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zync with express pay

Valued Contributor

Re: zync with express pay

they told me my card will be here between 9am and 7pm.....lol wow im glad its not the cable guy....but i dont need a to sign for it


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Message 21 of 46
Established Contributor

Re: zync with express pay

I've thought about requesting express pay, but I'm not sure if the convenience outweighs the potential security risks.  Does it really save that much time?

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Message 22 of 46
Established Contributor

Re: zync with express pay


LS2982 wrote:
I want this card sooooooooooooo bad!
I'm with you LS.........someday we will both make it to the express promise land

Message 23 of 46
Senior Contributor

Re: zync with express pay


Koop10010 wrote:

I've thought about requesting express pay, but I'm not sure if the convenience outweighs the potential security risks.  Does it really save that much time?



It doesn't.  I've found two uses for express pay. (1) I was at a gas station where the magnetic scanner wasn't working properly so I was able to use my express pay card instead of having to try another pump.  (2) My toddler likes to help, and he was able to pay for things before he developed the fine motor skills to swipe the card. 

 

That said, the security risks are overblown in my opinion.  You're much more likely to be a victim of std cc fraud than have your information stolen by someone with a portable near field device.  Looking at your statements every once in a while to make sure there are no unauthorized charges is enough to protect against this. 


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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Message 24 of 46
Valued Contributor

Re: zync with express pay

got my new card today and it still has holographic strip on it and looks really really shinny...... and its not as flexabile


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Message 25 of 46
New Contributor

Re: zync with express pay

i got my card in august and it has expresspay & a holographic mag strip.

 

the only place i use expresspay is at the riteaid next to my job. sometimes i run over to get some quick munchies, and it's definitely easier to just tap and go. although, sometimes expresspay transactions take longer to clear.

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Message 26 of 46
Frequent Contributor

Re: zync with express pay

Benefits of expressPay:

1. Higher signature thresholds at many retailers. I have found that often I have to sign for a transaction over a certain amount, say, $25, while at the same merchant an expressPay transaction doesn't require a signature until a higher amount.

2. Retailers that are known for demanding an ID for a credit card transaction (in my experience) don't do so for expressPay transactions. Case in point: Best Buy.

3. It is a few seconds faster.

4. The cool factor.

 

Drawbacks:

1. expressPay transactions don't show as much detail on the AMEX statements.  For example, all I see are a bunch of  "expressPay on Blue" transactions, without much in the way of information as to where the transaction happened, which can be a little problematic for me since I will can a hundred or more in any given month-- 7-Eleven, CVS, McDoanld's, Burger King, etc.

2. expressPay transactions don't count for AMEX promotions like "Like, Link, Love" or Shop Small.

3. I'll mention the potential security concern, but honestly, it doesn't bother me. It's a credit card so I'm protected regardless. If it were a debit card, it would be another story.

5/2002 - Chapter 7
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5/2012 - Equifax FICO 812! In the "800 Club!"
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7/2014 - Lender-pulled EQ FICO 832 (car loan)
Message 27 of 46
Established Contributor

Re: zync with express pay


steve23111 wrote:

Benefits of expressPay:

1. Higher signature thresholds at many retailers. I have found that often I have to sign for a transaction over a certain amount, say, $25, while at the same merchant an expressPay transaction doesn't require a signature until a higher amount.

2. Retailers that are known for demanding an ID for a credit card transaction (in my experience) don't do so for expressPay transactions. Case in point: Best Buy.

3. It is a few seconds faster.

4. The cool factor.

 

Drawbacks:

1. expressPay transactions don't show as much detail on the AMEX statements.  For example, all I see are a bunch of  "expressPay on Blue" transactions, without much in the way of information as to where the transaction happened, which can be a little problematic for me since I will can a hundred or more in any given month-- 7-Eleven, CVS, McDoanld's, Burger King, etc.

2. expressPay transactions don't count for AMEX promotions like "Like, Link, Love" or Shop Small.

3. I'll mention the potential security concern, but honestly, it doesn't bother me. It's a credit card so I'm protected regardless. If it were a debit card, it would be another story.


Someone correct me if I'm wrong but... I believe Amex doesn't require their members to sign for any transaction... Smiley Indifferent



Message 28 of 46
Senior Contributor

Re: zync with express pay


teenastie wrote:

steve23111 wrote:

Benefits of expressPay:

1. Higher signature thresholds at many retailers. I have found that often I have to sign for a transaction over a certain amount, say, $25, while at the same merchant an expressPay transaction doesn't require a signature until a higher amount.

2. Retailers that are known for demanding an ID for a credit card transaction (in my experience) don't do so for expressPay transactions. Case in point: Best Buy.

3. It is a few seconds faster.

4. The cool factor.

 

Drawbacks:

1. expressPay transactions don't show as much detail on the AMEX statements.  For example, all I see are a bunch of  "expressPay on Blue" transactions, without much in the way of information as to where the transaction happened, which can be a little problematic for me since I will can a hundred or more in any given month-- 7-Eleven, CVS, McDoanld's, Burger King, etc.

2. expressPay transactions don't count for AMEX promotions like "Like, Link, Love" or Shop Small.

3. I'll mention the potential security concern, but honestly, it doesn't bother me. It's a credit card so I'm protected regardless. If it were a debit card, it would be another story.


Someone correct me if I'm wrong but... I believe Amex doesn't require their members to sign for any transaction... Smiley Indifferent


Never heard that.  Are you confusing requirements for signature with having to show ID?


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


Take the FICO Fitness Challenge
Message 29 of 46
Valued Contributor

Re: zync with express pay


Walt_K wrote:

teenastie wrote:

steve23111 wrote:

Benefits of expressPay:

1. Higher signature thresholds at many retailers. I have found that often I have to sign for a transaction over a certain amount, say, $25, while at the same merchant an expressPay transaction doesn't require a signature until a higher amount.

2. Retailers that are known for demanding an ID for a credit card transaction (in my experience) don't do so for expressPay transactions. Case in point: Best Buy.

3. It is a few seconds faster.

4. The cool factor.

 

Drawbacks:

1. expressPay transactions don't show as much detail on the AMEX statements.  For example, all I see are a bunch of  "expressPay on Blue" transactions, without much in the way of information as to where the transaction happened, which can be a little problematic for me since I will can a hundred or more in any given month-- 7-Eleven, CVS, McDoanld's, Burger King, etc.

2. expressPay transactions don't count for AMEX promotions like "Like, Link, Love" or Shop Small.

3. I'll mention the potential security concern, but honestly, it doesn't bother me. It's a credit card so I'm protected regardless. If it were a debit card, it would be another story.


Someone correct me if I'm wrong but... I believe Amex doesn't require their members to sign for any transaction... Smiley Indifferent


Never heard that.  Are you confusing requirements for signature with having to show ID?


i work in a retail store and amex requires a zip code no matter how much and it will not go thru if you dont provide it.... anything over $24.99 needs to be signed for anything under doesnt reqiure a signiture


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Message 30 of 46