Credit Cards Center Credit cards from our partners
Reply
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.
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
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
New Visitor
Posts: 2,339
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/Freeom 4.6k, FNBO DISC 20.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5.5k Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 7k, Discover IT 11.5k and a nice stack of store cards.
Last APP/HP 4/22/2015
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..

Senior Contributor
Posts: 11,485
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
Posts: 2,489
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.

EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Valued Contributor
Posts: 1,927
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 $15k | Freedom $3k | IT $5.25k | CSP $5k | Marriott $5k | AMEX TE $18k | Alaska $5k |
Starting Scores: EQ:571 EX:??? TU:597
Current Scores: EQ:694 EX:714 TU:711
Goal Scores: 700
across the board
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

 

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

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.