Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 249
Registered: ‎07-21-2011
0

Amex Zync Approval!

Decided to pull the trigger with Amex Zync and was instantly approved! Even with a 30 day late from Dec 2010 still showing on EX! I had a Chase account for 5 years that was closed by the bank in July 2010 - that was the one with the 30 day late. Started rebuilding my credit with a Cap 1 $500 No Hassle Rewards card with a $39AF - opened in July of this year. I have a fairly decent salary ($50K/year). EQ score (with the 30 day late deleted) is 774. TU and EX, as far as I know from the CMS I use, are still showing the 30 day late. EX FAKO (Credit Sesame) is at 723. 

 

I've heard some people on this forum say that the Zync is somehow a subprime card, but I'm happy with it for now just to get my foot in the door with prime banks. 

 

BTW, right before I applied I tried the pre-approval offers and got the old "sorry we can't find any offers for you". Proves that even if you get that message you can still be approved!


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


Take the FICO Fitness Challenge
Valued Member
Posts: 35
Registered: ‎06-07-2008
0

Re: Amex Zync Approval!

Congrats!

 

How anyone could view a product from AMEX as being subprime is simply beyond senseless!  When I began seeking credit, Amex was the only creditor that did not view me the way others did. This persisted some agonizingly 15yrs! Even with several five digit CL from other prime lenders, both my Plat y Zync are prized more.

 

IME, people who know a little something about fiscal responsibility and banking would hardly ever trivialize any Amex product! 

Regular Contributor
Posts: 249
Registered: ‎07-21-2011
0

Re: Amex Zync Approval!

Thank you! 

 

I've heard that Amex is very good to you if you are good to them, so I'm looking forward to establishing a relationship with them! Also looking forward to whipping out that shiny white card! lol It has to be the coolest "default" design of any card out there! 


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: Amex Zync Approval!

congrats they still wont let me into the club although i do carry an amex card thru my company but perhaps one day i will have a personal card

Valued Contributor
Posts: 1,346
Registered: ‎04-15-2011
0

Re: Amex Zync Approval!


jla84 wrote:

Decided to pull the trigger with Amex Zync and was instantly approved! Even with a 30 day late from Dec 2010 still showing on EX! I had a Chase account for 5 years that was closed by the bank in July 2010 - that was the one with the 30 day late. Started rebuilding my credit with a Cap 1 $500 No Hassle Rewards card with a $39AF - opened in July of this year. I have a fairly decent salary ($50K/year). EQ score (with the 30 day late deleted) is 774. TU and EX, as far as I know from the CMS I use, are still showing the 30 day late. EX FAKO (Credit Sesame) is at 723. 

 

I've heard some people on this forum say that the Zync is somehow a subprime card, but I'm happy with it for now just to get my foot in the door with prime banks. 

 

BTW, right before I applied I tried the pre-approval offers and got the old "sorry we can't find any offers for you". Proves that even if you get that message you can still be approved!


Congrats!  When others mention Zync being a "somehow" (however they phrase it) subprime card, it's not,  it's really just the entry level product for AMEX, if it has a hard limit (explained elsewhere on the forums), that's  just training wheels until they see how you treat them.   It's true that AMEX can be fickle (they have their own in-house scoring system which often comes across as a "luck of the draw" type thing),  but they (like ClownFico mentioned) are hardly subprime no matter what product they issue you.  BTW, knowing they can be fickle is why I don't tickle that "check your spending limit" button on their site. 

Member
Posts: 12
Registered: ‎10-02-2010
0

Re: Amex Zync Approval!

Congrats on the Zync!  I love mine.  I have only checked my spending limit twice on it.  It said approved when I put in 3k, no need for me to test it any further.

Regular Contributor
Posts: 249
Registered: ‎07-21-2011
0

Re: Amex Zync Approval!


RyVision wrote:

jla84 wrote:

Decided to pull the trigger with Amex Zync and was instantly approved! Even with a 30 day late from Dec 2010 still showing on EX! I had a Chase account for 5 years that was closed by the bank in July 2010 - that was the one with the 30 day late. Started rebuilding my credit with a Cap 1 $500 No Hassle Rewards card with a $39AF - opened in July of this year. I have a fairly decent salary ($50K/year). EQ score (with the 30 day late deleted) is 774. TU and EX, as far as I know from the CMS I use, are still showing the 30 day late. EX FAKO (Credit Sesame) is at 723. 

 

I've heard some people on this forum say that the Zync is somehow a subprime card, but I'm happy with it for now just to get my foot in the door with prime banks. 

 

BTW, right before I applied I tried the pre-approval offers and got the old "sorry we can't find any offers for you". Proves that even if you get that message you can still be approved!


Congrats!  When others mention Zync being a "somehow" (however they phrase it) subprime card, it's not,  it's really just the entry level product for AMEX, if it has a hard limit (explained elsewhere on the forums), that's  just training wheels until they see how you treat them.   It's true that AMEX can be fickle (they have their own in-house scoring system which often comes across as a "luck of the draw" type thing),  but they (like ClownFico mentioned) are hardly subprime no matter what product they issue you.  BTW, knowing they can be fickle is why I don't tickle that "check your spending limit" button on their site. 


Thanks for the advice! I'll be sure to limit how many times I check my spending ability. As long as it's over $1000 for now I'm fine with it. My only other open card is a crappy Cap 1 $500 CL. Smiley Sad


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


Take the FICO Fitness Challenge
Super Contributor
Posts: 6,676
Registered: ‎04-07-2008
0

Re: Amex Zync Approval!

Congrats !!

 

I got my Zync recently ad as others said it's your foot in the door and by no means is this card subprime; it's entry level.

 

Just keep away from checking your spending limits. If you read around here you will read about FR's.




Valued Contributor
Posts: 1,346
Registered: ‎04-15-2011
0

Re: Amex Zync Approval!


jla84 wrote:


Thanks for the advice! I'll be sure to limit how many times I check my spending ability. As long as it's over $1000 for now I'm fine with it. My only other open card is a crappy Cap 1 $500 CL. Smiley Sad



From what I've read around here (the forums here are a wealth of info), if you decide to check your spending limit, you might want to wait until you're actually planning on following through with the purchase. Not just to find out the limit.  AMEX Z is not Cap 1.  Once you have the card and you go online and it says "no pre-set limit" on your page, you can be 99% sure you don't have $1000 cap on your card.

 

A lot of us have stated (we're older, wiser and have heard the tales, ok, I just like to say we're older and wiser LOL) we avoid that button or anything that might attract the attention of AMEX. They are fickle (I love how one member says it's a card with PMS, I will not argue that at all lol) and they're a bank, they're not a friend, and they will watch you for the first few months, and if they see anything that trips their "FR" trigger, they'll do it and it's a waste of your time and money, plus it locks up your AMEX while info is gathered and reviewed. I think you mentioned your report wasn't spotless, I wouldn't touch that check limit button after getting anything with AMEX with a less than perfect report. Mine are all clean (spotless now, I had one stain lol), with a fair score on EX, I won't touch that button, I'll just use the card (eventually I think, at least once in a while Smiley Very Happy)

Regular Contributor
Posts: 249
Registered: ‎07-21-2011
0

Re: Amex Zync Approval!

Thanks. I'm reading up on posts about the check spending ability and F/R right now. I am planning on putting a Macbook Pro on this card in Dec. Probably around $1500. Do you think it's better to call them instead of just hitting the online check spending ability? In my mind it seems better to talk to an actual person and explain what I am buying and showing that I am a responsible member alerting them that there will be an unusual purchase soon, but who knows what Amex thinks. Smiley Wink


Starting Score (07/2011): EQ 706 TU 709
Current Score (6/2013): EQ 740 TU 732 EX 740
Goal Score: 750+ on all 3


Take the FICO Fitness Challenge

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.