Reply
Blogger
HiLine
Posts: 2,836
Registered: ‎10-19-2012

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

Wait. A NPSL card can have a spending limit? Am I the only one who finds this counter-intuitive? 

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

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


HiLine wrote:

Wait. A NPSL card can have a spending limit? Am I the only one who finds this counter-intuitive? 


they do have a limit but it depends per person.

 

a no-pre set limit but there is a limit 

if its 2k or 10k you have to pay it off the next month otherwise theyll close the account. 

it limits their liablility. 

of course if you charge 10k a month and pif for 6 months youll probably be able to charge more then the average person. 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Blogger
HiLine
Posts: 2,836
Registered: ‎10-19-2012

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

Thanks for the clarification. I actually never thought deeply about the meaning of the card type's name. I guess it literally means there is no pre-set spending limit, but implies that there is a variable spending limit. This is very different from no limit at all, which is what I used to associate Amex's charge cards with. How naive of me. :smileyhappy:

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

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


HiLine wrote:

Thanks for the clarification. I actually never thought deeply about the meaning of the card type's name. I guess it literally means there is no pre-set spending limit, but implies that there is a variable spending limit. This is very different from no limit at all, which is what I used to associate Amex's charge cards with. How naive of me. :smileyhappy:


lol like in the old movies when peopled used their amex's to buy private jets :smileywink:

 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

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


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. 


This is likely the reason. I apped for Costco with a 9-yr old BK on my cr and was denied because of the bk.

 

a couple of years later, I  apped for Zync first and Costco later the same day. I was approved for both. I haven't heard of someone not getting Amex  because they have Zync. So many people here have used zync as their first Amex card. The only thing I've read is that the hard-limit cards haven't gone to NPSL But I believe I've even read a post a while back where someone who couldn't get their hard limit to go to NPSL apped and was approved for another Amex. 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

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

I've been very disappointed in the rewards, too. I got the Connect pack and am barely (if at all) going to break even for the $15 it cost me. I put monthly Internet/phone, Dish, and cell on it. That's it. I will have had the card a year in feb and have gotten zero back from the card. There is a rewards balance, but I don't have enough to even get a $25 gift card! 

 

for rewards, it's just not worth my using it. And the due date is sooner than with a credit card, so it doesn't even give the buffer you'd get using their revolvers. Both of my Amex stmt dates are the same, but my Zync is due about 10 days earlier. It says something like, please pay by... But still, it's a due date. 

 

The only value of the card for me is the backdating, if it weren't for that, I'd cancel it.

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

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


bichonmom wrote:

I've been very disappointed in the rewards, too. I got the Connect pack and am barely (if at all) going to break even for the $15 it cost me. I put monthly Internet/phone, Dish, and cell on it. That's it. I will have had the card a year in feb and have gotten zero back from the card. There is a rewards balance, but I don't have enough to even get a $25 gift card! 

 

for rewards, it's just not worth my using it. And the due date is sooner than with a credit card, so it doesn't even give the buffer you'd get using their revolvers. Both of my Amex stmt dates are the same, but my Zync is due about 10 days earlier. It says something like, please pay by... But still, it's a due date. 

 

The only value of the card for me is the backdating, if it weren't for that, I'd cancel it.

 


i agree completely. 

i only added the free packs... actually like a few days before you couldnt anymore. 

 

as for the backdating still reports good for 10 years =) 

 

due date. my statement closes the 28th and says pay by the 15th. its the same every month.

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012

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

im closing mine as soon as I'm approved for the PRG or plat next week. but in 6 mos., i have accumulated 15k points, which i will convert to full MR points.
Frequent Contributor
Sweets8E
Posts: 262
Registered: ‎03-07-2009

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

I don't dislike my Zync, I just don't use it as much anymore. It was my first Amex card and when I was traveling for work like every other week last year and the first part of this year, it was my saving grace because I had toy credit card limits. I was able to accumulate a significant amount of points just off of airline tickets, hotel stays, and rental car costs. Now that I don't have to travel as much anymore, I only run a $70 charge through it monthly just to keep it active. I got the PRG Amex last month, but now that my job has required us all to get Corporate Amex cards to run all travel expenses through, it feels like the upgrade was a waste.


Starting Score: 686 TU / 683 EQ 01/17/2013
Current Score: 703 TU / 691 EQ 10/04/2013 / 688 EX 11/12/2013
Goal Score: 700 across all three


Take the FICO Fitness Challenge
Frequent Contributor
ilovelisa
Posts: 373
Registered: ‎12-07-2012

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

Am I still one of the few who dislikes this card, or are there others now since they canceled the packs?


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+