topic Re: Am I the only one who dislikes my ZYNC? in Credit Cards

Am I the only one who dislikes my ZYNC?

ilovelisa — Thu, 27 Dec 2012 23:19:52 GMT

I find that I never use this card, because I get better rewards with my other cards. Then for AMEX to charge a $25 AF to only get 1 point per dollar. I will be canceling this one before the AF hits in September. Anybody else feel the same?

Re: Am I the only one who dislikes my ZYNC?

GoldenloveNY — Thu, 27 Dec 2012 23:35:21 GMT

To each its own. I personally like it (I love the look and the NPSL feature). If one does the small business Saturday credit each year, the annual fee is paid off. To be honest, the Amex Zync was my way in getting my foot in the door with Amex. My main goal is to hopefully get a BCP next June or September. For alot of people, the Zync was a easy entrance into Amex with the lowest AF possible, but their main objective was to get a BCE or BCP down the line, if they saw their credit was not creditworthly for those cards.

The ZYNC was geared towards the yonger crown, those who less than perfect credit, and as a very easy entrace level into the Amex family (they were even offering $200 or $500 hard limits....that should tell you how desperate Amex was in getting this card a more widespread attention...but it didn't worked in the end).

Re: Am I the only one who dislikes my ZYNC?

creditnocash — Thu, 27 Dec 2012 23:41:00 GMT

when i apped for my zync it was the last card on my "list" i guess you would say. it was meant for me to get my backdate with amex and the 25 af was better then the other cards.

first credit card opened 10-10-10 and my aaoa already dropped to under a year. going from 3 cards to 7

i have no problem using it since i treat it like a debit card.

on my debit card at the time i got 10cents per swipe.

so i just used my amex everywhere it was accepted.

but personally rewards wise its almost useless. (too me) i have about 2700 points sitting since aug 30th. and i have no idea what too use them for.

but the look is good and i can say i have/had my first amex (turned 21 in july) and my parents dont have cards with histories since we came to the states in 96 and my mom bkd in 04'

Re: Am I the only one who dislikes my ZYNC?

GoldenloveNY — Thu, 27 Dec 2012 23:53:09 GMT

creditnocash wrote:
when i apped for my zync it was the last card on my "list" i guess you would say. it was meant for me to get my backdate with amex and the 25 af was better then the other cards.
first credit card opened 10-10-10 and my aaoa already dropped to under a year. going from 3 cards to 7

i have no problem using it since i treat it like a debit card.
on my debit card at the time i got 10cents per swipe.

so i just used my amex everywhere it was accepted.
but personally rewards wise its almost useless. (too me) i have about 2700 points sitting since aug 30th. and i have no idea what too use them for.
but the look is good and i can say i have/had my first amex (turned 21 in july) and my parents dont have cards with histories since we came to the states in 96 and my mom bkd in 04'

The reward structure of Amex Zync is basically useless unless you transfer them into gift cards (where you shop the most). The only other possible redeeming possibilty will be through Amazon site if you are a book lover or buy most of your stuff in Amazon. Even though it's 0.70 cents per 1 point, Amazon still offer the lostest price on books compare to Barnesandnoble and the like. And they offer free shipping on alot of stuff.

On the other hand, the entire reward points system of Amex is useless unless you are a traveler (that's where their points really shine in their upper level charge cards). I honestly perfer cash back because at least you have a clear idea how much you are going to get back.

Re: Am I the only one who dislikes my ZYNC?

ilovelisa — Thu, 27 Dec 2012 23:50:31 GMT

When I first app'ed for the card, I was so excited that I got my first Amex, I used it everywhere, now it's in the sock drawer because it's hard to beat the rewards on my BankAmericard cash rewards, 3% on gas, and my local walmart counts as grocery so 2% there. I was thinking of apping for BCE in Sep, then closing the ZYNC.

Re: Am I the only one who dislikes my ZYNC?

creditnocash — Thu, 27 Dec 2012 23:55:43 GMT

im not trying to start a debate or anything but alot of people have said that they have been denied for another amex due to a zync card.

i actually well technically apped for a costco te when my mom and i opened our exec card and she took a pull but i didnt. she was denied due to zync being too new. (which at the time was like 3 weeks) but she also had high util and a bk reporting.

i might apply for giggles next week for the te or a bce just too get my score.

my amex scores have been 715 (credit secure) for 3+ months but when i called they said they dont even use those scores..... okay lol

the rep basically said the only way too know is to apply.

Re: Am I the only one who dislikes my ZYNC?

Smug — Thu, 27 Dec 2012 23:55:55 GMT

I also hated it I canceled it , You only have it less than a year. I'm really not impressed with American Express products I don't think I'll be getting another one.

Re: Am I the only one who dislikes my ZYNC?

GoldenloveNY — Fri, 28 Dec 2012 00:02:01 GMT

creditnocash wrote:
im not trying to start a debate or anything but alot of people have said that they have been denied for another amex due to a zync card.
i actually well technically apped for a costco te when my mom and i opened our exec card and she took a pull but i didnt. she was denied due to zync being too new. (which at the time was like 3 weeks) but she also had high util and a bk reporting.

i might apply for giggles next week for the te or a bce just too get my score.
my amex scores have been 715 (credit secure) for 3+ months but when i called they said they dont even use those scores..... okay lol
the rep basically said the only way too know is to apply.

If my memory served me correctly, these people had a hard limit version of the Zync card. The rumor is that if you have a hard limit Zync, Amex will deny any future credit applications (but one posted awhile back that he/she got a BCP even with a hard limit Zync).

Re: Am I the only one who dislikes my ZYNC?

ccnewcc — Fri, 28 Dec 2012 00:05:09 GMT

ilovelisa wrote:
I find that I never use this card, because I get better rewards with my other cards. Then for AMEX to charge a $25 AF to only get 1 point per dollar. I will be canceling this one before the AF hits in September. Anybody else feel the same?

The one thing i like about the zync is the color. lol!

Re: Am I the only one who dislikes my ZYNC?

ilovelisa — Fri, 28 Dec 2012 00:07:12 GMT

ccnewcc wrote:
ilovelisa wrote:
I find that I never use this card, because I get better rewards with my other cards. Then for AMEX to charge a $25 AF to only get 1 point per dollar. I will be canceling this one before the AF hits in September. Anybody else feel the same?
The one thing i like about the zync is the color. lol!

True lol, it does look pretty cool.

Re: Am I the only one who dislikes my ZYNC?

creditnocash — Fri, 28 Dec 2012 00:09:59 GMT

GoldenloveNY wrote:
creditnocash wrote:
im not trying to start a debate or anything but alot of people have said that they have been denied for another amex due to a zync card.
i actually well technically apped for a costco te when my mom and i opened our exec card and she took a pull but i didnt. she was denied due to zync being too new. (which at the time was like 3 weeks) but she also had high util and a bk reporting.

i might apply for giggles next week for the te or a bce just too get my score.
my amex scores have been 715 (credit secure) for 3+ months but when i called they said they dont even use those scores..... okay lol
the rep basically said the only way too know is to apply.
If my memory served me correctly, these people had a hard limit version of the Zync card. The rumor is that if you have a hard limit Zync, Amex will deny any future credit applications (but one posted awhile back that he/she got a BCP even with a hard limit Zync).

hmm well if they got a bcp with a hard limit zync id say that their credit reports have changed for the better. i dont plan on closing out my zync though before 2015 if i ever do.

i wonder if you app over the phone with a rep vs a online application it might be for the better? as i applied for my freedom via phone because i couldnt fit my best buy cc number for the balance transfer.... lol didnt even end up using the bt and just paid it off.

Re: Am I the only one who dislikes my ZYNC?

GoldenloveNY — Fri, 28 Dec 2012 00:15:38 GMT

Yea, the Zync looks cool (imo). I am still getting reactions from it. Now my response towards people asking if that's a new amex card is, "Yea, it was a new charge card from Amex that came out a while back, but it is no longer available to new clients. It was a available only for certain period of time, and to select individuals. It looks good, though right?".

Re: Am I the only one who dislikes my ZYNC?

tempusfugit123 — Fri, 28 Dec 2012 00:25:16 GMT

I absolutely hate my zync. I have the hard limit. But was surprised I was approved at the time.

Re: Am I the only one who dislikes my ZYNC?

creditnocash — Fri, 28 Dec 2012 00:27:00 GMT

GoldenloveNY wrote:
Yea, the Zync looks cool (imo). I am still getting reactions from it. Now my response towards people asking if that's a new amex card is, "Yea, it was a new charge card from Amex that came out a while back, but it is no longer available to new clients. It was a available only for certain period of time, and to select individuals. It looks good, though right?".

x2 i actually went to a liquor store of all places and the owner rang me through.

he said oo a white one whats this one do. and i was just like ohh just the usual stuff but you cant get this one anymore.

special invitation lol.

Re: Am I the only one who dislikes my ZYNC?

GoldenloveNY — Fri, 28 Dec 2012 00:56:54 GMT

creditnocash wrote:
GoldenloveNY wrote:
Yea, the Zync looks cool (imo). I am still getting reactions from it. Now my response towards people asking if that's a new amex card is, "Yea, it was a new charge card from Amex that came out a while back, but it is no longer available to new clients. It was a available only for certain period of time, and to select individuals. It looks good, though right?".
x2 i actually went to a liquor store of all places and the owner rang me through.
he said oo a white one whats this one do. and i was just like ohh just the usual stuff but you cant get this one anymore.
special invitation lol.

LOL.

Re: Am I the only one who dislikes my ZYNC?

pizzadude — Fri, 28 Dec 2012 04:16:00 GMT

Aside from the rewards structure, one reason why some people keep their Zync ( or other AMEX charge cards ) in use is that the balance is not included in FICO revolving utilization calculations, so you don't have to worry about paying the bill before the statement cuts.....

Re: Am I the only one who dislikes my ZYNC?

Revelate — Fri, 28 Dec 2012 04:19:09 GMT

GoldenloveNY wrote:
creditnocash wrote:
im not trying to start a debate or anything but alot of people have said that they have been denied for another amex due to a zync card.
i actually well technically apped for a costco te when my mom and i opened our exec card and she took a pull but i didnt. she was denied due to zync being too new. (which at the time was like 3 weeks) but she also had high util and a bk reporting.

i might apply for giggles next week for the te or a bce just too get my score.
my amex scores have been 715 (credit secure) for 3+ months but when i called they said they dont even use those scores..... okay lol
the rep basically said the only way too know is to apply.
If my memory served me correctly, these people had a hard limit version of the Zync card. The rumor is that if you have a hard limit Zync, Amex will deny any future credit applications (but one posted awhile back that he/she got a BCP even with a hard limit Zync).

If my memory is correct as well, this was the case for hard-limit Zyncs; however, it changed right around the time Amex was cancelling the card if I have the timeline right. Granted our information is anecdotal but the denials for hard-limit Zyncs were repeated and often, and while I take CSR's with a grain of salt, apparently even their Executive group stated it explicitly. That's close enough for confirmation for me between the two.

Edit and PS: I love the Zync, but I'm not in a credit strata where I can easily get better rewards anyway and gift certificates to restaurants I eat at anyway, no problem in terms of rewards for me. I've already more than made up the AF including the additional packs in the three months I've been using it.

Re: Am I the only one who dislikes my ZYNC?

pizzadude — Fri, 28 Dec 2012 15:28:54 GMT

Just to add to the discussion, I was approved for an AMEX green charge card a few months back whilst having a $200 Hard Limit Zync. So they didn't hold it against me. ;) YMMV

Re: Am I the only one who dislikes my ZYNC?

Repo-ed — Fri, 28 Dec 2012 15:54:20 GMT

my zync sees 99.9% of my charges, until i get either PRG or Plat, next month.

Re: Am I the only one who dislikes my ZYNC?

espnjunkie — Fri, 28 Dec 2012 15:58:26 GMT

Repo-ed wrote:
my zync sees 99.9% of my charges, until i get either PRG or Plat, next month.

I charge pretty much everything to my amex green card. You'll definitely want to convert those express points into full mr points eventually. With the frequent flyer transfer bonuses you can really rack up tons of miles quickly. British Airways frequently offers 30-50% bonuses when transferring.