Chase Freedom Visa Signature CL

techiegirl · ‎06-20-2013

I finally received my new Chase Freedom Visa Signature card today with a CL of $15K. I thought the Visa Signature cards have no limit.

Can somebody explain to me how that works?

FICO: EQ - 809 TU- 808 EX - 797

enharu · ‎06-20-2013

Visa signature cards are NPSL.

That means you can use more than 15K, though those transactions are subject to approval by Chase. Your real hard limit will depend on a lot of factors.

Whatever amount you use in excess of 15K is due in full when your bill is due.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

rkinnahan · ‎06-20-2013

The way Visa Signature's work is that there is no preset spending limit. The 15k hard limit provided means that you can't carry a balance greater than that value at the end of a billing cycle. You can charge over it, but it's on you to pay off any balance greater than the 15k.

At least this is how I understand it.