topic Re: Yippy!!! Got first Amex :) Zync though :D in Credit Cards

Yippy!!! Got first Amex :) Zync though :D

ibmrad7 — Wed, 15 Dec 2010 15:21:34 GMT

Hi folks,

I am excited I got approved for Amex Zync (though people say its nothing great, but I am still happy that I would get a chance to build a better relationship with Amex)

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:26:22 GMT

why didnt u get the gold??

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:29:20 GMT

Congratulations!!!

Did you do the pre selection? Where you given other options? I am asking because for over 5 months I get the pre select for both the zync, green and gold, but my util is a bit high at the moment and have been holding off. I am itching to apply, what were you specifics?

Thanks

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:32:08 GMT

i got approved for a platinum charge with high utilization and a few bad that were a lil over 2 years old

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:37:41 GMT

Achase, thank you for your response.

I have one baddie that is over 2 years old, but my cc's are only on average 6 months old. how are they with inq? My scores are EQ 669 TU 659

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:41:29 GMT

we i had 7 at the time of approval on experian and my average is 2 years and i have a car note for 1 year reporting

Re: Yippy!!! Got first Amex :) Zync though :D

ibmrad7 — Wed, 15 Dec 2010 15:49:39 GMT

Hi Gypsytravels,

I am actually little surprised that I got one. I ran my info in pre-approved page. It said I am pre-approved for Green and Zync. I picked Zync. I dont know what my FICO score is, but my regular scores are TU: 720, EX: 705, EQ:719. I have three other cards: Cap One - CL:500, bal: 380, BOA - CL: 500, bal: 350 and Wells Fargo: 2250 bal: 1800, Express and Macys Charge cards, 450 and 200 CLs respectively.

Re: Yippy!!! Got first Amex :) Zync though :D

ibmrad7 — Wed, 15 Dec 2010 15:50:05 GMT

Achase, i dont think I would be approved for Gold

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:51:29 GMT

Congrats! I got the zync card too and its really flashy :-)

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 15:52:36 GMT

congrats!

Re: Yippy!!! Got first Amex :) Zync though :D

ibmrad7 — Wed, 15 Dec 2010 15:55:03 GMT

Thanks folks

I have a little doubt though. Lets say my billing cycle is : 1st of every month to 1st of next month, so I have to pay everything by 1st of next month even if I made a purchase on 30th? or every purchase gets a month time for payment

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 16:00:35 GMT

trust me you would and if u were approved today u can apply for the gold right now and it will be just one inquiry on ur report but i know if they approved zync they'll approve gold

@ibmrad7 wrote:
Achase, i dont think I would be approved for Gold

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 16:07:31 GMT

yes! This is where strategy comes in. Any charge whether at the begining or the end of the cycle must be payed withing about 15 days of the end of the cycle. So if you charge on the 30th and your cycle ends on the 1st, that will most likely be on your statement. You will then have about 2 weeks to pay your statement...so there is still some grace period if you want to do that.

@ibmrad7 wrote:
Thanks folks

I have a little doubt though. Lets say my billing cycle is : 1st of every month to 1st of next month, so I have to pay everything by 1st of next month even if I made a purchase on 30th? or every purchase gets a month time for payment

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 16:08:11 GMT

Just called AMEX out of curiosity regarding applying and the rep told me that the GREEN card is being used as a way to help customers "rebuild" their credit...huh? I am going to wait another month and then apply...I just don't want a rejection right now.

Good luck to all those that have recently been approved but I will wait til I can get the card I really want.

Re: Yippy!!! Got first Amex :) Zync though :D

smc733 — Wed, 15 Dec 2010 16:09:33 GMT

@Anonymous wrote:
why didnt u get the gold??

Not everyone wants to spend so much on an annual fee. Especially with what you have to spend to break even, when if you spend that much on Zync, you get great rewards.

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 16:13:09 GMT

the gold PR has better rewards...

@smc733 wrote:

@Anonymous wrote:
why didnt u get the gold??
Not everyone wants to spend so much on an annual fee. Especially with what you have to spend to break even, when if you spend that much on Zync, you get great rewards.

Re: Yippy!!! Got first Amex :) Zync though :D

ibmrad7 — Wed, 15 Dec 2010 16:21:38 GMT

Acutally I applied on friday and got an instant approval. If I apply for Gold today, will it still show one inquiry or two?

My goal is to get Amex Blue Cash... When do you think I should apply for that? 6 months?

Re: Yippy!!! Got first Amex :) Zync though :D

Anonymous — Wed, 15 Dec 2010 16:24:12 GMT

oh true well today it will show as 2...

Re: Yippy!!! Got first Amex :) Zync though :D

haulingthescoreup — Wed, 15 Dec 2010 16:32:49 GMT

@Anonymous wrote:
the gold PR has better rewards...
@smc733 wrote:
@Anonymous wrote:
why didnt u get the gold??
Not everyone wants to spend so much on an annual fee. Especially with what you have to spend to break even, when if you spend that much on Zync, you get great rewards.

Yes, but once you have to pay the annual fee on the Gold, you have to spend, what? $7250 just to cover the $145 fee? (that's assuming 2 points per dollar charged; don't know if it works out so smoothly.)

Like anything else, one card will provide better rewards for those who use it in certain ways, and the other will be better for others.

eta: whoops, sorry, I see that you already replied.

Re: Yippy!!! Got first Amex :) Zync though :D

ibmrad7 — Wed, 15 Dec 2010 16:44:51 GMT

Folks, How much credit line does Zync provide? Will it at least let me pay my rent of 1100 every month?