Reply
Regular Contributor
Posts: 181
Registered: ‎08-09-2012
0

Got my foot in the door with AMEX Zync

Hey everyone! I have been lurking on here for a little while now and decided to join in on the conversation.  I'm hoping to be able to buy a home in 2-3 years, and am trying to get my score up to the 750-800 range before then so I can get the lowest rate possible.

 

As of right now, my Eqifax score is a 706 (FICO), and I still need to buy my TU and EX scores.

 

I noticed that one of the things that hurt my score was "the percentage of department store accounts or charge cards to all of the accounts in your file."  I had no "Other" accounts.  Also, my 2 revolving lines were sitting at 30% usage just off of my monthly expenditures (I have always waited till the end of the month to pay in full, but now realize I should have done it before the statement).

 

Bottom line - a charge card would help both my credit mix and use of my 2 revolving credit lines (as I could charge on the charge card and keep those accounts in just the 5-10% usage range).  So I applied for Zync and got instantly approved!  Ultimately I would like to get the PR Gold card, but was too afraid of being denied to apply.  I might go for it in January to take advantage of backdating and then cancel my Zync.

 

So for a hard pull and a drop in my AAoA from 2.6 years to 2.3 years, I get a bump in credit mix and utilization.  Hoping to get some more help from the forums here as I go forward so I can reach my goal.  Just really excited to get my foot in the door with AMEX, and can't wait to get the card next week.




What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
Super Contributor
Posts: 5,877
Registered: ‎12-11-2011
0

Re: Got my foot in the door with AMEX Zync

Congrats. The zync is a pretty nifty card, it's got a pretty low AF, pretty easy to get, and a great way to get in with amex. Use it well, it seems you're on the right track.
;
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Got my foot in the door with AMEX Zync

Zync is a great card. I personally don't see value in pr gold unless you travel a lot. Congrats on zync! Instead of a different charge card in January; you may consider blue cash everyday or even costco. true.earnings.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Contributor
Posts: 657
Registered: ‎06-27-2012
0

Re: Got my foot in the door with AMEX Zync

congrats.  Btw

Ex score is no longer available for purchase

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Regular Contributor
Posts: 181
Registered: ‎08-09-2012
0

Re: Got my foot in the door with AMEX Zync

Thanks everyone! What's the most cost efficient way to stay on top of all my credit scores? I would like to keep track of them at least quarterly to see how my work is paying off.




What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: Got my foot in the door with AMEX Zync


ramblin_wreck08 wrote:

Thanks everyone! What's the most cost efficient way to stay on top of all my credit scores? I would like to keep track of them at least quarterly to see how my work is paying off.


My recommendation would be to subscribe to a few services:

1 & 2 - would be SW and TU Quarterly monitoring found within this link http://www.myfico.com/Products/Products.aspx

3 - would be USAA CMS found here https://www.usaa.com/inet/pages/creditcheck_monitoring_main so that when you get SW alerts, you can then log-in to USAA CMS and pull all 3 reports for free to find out what exactly changed.

I have all 3 and couldn't be happier with either of them!

 

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Established Member
Posts: 54
Registered: ‎08-10-2012
0

Re: Got my foot in the door with AMEX Zync

Congrats to my fellow Zyncer!

 

+1 on USAA CMS.  It can be a tad slow to update sometimes I have found, but it is a great product and worth the price.  I have also seen various promo codes floating around and even success stories with asking USAA to lower the price.  Good luck!

In the wallet: USAA MC $4k, Citi Expedia MC $2k, Discover More $1k, Zync $500, American Eagle $1.9k, Amazon Store $1.5k, Lowes $1k, Belk $1.4k, Macy's $500, Abercrombie $350, VS $350
Score: 702 (Discover approval 08/03)
Goal: 800 Club
Picking up my intro spade and stepping in the garden. Let's grow some pretty roses!
Valued Contributor
Posts: 2,281
Registered: ‎09-16-2011
0

Re: Got my foot in the door with AMEX Zync

Wait untill January to AP for the PRG Gold or other AMEX card, for maximum backdating effect. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.