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Declined for Amex because i already have a card?

New Contributor

Re: Declined for Amex because i already have a card?


jd5189 wrote:

This has been documented before. You would have to cancel your Zync to get another charge card with NPSL. So, if you really want NPSL, cancel the Zync. Or, you could wait it out and see what they decide to do for people who have Zyncs with PSL's. My guess is they won't do anything and just continue to keep the accounts open for all members with Zync's.


With all due respect this is not true. I opened a Zync with NPSL in July and just this past month I opened a Premier Rewards Gold card with NPSL due to the better rewards structure and the bonus points. It would be resonable to believe that if you get one charge with NPSL you could have multiple. YMMV.

 

01/11/13:
EQ Fico: 716 (from myfico)
TU Fico: 719 (from Walmart)
EX Fico: 719 (from myfico)

Chase Sapphire Pref. II AMEX Platinum II Amex PRG II Amex SPG II Citi AAdvantage II Barclays US Airways II Chase Freedom
Message 21 of 39
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Established Contributor

Re: Declined for Amex because i already have a card?

The hurdle seems to be AMEX's internal scoring. No matter the FICOs or FAKOs, AMEX still uses a formula mixed with FICO and their own internal secret numbers. Smiley Frustrated I'd cancel and reapp.

AmEx Platinum | AmEx BCP | AmEx Delta Gold | CSP | Chase Freedom | NFCU cashRewards Visa Sig | NFCU Plat MC | WM MC | Discover it | JCP


Message 22 of 39
Valued Contributor

Re: Declined for Amex because i already have a card?


bmd0224 wrote:


With all due respect this is not true. I opened a Zync with NPSL in July and just this past month I opened a Premier Rewards Gold card with NPSL due to the better rewards structure and the bonus points. It would be resonable to believe that if you get one charge with NPSL you could have multiple. YMMV.

 


This person has a limit on their Zync and that is what is stopping them from getting another card.

 

Message 23 of 39
Regular Contributor

Re: Declined for Amex because i already have a card?

I tried applying for the Delta Skymiles since it is in a different category from the Zync but i still get that message, before i use to get a message that my Cardmember score was too low.

 

This is very strange, first they discontinue the card and now they do not even let you apply for anything else if you have the PSL Zync.

Message 24 of 39
Moderator

Re: Declined for Amex because i already have a card?

For what little it's worth, I wouldn't apply for anything new as a Zync holder while Amex figures out what they're going to do with the existing Zync cardmembers.

 

Since Amex backdates the loss of a few months payment history and some fractional amount of one's spend over the next few months from a different rewards structure, it doesn't hurt much if at all to hang out for a few months while Amex announces their plan... and as far as backdating goes, 1/13 app >> 10/12 app and that's only 3 months away by which time hopefully Amex will have figured things out and told us what's up.

 

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 25 of 39
Established Contributor

Re: Declined for Amex because i already have a card?

Agree, maybe they will surprise us with something nice ... can´t hurt to hope

Amex Platinum | Discover IT | Amex BCE | Citi DCB | Chase Sapphire Reserve | Chase Sapphire Preferred | CapOne | NFCU goRewards and CLOC | Chase Freedom | Walmart | Alliant CU Visa | Couple of Biz Cards | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO (TU/EX/EQ): 737/772/752 - Total CL 215+K

Message 26 of 39
Valued Contributor

Re: Declined for Amex because i already have a card?

+2 whats 90 days? 

 

the only thing i think now is if they dont and i app on 1/1 lets say they send me that letter if i closed my zync (not that i would) 

i wouldnt be able to app until 2/1(per the 30 day rule) unless 1/31 but still. then it would be a hard pull. 

 

 

and btw it does effect it on joint appliers as well. costco amex denied my mother because of amex zync limit. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
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Amex Zync(Unicorn)
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Citi DC $10,000
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Message 27 of 39
Frequent Contributor

Re: Declined for Amex because i already have a card?


bmd0224 wrote:

jd5189 wrote:

This has been documented before. You would have to cancel your Zync to get another charge card with NPSL. So, if you really want NPSL, cancel the Zync. Or, you could wait it out and see what they decide to do for people who have Zyncs with PSL's. My guess is they won't do anything and just continue to keep the accounts open for all members with Zync's.


With all due respect this is not true. I opened a Zync with NPSL in July and just this past month I opened a Premier Rewards Gold card with NPSL due to the better rewards structure and the bonus points. It would be resonable to believe that if you get one charge with NPSL you could have multiple. YMMV.

 


With all due respect....read everything before hand  and then post - I have a Zync, a PRG, and a BCE. But my Zync was NPSL. Those with PSL's (such as the OP's account) cannot app for another card until the the PSL no longer exists. Amex has told card holders they will not remove PSL's - rather they tell you to app for a new card which you cannot do until you close your account with PSL.

It will be interesting to see what they do with the Zync. But, my guess, they will keep the Zync's as it considering what they have done with the Optima.

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.
Message 28 of 39
Established Contributor

Re: Declined for Amex because i already have a card?

Keep the Zinc open for SP reasons.  If you close now without another card it'll be an HP down the road.  The Zinc limit is BS and I see why they're canceling the card.  The OP's post is a good example why. 

 

BOA: 8.9k
CSP: 5k
Discover: 5k
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citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Message 29 of 39
Contributor

Re: Declined for Amex because i already have a card?


migliogiorni wrote:

Keep the Zinc open for SP reasons.  If you close now without another card it'll be an HP down the road.  The Zinc limit is BS and I see why they're canceling the card.  The OP's post is a good example why. 

 


Amex has a history of being bipolar in its approach to subprime credit. It will, time and time again, try to find a way to go after the market, then pull back just as quickly.

 

It's almost as though it can't decide what it wants to be when it grows up.

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

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Message 30 of 39