Visa Signature Preferred is above Visa Signature?

I like luxury credit cards · 02:11 PM

I came across information that there are new Visa Signature Preferred cards (a level above even Visa Signature) that came out last year that are aimed at big spenders who spend more than $50k a year on their card. From what I've read though you can't openly apply for one of them. You have to have a Visa Signature credit card that you are spending a lot on and it is up to your bank whether they want to bump you up to Signature Preferred or not.

I haven't been able to find the Signature Preferred features and benefits anywhere listed and I haven't been able to find what cards will have this level on it. I'm assuming it is the existing Signature cards already on the market?

The sucky part is that stores have to pay credit card processing fees with the Visa Signature Preferred that are even higher than the regular Signature card level. The normal Visa Signature level was SUPPOSED to be exclusive but they downed it and started offering it on like every single Visa out there so it's no longer anything special I think.

Mogul of Pineapples · 06:22 PM

The Visa Signature Preferred in my opinion is nothing more than an excuse to charge the merchants higher credit card processing fees, the the already higher tier for Visa Signature. You see each level of credit card up the ladder charges higher percentage fees on the purchases.

The original Visa Signature was originally aimed at those spending 50k to 250k annual and today there are many cards, including entry level credit cards like the Chase Freedom, that are Visa Signature. On that card it doesn't even say it's signature anywhere on the design of the card, but it is mentioned in the material on the card. I'm not impressed with the whole concept of Visa Signature credit cards.

I like luxury credit cards · 02:43 AM

I'm not disagreeing with anything you saying but the one plus the Visa Siganture cards have going for them is most of them don't have an annual fee and that's like getting free benefits. You are right though about it being a way for VISA to make more in credit card processing by creating the Signature Preferred. I dunno. I would need to know the benefits offered on the Preferred to know if it would be something to get excited about or not.

sputNick · 04:56 PM

I had thought they were all by invitation Visa Signature cards. You're telling me you can openly apply for Visa Signature and the Signature Preferred you have to be invited?

Visa Signature rewards (from what I am reading on them) do not sound special at all. I would go with the Mastercard World Elite if I was going to choose between the two. If you look at the Chase Freedom (Signature Visa version) its perks are nothing to jump up and down about.

Demon · 12:32 AM

I am not quite sure the level of Visa Signature and the benefits of it,
anyone could tell some more?

02:11 PM	#1
I like luxury credit cards Green Member Join Date: Jan 2009 Location: I live on both coasts Posts: 4	Visa Signature Preferred is above Visa Signature? I came across information that there are new Visa Signature Preferred cards (a level above even Visa Signature) that came out last year that are aimed at big spenders who spend more than $50k a year on their card. From what I've read though you can't openly apply for one of them. You have to have a Visa Signature credit card that you are spending a lot on and it is up to your bank whether they want to bump you up to Signature Preferred or not. I haven't been able to find the Signature Preferred features and benefits anywhere listed and I haven't been able to find what cards will have this level on it. I'm assuming it is the existing Signature cards already on the market? The sucky part is that stores have to pay credit card processing fees with the Visa Signature Preferred that are even higher than the regular Signature card level. The normal Visa Signature level was SUPPOSED to be exclusive but they downed it and started offering it on like every single Visa out there so it's no longer anything special I think.

06:22 PM	#2
Mogul of Pineapples Centurion Member Join Date: Jun 2008 Location: Where the smog from the 101 freeway coats my home's windows... Posts: 634	The Visa Signature Preferred in my opinion is nothing more than an excuse to charge the merchants higher credit card processing fees, the the already higher tier for Visa Signature. You see each level of credit card up the ladder charges higher percentage fees on the purchases. The original Visa Signature was originally aimed at those spending 50k to 250k annual and today there are many cards, including entry level credit cards like the Chase Freedom, that are Visa Signature. On that card it doesn't even say it's signature anywhere on the design of the card, but it is mentioned in the material on the card. I'm not impressed with the whole concept of Visa Signature credit cards. __________________ “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash

04:56 PM	#4
sputNick Gold Member Join Date: Oct 2008 Location: Midwest Posts: 41	by invitation Visa Signature cards? I had thought they were all by invitation Visa Signature cards. You're telling me you can openly apply for Visa Signature and the Signature Preferred you have to be invited? Visa Signature rewards (from what I am reading on them) do not sound special at all. I would go with the Mastercard World Elite if I was going to choose between the two. If you look at the Chase Freedom (Signature Visa version) its perks are nothing to jump up and down about.

12:32 AM	#5
Demon Green Member Join Date: Apr 2009 Location: HONGKONG Posts: 21	I am not quite sure the level of Visa Signature and the benefits of it, anyone could tell some more? __________________ Life is like a box of chocolates

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02:43 AM	#3
I like luxury credit cards Green Member Join Date: Jan 2009 Location: I live on both coasts Posts: 4	I'm not disagreeing with anything you saying but the one plus the Visa Siganture cards have going for them is most of them don't have an annual fee and that's like getting free benefits. You are right though about it being a way for VISA to make more in credit card processing by creating the Signature Preferred. I dunno. I would need to know the benefits offered on the Preferred to know if it would be something to get excited about or not.