I just realized I don't have a regular Visa card...

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Aug 10, 2014 8:23 pm

rockyrock wrote:It's pretty hard to get just a "regular" Visa these days. Most banks are pushing the Signature cards and use Platinum if you don't qualify. My local bank still offers a Visa Gold but you rarely even see those.


I think my Freedom is a regular Visa - I don't see 'Signature' or 'Platinum' on the card. It was my first credit of any kind so I easily could have fallen into their bottom tier - although the bottom tier of Freedom is still good, especially for a first card.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when


MemberSince99
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Postby MemberSince99 » Sun Aug 10, 2014 8:31 pm

I would guess that because you don't see Signature it's a regular Visa. (Also the limit as a Signature typically requires a 5k limit). Given that it just got raised to 2k you probably have a while before they will upgrade you.

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Aug 10, 2014 9:08 pm

MemberSince99 wrote:I would guess that because you don't see Signature it's a regular Visa. (Also the limit as a Signature typically requires a 5k limit). Given that it just got raised to 2k you probably have a while before they will upgrade you.


I'm in no rush to get a Visa Signature, so that's fine. BCE is definitely next as I build my history with Amex and let my hard pulls 'cool off' a little.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

supercoolman
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Postby supercoolman » Mon Aug 11, 2014 1:57 am

for a limited time, you'll get non-signature version CHASE Freedom if you request to have EMV on your Freedom

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otter
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Postby otter » Mon Aug 11, 2014 10:56 am

onion wrote: Even more weird is that BofA, which created Visa, is now using Mastercard.


That's kind of true... the bank now known as Bank of America was actually the old Nation's Bank(which was formerly known as NCNB) buying out the old Bank of America, so most of the history, culture, headquarters, etc comes from the Charlotte, NC bank, not the old California corporation. I did know a banker with Bank of America who told me that there were a few residue effects of being the company which started Visa... until Visa went public- there were a few minor fees Visa charged banks which BoA wasn't charged. They also owned the trademark to "Bank Americard" which was the original name of "Visa" which is why Bank of America issues cards under that name.

As for the questions posed by OP... I've lived in the south, northeast, midwest, and rocky mountain states and have never noticed a trend in terms of Visa/MC issuance by region. My perception has always been that Visa is a tad bit more "exclusive" than MC, but there's really little difference between the two. I don't even care which of the two I get, personally.

Some of the bigger issuers seem to have a preference- Barclay's prefers MC, Bank of America seems to prefer Visa. Chase is phasing out their MC's. So you have some banks who have a relationship with several networks (FNBO issues cards by all four major issuers).

I think the biggest factor is who you apply with and what you apply for.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

MemberSince99
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Postby MemberSince99 » Mon Aug 11, 2014 12:15 pm

Wow otter you have a nice spade I didn't realize you'd been gardening that long

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Aug 11, 2014 6:34 pm

CarefulBuilder14 wrote:I'm in no rush to get a Visa Signature, so that's fine. BCE is definitely next as I build my history with Amex and let my hard pulls 'cool off' a little.


Well, that plan lasted about 12 hours. :)
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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onion
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Postby onion » Mon Aug 11, 2014 7:05 pm

CarefulBuilder14 wrote:Well, that plan lasted about 12 hours. :)


Congrats! I love my BCE. If you were instantly approved, you can make an account right now with AmEx to find out your limit.
FICO TU - 728 - 8/14
FICO EX - 716 - 7/14
FICO EQ - 740 - 7/14

Bank of America Cash Rewards - $2,400
Best Buy - $3,000
American Express Blue Cash Everyday - $8,000
American Express Everyday - $10,000
Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)
American Express Platinum - NPSL
Barclaycard Arrival+ - $3,000
Capital One Yamacard - $11,000

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Aug 11, 2014 7:12 pm

It was instant approval. I clicked the link to set it up but it said it will take about a day to become active.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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onion
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Postby onion » Mon Aug 11, 2014 8:19 pm

CarefulBuilder14 wrote:It was instant approval. I clicked the link to set it up but it said it will take about a day to become active.


If you're stubborn with it, it generally lets you in a bit quicker. Also, the automated thing on the phone will tell you your limit as well. I'm very impatient, so I ended up calling and got it via phone.
FICO TU - 728 - 8/14

FICO EX - 716 - 7/14

FICO EQ - 740 - 7/14



Bank of America Cash Rewards - $2,400

Best Buy - $3,000

American Express Blue Cash Everyday - $8,000

American Express Everyday - $10,000

Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)

American Express Platinum - NPSL

Barclaycard Arrival+ - $3,000

Capital One Yamacard - $11,000



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