topic Re: Zync autopay... in Credit Cards

Zync autopay...

bvick27 — Sun, 25 Mar 2012 19:04:00 GMT

So I have had my Zync with the $500 limit and autopay for 13 months now and I was curious is anyone else has had any experience with these. I was hoping my limit would fall off by now but I am still waiting. Any insight?

Re: Zync autopay...

LS2982 — Sun, 25 Mar 2012 19:04:47 GMT

@bvick27 wrote:
So I have had my Zync with the $500 limit and autopay for 13 months now and I was curious is anyone else has had any experience with these. I was hoping my limit would fall off by now but I am still waiting. Any insight?

How does your EX file look??

Re: Zync autopay...

pizzadude — Sun, 25 Mar 2012 19:09:54 GMT

I'm guessing that they'll eventually remove it ~ whenever you meet their internal criteria for NPSL.....whatever that is.

Also I have a $200 hard limit on my card ~ had it since November. Who knows when they will decide to remove the limit.

Re: Zync autopay...

bvick27 — Sun, 25 Mar 2012 19:38:09 GMT

Ex is not perfect but no collections or derogs for 2+ years. I have paid off 3 car loans in that time, got the zync, a navy fed visa with a 9k limit, and a military star card with 2.5k limit. Current score is 696 according to an Amex Green denial.

Re: Zync autopay...

Open123 — Sun, 25 Mar 2012 19:49:19 GMT

How have you been using the card?

This often plays a role on whether or not Amex removes the hard limit.

Re: Zync autopay...

LS2982 — Sun, 25 Mar 2012 19:54:34 GMT

@Open123 wrote:
How have you been using the card?

This often plays a role on whether or not Amex removes the hard limit.

Re: Zync autopay...

bvick27 — Sun, 25 Mar 2012 19:59:46 GMT

Always push payments and run double the limit through the card monthly. I even used their travel service! If it matters to them, I ran up 7500 on my Navy Fed in one month about 6 months ago and it reported but was PIF right after. Just curious as to why it is still there. They told me they evaluated it every 6 months and would decide (that was at the 6 month mark) so I was curious about it.

Re: Zync autopay...

bvick27 — Sun, 25 Mar 2012 20:04:39 GMT

I love my Amex and would like to get the limit off so I can hopefully PC or app for a Green at some point as my go to card. I'm starting to think of just adding a Chase Freedom card and using its categories if possible. I could probably stand to have another card anyways.

Re: Zync autopay...

LS2982 — Sun, 25 Mar 2012 21:28:12 GMT

@bvick Can you afford the INQ hit?? If yes chase is not a bad card to get.

Re: Zync autopay...

mrmagic9799 — Tue, 27 Mar 2012 18:24:13 GMT

Geez, I was just approved for this today and was wondering what type of usage I'd need to run through it to have it lifted. Do you recall what your utilization was at 6mths and then 12mths after getting the card? I'm really trying to piece this together..

Re: Zync autopay...

LS2982 — Tue, 27 Mar 2012 18:26:58 GMT

@bvick27 wrote:
So I have had my Zync with the $500 limit and autopay for 13 months now and I was curious is anyone else has had any experience with these. I was hoping my limit would fall off by now but I am still waiting. Any insight?

edit: missed prior response

Re: Zync autopay...

FicoTron — Tue, 27 Mar 2012 18:46:46 GMT

@bvick27 wrote:
Ex is not perfect but no collections or derogs for 2+ years. I have paid off 3 car loans in that time, got the zync, a navy fed visa with a 9k limit, and a military star card with 2.5k limit. Current score is 696 according to an Amex Green denial.

What were the reasons for denial on the Green app?

Re: Zync autopay...

learnin113 — Tue, 27 Mar 2012 19:51:26 GMT

@LS2982 wrote:
@bvick27 wrote:
So I have had my Zync with the $500 limit and autopay for 13 months now and I was curious is anyone else has had any experience with these. I was hoping my limit would fall off by now but I am still waiting. Any insight?
How does your EX file look??

When you get it removed, please post, because I'm sure you will be the first.

Re: Zync autopay...

LS2982 — Tue, 27 Mar 2012 19:53:27 GMT

@learnin113 wrote:
@LS2982 wrote:
@bvick27 wrote:
So I have had my Zync with the $500 limit and autopay for 13 months now and I was curious is anyone else has had any experience with these. I was hoping my limit would fall off by now but I am still waiting. Any insight?
How does your EX file look??
When you get it removed, please post, because I'm sure you will be the first.

I'm sure it has alot to do with usage.

Re: Zync autopay...

dude11 — Tue, 27 Mar 2012 20:14:39 GMT

I have the same terms and I'm at 13 months going on 14. I have called them a few times about having the limit removed and have always been given the same crap. They periodically check your CRs and will determine when they will remove it.

Sorry. It sucks, but hey at least you're in right?!

I think I'm going to cancel it if the limit is not removed after 24 months or increased.

Re: Zync autopay...

pizzadude — Tue, 27 Mar 2012 20:16:18 GMT

Yeah I guess you could always cancel and then re~apply. If they want to stick you with a hard limit again you can decline......

Re: Zync autopay...

bvick27 — Tue, 03 Apr 2012 00:54:57 GMT

@FicoTron wrote:
@bvick27 wrote:
Ex is not perfect but no collections or derogs for 2+ years. I have paid off 3 car loans in that time, got the zync, a navy fed visa with a 9k limit, and a military star card with 2.5k limit. Current score is 696 according to an Amex Green denial.
What were the reasons for denial on the Green app?

According to them:

Your application was processed using our American Express Cardmember Risk Score which evaluates existing cardmembers. The reasons you did not score well were:

Your FICO? score (See below)

Your credit report indicates that you have one or more seriously delinquent or collections accounts and/or derogatory public records on file.

The number of creditors who have reviewed your credit report.

Fico score was 696 according to them. There are no collections at all and no delinquencies for the past 2+ years and in the past year I shopped for a home loan and a car loan and that was it. No big deal, just figure it was worth a try.

Re: Zync autopay...

mrmagic9799 — Tue, 03 Apr 2012 01:05:01 GMT

I'd call for a recon....ASAP!

Re: Zync autopay...

bvick27 — Tue, 03 Apr 2012 01:25:12 GMT

It was my understanding that with AMEX, they don't recon but instead just resubmit your application.

Re: Zync autopay...

trumpet-205 — Tue, 03 Apr 2012 02:28:41 GMT

@bvick27 wrote:
It was my understanding that with AMEX, they don't recon but instead just resubmit your application.

Correct. They only do recon if your report contains inaccurate information.