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New Member
Posts: 10
Registered: ‎08-18-2011
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Amex zync??

What do you guys think about the card? Looking to apply for one. Also I only have one credit card(never late).
Established Contributor
Posts: 768
Registered: ‎04-08-2011
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Re: Amex zync??

I think if you don't think you would be approved for other AMEX cards, Zync is a great card to get you in the door with AMEX. Otherwise, the rewards aren't that great.


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Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
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Re: Amex zync??

Reward ---> Lame

 

Build history ---> Sure, why not?

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
Posts: 399
Registered: ‎08-02-2011
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Re: Amex zync??

Agreed the rewards structure is really screwy with all the packs, plus the points are Membership Rewards Express points which are not as good as what you get with the other charge cards.

 

AmEx Rewards Tiers

 

Have you considered the green or gold? People on here get surprised all the time by getting approved for them.


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Frequent Contributor
Posts: 387
Registered: ‎08-25-2011
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Re: Amex zync??

My daughter has the Zync card. It is great for her. She is a 19 year old college student. The yearly fee is low which is a big plus for a college student. She did not add any special packs, so she pays the $25 annual fee (first year waived, of course). It is a good way to build a relationship with AMEX and have a basic charge card with a low annual fee.

She has 2 student CC and one store card. The AMEX card rounds her profile out nicely. She never carries a balance on any card. PIF every month.

 

The plan is to let the cards age now for at least 2 years. She has Cap1 and Citi. She will be able to grow with Citi. Hopefully in 2 years she can dump the Cap1 and get a Chase Freedom for the rewards. 

 

I would recommend the Zync card. She only had one card when she was approved for Zync. She had a 6 month credit history at the time of application. Her history is still "thin". 

Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
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Re: Amex zync??


raenys wrote:

My daughter has the Zync card. It is great for her. She is a 19 year old college student. The yearly fee is low which is a big plus for a college student. She did not add any special packs, so she pays the $25 annual fee (first year waived, of course). It is a good way to build a relationship with AMEX and have a basic charge card with a low annual fee.

She has 2 student CC and one store card. The AMEX card rounds her profile out nicely. She never carries a balance on any card. PIF every month.

 

The plan is to let the cards age now for at least 2 years. She has Cap1 and Citi. She will be able to grow with Citi. Hopefully in 2 years she can dump the Cap1 and get a Chase Freedom for the rewards. 

 

I would recommend the Zync card. She only had one card when she was approved for Zync. She had a 6 month credit history at the time of application. Her history is still "thin". 


Did she get a special offer? Cause when I apped mine it AMEX does not offer first year free.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
Posts: 387
Registered: ‎08-25-2011
0

Re: Amex zync??

Actually you are right!  Sorry fro the confusion. The $25.00 was not waived the first year on ZYNC. My mistake. The fee was waived on my Gold Card.

Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
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Re: Amex zync??


trumpet-205 wrote:

Reward ---> Lame

 

Build history ---> Sure, why not?


+1

 

Good Card to get in the door with AmEx.


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Regular Contributor
Posts: 130
Registered: ‎01-11-2011
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Re: Amex zync??

I was approved for the Zync when I only had 6 months of (my) credit history, so you should be easily approved regardless of your social class, income, ect ect. The rewards aren't the best, but honestly the rewards ON ANY card are neglible, so why even bother? Credit cards were meant to be used as a convience to the consumer, not another CD account/MMA/savings account.

Senior Contributor
Posts: 3,070
Registered: ‎11-02-2009
0

Re: Amex zync??

The rewards on Zync can be fairly good if you don't redeem them.  The gift card redemptions are not very good.  Save your points.  Down the road, if you like, you can upgrade or apply for Green/Gold/Plat and all of your points you earned with the Zync will convert to full MR points that can be transferred to frequent flier miles for better redemption opportunities. 

 

If you don't plan to redeem for travel, then I agree that Zync rewards aren't that great but it is a good card to use to build a relationship with Amex.

 

Also disagree that credit card rewards are negligible, especially for the amount of spend the above poster has reported.  Every dollar saved helps.  And savings accounts have atrocious rates right now anyway.  The return on CC rewards can be substantial so long as you are paying in full.  


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