World Elite MasterCard on CSP not possible?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
11 posts
SuperKirby
Platinum Member
Platinum Member
 
Posts: 73
Joined: Tue Mar 19, 2013 1:41 pm
Location: LAS / OKC

World Elite MasterCard on CSP not possible?

Postby SuperKirby » Sat Apr 27, 2013 8:24 pm

So it is not possible to have a Chase Sapphire Preferred World ELITE MasterCard? I wonder why...

They allow the United Explorer and United Club cards to have the WEMC versions, but not CSP. How does the process work? Any particular reason? TIA


pewpew
Centurion Member
Centurion Member
 
Posts: 106
Joined: Wed Apr 03, 2013 3:16 am
Location: nyc/ny

Postby pewpew » Sat Apr 27, 2013 11:13 pm

i doubt anyone will be able to tell you why. we can only speculate.

as you probably know, chase offers the Sapphire Proffered as a VISA Signature and also as a World MasterCard. If they start giving out the CSP as a World Elite MasterCard they will also have to allow upgrades of the VISA Signature to VISA Infinite. But US banks for some reason don't want to offer VISA Infinite cards at all.

Another issue is that upgrading the CSP to a World Elite MasterCard would make the card more costly to the bank. The CSP already has the most generous point system in the industry thanks to the bonuses and the UR Mall. they would have to increase the AF to cover the additional costs.

A better question would be why is it that a credit card with a $95 annual fee still not available with Chip and Pin functionality.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL

Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.

SuperKirby
Platinum Member
Platinum Member
 
Posts: 73
Joined: Tue Mar 19, 2013 1:41 pm
Location: LAS / OKC

Postby SuperKirby » Sat Apr 27, 2013 11:50 pm

Thanks for the input. I'm sure the Chip & Signature will come soon (Major US financial institutions won't do PIN, don't know why, another question for another time although i'm 99% sure it's money reasons).

Another thing is that i've been hearing that people can convert their United MileagePlus Club/Explorer cards to WEMC. However, there is no Visa Infinite for the United Club/Explorer cards, only a Visa Signature. The Explorer card is only a $95 AF card. I guess i'll ask the CSR whenever it comes time for me to apply.

Gamma
Centurion Member
Centurion Member
 
Posts: 464
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Postby Gamma » Mon Apr 29, 2013 1:16 am

There is a new tier to the Visa that just came out this month called the Visa Signature Preferred, which I'm assuming we will start seeing more of to rival out the WEMC. I have never seen anyone with a Visa Infinite card before, only WEMC. Maybe in the next coming months, this will become a common card just like the Signature/World so the banks make more $$.

pewpew
Centurion Member
Centurion Member
 
Posts: 106
Joined: Wed Apr 03, 2013 3:16 am
Location: nyc/ny

Postby pewpew » Mon Apr 29, 2013 3:34 am

Gamma wrote:I have never seen anyone with a Visa Infinite card before, only WEMC. Maybe in the next coming months, this will become a common card just like the Signature/World so the banks make more $$.


VISA Infinite cards existed in the US for a brief period of time. I think US Bank offered one 10 years ago. They have since went the way of the dinosaur. People weren't even allowed to be grandfathered into one either. My dad had a VISA Infinite card years ago (it was SOOOOO pretty) but I can't remember from which bank. It was converted to a VISA Platinum eventually without the bank giving a chance for anyone to opt out.

VISA Infinite cards still exist abroad. TD bank offers one, but only in Canada. HSBC offers one in Singapore. Citibank offers an "Ultimate Credit Card" In the United Arab Emirates which is a VISA Infinite card. it is still a rare sight as it is only offered mostly to the high spending clients in countries where people throw money around senselessly (prime example: this Visa Infinite card is made of pure gold, diamonds and a pearl offered in Kazakhstan, comes with a free iPhone 5 and costs $65,000), with the TD bank version being the only exception to this madness as it is offered to pretty much anyone who applies and doesn't come with diamonds or tacky all black designs. It's nothing special really, just a fancier logo and slightly more beefed up perks. on par with WEMC.

Gamma wrote:There is a new tier to the Visa that just came out this month called the Visa Signature Preferred, which I'm assuming we will start seeing more of to rival out the WEMC.


This is news to me. and it is an incredibly stupid idea. what the hell is the point of launching yet another tier when there is no need to do so. Why not just change the benefits of the VISA Infinite to make it appealing for banks all over the world, including in the US, to pick up. VISA Infinite benefits still don't come even remotely close to AMEX's Centurion card benefits. So if they were hoping to stick the Infinite card into the super-duper-luxury market, it's not going to happen.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL

Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.

Sevenfeet
Centurion Member
Centurion Member
 
Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Mon Apr 29, 2013 9:10 am

From what I've seen, Visa Signature Preferred closes the gap between Visa Sig and MasterCard Word Elite in terms of benefits (specifically price protection and some travel insurance). To date, I've only seen Regions Bank actually offer it.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

User avatar
Z06Biker
Centurion Member
Centurion Member
 
Posts: 464
Joined: Fri Apr 12, 2013 5:39 pm
Location: Los Angeles

Postby Z06Biker » Mon Apr 29, 2013 3:52 pm

I wasn't aware the United MileagePlus Club card had a MasterCard World Elite option, although it makes sense being that the annual fee is $395. That their Explorer card allegedly has such an option, however, is head-scratching, being that the annual fee is "only" $95...
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

Gamma
Centurion Member
Centurion Member
 
Posts: 464
Joined: Sat Sep 15, 2012 1:15 am
Location: Los Angeles, CA

Postby Gamma » Mon Apr 29, 2013 6:13 pm

pewpew wrote:VISA Infinite cards existed in the US for a brief period of time. I think US Bank offered one 10 years ago. They have since went the way of the dinosaur. People weren't even allowed to be grandfathered into one either. My dad had a VISA Infinite card years ago (it was SOOOOO pretty) but I can't remember from which bank. It was converted to a VISA Platinum eventually without the bank giving a chance for anyone to opt out.

VISA Infinite cards still exist abroad. TD bank offers one, but only in Canada. HSBC offers one in Singapore. Citibank offers an "Ultimate Credit Card" In the United Arab Emirates which is a VISA Infinite card. it is still a rare sight as it is only offered mostly to the high spending clients in countries where people throw money around senselessly (prime example: this Visa Infinite card is made of pure gold, diamonds and a pearl offered in Kazakhstan, comes with a free iPhone 5 and costs $65,000), with the TD bank version being the only exception to this madness as it is offered to pretty much anyone who applies and doesn't come with diamonds or tacky all black designs. It's nothing special really, just a fancier logo and slightly more beefed up perks. on par with WEMC.



This is news to me. and it is an incredibly stupid idea. what the hell is the point of launching yet another tier when there is no need to do so. Why not just change the benefits of the VISA Infinite to make it appealing for banks all over the world, including in the US, to pick up. VISA Infinite benefits still don't come even remotely close to AMEX's Centurion card benefits. So if they were hoping to stick the Infinite card into the super-duper-luxury market, it's not going to happen.

This was interesting to read. Thanks for sharing.

User avatar
djrez4
Centurion Member
Centurion Member
 
Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Mon Apr 29, 2013 7:44 pm

Z06Biker wrote:I wasn't aware the United MileagePlus Club card had a MasterCard World Elite option, although it makes sense being that the annual fee is $395. That their Explorer card allegedly has such an option, however, is head-scratching, being that the annual fee is "only" $95...


The Ink Bold is a WEMC with an annual fee of "only" $95. It comes that way. There is no World MC Ink Bold.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

Scoobynoodles
Platinum Member
Platinum Member
 
Posts: 53
Joined: Sat Jan 19, 2013 9:06 pm
Location: NYC

Postby Scoobynoodles » Tue Jun 18, 2013 12:04 pm

Nice post. Thanks guys. Always interested in the various levels of these cards.
AmEx Platinum 2009 & Blue Cash $3.5K Delta Gold $2K
BofA BankAmericard $6K | Chase[/i] Sapphire Preferred $10K & Amazon $1.5K Freedom $2.2K | CACU Platinum $13K
Discover Cashback $8.5K & It $6K | Citi Simplicity $5.6K & TY $4.3K



Return to “Visa & MasterCard”

Who is online

Users browsing this forum: No registered users and 0 guests