topic Re: AMEX Zync in Credit Cards

AMEX Zync

LS2982 — Sun, 12 Jun 2011 14:29:58 GMT

OK, let me start this off by saying I know full well it is not a good time to app right now.It's best to wait.

But im **bleep** itching to app for this card!!!! I have 2 baddies (1paid, 1not) im goign to pay the other one off this week. By mid july these 2 should be removed from my EX CR. my PLUS score is 660 now. I have 4 inq's with EX.

Good or bad idea to app like 1st of Aug? (I'll have 3 CC's reporting excluding zync)

And having a Credit One card would that hurt my chances?

Ill hold off longer if its a bad idea but I WANT this card!!! LOL

Re: AMEX Zync

LS2982 — Sun, 12 Jun 2011 14:35:11 GMT

http://www.plasticiq.com/blog/american-express-zync-card-review/

Interesting review of the card.

Re: AMEX Zync

LS2982 — Sun, 12 Jun 2011 14:57:36 GMT

OK after futher review and looking into some FICO future indicators im going to hold on to the 3 CC's i currently have. New card would do damage.

Re: AMEX Zync

clocktick — Sun, 12 Jun 2011 18:05:13 GMT

Thanks for that plasticiq site, I just spent at least a half hour on it, LOL.

Re: AMEX Zync

Alcibiades — Sun, 12 Jun 2011 21:31:44 GMT

It's funny, I've used this card for a month and people keep saying "Ooh a white Amex, never seen this before." I keep telling them it's not that special of a card but reactions keep coming in. I've used a gold card before a lot and got no similar reaction. Not even the Platinum card seems to get the "layman" reaction like the Zync. It seems that after two years on the market this card is still pretty rare / underutilized. actually before i got one I never saw one being used either

Re: AMEX Zync

drsmith — Mon, 13 Jun 2011 03:05:57 GMT

I swipe credit cards for a living and I've never seen a Zync

Re: AMEX Zync

tntexans72 — Mon, 13 Jun 2011 03:07:55 GMT

I work in a business that accept CCs on a daily basis and I rarely seen Amex. Mainly Visa/Master/Discover and I have never seen a Zync card.

Re: AMEX Zync

drsmith — Mon, 13 Jun 2011 03:25:42 GMT

I see at least 30% AmEx

That's probably because most people think AmEx provides car rental insurance. That always makes me laugh btw

Re: AMEX Zync

Open123 — Mon, 13 Jun 2011 04:14:02 GMT

The Zync is a great card if purchases are limited to the double point packs chosen. The Eco pack is nice, since it confers double the points for Costco purchases.

Aside from that, I enjoy using this card since it always illicits a nice reaction. "Oh, I've seen the Black, but never the white!" Or, "it shimmers in the background." My personal favorite was when business associate remarked, "is that the Tiffany card?"

Re: AMEX Zync

Anonymous — Mon, 13 Jun 2011 05:45:15 GMT

Does Amex look down on inquiry's? I was dumb and regretfully applied for the hooters card a while ago and I wonder if they would deny just for that.

Re: AMEX Zync

brian2220 — Mon, 13 Jun 2011 07:08:53 GMT

@Anonymous wrote:
Does Amex look down on inquiry's? I was dumb and regretfully applied for the hooters card a while ago and I wonder if they would deny just for that.

amex didnt seen to care when i apped for my gold card in april

i had 4 inquires and 3 new accounts from less then 6 months

Re: AMEX Zync

Anonymous — Mon, 13 Jun 2011 18:45:35 GMT

what are my realistic chances of getting in with amex with what ive got going on?

661 EQ Fico

664 TU True credit =/

774 Experian Fako

Ive got a 6 year old repo with a 0 balance, 1 baddie on EQ for $388 for unpaid med debt, 2 student loans with some lates - last one being 6 months ago.

Orchard 400.00

Cap1 500.00 (new account opened in april)

FP 450.00

all my credit cards are at 0 balance with perfect payment history and i pif every time.

what really need is a card with a decent credit limit or something reputable that i can start growing with. after june i should have 3 inq on TU, 2 on EQ and 2 on experian. what are my chances of being approved with amex right now for a zync and what other cards should i try for? I want to app 1 more time and then i plan to garden until 2013 when my last baddie (repo) falls off.

Re: AMEX Zync

cahiatt — Wed, 15 Jun 2011 12:11:47 GMT

Hard to guess what they really look for but they just approved me so I'll think you have a good shot. I really thought my scores would kill it. I had an Amex back in 92 and saw the backdating thread. Thought to give it a shot and see if I could open a line with them to take advantage of that. The card was approved, now just have to see if I can get them to backdate it.

My EQ was 619 as of 6/7/11. My TU was 634 as of 6/7/11 also. Not sure what it is today as between then and now I paid off a third car loan.

Both reports show an active collection for an old Sprint account that comes and goes.

A paid collection on a gas bill from 5 years ago.

A paid state tax lien from 1.5 years ago. (came outta nowhere, bam. Seriously. $120...)

Have no lates in three years.

Home Depot w/ 3500CL, 0 bal

Cap1 w/ 750CL, 0 bal

Elan Visa w/ 6000CL, PIF every month

Two car loans.

Been at the same job for 14, same home for 8