topic Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ?? in Credit Cards

AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 12:38:25 GMT

I am extremely thrilled to report I have been approved for AMEX Zync, HOWEVER, I was given the Auto Pay $500 hard limit offer which is not bad...at least my foot in the doo r, but my question is this: I've searched the forum and know that many people have this option as well....some for months now. Looking to find out if you have ever had the Hard Limit lifted.....and/or has the Limit been increased at all?? Or does it forever stay autopay and $500 hard limit.

Also, I was reading the Card Agreement and was a bit surprised to see that it says something to the affect that Applications for New AMEX Cards may be denied?! Does this mean even after a year with excellent payment, great FICO scores etc...that I can never apply and be approved for another type of AMEX card? Anyone with PSL auto pay been approved for another AMEX product?

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 12:51:20 GMT

@Anonymous wrote:
I am extremely thrilled to report I have been approved for AMEX Zync, HOWEVER, I was given the Auto Pay $500 hard limit offer which is not bad...at least my foot in the doo r, but my question is this: I've searched the forum and know that many people have this option as well....some for months now. Looking to find out if you have ever had the Hard Limit lifted.....and/or has the Limit been increased at all?? Or does it forever stay autopay and $500 hard limit.

Also, I was reading the Card Agreement and was a bit surprised to see that it says something to the affect that Applications for New AMEX Cards may be denied?! Does this mean even after a year with excellent payment, great FICO scores etc...that I can never apply and be approved for another type of AMEX card? Anyone with PSL auto pay been approved for another AMEX product?

They review accounts periodically.

You can apply for a different Amex card at anytime but I strongly reccomend against it at the time being. Zync is the easist charge card to get and they put a hard limit on it so chances are high anything else would be denied. My friend has 1500 limit on zync and was approved for green.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 12:57:36 GMT

@Anonymous wrote:
@Anonymous wrote:
I am extremely thrilled to report I have been approved for AMEX Zync, HOWEVER, I was given the Auto Pay $500 hard limit offer which is not bad...at least my foot in the doo r, but my question is this: I've searched the forum and know that many people have this option as well....some for months now. Looking to find out if you have ever had the Hard Limit lifted.....and/or has the Limit been increased at all?? Or does it forever stay autopay and $500 hard limit.

Also, I was reading the Card Agreement and was a bit surprised to see that it says something to the affect that Applications for New AMEX Cards may be denied?! Does this mean even after a year with excellent payment, great FICO scores etc...that I can never apply and be approved for another type of AMEX card? Anyone with PSL auto pay been approved for another AMEX product?
They review accounts periodically.

You can apply for a different Amex card at anytime but I strongly reccomend against it at the time being. Zync is the easist charge card to get and they put a hard limit on it so chances are high anything else would be denied. My friend has 1500 limit on zync and was approved for green.

Thanks for responding! No, I don't plan on apping for another AMEX for another 18 months, but I just wanted to know if I even had the option to do so. This Zync will serve as my debit card for small every day purchases I make, so the $500 limit is okay for now. Just wanted to know was there a chance for any sort of increase or could I app for another AMEX product in the future. Thanks!!!!

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 13:08:37 GMT

Yes you can apply in the future. You can also force the 500 limit higher by sending them a check at the beginning of the month if you plan to do a large purchase.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 13:17:31 GMT

@Anonymous wrote:
Yes you can apply in the future. You can also force the 500 limit higher by sending them a check at the beginning of the month if you plan to do a large purchase.

Oh I see...thanks Tanner!

Also, I have another question....I didn't sign up for any packs...will I be ableto sign up after I get my card? I just noticed that the AMEX is accepted at a coffee shop I frequent every day so I would like to sign up for the Restaurant Pack if possible.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 13:55:32 GMT

@Anonymous wrote:
@Anonymous wrote:
Yes you can apply in the future. You can also force the 500 limit higher by sending them a check at the beginning of the month if you plan to do a large purchase.
Oh I see...thanks Tanner!

Also, I have another question....I didn't sign up for any packs...will I be ableto sign up after I get my card? I just noticed that the AMEX is accepted at a coffee shop I frequent every day so I would like to sign up for the Restaurant Pack if possible.

You will be able to add a pack at any time. You can also change them when you want.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

LS2982 — Sat, 07 Apr 2012 14:11:29 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I am extremely thrilled to report I have been approved for AMEX Zync, HOWEVER, I was given the Auto Pay $500 hard limit offer which is not bad...at least my foot in the doo r, but my question is this: I've searched the forum and know that many people have this option as well....some for months now. Looking to find out if you have ever had the Hard Limit lifted.....and/or has the Limit been increased at all?? Or does it forever stay autopay and $500 hard limit.

Also, I was reading the Card Agreement and was a bit surprised to see that it says something to the affect that Applications for New AMEX Cards may be denied?! Does this mean even after a year with excellent payment, great FICO scores etc...that I can never apply and be approved for another type of AMEX card? Anyone with PSL auto pay been approved for another AMEX product?
They review accounts periodically.

You can apply for a different Amex card at anytime but I strongly reccomend against it at the time being. Zync is the easist charge card to get and they put a hard limit on it so chances are high anything else would be denied. My friend has 1500 limit on zync and was approved for green.
Thanks for responding! No, I don't plan on apping for another AMEX for another 18 months, but I just wanted to know if I even had the option to do so. This Zync will serve as my debit card for small every day purchases I make, so the $500 limit is okay for now. Just wanted to know was there a chance for any sort of increase or could I app for another AMEX product in the future. Thanks!!!!

18 months from now you should be fine as long as your EX report is up to snuff and the Zync has been handled properly.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 16:44:30 GMT

@LS2982 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I am extremely thrilled to report I have been approved for AMEX Zync, HOWEVER, I was given the Auto Pay $500 hard limit offer which is not bad...at least my foot in the doo r, but my question is this: I've searched the forum and know that many people have this option as well....some for months now. Looking to find out if you have ever had the Hard Limit lifted.....and/or has the Limit been increased at all?? Or does it forever stay autopay and $500 hard limit.

Also, I was reading the Card Agreement and was a bit surprised to see that it says something to the affect that Applications for New AMEX Cards may be denied?! Does this mean even after a year with excellent payment, great FICO scores etc...that I can never apply and be approved for another type of AMEX card? Anyone with PSL auto pay been approved for another AMEX product?
They review accounts periodically.

You can apply for a different Amex card at anytime but I strongly reccomend against it at the time being. Zync is the easist charge card to get and they put a hard limit on it so chances are high anything else would be denied. My friend has 1500 limit on zync and was approved for green.
Thanks for responding! No, I don't plan on apping for another AMEX for another 18 months, but I just wanted to know if I even had the option to do so. This Zync will serve as my debit card for small every day purchases I make, so the $500 limit is okay for now. Just wanted to know was there a chance for any sort of increase or could I app for another AMEX product in the future. Thanks!!!!

18 months from now you should be fine as long as your EX report is up to snuff and the Zync has been handled properly.

That's awesome to hear! Do they hard pull for a new app or will it be a soft? I thought I remember reading on here somewhere that when you already have an AMEX and apply for another card it's a soft...could be wrong though....sounds to good to be true! LOL!

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sat, 07 Apr 2012 16:46:27 GMT

@Anonymous wrote:
@LS2982 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
I am extremely thrilled to report I have been approved for AMEX Zync, HOWEVER, I was given the Auto Pay $500 hard limit offer which is not bad...at least my foot in the doo r, but my question is this: I've searched the forum and know that many people have this option as well....some for months now. Looking to find out if you have ever had the Hard Limit lifted.....and/or has the Limit been increased at all?? Or does it forever stay autopay and $500 hard limit.

Also, I was reading the Card Agreement and was a bit surprised to see that it says something to the affect that Applications for New AMEX Cards may be denied?! Does this mean even after a year with excellent payment, great FICO scores etc...that I can never apply and be approved for another type of AMEX card? Anyone with PSL auto pay been approved for another AMEX product?
They review accounts periodically.

You can apply for a different Amex card at anytime but I strongly reccomend against it at the time being. Zync is the easist charge card to get and they put a hard limit on it so chances are high anything else would be denied. My friend has 1500 limit on zync and was approved for green.
Thanks for responding! No, I don't plan on apping for another AMEX for another 18 months, but I just wanted to know if I even had the option to do so. This Zync will serve as my debit card for small every day purchases I make, so the $500 limit is okay for now. Just wanted to know was there a chance for any sort of increase or could I app for another AMEX product in the future. Thanks!!!!

18 months from now you should be fine as long as your EX report is up to snuff and the Zync has been handled properly.
That's awesome to hear! Do they hard pull for a new app or will it be a soft? I thought I remember reading on here somewhere that when you already have an AMEX and apply for another card it's a soft...could be wrong though....sounds to good to be true! LOL!

Not that the inquiry will be a big deal at that point though.....Most of mine will drop off by then.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

-Cain- — Sat, 07 Apr 2012 17:21:39 GMT

@goodcredit -

If you apply for another AmEx, an approval will be a hard pull, a denial will more than likely be a soft inquiry.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

mrmagic9799 — Mon, 09 Apr 2012 18:28:13 GMT

I just spoke with a seemingly knowledgable CSR at AMEX, and she stated that in "6 months with an excellent history with the card it'll be lifted and you can spend more than enough" She said this is a program they started for college students and people new to credit because they usually get into trouble within the first 6 mths.. So NO MORE APPS, AND KEEPING THOSE BALANCES LOW FOR ME AND WE'll see

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

dude11 — Tue, 10 Apr 2012 16:58:33 GMT

@mrmagic9799 wrote:
I just spoke with a seemingly knowledgable CSR at AMEX, and she stated that in "6 months with an excellent history with the card it'll be lifted and you can spend more than enough" She said this is a program they started for college students and people new to credit because they usually get into trouble within the first 6 mths.. So NO MORE APPS, AND KEEPING THOSE BALANCES LOW FOR ME AND WE'll see

I have had this card with the 500/Autopay option for 14 months now and the limit still has not been removed or increased. Now I don't have excellent credit, but you would think after 1 yr they would remove it or at least increase it. I run anywhere between $500-$800 on a monthly basis and always multiple times per month.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

migo13 — Sat, 15 Sep 2012 20:42:04 GMT

@mrmagic9799 wrote:
I just spoke with a seemingly knowledgable CSR at AMEX, and she stated that in "6 months with an excellent history with the card it'll be lifted and you can spend more than enough" She said this is a program they started for college students and people new to credit because they usually get into trouble within the first 6 mths.. So NO MORE APPS, AND KEEPING THOSE BALANCES LOW FOR ME AND WE'll see

Did they ever lift your PSL?

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

jsucool76 — Sat, 15 Sep 2012 20:52:14 GMT

I think initially they might have done that to some people, but for the most part you don't hear about anyone getting it lifted anymore.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

CreditScholar — Sun, 16 Sep 2012 03:17:26 GMT

@jsucool76 wrote:
I think initially they might have done that to some people, but for the most part you don't hear about anyone getting it lifted anymore.

It virtually never happens. The Zync with a toy hard limit is basically a subprime product offered by a prime lender. Use it well as a springboard to something else, but don't expect it to grow with you or you'll be sorely disappointed.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Revelate — Sun, 16 Sep 2012 06:07:54 GMT

@CreditScholar wrote:
@jsucool76 wrote:
I think initially they might have done that to some people, but for the most part you don't hear about anyone getting it lifted anymore.
It virtually never happens. The Zync with a toy hard limit is basically a subprime product offered by a prime lender. Use it well as a springboard to something else, but don't expect it to grow with you or you'll be sorely disappointed.

In fairness, the Zync and even the rest of the charge card products are sorta sub-prime especially if you go off the actual FICO definition of prime vs. subprime.

In any event, the vast majority of this forum uses Amex charge cards as a foot in the door, and the Zync works just fine for that. Regardless of whether you consider it prime or not, an Amex relationship is still absolutely worthy to have for one's future FICO plans... which likely everyone on this forum has some sort of goal on.

Edit: in thinking about it more, it doesn't surprise me that the Zync limit wouldn't be removed: I don't think Amex considers the Zync as one of their goal cards, namely they're hoping you'll move onto bigger and better things in the future.

Personally I'd be just fine with a $500 limit on mine, though I'm starting to think I have a reasonable shot at NPSL as well.... but for me it's all backdating and the eventual Amex revolver at some point in the future.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

jsucool76 — Sun, 16 Sep 2012 06:08:09 GMT

This may have been asked already, so sorry if it has but...

If you get the hard limit, does your balance on the card start affecting your utilization, or no?

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Revelate — Sun, 16 Sep 2012 06:22:34 GMT

@jsucool76 wrote:
This may have been asked already, so sorry if it has but...

If you get the hard limit, does your balance on the card start affecting your utilization, or no?

Nope, it's the same as any other charge card... the term is still one month and that's what gets the charge cards excluded under FICO '04 and FICO '08; however, your high balance isn't going to be particularly significant, and if you do get stuck with a '98 FICO pull, it could be worse as a result of the limited high balance.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

CreditScholar — Sun, 16 Sep 2012 08:35:18 GMT

@Revelate wrote:
@CreditScholar wrote:
@jsucool76 wrote:
I think initially they might have done that to some people, but for the most part you don't hear about anyone getting it lifted anymore.
It virtually never happens. The Zync with a toy hard limit is basically a subprime product offered by a prime lender. Use it well as a springboard to something else, but don't expect it to grow with you or you'll be sorely disappointed.
In fairness, the Zync and even the rest of the charge card products are sorta sub-prime especially if you go off the actual FICO definition of prime vs. subprime.

In any event, the vast majority of this forum uses Amex charge cards as a foot in the door, and the Zync works just fine for that. Regardless of whether you consider it prime or not, an Amex relationship is still absolutely worthy to have for one's future FICO plans... which likely everyone on this forum has some sort of goal on.

Edit: in thinking about it more, it doesn't surprise me that the Zync limit wouldn't be removed: I don't think Amex considers the Zync as one of their goal cards, namely they're hoping you'll move onto bigger and better things in the future.

Personally I'd be just fine with a $500 limit on mine, though I'm starting to think I have a reasonable shot at NPSL as well.... but for me it's all backdating and the eventual Amex revolver at some point in the future.

Regardless of whether it is a charge card or not, it still has subprime-like terms. If you didn't know it was an Amex and only heard the terms: a $200-500 limit credit card, plus an annual fee and a subpar rewards program that offers ~1% sounds like a subprime card. I agree that the benefits are primarily to build a relationship with Amex, but it's an anomaly when compared to many of their other (better) products. I think people get overly excited about getting one when the card itself is frankly pretty lousy.

Re: AMEX Zync - Anyone have Auto Pay and PSL Removed ??

Anonymous — Sun, 16 Sep 2012 12:08:10 GMT

Congrats on your approval be the way