CarefulBuilder14 wrote:I was wondering what makes Visa Signature cards so popular when compared to regular Visa cards? Is it the higher / more flexible credit limits? Better support when you dispute a charge?
Is it true they report as consumer finance loans on credit reports? Is there any real significance to that?
[color="red"]Also, I've read mentions of 'Platinum Visas' on here. Does the word 'Platinum' have some universal meaning across all Visa cards the way (I think) Signature does? Or does each issuer that provides Visa cards use the term differently[/color]?
Platinum used to mean something; anymore, it's subjective, outside of AMEX. There used to be a "pecking order" for cards, sort of like GM autos in the olden days, when the car pecking order was Chevy/Pontiac/Oldsmobile/Buick/Cadillac. Each brand was a step up from the previous one and credit cards were no different, though usually fewer choices. There were basic cards, classic cards, premium (or some variation) cards, and platinum cards. AMEX still uses that GM pecking order, or at least consumers of their products seem to. The chargers are Green/Gold (and variations)/Platinum/Centurion -- Green is the Chevy, Centurion is the Caddy!
Does it really mean anything anymore? Not likely. Just something of a historical perspective.