Benefits of Premium processing! faster 140 or 485?

cog

Registered Users (C)
I want to know how does premium processing help. I had filed my case under Schedule A category (Nurse & Physical Therapist). Now since the allocated 50,000 numbers are reaching their limit, I am checking my options. If I premium process my case, would I

1) get faster decision on I-140 and I-485 both -OR- just I-140
2) if the answer to question #1 is "JUST I-140", then would it matter when 50,000 limit is reached? would that affect my visa (assuming I have got I-140 approved through premium processing but I-485 is under processing when the limit is reached!)

I overall want to know how premium processing help and which application this 50,000 limit apply (I-140, I-1485 or both).

I apologize for my ignorance here. Everyone keeps talking about Premium Processing but i am sure a lot of people would be intersted in knowing the difference between "visa numbers" Vs. I-140 approval Vs..... etc.

Thanks,
CoG
 
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