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Contributor
Pworld
Posts: 114
Registered: ‎12-29-2008
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Re: Amex charge: go for Gold or minimize risk?

If your approved for the Zync, you will probably be approved for any AMEX charge card. Income dependant. If you get approved for the zync, i would immediately app for Gold or PRG within minutes, Should only be one hard pull. It was for me when i did that :smileywink: Cancel the one you don't want, or keep both. 

2/2011=EQ: 590
11/2012=EQ: 683 (after 4 card app spree and reporting)
10/2013=EQ: 708 (reached my goal!! for 2013) EX(amex): 668 TU(Disc):680
Goal = 725 by 6/2014
Amex Zync/NPSL | Amex Green/NPSL | AMEX BCP/15k | Chase Freedom/2.2K | Best Buy/800 | Discover IT/6.4K | Citi HHonors Reserve/3K | Chase Hyatt/5k | Sapphire Preffered/9K
Frequent Contributor
jd5189
Posts: 470
Registered: ‎08-14-2012
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Re: Amex charge: go for Gold or minimize risk?

If you want the gold, then just app for the gold. 

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
Valued Contributor
jsucool76
Posts: 2,827
Registered: ‎12-11-2011
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Re: Amex charge: go for Gold or minimize risk?

Afaik green and gold have basically the same benefits, gold is just more expensive. The first real jump starts at PRG. If you want, i would app for zync and any otger card you want (if you want gold go for gold) and keep both. Zync AF is waived the first year (excluding packs) and then you can transfer MRe points from zync to gold and make them regular MR points. Then cancel whichever you dont want before next AF hits.
Wallet: Capital One Quicksilver 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 3000CL, Walmart Discover: 3500CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 2600CL, Bank Of America Student Travel Rewards: 2700CL, Amex PRG
Established Member
howardroark
Posts: 33
Registered: ‎08-23-2012
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Re: Amex charge: go for Gold or minimize risk?

Okay, so does it sound reasonable to app for Zync, and then immediately app for PRG?

Valued Contributor
jsucool76
Posts: 2,827
Registered: ‎12-11-2011
0

Re: Amex charge: go for Gold or minimize risk?


howardroark wrote:

Okay, so does it sound reasonable to app for Zync, and then immediately app for PRG?


If you're willing to take 2 HPs, yes. Although if you app zync first I don't think you'll get the PRG signup bonus. "Welcome bonus offer not available to applicants who have had this product within the last 12 months or any other Consumer ZYNC®, Green or Gold Card or Platinum Card® account within the last 90 days."

 

 

Wallet: Capital One Quicksilver 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 3000CL, Walmart Discover: 3500CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 2600CL, Bank Of America Student Travel Rewards: 2700CL, Amex PRG
Moderator
Revelate
Posts: 8,871
Registered: ‎12-30-2011
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Re: Amex charge: go for Gold or minimize risk?

Zync has a different product designation as well as more lenient underwriting guidelines.  That's one of the reasons you can't PC between a ZYNC to another card, unless you were originally at the higher tier card to begin with.

 

I don't think you can get a Green / Gold / etc with only six months history assuming you don't have any other tradelines or extremely high, and documentable, income.

 

To the OP: if you're qualified on the pre-selector site for a Green, you can pick any of the charge cards and be OK; it's just whether your spend justifies the higher AF for better rewards on the higher tier cards or not.

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Regular Contributor
tylaw13
Posts: 173
Registered: ‎06-28-2012
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Re: Amex charge: go for Gold or minimize risk?

I say app right now! I am in the same situation right now. I would like to see what happens to you so go for it right now hahaha.

EQ FICO - 725 (9/11/13) TU FICO - 724 (6/27/13) EX FICO (6/30/13) 755 AMEX
Im my wallet - Cap1 Platinum MC(2000) Chase Freedom(1500) AMEX BCE (7000) Discover IT (8000) CSP (15000) Cal Coast CU (8000)
Established Member
howardroark
Posts: 33
Registered: ‎08-23-2012
0

Re: Amex charge: go for Gold or minimize risk?

My application was "cancelled." Apparently it has not been enough time since my last application? I tried applying and they've "cancelled the duplicate request." 

Valued Contributor
jsucool76
Posts: 2,827
Registered: ‎12-11-2011
0

Re: Amex charge: go for Gold or minimize risk?


howardroark wrote:

My application was "cancelled." Apparently it has not been enough time since my last application? I tried applying and they've "cancelled the duplicate request." 


You have to wait either 30 or 60 days since any denial with them, can't remember which. 

Wallet: Capital One Quicksilver 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 3000CL, Walmart Discover: 3500CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 2600CL, Bank Of America Student Travel Rewards: 2700CL, Amex PRG
Established Member
howardroark
Posts: 33
Registered: ‎08-23-2012
0

Re: Amex charge: go for Gold or minimize risk?

I thought it was 30...


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