topic Re: Why AMEX Zync is a good card? It has fee! in Credit Cards

Why AMEX Zync is a good card? It has fee!

stone — Sun, 20 Nov 2011 07:02:37 GMT

i hate to pay annual fee... fees kills everything

Re: Why AMEX Zync is a good card? It has fee!

bichonmom — Sun, 20 Nov 2011 07:11:13 GMT

I think the reason most people like the Zync is because it's supposedly easier to qualify for than other Amex products. Not "easy," just "easier."

Re: Why AMEX Zync is a good card? It has fee!

tsquad131 — Sun, 20 Nov 2011 07:35:09 GMT

a lot of people have good luck holding the zync card for a year then apping for a credit product since they have much stricter guidelines and is much easier to get approved for since you would already have history with amex with using the zync

Re: Why AMEX Zync is a good card? It has fee!

Guava — Sun, 20 Nov 2011 07:39:35 GMT

It's good because if you have some blemish on your report, it's your best chance of getting in the door with AMEX, and you know how we all love the allure of AMEX

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sun, 20 Nov 2011 07:46:24 GMT

Yeah, it's more about the prestige of AMEX and getting in with a company like theirs.

If that doesn't matter to you, then I do see how the AF wouldn't be worth it. But for me, being so young, the $25 fee is well worth having an American Express account in my file.

Re: Why AMEX Zync is a good card? It has fee!

stone — Sun, 20 Nov 2011 07:51:48 GMT

got it. i am gonna apply one next month, that i expect my score could be hight than 670 in next month

Re: Why AMEX Zync is a good card? It has fee!

sandsanta — Sun, 20 Nov 2011 13:42:38 GMT

I like it because it looks cool . It's actually not a bad product and probably would be better then the Green card if its membership points were transferrable.

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sun, 20 Nov 2011 15:34:59 GMT

@stone wrote:
i hate to pay annual fee... fees kills everything

This really is subjective, and not true for everyone. I make at least 3 times my annual fee on my PR Gold card every year, plus all the other bennies. Bennies aside, I made money by using a card with an AF.

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sun, 20 Nov 2011 15:59:56 GMT

@Anonymous wrote:
@stone wrote:
i hate to pay annual fee... fees kills everything

This really is subjective, and not true for everyone. I make at least 3 times my annual fee on my PR Gold card every year, plus all the other bennies. Bennies aside, I made money by using a card with an AF.

Same here, and Also my Blue Cash Preferred has a 75AF which I've only had the card 45 days or so and I have already 107 in cash rewards, I plan on earning somewhere around $400-$500 a year on this card, Man I just love taking money from CCC's

Re: Why AMEX Zync is a good card? It has fee!

laboi_22 — Sun, 20 Nov 2011 16:55:59 GMT

I also disagree about the annaul fees. I think $25 is worth the spending power, worth the benefits, and worth the customer service.

Also just FYI. After you get your zync card, and make your first purchase, you get rewarded with 10,000 MR points. If you so choose, you can pay your annual fees with these MR points. Visit www.membershiprewards.com/cardfees for more information. Basically, the way I see it, I get 4 free years of using my Zync card. Then, as I pay my regular monthly bills, and build up more points, I can save just enough to pay my yearly card fees. The rest can be used elsewhere like a nice Gap card!

I love my AMEX Zync

Re: Why AMEX Zync is a good card? It has fee!

mAndrew1980 — Sun, 20 Nov 2011 18:02:37 GMT

Like a lot of people, I'm looking to use Zync as a way to get my foot in the Amex door. I'm patiently waiting until the time is ripe to apply. But a lot of people use Zync to develop a relationship with Amex.

Oh, and the card looks sweet!

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sun, 20 Nov 2011 23:10:27 GMT

For me, I opened a ZYNC because I'm 21 with a moderately thin credit file. This card is a good way to begin a relationship with a creditor that I really want to be able to do business with in the future. The AF is only $25 and in my opinion, I pay AF much higher for less benefits, so to me, $25 is well worth it...

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sat, 26 Nov 2011 16:10:24 GMT

laboi based on everything I have found the 10,000 point promotion is over, unless I'm missing something?

Re: Why AMEX Zync is a good card? It has fee!

laboi_22 — Sat, 26 Nov 2011 21:52:04 GMT

@Anonymous wrote:
laboi based on everything I have found the 10,000 point promotion is over, unless I'm missing something?

http://www304.americanexpress.com/getthecard/learn-about/Zync/31211

It is clearly listed on the Zync information page. See the link above. 10,000 MR points after your first purchase. This is on all new accounts.

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sat, 26 Nov 2011 21:56:42 GMT

So, to summarize.

1. Zync is good for getting a foot in the door with AMEX

2. Annual Fees aren't always bad. One example of this is if you can make more money back (cash back, other benefits) with an AF card than a non AF card.

3. Prestige of AMEX

Re: Why AMEX Zync is a good card? It has fee!

Anonymous — Sun, 27 Nov 2011 16:43:46 GMT

I apologize laboi, but maybe you are looking at different page than me? When I click on that link, I see absolutely no mention of any 10,000 points.

Re: Why AMEX Zync is a good card? It has fee!

laboi_22 — Sun, 27 Nov 2011 17:01:38 GMT

@Anonymous wrote:
I apologize laboi, but maybe you are looking at different page than me? When I click on that link, I see absolutely no mention of any 10,000 points.

No apologies necessary. I rechecked and it's not there today. My mistake. I guess they ended the promotion. Still in all it only costs 2600 points to pay the $25 annual fee. Surely you will spend enough to build that up plus more.