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Hi Everyone,
I just got an AMEX Zync (June 1st) and have been using it a lot more than I expected. It has pretty much taken the place of my debit card and I even used it to make the down payment on my new car (got to love free points). I would, however, like to get a PRG or Green in about 6 months to take advantage of MR points. My question is do you think the $175 AF is worth the extra points? Right now I average about 2k a month through my Zync (4k in July with the down payment). My other 2 cards are a Barclays Apple Financing card which is strictly used for 0% Apple offers and a Cap1 platinum rewards which has been sock drawered since they won't give me a CLI. My EX FICO is 706 XQ 698 and TU 725. My UTL is currently at 9% and my only baddie is a CO that should not be on there from a Utility company. It is unpayed as I am trying to PFD with them.
Thanks in advance for your help!
I think PRG is worth it if you travel a lot.
Ron.
I take many small trips for LA to Vegas and Laughlin throughout the year, but I don't fly. I also take one trip for a week every year and that one I always fly. Do you think that is enough travel to justify the PRG? Also, should I wait until Jan to apply or does it not matter?
@awall41 wrote:I take many small trips for LA to Vegas and Laughlin throughout the year, but I don't fly. I also take one trip for a week every year and that one I always fly. Do you think that is enough travel to justify the PRG? Also, should I wait until Jan to apply or does it not matter?
I only fly to LA twice a year. I don't fly too many times either. I use the card for car rental and hotel. The card saved me a couple of times during emergency. I don't think Amex Zync will give you the spending power. I left my Amex Zync at how when I travelled to LA. I think you should wait at least six months to apply for another card.
Ron.
Unless you are spending TONS per month on airline tickets then the green is probably better for you. You get the full MR points, NPSL and only a 95.00 AF instead of a 175.00 AF. Actually for what it is the PRG is not that great of a card to be honest. The AF is sky high for the benefits you get. If you book your airline travel through the Amex website you end up getting 2X points anyway.
@espnjunkie wrote:Unless you are spending TONS per month on airline tickets then the green is probably better for you. You get the full MR points, NPSL and only a 95.00 AF instead of a 175.00 AF. Actually for what it is the PRG is not that great of a card to be honest. The AF is sky high for the benefits you get. If you book your airline travel through the Amex website you end up getting 2X points anyway.
+1
In my view, the PR Gold is worth only if you spend mostly on airfare and at least $30k to qualify for the 15k bonus. Otherwise, the Green would the better option here.
Thanks everyone.
Also, I just got my Zync and I heard some people say to pay before the statement cut date (like on a regular CC) and some say just to pay by the due date becuase it doesn't post your balance to the CRA. Can someone clarify this for me
@awall41 wrote:Thanks everyone.
Also, I just got my Zync and I heard some people say to pay before the statement cut date (like on a regular CC) and some say just to pay by the due date becuase it doesn't post your balance to the CRA. Can someone clarify this for me
It does post your balance; it does not get factored in the revolving utilization metric under either FICO '04 or FICO '08 models.
Ergo, if you think your lender is using a '98 FICO (reportedly NFCU and possibly a few other lenders, or pulling your TU report from here), pay before the statement date just like every other card. Beyond that though, it doesn't really matter.