What are Signature Credit Cards and How do you get one?

[twist7d7]

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it reports the HighBalance and a Credit Limit or a notation that High Balance is the Limit... it can be bad for your report depending on how the lender reports, but under manual review it will be dismissed as a signature card.  Your score may take a small hit but I wouldn't worry about it. If it happens a lot you may want to consider a full fledged charge card if you are concerned with your score. 

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Thanks, Have one . I was just curious.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Visa Signature definitely does NOT automatically mean NPSL - that must be a specific card the last person posting mentioned.

The Signature is a designation credit card companies are allowed to offer on some of their Visa cards that allows users to receive Visa's "top-level" features - namely, concierge service.

I am not sure if it also means other benefits - such as improved rental car insurance, etc, but you can go to Visa's site directly and look at the different card levels and the features that you get if you get any Signature card.

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The standard benefits are listed at https://usa.visa.com/visasignature/benefits.jsp

And NPSL is indeed one of them.  

Note:  Explore the list of Visa Signature benefits that may be available on your Visa Signature card. Please check with your issuer to see which of the following benefits applies to your card.

So not every card has to have them all, but most do.   In addition, some of these benefits are provided by some issuers on Platinum cards.    It really doesn't mean all that much IMO, just marketing.  But successful, most people here really want to get the "best" level available.

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It's silly to suggest to people that many, most, or all Visa sig cards have NPSL. I'm sure there are some, but anyone have one?

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Visa Signature definitely does NOT automatically mean NPSL - that must be a specific card the last person posting mentioned.

The Signature is a designation credit card companies are allowed to offer on some of their Visa cards that allows users to receive Visa's "top-level" features - namely, concierge service.

I am not sure if it also means other benefits - such as improved rental car insurance, etc, but you can go to Visa's site directly and look at the different card levels and the features that you get if you get any Signature card.

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The standard benefits are listed at https://usa.visa.com/visasignature/benefits.jsp

And NPSL is indeed one of them.  

Note:  Explore the list of Visa Signature benefits that may be available on your Visa Signature card. Please check with your issuer to see which of the following benefits applies to your card.

So not every card has to have them all, but most do.   In addition, some of these benefits are provided by some issuers on Platinum cards.    It really doesn't mean all that much IMO, just marketing.  But successful, most people here really want to get the "best" level available.

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It's silly to suggest to people that many, most, or all Visa sig cards have NPSL. I'm sure there are some, but anyone have one?

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It's far from silly.   ANd yes every single one of my sig cards offers this, exactly as explained above.  It's not in the Amex sense, but you can go above your credit limit, you just have to pay of the excess at the next due date.

Mine  include Chase Amazon, Freedom, CSP, Capital One QS, Citi TYP (World), CIti Premier, Citi AA, Penfed Sig etc.   Why do you think it is silly?  I suspect you haven't quite understood that its not a big deal, but they call themselves NPSL.

[jsucool76]

Visa Signature and World (and world elite) mastercard benefits can vary. 

Issuers can choose which ones they want to provide and which they dont. Only way to know for sure which are offered are to look at the CARDS benefit guide, as opposed to mastercard of visa's list of benefits. 

[Anonymous]

Yes, my scores aren't at the middle 800s and do not offer this,,,

[Anonymous]

As a point of reference, Citi offers top tier cards with VS, WMC and WEMC without always requiring a $5K CL (check the Terms & Conditions on the present cards on their website and you will see ".... some revolving credit lines may be as low as $1,000 or $2,000 dollars"). The Citi Forward Visa has a Signature option but does NOT include the NPSL. In reviewing the visa.com/signature website you will see the "NPSL" is optional to the financial institution.

[Anonymous]

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@Anonymous wrote:

As a point of reference, Citi offers top tier cards with VS, WMC and WEMC without always requiring a $5K CL (check the Terms & Conditions on the present cards on their website and you will see ".... some revolving credit lines may be as low as $1,000 or $2,000 dollars"). The Citi Forward Visa has a Signature option but does NOT include the NPSL. In reviewing the visa.com/signature website you will see the "NPSL" is optional to the financial institution.

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Yes, each signature benefit is optional (which makes it hard to talk about the generic benefit of a sig card!). So the Forward is the first example I have heard about, wonder why they exclude it, when the other Citi sig cards I have are NPSL.

[Anonymous]

longtimelurker - good question. Found in the Citi Forward Visa Card Terms and Conditions a card benefit that would have been at odds for the cardholder concerning getting "points" for paying on time and NOT going over the "credit limit." A Citi Forward Visa Signature that had the NPSL feature would allow for going over the revolving credit line and would not work in compliance with the card's core value of developing college students paying on time performance. Need to remember the card was developed soley for college students and had a short open to the public experience. I am not a college student but received a special Citi Card invitation via e-mail for the card October 2012. Shortly thereafter the public was shut out. Not to far later the 5x rewards were nerfed. Now as to the Citi Forward Visa Signature, Citi reviewed accounts generally December/January and would upgrade account holders that showed outstanding qualities (whatever they were - sure it was utilization and performance but...?) and add most of the Visa Signature benefits without the NPSL. My card does not have the NPSL feature.

[Anonymous]

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@Anonymous wrote:

longtimelurker - good question. Found in the Citi Forward Visa Card Terms and Conditions a card benefit that would have been at odds for the cardholder concerning getting "points" for paying on time and NOT going over the "credit limit." A Citi Forward Visa Signature that had the NPSL feature would allow for going over the revolving credit line and would not work in compliance with the card's core value of developing college students paying on time performance. Need to remember the card was developed soley for college students and had a short open to the public experience. I am not a college student but received a special Citi Card invitation via e-mail for the card October 2012. Shortly thereafter the public was shut out. Not to far later the 5x rewards were nerfed. Now as to the Citi Forward Visa Signature, Citi reviewed accounts generally December/January and would upgrade account holders that showed outstanding qualities (whatever they were - sure it was utilization and performance but...?) and add most of the Visa Signature benefits without the NPSL. My card does not have the NPSL feature.

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There were two cards, Forward, and Forward for Students.  Was the first limited duration, I know it did disappear first?  (And I think I got mine Dec 2012, right before it went away!)  Mine is not a sig (although the CL is $10,600) so never had the chance to see the lack of NPSL.

Your explanation makes sense though: you got bonus TYP for paying on time, not going over, and did you also get an APR reduction if you paid on time for three months or something.   Haven't really been tracking it, apart from checking I get 5x

[Anonymous]

longtimelurker - you reminded me that there was an actual student version first and last. Yeah remember that. As to the Apr reduction yes. You get a 0.25% reduction in the Apr for every three months you meet the card requirements for two years (eight three month reductions) from the date you are approved for the account. In my case the final reduction will hit in November 2014 where I will be at 10.99% Apr for purchases (assuming the FDIC doesn't change the rate from 3.25%). Not to shabby.