My cold dead fingers, pry you must. (Attributed to Yoda talking about his Unicorn!!)
My AMEX Zync is backdated to 1993. That fact alone makes the $25 worth it. Business AMEX converts my linked points to more valueable MR points. ITS A UNICORN. Enough said.
@p- wrote:I'm keeping mine open because I see a value in having a NPSL line that doesn't figure into my utilization. I haven't found an NPSL card with a lower fee yet.
I use it for daily spending with the exception of Chase bonus categories. I still accrue enough rewards to offset the annual fee, plus if you watch your online portal, they have a rotating door of "offers for you." For example, a few months ago they had a "spend fifty get 25 back" on Olive Garden, which is a restaurant my wife and kids like and we visit once in a while. So I selected the offer, and about a month later when we went to OG, sure enough I got a 25 dollar credit. If you can snag just one of those per year it's a free card. The offers are always changing, and often include hotels as well.
The luxury of no limit spending and not having to pay before statement date to keep the utilization calc just right has value, as does having an American Express NPSL card on the report during manual review.
Of course, there is always the fun of flashing a weird card nobody has seen before with a fancy chip.
Mine is staying open.
I too am keeping mine for the same reasons, Its also the only "cult" im a part of lol, for $2 a month, which is less then I spend on dunkin donuts everyday, I will keep it and a NPSL is nice just in case. some people see no reason to keep, I really dont see any reason not to, thats just my opinion. hopefully they will resurect the card soon.
@bichonmom wrote:So while Amex is keeping current Zync accts open, there are no longer any rewards. Consequently, I haven't used the card in several months. It's $25 a year, so I'm thinking of cancelling it. (My renewal was in Feb, but I think I still might be able to cancel it.)I was wondering what others are doing.
On the plus side, it's helping my AAoA by 25 yrs. But that will remain for another 10 yrs after closing the acct anyway. I believe as a charge, it's not helping my util at all. So, while having a cool-looking, somewhat unique Amex is nice, I am seriously considering whether or not to keep it.
Any thoughts? I know a lot of people here got the Zync a couple of years back, so I'm curious what you guys are doing.
I once had great plans for the Zync card when they started product changing them last year. Unfortunately, I don't really utilize MR(E) points anymore since I have other rewards that better suit my needs. It grew onto me so much that I, like several others, decided to hold onto it because of its "cult" following. It was also my first AmEx, and I got it as a birthday gift to myself for my 20th birthday a few years ago.
Additionally, my Zync has always had an exposure limit several times my highest credit line, and that alone is enough to hold my interest. The annual fee is about the same as a plate at the Cheesecake Factory, so I don't mind paying it for the card.
Lastly, I really like the offers available for shopping and dining out that AmEx still makes available to Zync holders. Keep it!
Thanks for the replies! Some good points. I actually didn't realize that you could still get MR points with it. I thought they had discontinued all of the rewards associated with the card. I guess it was just the additional packs that they stopped issuing. Though the points aren't worth very much, at least it is something.
I do like having a unique Amex, but didn't know it had "cult" status. 
$25 a yr for the backdating is worth it alone; but any new Amex I were to get would do the same thing for me. I didn't think of PC-ing, but don't really want a high AF card, esp since I already have BCE.
Has anyone had any luck getting Amex to waive their AFs?