Which cards can make leap from Plat to Sig/WMC?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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CarefulBuilder14
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Which cards can make leap from Plat to Sig/WMC?

Postby CarefulBuilder14 » Wed Oct 08, 2014 6:01 pm

I'm curious which cards can go from Platinum to a higher tier of Visa/MasterCard without the need for opening a new account.

For example, I've heard a Platinum Freedom can become a Visa Sig when the CL gets up into the $5k-$8k range.

I've heard the Sallie Mae is fixed as either a Platinum or WMC when the account is created, and any future CL on the account is irrelevant.

CapOne QS cards can get upgraded to Sig, too.

Certain cards, especially travel cards with annual fees, are always VS or WEMC.

Who has gotten such an upgrade automatically? With a HP? Upon opening another card with the same issuer (like having a Freedom become Sig when getting a CSP, too)?

Or who has been told that it absolutely requires a new account for a particular card?
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt, SPG
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech


TheSwarm
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Postby TheSwarm » Wed Oct 08, 2014 6:22 pm

That's interesting. I wonder if I transfer the limit on my Slate to my Freedom if it will become a signature. Are there any worthwhile benefits to having a visa signature vs a platinum?

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PlyrStar93
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Postby PlyrStar93 » Wed Oct 08, 2014 6:57 pm

TheSwarm wrote:That's interesting. I wonder if I transfer the limit on my Slate to my Freedom if it will become a signature. Are there any worthwhile benefits to having a visa signature vs a platinum?

From what I have read, if you want to change your Freedom Platinum to Signature, you have to at least have the card for 13 months in addition to the CL.

Signature benefits are shown on Visa website. One notable benefit for Signature is no-preset-spending-limit. The Signature concierge is another one, though not shown on that page. Visa's concierge is reported to be less than perfect. For the roadside dispatch, you will need to pay for the service and goods (like gas, etc) related to that. Until now, I have not used any benefits, though.


OP: some information regarding BofA upgrades is floating around...
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

takeshi
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Postby takeshi » Thu Oct 09, 2014 10:19 am

TheSwarm wrote:Are there any worthwhile benefits to having a visa signature vs a platinum?

Worthwhile is always highly subjective regardless of topic. You'd have to review the benefits for yourself or define your criteria if you want feedback from us. I haven't made use of any of the Signature benefits on any of my cards so far. The tier really doesn't seem to impact the usefulness of a card for me. One of my most used cards is a Platinum. Some of my other most used are Signatures. YMMV.

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Terry
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Postby Terry » Thu Oct 09, 2014 11:47 am

PlyrStar93 wrote:From what I have read, if you want to change your Freedom Platinum to Signature, you have to at least have the card for 13 months in addition to the CL.

Signature benefits are shown on Visa website. One notable benefit for Signature is no-preset-spending-limit. The Signature concierge is another one, though not shown on that page. Visa's concierge is reported to be less than perfect. For the roadside dispatch, you will need to pay for the service and goods (like gas, etc) related to that. Until now, I have not used any benefits, though.


OP: some information regarding BofA upgrades is floating around...


Correct. When I had my Freedom Card, Chase made me wait until the account aged to 13 Months. Then, a call to their executive office resulted in an upgrade to signature once verification questions were answered.
AMEX Green Card - NPSL [Member Since 1995]
AMEX Everyday Card ($25,000)
Chase Visa Signature ($17,000)
Citi Visa Signature ($16,000)
Discover IT ($17,500)
Sam's Club MasterCard - ($20,000)
Wells Fargo Personal Line of Credit - ($15,000)

FICO's - 803 EX, 805 EQ, 799 TU [01/2017]

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Oct 09, 2014 7:31 pm

As far as BofA's practices, it seems a Cash Rewards card can become a Signature once it hits the $5k level. Whether the account must have a certain age in unclear.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt, SPG
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech



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