@cmthomas06 wrote:I know it sounds crazy, but I really dont see the point in having a charge card. Ive had the Zync for a couple months now, and I must say that it is practically useless. The rewards are pitiful - might as well just use Freedom (my GoTo card) instead. Any others feeling the same way?
Im sure AMEX would just close the account if I dont use it, but I really dont see any benefit from it. (originally got it so I could get my foot in the door for the BCE)
Hey cmthomas06!
It's interesting to me this question you pose. There really isn't the perfect card for everyone. I found as I have become more FICO/credit savvy, that there are other cards that might better suit my spending habits. I strongly recommend when offering advice, based on where one is in the rebuilding journey, to really look at how the inq/account will affect my profile and best benefit me for future growth. Rebuilding really is a strategy. One might not need a specific card now but it might be a means to an end. I love my Amex Charge cards and because of the Amex perks, I've grown extremely fast with my FICO score. I use it for everything, including gum and it's paid off for me with fantastic rewards both financially and FICO wise. Rewards I might not have gotten say apping store cards like GE or Barclays to start.
Starting Score: 642
One man's trash is another man's treasure. I'll trade you my very useful Capital One Secured for your pointless Amex Charge card? 
DCU Platinum: 4000 - Discover IT: 11000 - Walmart: 5000 - AMEX BCP: 18000 - Chase Freedom VS: 5000
@eviLution wrote:One man's trash is another man's treasure. I'll trade you my very useful Capital One Secured for your pointless Amex Charge card?
Haha! +100
I bet here are many that feel that way. I was one not too long ago! 
@Omri wrote:
@scottwagnon wrote:that is why i don't have one. the only thing that amex has on other cards is AAA and you don't risk an inquiry if you are already a current cardmember.
Could you expand on that second part? How does that work?
All subsequent Amex apps are SPs till approved. A nice perk for sure. There are really many more IMHO.
To make you feel better, the card only has a minimal annual fee.
In general, Amex's niche market is big spenders. Their charge cards specifically target those that need to run monstrous charges through their cards on a somewhat regular basis. A credit card won't have a credit limit high enough to cover these charges. But they also have a good line-up of credit cards. Getting that Zync will establish your Amex membership and make it easier for you to obtain their credit card products. I think this is the primary reason the Zync was popular while it existed.
