topic Re: amex zync or green? in Credit Cards

amex zync or green?

missambitious — Tue, 12 Jun 2012 02:09:12 GMT

I have 8 months of history with a boa cc and a $1,000 cl, Just got a increase to $1,500 (because I chickened out on asking for more) but I work and do school but have a pretty nice income for being 19. Ultimately want a bcp but charge cards are supposedly easier to get, so I'm not sure which to choose only because I think in the long run the green would make the most sense as I hope to one day get gold and travel but right now I am definitely focused on the gas/grocery rewards my boa cc offers. The AF annoys me but the rewards on zync seem measily, and points in general are not my main goal-the bcp will replace the use of my boa cash reward card when i can get my hands on it hopefully by next summer

What do y'all think?

Re: amex zync or green?

pizzadude — Tue, 12 Jun 2012 02:11:51 GMT

@missambitious wrote:
I have 8 months of history with a boa cc and a $1,000 cl, Just got a increase to $1,500 (because I chickened out on asking for more) but I work and do school but have a pretty nice income for being 19. Ultimately want a bcp but charge cards are supposedly easier to get, so I'm not sure which to choose only because I think in the long run the green would make the most sense as I hope to one day get gold and travel but right now I am definitely focused on the gas/grocery rewards my boa cc offers. The AF annoys me but the rewards on zync seem measily, and points in general are not my main goal-the bcp will replace the use of my boa cash reward card when i can get my hands on it hopefully by next summer

What do y'all think?

The rewards on the Zync card aren't too shabby if you can work the packs to your advantage. I'd read up on the Zync and at least give it some consideration over the Green. You can easily recoup the $25 AF with promotional offers during the year.

Re: amex zync or green?

-Cain- — Tue, 12 Jun 2012 02:18:19 GMT

You can also try Green for a year while the AF is waived and then downgrade to Zync. Have you checked the AmEx site for any special offers for you (cards, signup bonus)?

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 02:32:30 GMT

There weren't any offers specifically for the green so then I was thinking of doing a gold app for the first year fee to be waived, but my lack of cl & history worry me for the gold but not so much for green.

Re: amex zync or green?

Anonymous — Tue, 12 Jun 2012 02:48:16 GMT

Got invitation for AmEx Green, applied for Zync (and was approved -- $1200 CL on my other card, low income) instead because I couldn't justify the AF. $25/yr is reasonable enough for me to get my foot into the AmEx door and have backdating ready for the BCE or BCP.

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 04:22:31 GMT

So if I apply for one of these and got denied, would that mean (because it was a hp and negatively affects my already lowish score) I should wait about a year to try again? Or get something like a discover to build with for a while?

Re: amex zync or green?

-Cain- — Tue, 12 Jun 2012 04:40:27 GMT

How many inquiries do you have on EX? I applied every three months, third app was my lucky app.

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 04:47:31 GMT

@-Cain- wrote:
How many inquiries do you have on EX? I applied every three months, third app was my lucky app.

Just the one from 8 months ago when I applied for the boa cc

Re: amex zync or green?

-Cain- — Tue, 12 Jun 2012 04:51:55 GMT

I don't think 1 inquiry will hurt you too much. If you are in no hurry, wait for the year mark with your BofA card to show a little more history. Keep checking for offers in the meantime.

Re: amex zync or green?

-Cain- — Tue, 12 Jun 2012 04:54:23 GMT

By the way, it is thought by some on these boards that the approval criteria for Green is the same as for the Golds. What are your FICO scores and why do you feel the are low? Sorry if you posted them somewhere and I missed it.

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 05:03:55 GMT

@-Cain- wrote:
By the way, it is thought by some on these boards that the approval criteria for Green is the same as for the Golds. What are your FICO scores and why do you feel the are low? Sorry if you posted them somewhere and I missed it.

I assume they are low due to a short credit history and limit. I am in the process of signing up for the 10 day trial to see my scores but ran into a problem. Apparently equifax does not have my ssn on file or they have a lack of information so I had to mail in a copy of my id and w2 form as proof of existence. I would have used fax but I got impatient(no access until tomorrow afternoon).

Re: amex zync or green?

-Cain- — Tue, 12 Jun 2012 05:24:48 GMT

Update us when you get your score. Oh, and Welcome to the Forums!

Re: amex zync or green?

Revelate — Tue, 12 Jun 2012 05:34:15 GMT

Zync MRE points can be linked against a higher charge card later AFAIK for redemption in the full MR point program. Unless you travel the rewards program on the Green / Gold / Plat really don't offer much more than the Zync, and the point acceleration of the Zync packs would be the more optimal solution for you in my opinion.

It really is a good card if your spending profile fits it, and it is the product Amex specifically designed for your particular demographic (short / limited credit history).

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 05:35:22 GMT

Thank You! & Sure Will

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 05:38:26 GMT

@Revelate wrote:
Zync MRE points can be linked against a higher charge card later AFAIK for redemption in the full MR point program. Unless you travel the rewards program on the Green / Gold / Plat really don't offer much more than the Zync, and the point acceleration of the Zync packs would be the more optimal solution for you in my opinion.

It really is a good card if your spending profile fits it, and it is the product Amex specifically designed for your particular demographic (short / limited credit history).

AFAIK-as far as i know?

So I can use zync for a while & if I update or add a green or gold charge, I can make the MRE points MR? Its true the travel rewards dont benefit me now but I am sure later in life I will be happy to have them. I will try the zync but first I want to clear my name with equifax, or get them to acknowledge me hehe

Although I dont think any of the zync packs will set me even at the end of the year, I can see why its a good start

Thanks All!!

Re: amex zync or green?

Revelate — Tue, 12 Jun 2012 06:06:12 GMT

Well, some of the packs are $0 anyway . It all depends on your spending profile and you're smart to do the math... if it doesn't stack up, then don't bother with any of the ones you pay for.

Open123 was really the expert on the Zync MRE linked to a Gold / Plat if I remember correctly, but unfortunately she's not around to comment currently I don't think. That was my AFAIK - As Far As I Know, basically parroting second-hand her most excellent information on this.

Re: amex zync or green?

Repo-ed — Tue, 12 Jun 2012 10:59:15 GMT

2 of my packs are $0.00

Re: amex zync or green?

missambitious — Tue, 12 Jun 2012 19:00:35 GMT

@Repo-ed wrote:
2 of my packs are $0.00

I liked those packs and I could see some use out of them eventually