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Amex zync??

Valued Contributor

Re: Amex zync??

Nice points by Walt_K.

I was denied for Amex Zync in march due to a thin file plus a baddie. The baddie is gone via PFD, but I've added two cards from prime banks, so I hope next time I apply for an Amex I get my card.

Starting Score: EQ 681 5/2011, EX 656 6/2011 (PSECU), TU98 642 6/2011
Current Score: EQ 741 12/2011, EX 730 08/15 (PSECU), TU08 710 08/15
Goal Score: 725+ across the board


Take the FICO Fitness Challenge

Message 11 of 15
New Member

Re: Amex zync??

Well guys I applied and was approved. I'm excited to have an account with amex. I Also got approved for a cap 1 ($500). Also when I applied for a boA card and got denied they sent me a letter with my score and it was exp 745. So I guess I'm on a good start? Now I'm just gonna let them age a bit.
Message 12 of 15
Established Contributor

Re: Amex zync??

Congrats!


Starting Score (08/11/11): TU08: 643
Current Score: TU08: 741
Goal Score: Stay in the 700s; keep reports clean


Take the FICO Fitness Challenge
Message 13 of 15
Valued Member

Re: Amex zync??

Congrats on the approval!

 

I am in the process of building my credit, and what has really stood out about the Zync is the spending ability. My revolving bank CCs started off with limits of $300 and $400, which meant I had to pay off my cards several times each month, and sometimes couldn't use them for larger purchases. For scoring purposes my utilization was horrible as a result. The Zync saved my be allowing me to actually use my card to pay my expenses while not killing my utilization. I've been extremely happy with the card and customer service.

AMEX Zync (NPSL) | AMEX SPG ($5,600) | BoA Cash Rewards ($5,000) | WF Visa ($5,000)
Message 14 of 15
Contributor

Re: Amex zync??

The Zync rewards structure can be very good (in-line with at least Gold) if

 

1) You select packs and use them wisely. I think the best four packs are Restaurants, Travel, "Connect" and ECO. They all give you double points (on up to $5,000 in spending) in each category. If you put all your flights, cable bills, phone bills, restaurant spending (which is substantial for me in New York City) and "green spending" (works at Whole Foods) on the coard, you can accumulate points quickly. 

 

2) You use the Zync card for a year, then apply for another Amex charge card (Green, Gold, Platinum) and upgrade your Membership Rewards Express points to the regular program. At that point, continue to use the Zync for purchases where it is an advantage. While some Amex cards are better for travel purchases (I think one of the Gold cards offers 3x points on airfare), no other Amex cards to my knowledge offer double points on restaurant or connectivity spending.

 

3) You value looks in a card. The Zync is arguably the best looking card Amex has.

Message 15 of 15