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@trumpet-205 wrote:
@Anonymous wrote:There's not a whole lot of advantages to one over the other in the US. Sam's Club is the only place I know that takes one but not the other. I think Visa Signature typically has a little bit stronger benefits over World MasterCard, but the individual card may enhance them anyway; also MasterCard has World Elite level, which has more perks.
World Elite is meant to compete against Visa Infinite. Visa Infinite beats World Elite MC, as does Visa Signature to World MC. MC overall has less perks than Visa.
Visa Infinite may be better than WE MC, but aren't there currently no Visa Infinites being issued in the US? As for Visa Sig against World MasterCard, it may be true that the Visa generally has more perks, but this can vary by card because many cards go above and beyond standard Visa or Mastercard perks, like the Chase Sapphire Preferred, for instance.
VISA infinite not issued inthe US ?
So there is one more VISA flavor out there. Even the Palladium is a Signature.
Yes the Visa Infinte is a non-US version. It is considered a step above the Signature version.
I remember reading something a few years ago about Visa introducing a "Signature Preferred" tier in the US that would be above Signature, but I guess that never happened.
@DeadSpider wrote:So MC is more accepted outside US ? I thought I was the other way around !
By the way my Freedom card is MC.
My Chase freedom is MC, also.
I think there really is no difference b/w visa or MC
But I think I'd prefer a MC over visa any day.
Coke or Pepsi?
I think there is less of a difference, than people are led to believe. That being said, I don't understand why Visa hasn't seen the opportunity to target their Visa Infinite to the U.S. market.
I have a feeling its because the number of people who would qualify would be extremely limited, so much so that it wouldn't be worth the costs of implementation. Visa Infinites have a minimum CL of $20,000, so you'd need to be able to qualify for a 20k CL upon approval from a major bank (not something like NFCU which gives out severely inflated limits). CLIs wouldn't count in this, much like to get a signature you must be qualified for 5k the moment you're approved. The difference in interchange fees from this small group would be fairly small (maybe an extra 0.1-0.15%), and therefore it would take them a decade or more to recover the startup costs.
@nenuco wrote:I think there is less of a difference, than people are led to believe. That being said, I don't understand why Visa hasn't seen the opportunity to target their Visa Infinite to the U.S. market.
@CreditScholar wrote:I have a feeling its because the number of people who would qualify would be extremely limited, so much so that it wouldn't be worth the costs of implementation. Visa Infinites have a minimum CL of $20,000, so you'd need to be able to qualify for a 20k CL upon approval from a major bank (not something like NFCU which gives out severely inflated limits). CLIs wouldn't count in this, much like to get a signature you must be qualified for 5k the moment you're approved. The difference in interchange fees from this small group would be fairly small (maybe an extra 0.1-0.15%), and therefore it would take them a decade or more to recover the startup costs.
@nenuco wrote:I think there is less of a difference, than people are led to believe. That being said, I don't understand why Visa hasn't seen the opportunity to target their Visa Infinite to the U.S. market.
This is somewhat inaccurate. RBC, for example, requires for its British Airways Visa Infinite a minimum line of $5,000 in conjunction with a minimum personal income of $60,000 or minimum household income of $100,000.
These are marketing tools designed to appeal to snobbery, IMO. If the benefits you can obtain (and actually utilize) from the card outweigh the AF (if any), then by all means pick it up. If not, it's ludicrously stupid IMO to pay a fee for presumed prestige.Credit cards are tools, not fashion accessories.
Because, after all, if one can seek something out, it isn't really very prestigious, is it? The truly prestigious things in life (to the extent that this even matters, which IMO is zero) are the things that one must be invited to acquire.
Likewise for the CIBC Aerogold VISA Infinite, the Scotiabank Momentum VISA Infinite, and the TD Canada Trust First Class Travel VISA Infinite.
All have minimum lines of $5,000 with personal income of $60,000 or household income of $100,000.