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GEORGE · #1 (**permalink**) 08.04.2003, 08:12

VISA Benefits (8/4/03)

FULL STORY:

Starting next March, all U.S.
consumers who hold VISA
cards will automatically
receive "Auto Rental
Insurance" coverage, a
benefit currently available
only on "Gold" and
"Platinum" VISA cards.
Therefore, an additional 110
million VISA cardholders,
and more than 240 million in
total, will benefit from the
VISA-provided insurance
coverage in 2004. The
change is part of VISA's
decision to merge its
"Classic," "Gold," and "Platinum" cards into one consumer credit card platform governed
by one set of operating rules. The move will give VISA issuers complete power over
how to jazz up their VISA credit card offerings. The merger of the products will also
give issuers the advantage of not having to change card numbers, or BINs, whenever
upgrading a customer's card. VISA will continue to offer its issuers a menu of 16
managed enhancements. The differences between the various VISA consumer card
products have become more blurred over the past three years as some sub-prime
issuers, such as Capital One, now offer "Platinum" cards with $300 credit lines. During
the 1990s, "Gold" and "Platinum" VISA cards generally carried a minimum credit line
requirement of $5,000. As a result, the penetration of "Platinum" cards in the USA has
now reached 62 million households, nearly 60% of all households. MBNA and First USA
pioneered the "Platinum" cards among VISA and MasterCard issuers in 1996.

www.cardtrak.com

I HOPE YOU ARE THRILLED...I KNOW I AM...

I'M SITTING ON PINS AND NEEDLES WAITING FOR MARCH 2004!!!!

:)

GEORGE · #2 (**permalink**) 08.04.2003, 08:19

I LIKE THIS PART---->The differences between the various VISA consumer card products have become more blurred over the past three years as some sub-prime issuers, such as Capital One, now offer "Platinum" cards with $300 credit lines. During the 1990s, "Gold" and "Platinum" VISA cards generally carried a minimum credit line requirement of $5,000.

THEY CALL CAPITAL ONE A "SUB-PRIME" ISSUER SINCE THEY GIVE OUT $300 PLATINUM CARDS...AND HAVE A LARGE "SUB-PRIME" PORTFOLIO...

...BUT they do have MANY "PRIME" CUSTOMERS!!!

Mirage · #3 (**permalink**) 08.04.2003, 08:39

I must be a Cap 1 sub-sub- prime customer as I have never even received an offer for the Cap 1 $300.00 cl Plat. card. Still stuck with the green marble design the one that everyone knows is the Cap 1 sub-prime card. Feels good to finally sock draw this one. 8-)

Best regards,
Mirage