Re: Future for Zync holders
10-02-2012 08:57 AM
The world was a very different place when the optima was discontinued. The card act, the visa/mc settlement, a whole new regulatory body, a jobless recovery, a vanishing middle class, the emergence of an information economy..Even the credit card companies don't know what they are going to do tomorrow. No matter what happens, your zync will continue to function for a while. Most people expect some big changes from Amex in the next year. The newest settlement will likely accelerate those changes, as will aggressive moves by chase and citi. My guess is that a wholesale revamp will make what happens with zync a drop in the bucket.
That is true.And raises some interesting points. From my experience the one thing Amex still had going for it was the so called "prestige" however, the reality is that this appears to no longer be the case. From this board and some personal experiences it looks like people are starting to realize all the "benefits" associated with Amex are available from Chase, Citi, Discover ect with a much lower cost and much less drama. Some examples being FEF's, travel insurance, purchase protection, customer service ect (And no file review!).
In short form what im saying is you can get a card that does the same thing from Visa or MC with much greater acceptance.
Do you think there are plans to maybe make some changes to bring back the "prestige" or are they going to try and change the product line itself to be more similar to those of the competitors.
All that aside I applied for the Zync because it looked cool
And if in the future Amex does do some interesting things that make them more relevant I will be there to support them.