visa signature credit card queries

POSTED BY rajarshi ray ON May 31, 2013 1:47 pm COMMENTS (5)

now a days every tom, dick, and harry is getting a platinum / titunium credit card. i am looking for a credit card which stands apart and evokes social image / prestige. at the same time it should be affordable also. 

 

 

 

1. is the visa signature card considered more expensive ( to get one ) / elite than titunium in the hierarchy of cards ( signature > titunium > platinum )? 

 

 

 

2. all those banks ( sbi, hdfc, icici…i don’t know the complete list ) offering visa signature – which one of them has got the most liberal / least stringent earning criteria? in other words, what should be the minimum annual income?

 

 

 

3. is mastercard world card a good alternative ( for the purpose of social image boosting ) / considered as more elite than titunium ones? if so, what should be the minimum annual income?

 

 

 

4. is it a good idea to upgrade gradually ( to reduce chances of rejection )? i hold a gold credit card at present. shall i go from gold to platinum to titunium to…?? 

 

 

 

i am surprised that hdfc wants the visa signature / mastercard world card holder to spend 50,000 rupees annually to waive the annual membership charges. 0.5 lakh being such a small amount i am guessing that hdfc won’t ask for high annual income – is it so? how much could it be??

 

 

 

thanks in advance.

5 replies on this article “visa signature credit card queries”

  1. rajarshi ray says:
    August 17, 2013 at 3:07 pm

    thanks.

    Reply
  2. Raj says:
    June 10, 2013 at 9:55 am

    Correction:

    For example if you spend around 50 lakhs you can accrue enough points to earn a free return trip from Mumbai to Los Angles in Singapore Airlines first class suite (ticket cost around 4.9 Lakhs)

    Reply
  3. Raj says:
    June 10, 2013 at 7:39 am

    You should really try AMEX Platinum, which is one single card considered truly elite card around the world – only caveat is it comes with Rs.50,000 but tons of benefits details here https://www.americanexpressindia.co.in/platinum.aspx

    If you are a high roller you should be able to make up annual fee from the membership rewards. For example if you spend around 5 lakhs you can accrue enough points to earn a free return trip from Mumbai to Los Angles in Singapore Airlines first class suite (ticket cost around 4.9 Lakhs)

    It is not a credit card but charge card means you cannot carry balance and need to pay entire balance off every month.

    Reply
  4. Ashish Garg says:
    May 31, 2013 at 2:25 pm

    Dear Rajarshi,

    This is interesting thought, I never thought about having a credit card for the purpose of image boosting. I have been using my credit card just to make my life easy while shopping, online purchases, dining, payments, tickets booking, petrol etc.

    Surprisingly none of the guys to whom I gave my card to swipe for payments is even aware of what social image I have with those cards be it, Sliver / gold / titanium / platinum or whatsoever.

    Ashish

    Reply
  5. Ashal Jauhari says:
    May 31, 2013 at 2:08 pm

    Dear Rajarshi, what’s there you can not do with your existing Gold card?

    Thanks

    Ashal

    Reply

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