topic Re: Amex Zync Or Gold? in Credit Cards

Amex Zync Or Gold?

FicoTron — Sat, 31 Mar 2012 04:18:16 GMT

I want to app for gold but I will probably only push about $15000 through the card per year. Is it worth the extra $100 to get MR points, or should I just go with the Zync at $25? Keeping in mind that I am borderline for approval with around a 690 score.

Re: Amex Zync Or Gold?

pizzadude — Sat, 31 Mar 2012 04:19:32 GMT

How much of that spend will be for traveling versus everyday stuff ?

Re: Amex Zync Or Gold?

FicoTron — Sat, 31 Mar 2012 04:24:05 GMT

$4500 for gas, the rest for everyday expenses...maybe $2000 for travel.

Re: Amex Zync Or Gold?

bichonmom — Sat, 31 Mar 2012 04:39:26 GMT

The rewards for Green and Gold are better if you do a lot of traveling. Otherwise, you're better off saving the AF and going with Zync. Of course, your first year's AF is waived and there are some really good 25k points offers out there for Gold, so it might be worth it for the first year and then you can always PC to Zync for year 2. (after 13 mos.)

Re: Amex Zync Or Gold?

Anonymous — Sat, 31 Mar 2012 04:42:34 GMT

Well, currently there is a 25,000 point welcome offer, so assuming you kept those for at least a year, and you spent what you said on those categories, you would have an additinal 13,000 MR points, so at then end of the year, you would have 38,000 MR points to spend. I say go Gold. Plus, The Zync has Membership Rewards EXPRESS, which don't hold the sam value the regular MR points have, I learned this the hard way, sadly. I was trying to book a room at the Hyatt, it it would cost me 25,000 points. I only had 10,000. Do the math, that means I would have to technically spend $25,000 to get a room. Ugh. This makes me want to app for the Gold. haha

Re: Amex Zync Or Gold?

pizzadude — Sat, 31 Mar 2012 04:45:07 GMT

Yeah I don't think that you could offset the PR Gold AF $175 without doing a lot more traveling. But yeah If you could get a signup bonus plus first year fee waived then you could try for free and always downgrade next year.

Re: Amex Zync Or Gold?

FicoTron — Sat, 31 Mar 2012 05:13:23 GMT

Right, I was talking about the regular gold card, isn't the pr gold a little harder to be approved for?

Re: Amex Zync Or Gold?

Anonymous — Sat, 31 Mar 2012 05:14:30 GMT

I was comparing them on Amex's website, it put the PRG on the left, and the Gold on the right, I got mixed up

Re: Amex Zync Or Gold?

bichonmom — Sat, 31 Mar 2012 05:17:46 GMT

This page explains the Gold rewards vs. some of their other cards. Also, if you scroll down a bit, you'll see the link to the 25k bonus.

http://www.nerdwallet.com/blog/credit-cards/american-express-gold-card-review/

Re: Amex Zync Or Gold?

Anonymous — Sat, 31 Mar 2012 05:32:44 GMT

@bichonmom wrote:
The rewards for Green and Gold are better if you do a lot of traveling. Otherwise, you're better off saving the AF and going with Zync. Of course, your first year's AF is waived and there are some really good 25k points offers out there for Gold, so it might be worth it for the first year and then you can always PC to Zync for year 2. (after 13 mos.)

Re: Amex Zync Or Gold?

Anonymous — Sat, 31 Mar 2012 05:34:26 GMT

This almost makes me want to app since it will only be a SP if denied

Re: Amex Zync Or Gold?

FicoTron — Sat, 31 Mar 2012 05:59:36 GMT

If I knew it was as easy to get a gold as it is the Zync, I would app for it right now.

Re: Amex Zync Or Gold?

Anonymous — Sat, 31 Mar 2012 06:51:56 GMT

I don't see why you wouldn't be approved with a 705 on your Experian..

Re: Amex Zync Or Gold?

FicoTron — Sat, 31 Mar 2012 13:13:42 GMT

@Anonymous wrote:
I don't see why you wouldn't be approved with a 705 on your Experian..

2 30 day lates from 6 years ago and a CO from 6 years ago that I paid in December of last year, so it updated the CO status, making it look like a recent CO. My EX is in the 690's. Good AAoA, low credit amounts on two rebuilder cards for 2 years always PIF.

Re: Amex Zync Or Gold?

LS2982 — Sat, 31 Mar 2012 13:15:18 GMT

@FicoTron wrote:
@Anonymous wrote:
I don't see why you wouldn't be approved with a 705 on your Experian..
2 30 day lates from 6 years ago and a CO from 6 years ago that I paid in December of last year, so it updated the CO status, making it look like a recent CO. My EX is in the 690's. Good AAoA, low credit amounts on two rebuilder cards for 2 years always PIF.

Your file is almost identical to mine except the CO is a Tax lien on mine same age paid.

Re: Amex Zync Or Gold?

FicoTron — Sun, 01 Apr 2012 15:29:55 GMT

That's good news. That is why I am starting to lean toward the Zync, but I really want the gold. Just was hoping to get some success stories on the gold.

Re: Amex Zync Or Gold?

LS2982 — Sun, 01 Apr 2012 16:43:19 GMT

@FicoTron wrote:
That's good news. That is why I am starting to lean toward the Zync, but I really want the gold. Just was hoping to get some success stories on the gold.

If you can get in on Zync yo ucan with Green as well. Why not get one of those, hold it for 6 months then get the Gold?

Re: Amex Zync Or Gold?

FicoTron — Sun, 01 Apr 2012 18:13:28 GMT

I've gotten mail offers for green and gold. The way I look at it, paying the extra $30 for the gold over green is no problem. If it were possible to PC from Zync I would app for it this instant. That's why I keep throwing out feelers to see if it is harder to get the gold than it is to get green/Zync.

Re: Amex Zync Or Gold?

LS2982 — Sun, 01 Apr 2012 18:28:49 GMT

@Ficotron So getting the green then later getting th gold is out of the picture?

IMO, and from what I seen on the forums, if your qualified fo the green you can get the gold.

Re: Amex Zync Or Gold?

Anonymous — Sun, 01 Apr 2012 18:30:42 GMT

@FicoTron wrote:
I've gotten mail offers for green and gold. The way I look at it, paying the extra $30 for the gold over green is no problem. If it were possible to PC from Zync I would app for it this instant. That's why I keep throwing out feelers to see if it is harder to get the gold than it is to get green/Zync.

If you've been getting offers for the gold as well as the green, I'd say that you have a good chance at getting it. I'd recommend that you app for the card that you really want.