05-16-2011 10:14 AM
hi , just applied for the amex zync online and got this interesting respond online that they are not able to approve me for the regular amex zync card however i have the 2 offers options to choose one first option offer a amex zync card with a 500$ spending limit but i need to enrol it to a auto pay linked to checking account plus a 10$ credit on my first statement or second option 200$ spending limit with no auto pay linked i picked the first offer and was instant approved anyone had this experience with amex ? will my spending limit ever increase ? how is the bestway to use the card not to get bumped into a FR?
05-16-2011 10:33 AM
a couple of members have posted that as their approval usually its because of low scores of the reason stating that
05-16-2011 11:24 AM
Yep i have the same deal on my card, a CSR explained to me that after 6 months of monitoring your spending habit's your card becomes eligible to have the limit increased or removed all together. i didnt ask if there was a magic formula for getting it removed, but i just pay my balance off at the end of the week.
05-16-2011 01:39 PM
Just another way to make sure your spending is under control in my opinion a good thing for those new to credit.
I assume autopay takes the fulll payment from your checking account on or before due day. You have to be sure you have enough in checking.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO