Credit Card Center Advertiser Disclosure†
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.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.