Reply
Super Contributor
Posts: 5,504
Registered: ‎12-11-2011
0

Re: ZYNC Gone???

Bah. Now I will never have a zync. :-(

Maybe they'll replace it with a new, better card. :-)

#WishfulThinking
;
Regular Contributor
Posts: 242
Registered: ‎06-07-2011
0

Re: ZYNC Gone???


Essence wrote:

Has anyone asked a CSR?


Ok so who's going to make the call and find out what's the deal? Before you know it this post will turn to a 20+ page long post by tomorrow lol. Or could just be an issue with their system and could be back on the site by tomorrow. LMAO. 

Frequent Contributor
Posts: 426
Registered: ‎02-09-2012
0

Re: ZYNC Gone???


dude11 wrote:

Essence wrote:

Has anyone asked a CSR?


Ok so who's going to make the call and find out what's the deal? Before you know it this post will turn to a 20+ page long post by tomorrow lol. Or could just be an issue with their system and could be back on the site by tomorrow. LMAO. 


+1..so true! LOL!

Slowly building....
New Contributor
Posts: 113
Registered: ‎05-06-2012
0

Re: ZYNC Gone???

[ Edited ]

Just got off the phone with rep... Said no longer taking apps for the card as of today... Had no info on if current account holders were going to pc. Also said that current accounts holders can not add or change packs. 

 

 






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

Re: ZYNC Gone???


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.

 

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
Posts: 2,300
Registered: ‎01-22-2012
0

Re: ZYNC Gone???


mrcrush20 wrote:

Just got off the phone with rep... Said no longer taking apps for the card as of today... Had no info on if current account holders were going to pc. Also said that current accounts holders can not add or change packs. 

 

 


Good. This is what they should have done awhile ago.

 

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
New Contributor
Posts: 113
Registered: ‎05-06-2012
0

Re: ZYNC Gone???

[ Edited ]

I just want to take a moment to point out to every zync card holder, you are now an account holder of the most exclusive amex card known to man. Even more exclusive then the amex black card, that is still issued. 

 

The brighter side of things!!

 

I do think that it was meant to be a bridge into more profitable card for amex and account holders were not making the change. I am happy I got the card when I did, ill ask to keep the card when I do upgrade.  






Established Contributor
Posts: 731
Registered: ‎02-15-2012
0

Re: ZYNC Gone???


mrcrush20 wrote:

Just got off the phone with rep... Said no longer taking apps for the card as of today... Had no info on if current account holders were going to pc. Also said that current accounts holders can not add or change packs. 

 

 


I've been waiting for someone to post something from an Amex rep to get a sense of the truth before posting.  I understand why Amex introduced the Zync (to appeal to credit newcomers, hoping they'll become loyal Amex life members, eventually upgrading to another charge card), but I'm not sad to see the card go and I don't think it was really working.  I also think it was really undercutting Amex's image with it's lax underwriting critieria, especially for the counter-offers; an Amex with a $200 limit, really? 

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Valued Contributor
Posts: 2,300
Registered: ‎01-22-2012
0

Re: ZYNC Gone???


Koop10010 wrote:

mrcrush20 wrote:

Just got off the phone with rep... Said no longer taking apps for the card as of today... Had no info on if current account holders were going to pc. Also said that current accounts holders can not add or change packs. 

 

 


I've been waiting for someone to post something from an Amex rep to get a sense of the truth before posting.  I understand why Amex introduced the Zync (to appeal to credit newcomers, hoping they'll become loyal Amex life members, eventually upgrading to another charge card), but I'm not sad to see the card go and I don't think it was really working.  I also think it was really undercutting Amex's image with it's lax underwriting critieria, especially for the counter-offers; an Amex with a $200 limit, really? 


+1. My thoughts exactly. It was counter-productive to the image they've spent decades establishing. I've seen so many people on these forums who get so excited about getting approved for a Zync with a $200/500 hard limit. "OMG I'm in with Amex!!!". I can't help but laugh at comments like that. As Koop said... really?

 

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
Frequent Contributor
Posts: 470
Registered: ‎08-14-2012
0

Re: ZYNC Gone???


Koop10010 wrote:

mrcrush20 wrote:

Just got off the phone with rep... Said no longer taking apps for the card as of today... Had no info on if current account holders were going to pc. Also said that current accounts holders can not add or change packs. 

 

 


I've been waiting for someone to post something from an Amex rep to get a sense of the truth before posting.  I understand why Amex introduced the Zync (to appeal to credit newcomers, hoping they'll become loyal Amex life members, eventually upgrading to another charge card), but I'm not sad to see the card go and I don't think it was really working.  I also think it was really undercutting Amex's image with it's lax underwriting critieria, especially for the counter-offers; an Amex with a $200 limit, really? 


If they had expected people to "upgrade" at some point, then how come they never actually allowed cardmembers to "upgrade" from the Zync. Rather, they made you apply for a totally new account/product.

Personally, I app'd for the Zync two years ago because the low AF and packs appealed to my lifestyle at the time. I did not know about underwriting and all that jazz at that point. Their advertising paid off as it appealed to me better than the others.

I think they should have re-vamped the benefits of the platinum card rather than cut the Zync card. Either that, or they have bigger plans for all the remaining charge products minus the Zync. The high AF versus other cards currently available are often hard to justify for people looking to open new CC's. The Amex shopping mall has been down for quite some time as well. Maybe we are about to see some big changes!

In my wallet: Amex PRG & Zync, Amex BCE (19.2k), Chase Freedom (5k), PSECU Visa/PSL (20k)
Current Scores: Equifax: 738 (Fako) TransUnion: 721 (Fico) Experian: 717 (Fico)
Disclaimer: I am by no means a financial advisor. My posts are based on opinion, experience, and/or knowledge.
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 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.

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.