Visa Classic and Visa Platinum Credit Cards

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AceH
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Visa Classic and Visa Platinum Credit Cards

Postby AceH » Sun Aug 22, 2010 9:29 am

I currently have a Visa Classic credit card issued through my bank. If I apply for and get a Visa Platinum card through the same bank, will they cancel the Visa Classic card or will I simply have 2 Visa Cards?


jeffysdad
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Postby jeffysdad » Mon Aug 23, 2010 7:35 am

Better to just call the bank and say you want an upgrade to platinum. Your bank might not offer it anymore and might be offering "signature" instead. All of my Visa cards are signature and I don't have a problem with them. However, some on here have said that signature cards don't report your credit limit to the credit bureaus, which I understand can be an issue for some.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Cucumber
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Postby Cucumber » Mon Aug 23, 2010 7:22 pm

Yeah I would just ask for an upgrade too. But FYI Platinum Visa is for the most part the same as the regular.
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AceH
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Postby AceH » Tue Aug 24, 2010 8:34 am

Re: "But FYI Platinum Visa is for the most part the same as the regular."

Not with my bank as the Visa Cards are issued through my bank. The Platinum Visa (issued through my bank) comes with a higher minimum approval line of credit.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Fri Aug 27, 2010 6:43 pm

AceH wrote:Not with my bank as the Visa Cards are issued through my bank. The Platinum Visa (issued through my bank) comes with a higher minimum approval line of credit.


Typically the lowest credit line for Visa Platinum is $2,000 but that might have been lowered since the recession. At the same time it's still possible to have a basic Visa Gold card with a $10,000 or higher limit. The color of the card doesn't mean a limit will be high or low. But as stated above you might as well ask for an upgrade.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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