Re: Your Favorite AMEX Zync Rewards
02-28-2012 10:10 PM
AMEX charges far too many points to get there cash back cards, if you can't find gift cards for local resturants and other stores that you and your S.O. eat at give up, its probably not worth it, in general might be best to avoid Zync because the pointsjust aren't worth the cost if you go purely for cash back cards.
I see plenty of gift cards that are a penny a point so a $25 is 2500 points, thus you need to spend $1500 or my cellphone bill and cable/internet bill for 4 months.... leaving 2100 more points to be earned during the rest of the year or about $29.20 money back over and above the cost, and we are allready thinking about new phones that will be an aditional 100-200 more points.
I'll admit that I didn't check out all the restaurants on the list, but I didn't see any that caught my interest. Could very well be that we just don't have the right ones around here. Most of the stores seem to only have lower than a 1:1 redemption rate, though. I know Amazon is something like.. 0.7-ish cents per point.
I didn't take into account the cost of buying a new phone - I guess that would help too. But over all, it just doesn't really seem worth the trouble to me - since out of the 3 CCs I carry, the Zync is the last one I reach for in my wallet. I suppose I could set up auto-payments for the wireless and internet bills on the card.. but I could just do the same on any rewards card and earn about the same.
TU 721 FICO (03/10/2012)
EX 703 FICO (05/05/2012)
Cards: NFCU cashRewards $14k, NFCU Platinum $14k, USAA Amex $7k, Amazon Visa $3k, Chase Freedom $2.5k, Amex Zync NPSL, Discover More $1k, Amazon Store $1.3k, Walmart Store $700