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World MC vs regular MC?

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Anonymous
Not applicable

Re: World MC vs regular MC?


@Anonymous wrote:

Not true.   I've had several regular MC in the past with limits over $5K.  


It is true, if you are insta approved for a card, Visa, or MC, and they start you out at $5k+, it will be issued as a Signature/World MC. I believe if you get a card, say at $4K, it will be issued as a regular Visa or MC and then say you recieve CLI's that put you over the $5k threshold, you have to call and ask for them to convert your card, to a Signature/World MC. A new card would have to be issued showing the difference in status. 

Message 11 of 34
bichonmom
Senior Contributor

Re: World MC vs regular MC?


@crunching_numbers wrote:

Signature/World products are NPSL.  The catch is any amount that you go over your line is due with the next due date, and the CC does not need to let you go over your CL for any given transaction amount if they do not want to. So they are NPSL at the CC companies discretion.


Crunching, You have the Barclay's B&N World MC -- Do you mind telling me how long you've had it? You have a really nice CL w/them. I guess I barely squeeked by with a $5k approval. But so far I'm very happy w/Barclay's since having my Apple in November.

EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Message 12 of 34
crunching_numbers
Valued Contributor

Re: World MC vs regular MC?


@bichonmom wrote:

@crunching_numbers wrote:

Signature/World products are NPSL.  The catch is any amount that you go over your line is due with the next due date, and the CC does not need to let you go over your CL for any given transaction amount if they do not want to. So they are NPSL at the CC companies discretion.


Crunching, You have the Barclay's B&N World MC -- Do you mind telling me how long you've had it? You have a really nice CL w/them. I guess I barely squeeked by with a $5k approval. But so far I'm very happy w/Barclay's since having my Apple in November.


No problem Bichon! I got the card in 5/2008.  My last auto CLI was Jan of this year when I went from $12.8K.


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 13 of 34
ajh5408
Contributor

Re: World MC vs regular MC?

The $5,000 minimum may be true for VISA Signature, but I have a World MasterCard (Citi Dividend) with a $1,200 limit. Smiley Frustrated

Message 14 of 34
crunching_numbers
Valued Contributor

Re: World MC vs regular MC?


@ajh5408 wrote:

The $5,000 minimum may be true for VISA Signature, but I have a World MasterCard (Citi Dividend) with a $1,200 limit. Smiley Frustrated



Does it still work the same with the NPSL?


Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)
Message 15 of 34
Anonymous
Not applicable

Re: World MC vs regular MC?


@Anonymous wrote:

@Anonymous wrote:

Not true.   I've had several regular MC in the past with limits over $5K.  


It is true, if you are insta approved for a card, Visa, or MC, and they start you out at $5k+, it will be issued as a Signature/World MC. I believe if you get a card, say at $4K, it will be issued as a regular Visa or MC and then say you recieve CLI's that put you over the $5k threshold, you have to call and ask for them to convert your card, to a Signature/World MC. A new card would have to be issued showing the difference in status. 


I was disputing your claim that regular MC are under $5K (I highlighted in red).   You can have a regular MC with over $5K limit.   And you can keep it that way.

Message 16 of 34
laboi_22
Established Contributor

Re: World MC vs regular MC?

Is the World Mastercard like the Visa Signature in that it doesn't report a limit on the CRAs because it's a flexible spending card? If so make sure to look into that. You might want to bring it down to a regular Mastercard if you are concerned about UTL. Usually these types of cards do not report a limit, they only report the high balance as the limit, and can affect UTL negatively. Just check to make sure. Maybe someone else had experience with Barclays and the World card. I think the limit reporting issue is lender specific/influenced. 

Current Scores: EX - 728 FICO (5/11/13) TU - 771 FICO (7/02/13) EQ ??

Current Cards: Chase Freedom $5,000, CSP $5,700, BofA Visa Signature $15,000, AMEX BCE $6,000, Walmart $4,150, Gap Visa $10,000, JC Penny $5,800, Lowes $8,500, Dillard's AMEX $8,000, AMEX Hilton HHonors - $2,000, Chase United $12,000, Citi AAdvantage & Simplicity $6,000/$6,000, SPG AMEX $1,000
Message 17 of 34
keithc
Regular Contributor

Re: World MC vs regular MC?

not true logan. citi sent me a world mc w/o a call when my limit went to 5300. 1 day i went to mailbox and there it was. i think citi rocks. but i didnt know it was a npsl. i dont understand b/c my limit is 5300.

Message 18 of 34
Anonymous
Not applicable

Re: World MC vs regular MC?


@laboi_22 wrote:

Is the World Mastercard like the Visa Signature in that it doesn't report a limit on the CRAs because it's a flexible spending card? If so make sure to look into that. You might want to bring it down to a regular Mastercard if you are concerned about UTL. Usually these types of cards do not report a limit, they only report the high balance as the limit, and can affect UTL negatively. Just check to make sure. Maybe someone else had experience with Barclays and the World card. I think the limit reporting issue is lender specific/influenced. 


The no reporting thing is changing as cras have added features to allow these kinds of cards to report limit. They list limit and the account type is says something different that regular credit card. In any case, whether or not your issuer is doing this already or is planning to do it or never does it is up to them. Best way is to check credit report and call issuer. If it is no showing limit, then fico will treat your high balance as your limit like the old tu98 does for Amex charge cards.
Message 19 of 34
gettingstarted
Regular Contributor

Re: World MC vs regular MC?

I just checked my CR and my USAA World MC reports as a flexible spending credit card and reports the CL

Chase Military Star MasterCard(5K) Chase MWR MASTERCARD(3K) Discover More Card(6K) USAA World MasterCard(9K) Military StarCard(3K) USAA Platinum Visa (10.5K)

MY FICO SCORES MAY 20TH 2012: EQ 738 TU 747 EX PLUS SCORE 761
In Garden Mode Until May 15th 2013

Soldier Medic
Message 20 of 34
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