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Member
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
Posts: 869
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.
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Established Member
Posts: 32
Registered: ‎02-21-2013
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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
Posts: 2,281
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.

 

 

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Member
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
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
Posts: 9,045
Registered: ‎10-21-2012
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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
Posts: 2,300
Registered: ‎01-22-2012
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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.

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Valued Contributor
Posts: 1,927
Registered: ‎06-21-2012
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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!?!

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Member
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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