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Member
prady
Posts: 25
Registered: ‎11-15-2011
0

Should I close my Zync with $500 limit

I got approved for PRG and Platinum last week . I love them both and have sock drawered my Zync with $500. I just don't know if I should keep it open or close it. It doesn't affect my Utilization as it's a charge card. 

 

Should I just close this Zync now?

Should I close after Platinum/PRG get reported on my credit?

Should I leave it open?

Established Contributor
CruzImperial
Posts: 867
Registered: ‎07-04-2012
0

Re: Should I close my Zync with $500 limit

I would close it. It's been said that having a Zync with a hard limit affects your chances of getting a revolver card from Amex.
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Established Member
waihao0405
Posts: 32
Registered: ‎02-21-2013
0

Re: Should I close my Zync with $500 limit

I would close it since it has an annual fee on it and it's kinda the same as the PRG.
but if it's ur oldest account. it'll effect ur aaoa
Valued Contributor
jamesdwi
Posts: 1,906
Registered: ‎09-16-2011
0

Re: Should I close my Zync with $500 limit

Closing any card whether it be your oldest or your newest won't effect your AAoA for at least 10 years. Closed cards continue to be reported for 10 years. And are used in calculating your AAoA.

 

 


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 & Zync NPSL, Sams Club MC 10k, Paypal Extras MC 6k, CapOne QS 2.5k, QS 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Member
prady
Posts: 25
Registered: ‎11-15-2011
0

Re: Should I close my Zync with $500 limit

[ Edited ]

Sweet! then Zync is going to hell.

 

BTW should I wait for my new cards to report b4 i close zync or it doesn't matter?

Established Member
waihao0405
Posts: 32
Registered: ‎02-21-2013
0

Re: Should I close my Zync with $500 limit

I would keep it until the next annual fee hit..

Valued Contributor
FinStar
Posts: 6,108
Registered: ‎10-21-2012
0

Re: Should I close my Zync with $500 limit


waihao0405 wrote:

I would keep it until the next annual fee hit..


+1

 

Ultimately your preference - yet who'd want to part ways with the AMEX "white unicorn"  lol.

Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Should I close my Zync with $500 limit


FinStar wrote:

waihao0405 wrote:

I would keep it until the next annual fee hit..


+1

 

Ultimately your preference - yet who'd want to part ways with the AMEX "white unicorn"  lol.


+2. I'd close it before the next AF, but until then there's no penalty for keeping it open perse.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
j_casteel
Posts: 1,915
Registered: ‎06-21-2012
0

Re: Should I close my Zync with $500 limit

whoa, someone with a $500 hard limit Zync got approved for another AMEX without first closing the Zync!?!

| Walmart $5k | Amazon $5k | NFCU $20k | NLOC $15k | Lowes $17k | BoA $17.5k | Freedom $3k | IT $4.5k | CSP $5k | Marriott $5k | AMEX TE $9k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
Member
prady
Posts: 25
Registered: ‎11-15-2011
0

Re: Should I close my Zync with $500 limit


j_casteel wrote:

whoa, someone with a $500 hard limit Zync got approved for another AMEX without first closing the Zync!?!


Yes PRG and Platinum both on same day and on 1 Inquiry.

 

 Now ur next question would be why do I need 2 charge cards lol

 


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