Chase FU Upgraded to Signature!

[Anonymous]

I was recently approved for a CSP (https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Chase-TRIFECTA-ACHIEVED-over-5-24/td-p/562332...) and have now re-allocated some CL to my FU to upgrade it to VS. Shoutout to the CSR who was able to process the reallocation and issue the VS card immediately! (The first time I did not have to HUCA about any Visa Signature-related question wih any lender!)

[VanderSnoot]

Congratulations, OP! That's awesome! And please, tell me more about why you upgraded to VS (I didn't know this was an option and am intrigued).

[Marz2002]

YOU...

CONGRATS @GrasshopperStudent on your VS upgrade and enjoy your new card!!!

[Anonymous]

Congrats on the upgrade!

[Anonymous]

@Anonymous you are all MyFico! Believe you left the status of student a long time ago

[coldfusion]

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@VanderSnoot wrote:

Congratulations, OP! That's awesome! And please, tell me more about why you upgraded to VS (I didn't know this was an option and am intrigued).

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The minutae can vary from issuer to issuer (better warranty protection, a degree of travel assistance, access to a concierge).  For many users the biggest practical difference is an ability to temporarily exceed one's credit limit with a Signature card without fee or penalty as long as at least the entire overage and the mininum payment due from the previous statement are both paid before the card's next due date. 

Not all issuers will upgrade a Visa/Visa Platinum card to a Visa Signature when a CL crosses a typically-$5K threshold.  2 examples I know of are the Ebates Platinum and the Uber Visa; if you want an upgrade to a VS you have to reapply for a new card. 

It used to be that Signature cards by default reported as having a flexible spending limit but that practice has been waning. 

[VanderSnoot]

Thanks, @coldfusion. I hadn't paid attention to which (if any) of my Visas were VS, but now I will.

[coreysw12]

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@coldfusion wrote:

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Not all issuers will upgrade a Visa/Visa Platinum card to a Visa Signature when a CL crosses a typically-$5K threshold.  2 examples I know of are the Ebates Platinum and the Uber Visa; if you want an upgrade to a VS you have to reapply for a new card. 

It used to be that Signature cards by default reported as having a flexible spending limit but that practice has been waning. 

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My CSP is reporting as a flexible spending account, I had to google what that was because I'd never heard of it before. Even though we technically "can" go overlimit without fees and such, to me it still seems like a bad idea to actually do that. I don't think Chase is a big fan of people who make a habit of exceeding their credit limits.

Oddly, my CFU card came with an SL of $5,600 but it isn't a Signature. I'm not sure if I care, since I'll be using the CSP Signature for booking travel anyways.

[coreysw12]

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@VanderSnoot wrote:

Thanks, @coldfusion. I hadn't paid attention to which (if any) of my Visas were VS, but now I will.

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The really cool one is Visa Infinite, which has the same features as Visa Signature but adds Emerald Executive status with National Rental Car, which is VERY nice if you rent cars from them. Basically it lets you rent a premium car for the same price as a regular midsize car.

The Sapphire Reserve is Chase's Visa Infinite offering, and I don't believe any of their other cards can be upgraded to a VI (except by PC'ing to a CSR.)

[VanderSnoot]

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@coreysw12 wrote:

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@VanderSnoot wrote:

Thanks, @coldfusion. I hadn't paid attention to which (if any) of my Visas were VS, but now I will.

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The really cool one is Visa Infinite, which has the same features as Visa Signature but adds Emerald Executive (top tier) status with National Rental Car, which is VERY nice if you rent cars from them. Basically it lets you rent a premium car for the same price as a regular midsize car.

The Sapphire Reserve is Chase's Visa Infinite offering, and I don't believe any of their other cards can be upgraded to one (except by PC'ing to a CSR.)

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Ooooh, that's fun.

CSR is on my maybe list. If I stick with the cash back route, CSR doesn't make sense. If I want to start treating the family to upgraded vacations, then it does. Either way, I need to wait 2 years or for a magical green check mark before I'm in a position to consider applying.