10-04-2011 12:05 PM
After bearing down and getting serious took care of business since January of this year. Today as 6 inquiries fell of EXP (2years old) i went ahead and tried to get my foot in the door with AMEX via the Zync card. Instantly approved with an income of 44k and about 11% utilization on both TU and EQ. Oldest revolving acct at 8mos old. I have 0 negative items reporting on any of the bureaus, but short history a.k.a. thin file with 8 other accts all in good standing. Now I can take a deep breath and join all of you "gardeners" TU(myfico) 668 EQ (myfico)650 EX (678) FICO lender pull in August .
Not sure if one would consider this a true prime card or not ? To me it could not be any more prime -- as two years ago I couldnt buy a bicycle with 90% down ..
10-04-2011 12:18 PM
Congrats on the Zync approval, you will def love it!
In regards to it being a prime card, I guess it will depend on who you ask, but im my opinion, as I stated in other threads, I couldn't agree more that it is. Although it may be one of Amex's easier cards to get approved for, I don't know how much easier than any of there other charge products to attain. You get the same benefits, security, and customer service as any other their other cards, so that makes it prime to me!
You'll also feel prime using it around town as not many people have seen it, and it always seems to strike up a great conversation about what exactly it is.
Congrats again, and let us know how you like it once you get it.
10-04-2011 02:29 PM
Congrats and welcome to Club AMEX
Any AMEX is considered a prime card. I surely understand the happiness to have a prime card (even though it's a charge card). But getting your foot in the door with AMEX, garden for 12 months then try for a credit card with them). You treat them well, they will treat you good.
Add some eco packs to your Zync; well worth it. Some are free and some are paid. Also check out the membership reward site for AMEX, Some online stores are eligible for up to 6X points per dollar spent.
10-04-2011 03:14 PM
Sounds like you really got serious to go from what you imply 2 years ago to getting ANYTHING from AMEX, good work
As far as Zync being subprime? No, it's entry level AMEX, kind of like Lexus, BMW and Mercedes have entry level models (so do Caddy and Lincoln, I can't leave out my country's high enders). Few people consider any of those names "subprime"
Keep up the good work and you'll probably be announcing your PenFed approval in the future (what can I say, from what I hear PenFed is kind of the Rolls these days LOL)
The Zync is an attractive card in person isn't it (I think more so than my old green was), like a diamond in your wallet. Well, if you haven't got it in the mail yet, you'll see what I mean soon.
10-04-2011 04:36 PM
It's white and two times so far using it, the waitress asked me what kind of AMEX it was. I was surprised since, I would think a lot of younger people would have the Zync.
To the previou posters point, it;s the entry level AMEX on the charge card end (highest being platinum or the Black card?)
But its a great feeling. For me AMEX was good for backdating. Hopefully once it reports, i get a good boost. But in any case, be good to AMEX
10-05-2011 08:50 AM
Thanks for the positive replies and advice how to get the most out of the Amex card. This forum has been so instrumental in my successes to date. I would have had NO IDEA how to get my credit back on-line in a fairly short amount of time. To the "rebuilding credit" posters a hearty thank you and I hope that those with the knowledge share with the less "in the loop" and newcomers as I will share my expereience in the ever-evolving world of credit...again thanks
10-05-2011 09:30 AM
Awesome work!!!! I dream of joining the Amex family myself one day. Thanks for the hope! If you got 6 baddies removed, I can get my three remaining baddies removed as well.
10-05-2011 12:30 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.