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Valued Member
Zanarov
Posts: 43
Registered: ‎10-02-2012

Future for Zync (Exec Office update on pg. 4)

[ Edited ]

I posted this in the main thread about the Zync cancellation, but it got buried in other speculation.

I was hoping some of the Optima holders could answer this

 

"Well this drug me out of my lurking hole.... Looks like I got really lucky..couldn't sleep on Friday so I applied for the Zync-and was approved. Just in time! And like others said we now hold super sexy exclusive card :smileytongue: Does anyone know what will happen in regards to the long term for those of us who have it? Will they offer us a PC or will they just keep supporting it. Specifically what happened after previous product discontinuations?"

 

I read on another forum that Optima holders were offered the chance to upgrade to another product, is this true? And if so given the Zync's reputation as a prime-ish card will they do it again?

Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008

Re: Future for Zync holders

The Zync was your typical entry level card with not so great rewards.

 

If they are really doing away with it; just like they did with the Optima Platinum in early 2000's, there will be a phase to transition existing Zync holders to something else I'm sure.

 

Who knows maybe they will come up with another level entery card and market it better than the Zync. It's all about the hype when a card comes out. Maybe they will transition existing Zync to the Green. A charge card to another charge.




Established Contributor
Cdnewmanpac
Posts: 767
Registered: ‎01-16-2012

Re: Future for Zync holders

The world was a very different place when the optima was discontinued. The card act, the visa/mc settlement, a whole new regulatory body, a jobless recovery, a vanishing middle class, the emergence of an information economy...even the credit card companies don't know what they are going to do tomorrow. No matter what happens, your zync will continue to function for a while. Most people expect some big changes from Amex in the next year. The newest settlement will likely accelerate those changes, as will aggressive moves by chase and citi. My guess is that a wholesale revamp will make what happens with zync a drop in the bucket.

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.
Valued Member
Zanarov
Posts: 43
Registered: ‎10-02-2012

Re: Future for Zync holders


Cdnewmanpac wrote:

The world was a very different place when the optima was discontinued. The card act, the visa/mc settlement, a whole new regulatory body, a jobless recovery, a vanishing middle class, the emergence of an information economy..Even the credit card companies don't know what they are going to do tomorrow. No matter what happens, your zync will continue to function for a while. Most people expect some big changes from Amex in the next year. The newest settlement will likely accelerate those changes, as will aggressive moves by chase and citi. My guess is that a wholesale revamp will make what happens with zync a drop in the bucket.


That is true.And raises some interesting points. From my experience the one thing Amex still had going for it was the so called "prestige" however, the reality is that this appears to no longer be the case. From this board and some personal experiences it looks like people are starting to realize all the "benefits" associated with Amex are available from Chase, Citi, Discover ect with a much lower cost and much less drama. Some examples being FEF's, travel insurance, purchase protection, customer service ect (And no file review!).

 

In short form what im saying is you can get a card that does the same thing from Visa or MC with much greater acceptance.

 

Do you think there are plans to maybe make some changes to bring back the "prestige" or are they going to try and change the product line itself to be more similar to those of the competitors.  

 

All that aside I applied for the Zync because it looked cool :smileytongue:

And if in the future Amex does do some interesting things that make them more relevant I will be there to support them.

 

Regular Contributor
GoldenloveNY
Posts: 243
Registered: ‎02-29-2012

Re: Future for Zync holders

I guess I am one of the lucky ones. I was approved for the Zync close to two weeks ago. I have been using it for four whole days, charging close to $300. I called Amex, and the lady that spoke to me was confused. She said that the Zync cards has NOT been discontinued. I am not sure what is going on, but I am sure Amex will give a statement soon. Perhaps we would be PC to the Green....

Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Established Contributor
shakalaka
Posts: 547
Registered: ‎09-10-2012

Re: Future for Zync holders

I would take Plat for the ZYNC fee :smileyvery-happy:

 

Let´s wait and see, we are in with the family and we can use it. Amexco will (hopefully) not throw us out, due to this.


Amex Platinum (NPSL) | Amex BCE (33,400) | Chase Sapphire Preferred (17,400) | Discover IT (12,700) | Chase Freedom (4,800) | Walmart (4,500) | CapOne (1,500) | Alliant CU Visa | Gone for good: CapOne secured (thx for getting me started) | Amex Zync (thx for getting me into AX)

FICO: TU 748 (4/30) EQ 730 (4/26) EX 748 (12/5)

Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

Re: Future for Zync holders

I don't want a green. I like my zync. Ill add another charge later and link them. As for future of zync, who knows.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Regular Contributor
GoldenloveNY
Posts: 243
Registered: ‎02-29-2012

Re: Future for Zync holders

[ Edited ]

shakalaka wrote:

I would take Plat for the ZYNC fee :smileyvery-happy:

 

Let´s wait and see, we are in with the family and we can use it. Amexco will (hopefully) not throw us out, due to this.


Now we can showoff our Zync cards and say "Look! This was one of AMEX pretige cards...it is no longer available. Only a select few have it. Bahahahaha! CAN"T TOUCH THIS!!!!".........:smileyvery-happy:

 

Zync from American Express- NPSL
Amex BCE- $1,000
Discover IT- $1,500
Bank of America 1-2-3 Rewards-$1,000
Chase Freedom- $500
Capital One- $500
Established Contributor
amercnchopz34
Posts: 839
Registered: ‎10-28-2011

Re: Future for Zync holders

Well thats a bummer......I was aiming for a zync in June....bk will be 8yrs....i wonder if they will have one to take its place

Super Contributor
CS800
Posts: 6,548
Registered: ‎04-07-2008

Re: Future for Zync holders


GoldenloveNY wrote:

shakalaka wrote:

I would take Plat for the ZYNC fee :smileyvery-happy:

 

Let´s wait and see, we are in with the family and we can use it. Amexco will (hopefully) not throw us out, due to this.


Now we can showoff our Zync cards and say "Look! This was one of AMEX pretige cards...it is no longer available. Only a select few have it. Bahahahaha! CAN"T TOUCH THIS!!!!".........:smileyvery-happy:

 


Hammer time





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