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Should I close my Zync with $500 limit

Regular Contributor

Re: Should I close my Zync with $500 limit

and $625 in annual fee's (in the 2nd year of course)


EQ 733 3/3/13 GOAL: 800 Merrill Lynch Merrill+ $12,500 | AMEX BCE 6K | AMEX PRG NPSL | CSP 6K | Freedom 5K | Discover IT 5K | HVFCU 10K | American Eagle Visa 5K | Citi Thank You Preferred 6,100

In the garden since 4/22/13 | Hating on Capital One since '09
Regular Contributor

Re: Should I close my Zync with $500 limit

I've read some blog posts as well as some posts on here that PRG and Platinum can actually complement each other quite nicely, assuming a decent amount of travel and most if not all spending on the PRG! (Platinum just for the benefits... points earnings are meh)

In full gardening/ debt annihilation mode! (4/15/13)
Notre Dame FCU Visa 0/2k (8/04); CapOne Best Buy 800/1.5k (7\06)
Citi Thank You World MC 4800/9.7k (1/11); Amex Zync NPSL (9/11)
Chase Freedom Visa 1600/3.8k (9/11); Chase Southwest RR Premier Visa Signature 4300/10.7k (6/12); Discover It 0/3k (7/12)
EQ: 751 (4/1/13) EX: 742 (4/8/13) TU: 732 (4/8/13)
Established Member

Re: Should I close my Zync with $500 limit

If me I wouldn't keep both card since both have a high annual fee... They sent me preapproved upgrade from my prg to platinum card but the annual is kinda too high for me and I don't really use that benefit so I didn't take it,,

Valued Contributor

Re: Should I close my Zync with $500 limit


jm00ser wrote:

I've read some blog posts as well as some posts on here that PRG and Platinum can actually complement each other quite nicely, assuming a decent amount of travel and most if not all spending on the PRG! (Platinum just for the benefits... points earnings are meh)


This combination makes sense for a certain type of spender.

 

If you travel extensively and are a heavy spender, then you'd use the PRG for airfare, gas and groceries. The Amex platinum would be used for the benefits such as lounge access. Often people with this kind of spenidng profile add the CSP for dining and/or SPG for non-bonus category spend.

 

For those who aren't heavy spenders and travellers, keeping both past the first year won't make much sense due to the high AFs.

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