@gettnthere wrote:
@Drew1980 wrote:
I saw this as well. It hasn't been a huge success... I wouldn't be surprised if they remove it from their lineup altogether in the future.
I Think that statement is very inaccurate. The Amex Zync has actually been quite successful, there have been hundreds (if not thousands over the last 2 years) of posts of people going after the Zync, with most getting approved or eventually getting approved. Here on Myfico, we are just a small minority, there are millions of other people out there who could have this card, so to say it has been unsuccessful is actually pretty inaccurate.
Popular doesn't necessarily mean profitable. The Zync was intended to act as a bridge for people to access Amex's other products after proving themselves. The key here would be to look at how many Zync holders actually transitioned successfully into other products, and whether or not that specific cohort of people were profitable after that transition.
If many don't transition from the Zync to something else, it would be seen by many in Amex to have "lost the plot". Zync cardholders that don't transition (especially those with $200-500 hard limits) frankly aren't worth Amex's time. Amex should tell those people to go away and come back when they're better established.
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
