topic Re: Amex Zync Rewards Value in Credit Cards

Amex Zync Rewards Value

chan85 — Thu, 16 Feb 2012 19:08:22 GMT

I have a trip planned this summer for San Francisco, tickets averaging around $420 round trip. i would like to use my Zync rewards for covering part of my tickets.

If I book through the Amex site it gives me the choice to use points to pay for my flight. What are the value of the points, I.e. dollar value of the points, if I use this method?

Is there a difference in the value I get for my points if I do that or just book the flight and then use my points to get a statement credit for the value (while still earning points on the full purchase price of my ticket)?

Thanks!

Re: Amex Zync Rewards Value

Ron1 — Thu, 16 Feb 2012 19:12:59 GMT

Amex Zync is not good for travel. You should get PR Gold and it gives you rewards for traveling. I used my PR Gold during traveling and my Amex Zync stayed at home.

Ron.

Re: Amex Zync Rewards Value

Creditaddict — Thu, 16 Feb 2012 19:19:07 GMT

I forget the break down of the value but you can click to use points and it will give you a breakdown of how many points for how much off... If I remember correctly it wasn't really all that worth it and that's even with the regular "rewards" not "Express Rewards" if you only have Zync and not linked to another card from amex that earns regular.

Re: Amex Zync Rewards Value

chan85 — Thu, 16 Feb 2012 19:30:25 GMT

@Ron1 wrote:
Amex Zync is not good for travel. You should get PR Gold and it gives you rewards for traveling. I used my PR Gold during traveling and my Amex Zync stayed at home.

Ron.

No new cards. Applying for a mortgage soon. Plus I am not really in need for another charge card right now. It's Amex Zync or Cap1 rewards on this trip, but I prefer Amex since I have more flexibility in my spending and I usually end up paying for the group items and everyone gives me cash when we return home and split up the costs.

Re: Amex Zync Rewards Value

Anonymous — Thu, 16 Feb 2012 19:34:26 GMT

@chan85 wrote:
@Ron1 wrote:
Amex Zync is not good for travel. You should get PR Gold and it gives you rewards for traveling. I used my PR Gold during traveling and my Amex Zync stayed at home.

Ron.

No new cards. Applying for a mortgage soon. Plus I am not really in need for another charge card right now. It's Amex Zync or Cap1 rewards on this trip, but I prefer Amex since I have more flexibility in my spending and I usually end up paying for the group items and everyone gives me cash when we return home and split up the costs.

Zync can not be transfered to any frequent flyer/guest program. Green and up can. The card may be able to PC if you have had it longer than 12 months.

Re: Amex Zync Rewards Value

chan85 — Thu, 16 Feb 2012 19:41:54 GMT

@Anonymous wrote:
@chan85 wrote:
@Ron1 wrote:
Amex Zync is not good for travel. You should get PR Gold and it gives you rewards for traveling. I used my PR Gold during traveling and my Amex Zync stayed at home.

Ron.

No new cards. Applying for a mortgage soon. Plus I am not really in need for another charge card right now. It's Amex Zync or Cap1 rewards on this trip, but I prefer Amex since I have more flexibility in my spending and I usually end up paying for the group items and everyone gives me cash when we return home and split up the costs.
Zync can not be transfered to any frequent flyer/guest program. Green and up can. The card may be able to PC if you have had it longer than 12 months.
This is not what I was asking..... see below....

If I book through the Amex site it gives me the choice to use points to pay for my flight. What are the value of the points, I.e. dollar value of the points, if I use this method?

Re: Amex Zync Rewards Value

Ron1 — Thu, 16 Feb 2012 19:47:43 GMT

@chan85 wrote:
@Ron1 wrote:
Amex Zync is not good for travel. You should get PR Gold and it gives you rewards for traveling. I used my PR Gold during traveling and my Amex Zync stayed at home.

Ron.

No new cards. Applying for a mortgage soon. Plus I am not really in need for another charge card right now. It's Amex Zync or Cap1 rewards on this trip, but I prefer Amex since I have more flexibility in my spending and I usually end up paying for the group items and everyone gives me cash when we return home and split up the costs.

I don't know it will give you more spending limit. Do you have any other Amex cards like Green/Gold?

Ron.

Re: Amex Zync Rewards Value

chan85 — Thu, 16 Feb 2012 19:54:30 GMT

@Ron1 wrote:
@chan85 wrote:
@Ron1 wrote:
Amex Zync is not good for travel. You should get PR Gold and it gives you rewards for traveling. I used my PR Gold during traveling and my Amex Zync stayed at home.

Ron.

No new cards. Applying for a mortgage soon. Plus I am not really in need for another charge card right now. It's Amex Zync or Cap1 rewards on this trip, but I prefer Amex since I have more flexibility in my spending and I usually end up paying for the group items and everyone gives me cash when we return home and split up the costs.
I don't know it will give you more spending limit. Do you have any other Amex cards like Green/Gold?

Ron.

When I say more spending limit I mean, my internal spending limit is much much higher than my hard credit line with my cap1 (2250). i have had my zync for a year in march and have had it up to 10k before with no problem, so i am sure i can buy what i need with no fear of a decline. no other amex accounts, though in college i did have the green and it was closed.

Re: Amex Zync Rewards Value

Anonymous — Thu, 16 Feb 2012 19:55:12 GMT

Amex membership rewards express points are worth half a penny each towards travel expenses. Regular MR points are worth a full penny each.

Re: Amex Zync Rewards Value

chan85 — Thu, 16 Feb 2012 20:02:28 GMT

@Anonymous wrote:
Amex membership rewards express points are worth half a penny each towards travel expenses. Regular MR points are worth a full penny each.

i checked the site as another poster suggested and for my current amount of points 21,892 i can cover $137.92 of my ticket....at half a penny wouldnt that be like $109??

Re: Amex Zync Rewards Value

Anonymous — Thu, 16 Feb 2012 20:24:19 GMT

Interesting, I could have sworn that I had seen half a penny per point when I had zync. That was about a year ago, maybe it could have changed. Still, .63 cents per point is not much better.

Re: Amex Zync Rewards Value

chan85 — Thu, 16 Feb 2012 20:45:19 GMT

@Anonymous wrote:
Interesting, I could have sworn that I had seen half a penny per point when I had zync. That was about a year ago, maybe it could have changed. Still, .63 cents per point is not much better.

True.... but it also better than zero!

Re: Amex Zync Rewards Value

jamesdwi — Fri, 17 Feb 2012 03:26:28 GMT

@chan85 wrote:
I have a trip planned this summer for San Francisco, tickets averaging around $420 round trip. i would like to use my Zync rewards for covering part of my tickets.

If I book through the Amex site it gives me the choice to use points to pay for my flight. What are the value of the points, I.e. dollar value of the points, if I use this method?

Is there a difference in the value I get for my points if I do that or just book the flight and then use my points to get a statement credit for the value (while still earning points on the full purchase price of my ticket)?

Thanks!

When I did checked out using points for something charged it really sucked. Unless they give you much better exchange rate when paying for travel, i would stay away from it as an option,

02/13/2012

WHOLEFDS MLW 10197 04142210036

charge amount $62.11

pay with point costs: 10,352

I would advise using points to buy Gift Cards for resturants which you may visit while on your trip Rewards program has Chili's has giftcards and others for for a a penny a point. so $25 gift card is 2500 points, of course you are free to get larger gift cards. Or just get gift cards for food you will eat while not enteraining... and since your meals will be re-imbursed fully, you turn points in to cash at a penny a point

Re: Amex Zync Rewards Value

laboi_22 — Fri, 17 Feb 2012 03:52:41 GMT

http://www.plasticiq.com/blog/value-of-american-express-membership-rewards-express-points/

Re: Amex Zync Rewards Value

Revelate — Fri, 17 Feb 2012 21:39:42 GMT

@laboi_22 wrote:
http://www.plasticiq.com/blog/value-of-american-express-membership-rewards-express-points/

Thanks!

Re: Amex Zync Rewards Value

laboi_22 — Sat, 18 Feb 2012 01:04:29 GMT

@Revelate wrote:
@laboi_22 wrote:
http://www.plasticiq.com/blog/value-of-american-express-membership-rewards-express-points/
Thanks!

No problem!