all good man we'll chalk it up to poor wording/miscommunicationefrant wrote: ↑ In the post you quoted, I obviously left out the "WE" before the "MC". That was a mistake on my part, yes. I think it's pretty obvious that all credit cards have a minimum limit of >$0, and that was talking about WE (or World) cards.
I'm not posting solely to have a discussion with you. I'm legitimately trying to learn at what credit limit does my card go from a WE to a non-WE, which, for me (and I would assume many other folk) is what I term "the minimum CL for a WE MC". Maybe that isn't the correct wording, but I hope you understand what I am trying to figure out. If you say that limit exists and it varies by FI, then what are those limits by FI? I have yet to see anyone post that their MC went from a WE to a World or Platinum card because they went below a certain credit limit. It's those limits that I'm interested it (and it's those limits that I consider a minimum), whether or not that is the "proper" terminology or not.
If an issuer has a minimum limit on all cards of $1k, then obviously the WE MC would have that as a minimum limit as well, no? Maybe you would call that a minimum credit for a WE MC (which is factually correct), but I would not call that a minimum limit for a WE card, because that would be misleading -- because that limit has nothing to do with the card being a WE card. I has to do with the issuer's limits on all cards.
The ATB card is likely an exception from what I've gathered so far, and as I said, I stand corrected on that one: there is at least one card that has a minimum CL for a WE card (the way I described what I mean by "minimum CL for a WE MC" above, which may not be consistent with what you see it as).
Again, all I'm trying to figure out is: below what CL does a WE MC get downgraded? My terms and wording may have made it unclear, but I think it's pretty straightforward. But if I'm not intellectually honest enough for you to share your information with, then no worries. Hopefully someone else will be able to answer my questions.
so thus far we've determined there are minimum limits for virtually all mc products and these limits vary by fi
the question now is do they vary by cc or is atb the one exception to the rule
the answer is, again, it depends on fi
as i said at the very beginning, some mc world & world elite cards are 5k minimum; the fis that have these set minimums have lesser products with lesser limits
namely you have:
- nbc w their world & we at 5k and non-we at 1k or 500 depending on card
- atb w their world* & we at 5k and non-we at idk, prolly 1k or 500
- cibc* w their world & we at 5k and non-we at 500
* historical/grandfathered
by no means a complete list, for instance idk about chase sears when they were in the mix
hope that helps