World Elite and Visa Signature

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
18 posts
irvine801
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World Elite and Visa Signature

Postby irvine801 » Wed Aug 22, 2012 11:40 pm

I have always wondered this... how do you get them and do any banks offer them!?
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit


jeffysdad
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Postby jeffysdad » Thu Aug 23, 2012 4:12 pm

World and Signature are common, almost unavoidable. World Elite is harder to come by. I've never had one but I'm sure others on here have/do.
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.

fantasy86dj
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Postby fantasy86dj » Thu Aug 23, 2012 4:29 pm

I have the Commonwealth Bank of Australia Diamond Awards Mastercard (Diamond Credit Card) which is a World Card. Back in 2007 I started my relationship with the Commonwealth Bank with a student card (Student Credit cards) then went to Gold Awards (Commonwealth Bank Group). After a Gold Awards member I then went too Platinum for about 4 months (Platinum Credit Card) after which I applied for a limit increase from $8,000AUD to $18,000AUD (the minimum limit for a Diamond) then product transfered.

I have an extensive histroy with Commonwealth Bank (transaction account, savings, overdraft and had 2 loans with them) which helped my case a lot when I went to the Branch Manager's office to apply for the limit increase and the upgrade.

If you have a good history it should be less of a bother to get the top end credit cards then if you are just starting out (you cannot aim for the stars too soon).

I have not seen a World Elite - I am guessing they do exist in Australia but I would like to see one :)
Transaction account:

http://www.westpac.com.au/personal-banking/bank-accounts/transaction/

Credit card:

[url=http://www.nab.com.au/personal/credit-cards/velocity-credit-cards/nab-velocity-rewards-premium-card[/url]

Credit score: 636/1200 (current as of 5/21/2015)


irvine801
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Postby irvine801 » Thu Aug 23, 2012 6:27 pm

I am new to building credit :P I'm like 2 years into with credit cards. So I'm still fresh :)
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

CC Deville
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Postby CC Deville » Thu Aug 23, 2012 8:04 pm

irvine801 wrote:I have always wondered this... how do you get them and do any banks offer them!?


As Jeffrey's Father said, Visa Signature and World MasterCard are the new basic cards. Practically any reward card seems to be these levels because the banks earn a higher swipe fee for the higher level cards. This helps pay for the rewards.

World Elite is a rarer bird (World MasterCard really isn't all that much better than Platinum, but World Elite is better than Visa Signature). Barclay's offers a World Elite MasterCard on the Ameriprise card; HSBC(Cap1) has a World Elite Saks Fifth Avenue MasterCard. Citibank has several: Aadvantage Executive Level World Elite and the Thank You Premier (or whatever they call the top level Thank You). Citibank will also upgrade normal cards like Dividend, Aadvantage etc to World Elite if you are a big spender etc.

Other countries have Visa Infinite which is a step above Signature and more in line with the World Elite MasterCard. You would think that the US would get Visa Infinite due to the larger number of wealthy people here and the fact that Americans are label whor*es and are materialistic.

agp
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Postby agp » Fri Aug 24, 2012 7:50 am

CC Deville wrote:but World Elite is better than Visa Signature


How so? And the Ameriprise card is offered by Barclays?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

Crashem
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Postby Crashem » Fri Aug 24, 2012 9:57 am

World elite pretty new to us. Equivalent to visa infinite which hasn't been released in us yet IMHO.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k


Crashem
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Postby Crashem » Fri Aug 24, 2012 9:58 am

Crashem wrote:World elite pretty new to us. Equivalent to visa infinite which hasn't been released in us yet IMHO.


Us=USA. Dang iPad formatting
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

CC Deville
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Postby CC Deville » Fri Aug 24, 2012 3:48 pm

agp wrote:How so? And the Ameriprise card is offered by Barclays?


From their website: The Ameriprise Financial MasterCard® credit cards are offered through Barclays Bank Delaware and issued by Ameriprise Bank, FSB

World Elite is MasterCard's attempt at luring Amex Centurian cardholders. It is pretty well regarded on the 'net that World Elite is a slight step above Visa Signature. Besides that, the fact that it is rarer and currently harder to obtain than Visa Signature is also speaking volumes. Geez.

cashnocredit
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Postby cashnocredit » Fri Sep 21, 2012 12:21 am

3 years ago I got a Citi secured. It went unsecured after 18 months. I recently did a PC to a World Elite card. No hard pull. No questions even. Just a "sure, no problem."

I wish everything was that simple.



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