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Chase FU Upgraded to Signature!

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Valued Contributor

Chase FU Upgraded to Signature!

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!)

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TU FICO 8: 741 (6/20) — Ex FICO 8: 730 (6/20) — Opinions are my own and not the views of my employer
Message 1 of 16
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Established Contributor

Re: Chase FU Upgraded to Signature!

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).

Garden Gnome
12 CC | 1 PLOC | 0 MTG | 0 AUTO
Most recent inquiry: 2020-10
Most recent account: 2020-10
Under 5/24: 2021-05
Message 2 of 16
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Valued Contributor

Re: Chase FU Upgraded to Signature!

YOU...

awesome congratulations GIF by Slanted Studios

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

AMEX BCE $8K | AMEX Cash Magnet $15K | Citi DoubleCash WEMC $13.7K | Citi AAdvantage WEMC $14K | Citi Costco VS $12K
Discover IT $19K | OpenSky $300 | BB&T Cash Rewards $4.5K | Synchrony (PayPal Credit $4K, Care Credit $15K, & PayPal 2% MC $10K) |
BBVA Compass Rewards VS $10.5K | NFCU cashRewards $3K | NFCU More Rewards AMEX $33.5K | NFCU Flagship VS $19K
Macy's AMEX $10.5K | Apple Card WEMC $6K | PenFed Power Cash Rewards VS $7.5K

TCL - $204K+ | Rebuilding since April 2018
Message 3 of 16
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Frequent Contributor

Re: Chase FU Upgraded to Signature!

Congrats on the upgrade! Smiley Very Happy

Message 4 of 16
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Moderator Emeritus

Re: Chase FU Upgraded to Signature!

@GrasshopperStudent you are all MyFico! Believe you left the status of student a long time ago Smiley Happy
Starting Score: 300
Current Score: 850
Goal Score: 850


Take the myFICO Fitness Challenge
Message 5 of 16
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Community Leader
Super Contributor

Re: Chase FU Upgraded to Signature!


@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).


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. 



(10/2020)
FICO 8 (EX) 810 (TU) 805 (EQ) 794
FICO 9 (EX) 835 (TU) 822 (EQ) 828

$1M+ club

Artist formerly known as ColdFusion
Message 6 of 16
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Established Contributor

Re: Chase FU Upgraded to Signature!

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

Garden Gnome
12 CC | 1 PLOC | 0 MTG | 0 AUTO
Most recent inquiry: 2020-10
Most recent account: 2020-10
Under 5/24: 2021-05
Message 7 of 16
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Established Contributor

Re: Chase FU Upgraded to Signature!


@the_old_curmudgeon wrote:

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. 


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.

    Total Loan Balance: $28k / $70k

    Total SL: $41.2k
Goal cards:



United 1K - 675,000 lifetime flight miles    |    Chase 6/24
Message 8 of 16
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Established Contributor

Re: Chase FU Upgraded to Signature!


@VanderSnoot wrote:

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


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.)

    Total Loan Balance: $28k / $70k

    Total SL: $41.2k
Goal cards:



United 1K - 675,000 lifetime flight miles    |    Chase 6/24
Message 9 of 16
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Established Contributor

Re: Chase FU Upgraded to Signature!


@coreysw12 wrote:

@VanderSnoot wrote:

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


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.)


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.

Garden Gnome
12 CC | 1 PLOC | 0 MTG | 0 AUTO
Most recent inquiry: 2020-10
Most recent account: 2020-10
Under 5/24: 2021-05
Message 10 of 16
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