topic Amex Charge Monthly Spending? in Credit Cards

Amex Charge Monthly Spending?

FicoTron — Wed, 20 Jun 2012 14:41:54 GMT

How much do other myfico Amex charge card holders run through their card monthly? I've had mine for 3 months now and love it. With my spending, I won't get much back at the end of the year after the $125 (Gold), but the added protections are worth it after that.

Re: Amex Charge Monthly Spending?

IOBA — Wed, 20 Jun 2012 14:45:27 GMT

I use my extensively and net a profit each year. LOVE IT!!

Where I thought color was important - not anymore. I made it to Platinum, hung out there for a few years, still made a profit. But now, I am a gold (by choice), and still make a profit. If I could, without loosing the history, I would drop back down to a green card. But Amex says that would be a new app, new card number.

Re: Amex Charge Monthly Spending?

FicoTron — Wed, 20 Jun 2012 14:48:18 GMT

I've heard you can go to a green from gold, just not Zync. You may want to look into that.

Re: Amex Charge Monthly Spending?

webhopper — Wed, 20 Jun 2012 15:42:35 GMT

I have spent 15.7k through zync sine I got it at the end of feb.

Anyone ever upgraded a zync to gold or similar? I like the charge card enough as a product that I could see carrying a fairly upgraded one to maximize rewards

Re: Amex Charge Monthly Spending?

CS800 — Wed, 20 Jun 2012 15:50:29 GMT

I use mine extensively for work purchases (travel tickets, hotels, rental cars, conference rooms, dinners), depends on the month from $1000 to $5000 per month on my Platinum.

Re: Amex Charge Monthly Spending?

Anonymous — Wed, 20 Jun 2012 15:53:29 GMT

Web, I think within first 13 months, it's new inquiry and card. You then cancel zync. At 13 months, you can pc up. Positives to new card new inquiry is that you should do it through signup bonus link like the prg gold with waived 1st year af and points. As for waiting, just don't use points as they will convert to better mr points once you get higher level Amex charge card.

Re: Amex Charge Monthly Spending?

Creditaddict — Wed, 20 Jun 2012 16:13:12 GMT

@Anonymous wrote:
Web, I think within first 13 months, it's new inquiry and card. You then cancel zync. At 13 months, you can pc up. Positives to new card new inquiry is that you should do it through signup bonus link like the prg gold with waived 1st year af and points. As for waiting, just don't use points as they will convert to better mr points once you get higher level Amex charge card.

Bingo... to the Zync poster about upgrading... I would do this (Applky for Gold Plus with opening rewards and free for one year AF and let your Zync sit back and link it over to your Gold once you set that up online and your points will convert... it's win win.

To poster that has Gold and wants Green, You should have no issues going from Gold to Green, and actually I don't know why you wouldn't be able to go to Zync. I did! The first commercial I saw for Zync I was on phone with rep in under 30 seconds and it was PC from Gold to Zync in under 5 minutes!

You have to have the account for over a year now to do PC when it involves AF but after that should not be issue.

Re: Amex Charge Monthly Spending?

webhopper — Wed, 20 Jun 2012 18:45:08 GMT

So far I've only used points once. I redeemed for an iHome system to use with my iphone.

After the 13 months, does it cost a HP to upgrade?

Re: Amex Charge Monthly Spending?

Anonymous — Wed, 20 Jun 2012 19:12:50 GMT

I probably average about $500 a month through my Zync

Re: Amex Charge Monthly Spending?

pizzadude — Wed, 20 Jun 2012 19:14:09 GMT

@webhopper wrote:
So far I've only used points once. I redeemed for an iHome system to use with my iphone.

After the 13 months, does it cost a HP to upgrade?

I believe that upgrades and PCs are only a soft pull.

Re: Amex Charge Monthly Spending?

RockinRay — Wed, 20 Jun 2012 19:40:54 GMT

I used to run $750 or so per month through my Zync. Have the BCE now so really did not see value in the Zync. But now, I kind of miss it.

Got some great comments on it when I had it...

Re: Amex Charge Monthly Spending?

Repo-ed — Wed, 20 Jun 2012 19:43:47 GMT

Haven't had it yet a month, so not sure. If I had to guess, I'll avg 1k +/-/mo.

Re: Amex Charge Monthly Spending?

CK_Charles_Lover — Wed, 20 Jun 2012 20:39:49 GMT

I run between $1500 and $2000 a month was on zync but got the GPR card last month. Afew months maybe $3000, but that was the most.

Re: Amex Charge Monthly Spending?

webhopper — Wed, 20 Jun 2012 22:00:23 GMT

How much does.your spend need to be to justify.different amex levels...

Example: plat vs gold vs pr gold; how much do you have.to spend on each one to recoup your AF?

Re: Amex Charge Monthly Spending?

webhopper — Wed, 20 Jun 2012 23:45:50 GMT

If I ended up getting a blue card in the future; would Mr points from zync transfer in that scenario?

Re: Amex Charge Monthly Spending?

Anonymous — Thu, 21 Jun 2012 00:24:31 GMT

@webhopper wrote:
If I ended up getting a blue card in the future; would Mr points from zync transfer in that scenario?

Yes, as long as you have one card open and enrolled in the membership rewards program you keep your points. You can open a Blue and then close the Zync and keep all your points. Technically, each cardmember has one membership rewards account, no matter how many cards he or she may have that earn MR points.

Re: Amex Charge Monthly Spending?

webhopper — Thu, 21 Jun 2012 00:28:11 GMT

I really like the zync so i would probably keep it open. Having a charge card keeps me honest on paying in full and the packs are working well for us.

Re: Amex Charge Monthly Spending?

cahiatt — Thu, 21 Jun 2012 02:07:00 GMT

I just got this Zync in late June of last year. Just did a year end analysis from the AMEX site and it shows $36646.85 from July 1 to Dec 31. I travel almost every week for work and buy a lot of samples for design and production so about $6k per month.

I think I'll follow the other advise and get the Gold card to transfer all my points.....

Re: Amex Charge Monthly Spending?

CK_Charles_Lover — Thu, 21 Jun 2012 02:41:28 GMT

cahiatt

If you are spending that much on zync you should definitely call and apply for PRG card. Its $175 a year but first year free, and if you are traveling for work you get 3X points on air. 2X gas restaurants so you would definitely benefit. You also will 25000 points bonus for spending 2000 in 3 months. Like you said all those points you have from the zync would be transferable and able to get airline miles.

Re: Amex Charge Monthly Spending?

cahiatt — Thu, 21 Jun 2012 16:54:30 GMT

@CK_Charles_Lover wrote:
@cahiatt

If you are spending that much on zync you should definitely call and apply for PRG card....

I may look into it next month. I'm scheduled to close on a house on July 2nd so I'm not messing with anything right now. At the time I app'd for the Zync I think my FICO score was only about 650. I also recalled an account I had go into charge-off status with AMEX back in 1993. I did pay it off in full around 1995 but thought I might have been blacklisted. Was suprised when they approved the Zync and sorta liked the super low AF and no spending limit so I just kept using it.