Go Back   FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Credit Card Programs
Sign in using an external account

Reply
 
Thread Tools Search this Thread
Old Feb 28, 08, 7:33 pm   #1
 
Join Date: Feb 2008
Posts: 1
Visa Infinite card - U.S. ?

Hello,

Does anyone know why no U.S. bank offers the Visa Infinite card ? Visa just stated they support the Signature Card here but that does not seem to be of the same caliber as the Infinite card - which seems to be more along the AMEX Centurion level.

Also why have the largest U.S. banks chosen AMEX as their Premier cards ?

Ex. Bank of America - AMEX Accolades

Citi - AMEX Chairman


I'm surprised that there is not a luxury Visa since Visa is accepted at more places.

Thanks
Velocity is offline   Reply With Quote
Old Feb 28, 08, 7:44 pm   #2
mia
FlyerTalk Evangelist, Moderator: American Express, Diners Club
 
Join Date: Jun 2003
Location: Miami & London
Programs: AA 2MM Perpetual Platinum; HH & SPG Gold
Posts: 19,389
Quote:
Originally Posted by Velocity View Post
...why have the largest U.S. banks chosen AMEX as their Premier cards ?
Money. American Express merchant fees are higher than Mastercard or VISA (though not nearly as high as some on Flyertalk think) and this means Amex can give the issuing bank a higher percentage.

More Money. American Express won a large anti-trust judgement against the owners of Mastercard and VISA for illegally blocking American Express from issuing co-branded bank cards. Guess who the owners of Mastercard and VISA were? American Express then offered to waive the judgement amount for those banks which agreed to issue American Express network cards. Over time this will erode the acceptance advantage that Mastercard and VISA created.

Last edited by mia; Feb 29, 08 at 3:46 am..
mia is offline   Reply With Quote
Old Feb 29, 08, 8:01 am   #3
 
Join Date: Mar 2007
Programs: DL Plat, AA Plat, HH Diamond, Marriott Gold, SPG Gold, AMEX Plat, Merrill+, Citi AMEX Chairman
Posts: 463
Quote:
Originally Posted by Velocity View Post
Hello,

Does anyone know why no U.S. bank offers the Visa Infinite card ? Visa just stated they support the Signature Card here but that does not seem to be of the same caliber as the Infinite card - which seems to be more along the AMEX Centurion level.

Also why have the largest U.S. banks chosen AMEX as their Premier cards ?

Ex. Bank of America - AMEX Accolades

Citi - AMEX Chairman


I'm surprised that there is not a luxury Visa since Visa is accepted at more places.

Thanks

Visa Infinite is not like Centurion. There are exclusive versions of Visa Infinite in some countries offered by certain banks. Frankly, if you want to issue an exclusive card, it does not have to be "infinite", "signature", "world", "world premier". Exclusive means that the distribut'ion is LIMITED based upon membership, spending, income, or assets. It has nothing to do with the words on the card. How rmany Visa and MC really qualify?

Visa announced a new card called "Signature Premier" last year. Maybe one day it will really exist.
__________________
I am still awake, but not as late.
awake is offline   Reply With Quote
Old Mar 9, 08, 9:23 pm   #4
 
Join Date: Jun 2007
Posts: 291
I remember back in 2000 that National City Bank once issued the Visa Infinite card. In fact, a friend of mine was one of the people issued one by them. Sadly, when it came time for a new card three years later, the program was apparently dropped and he got a standard Visa Signature as a replacement.
alcathiax is offline   Reply With Quote
Reply

Bookmarks


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off
Forum Jump


All times are GMT -6. The time now is 12:06 am.




SEO by vBSEO ©2011, Crawlability, Inc.