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WMC, WEMC or VSC

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pizza1
Community Leader
Super Contributor

Re: WMC, WEMC or VSC


@UpperNwGuy wrote:

@Anonymous wrote:

We all know that for whatever criteria, CCC's may target you to be the lucky candidate for a segment upgrade into a World Mastercard, Elite Mastercard or Visa Signature Card depending on the existing type of card that you currently have of course.


Unless you're rolling like 'Lifestyles with Robin Leach' for the average Joe or Jane, what does this really mean and does it really matter?


To the cardholder it means almost nothing, and it doesn’t really matter.  To the merchant it means higher swipe fees, so they hate it.


Except if you're @CreditCuriosity. Then it matter a lot. He's kind of a CC snob, LOL Smiley Wink hehehe

Message 11 of 23
wasCB14
Super Contributor

Re: WMC, WEMC or VSC


@Anonymous wrote:

@Anonymous wrote:

We all know that for whatever criteria, CCC's may target you to be the lucky candidate for a segment upgrade into a World Mastercard, Elite Mastercard or Visa Signature Card depending on the existing type of card that you currently have of course.


Unless you're rolling like 'Lifestyles with Robin Leach' for the average Joe or Jane, what does this really mean and does it really matter?


That pretty much sums it up! Smiley Sad


I doubt that even a lot of big spenders find the perks useful. It's much more about image and creating a (usually false) appearance that customers are saving money..

 

Remember, Visa and MC get a tiny amount of revenue per card. If they were giving things of real value to big spenders, word would spread quickly and they would start hemorrhaging money.

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Message 12 of 23
CreditCuriosity
Moderator Emeritus

Re: WMC, WEMC or VSC


@pizza1 wrote:

Except if you're @CreditCuriosity. Then it matter a lot. He's kind of a CC snob, LOL Smiley Wink hehehe


@pizza1. um huh Nordstrom Icon card holder 

Message 13 of 23
Anonymous
Not applicable

Re: WMC, WEMC or VSC

Why do I get the feeling that rich folks tend to be cheap that's a compliment heheh Smiley Tongue

Message 14 of 23
pizza1
Community Leader
Super Contributor

Re: WMC, WEMC or VSC


@Anonymous wrote:

Why do I get the feeling that rich folks tend to be cheap that's a compliment heheh Smiley Tongue


Thats how they got rich....being cheap Smiley Wink

Message 15 of 23
blindambition
Senior Contributor

Re: WMC, WEMC or VSC

It doesn’t matter for the most part. Sure the higher end offer a few more benefits.
The only one I have that I resent which card it is, my Cap One QS. They purposely bucket it. When you’ve shown worthiness years longer than when you were down.
I’m blind... don’t matter much what the darn card looks like. This boy might think different when he finds a man with an AMEX Black, or Chase Private... LOL! JK!
Message 16 of 23
Shooting-For-800
Senior Contributor

Re: WMC, WEMC or VSC

It makes me feel a little better when I am leaving the country or going on a big trip to have some of the benefits of WEMC.

No, I have not filed any claims, but it does not cost me anything.

I think some vendors may notice the difference even if they dont act like it.

 

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 17 of 23
UpperNwGuy
Valued Contributor

Re: WMC, WEMC or VSC


@Shooting-For-800 wrote:

It makes me feel a little better when I am leaving the country or going on a big trip to have some of the benefits of WEMC.

No, I have not filed any claims, but it does not cost me anything.

I think some vendors may notice the difference even if they dont act like it.

 


What are those benefits that WEMC gives you when you are on an international trip?  I haven't seen any.

 

Of course the vendors notice the difference.  It costs them more in the form of higher swipe fees.

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Message 18 of 23
Anonymous
Not applicable

Re: WMC, WEMC or VSC


@CreditCuriosity wrote:

@pizza1 wrote:

Except if you're @CreditCuriosity. Then it matter a lot. He's kind of a CC snob, LOL Smiley Wink hehehe


@pizza1. um huh Nordstrom Icon card holder 


Burnnnnnn 🔥 

Seriously.....I can’t say anything about anyone’s shopping. I spent 5 hours at Nordies today. But I ate there also. 

Message 19 of 23
kdm31091
Super Contributor

Re: WMC, WEMC or VSC


@wasCB14 wrote:

@Anonymous wrote:

@Anonymous wrote:

We all know that for whatever criteria, CCC's may target you to be the lucky candidate for a segment upgrade into a World Mastercard, Elite Mastercard or Visa Signature Card depending on the existing type of card that you currently have of course.


Unless you're rolling like 'Lifestyles with Robin Leach' for the average Joe or Jane, what does this really mean and does it really matter?


That pretty much sums it up! Smiley Sad


I doubt that even a lot of big spenders find the perks useful. It's much more about image and creating a (usually false) appearance that customers are saving money..

 

Remember, Visa and MC get a tiny amount of revenue per card. If they were giving things of real value to big spenders, word would spread quickly and they would start hemorrhaging money.


Exactly. The WMC, WEMC, VS, etc is IMO mostly marketing to create a sense of prestige. Yes you do get some additional benefits that most people are unlikely to use.

 

The extended price protection (on the MCs) could be useful, but the number of situations where you 1) need/remember/bother to use price protection to begin with, and 2) don't use it soon enough so you need that extra time, seems like it would very infrequent.

 

To sum it up it's not something I would worry about; in general people need to focus on benefits offered by the bank itself, and rewards, etc before worrying about network.

Message 20 of 23
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