Hilton Hhonors (Sig.?) Visa appr'd

Hi all,

I just found out that I was approved for the Hilton Hhonors card with a $5K credit line after applying for the Hilton Hhonors Signature Visa last week. They pulled TU and my TU consumer score last week was 732.

Here's my question:


Is there anyone here who has the "signature" Visa but also has a defined credit limit? Customer service says that some Signature Visa members may get preset credit lines (as in my case at $5K), although the website says that the Sig. Visa has no preset limit. They told me that they didn't know exactly what kind of card I had yet, but that it was definitely Hilton Hhonors and I would get my 10,000 bonus points. The terms and conditions of the website don't say "you'll be considered for a different card" though it does say that "some credit lines will be as low as $500" (those can't be signature cards, can they?...)


I would love to have the signature card (for the related travel benefits) but just wanted to know if anyone had ever gotten it with a set credit line.


BTW - for Citi burners - Citibank USA does not use the same credit database that Citibank does, as my previous Citibank history did not even come up.


http://www.hhonorscard.com/



Thanks in advance,

 

Thanks, the other and Jason for the explanations. I do understand that any balance over their "internal" non-preset limit - lol! - is due in full by the next billing cycle. The lady seemed to indicate that I didn't even have the choice to revolve above $5K. I'll update when I get the card, though.


I don't need the "no pre-set limit" but I do want the Signature benefits.

Thanks, Jason. My terms (for the card I applied for) are:

(APR) for purchases introductory 0% for the first six months ... after that, 12.74%. Balance transfer APR: introductory 9.99% for the first six months ... after that, 12.74%. Cash advance APR: 19.99% ... Default APR: 19.74%. The rate for purchases and balance transfers is determined monthly by adding 7.99% to the Prime Rate.

Grace Period for Repayment of Balance for Purchases 20 - 25 days if you pay your balance in full by the due date. Method of computing the balance for purchases Average Daily Balance (including new purchases). Annual Fees None. Minimum Finance Charge $1.00 . Transaction fee for Cash Advances: 3% of the amount of each cash advance, but not less than $5. Late fee:$29


I don't know if there is a BT fee, but I plan to talk them down from P+7.99% and see if I can up my cl to $8K.

 

I checked my TU report today and the inquiry for Citibank USA is "Citibank SD, N.A." which used to be the exact inquiry match for Citibank. Now, all of the Citibank inquiries read "Citi Cards CBSDNA". I noticed this change after they started reporting again.


So, I have no clue if Citibank's credit dept is analyzing the Citibank USA applications. If they are - it is a miracle that I was approved for this card.

 

You're welcome, Jason. I will update you on my exact terms, benefits, and negotiations wrt purchase apr when I get the card. It would be nice to have P+0.9%. I think "sam" is the expert in that department with Citibank, though.

I still don't qualify for Citibank retention. :-(

 

Thanks, Gordon, for the info. I don't need the "no preset limit" thing but I am not tying to give up Hilton points.


Also, I want to use C2it.Com and use this CitiUSA card to "purchase" a balance from my Citibank card.

If I can do that, and the transactions register as purchases, then I will hopefully acquire some Hilton points in the process.

 

Update:


I got the "Visa Signature" Card at a "go to" of prime + 7.99 (uuggghhhh...). Customer service said that I cannot reduce the go to rate period. That P+7.99 is the assigned apr on their cards and there is no reduction possible.


Is that true, guys? What are your purchase aprs?



I definitely like the signature benefits and the Hilton points.