topic Re: Close Zync before applying? in Credit Cards

Close Zync before applying?

Anonymous — Thu, 09 Aug 2012 23:39:19 GMT

I have both a Gold PRG (opened in July) and a Zync (opened in March). I was wondering...Should I close the Zync account?

I might be looking into a Amex Revolver or a Chase Sapphire sometime at the top of the year. I don't want to have too many accounts opened with Amex.

I can always product change the Gold PRG back to a Zync or Green correct?

Re: Close Zync before applying?

pizzadude — Thu, 09 Aug 2012 23:44:38 GMT

I don't think having the ZYNC open would hurt your chances of applying for another AMEX card. If the card doesn't meet your needs then you could certainly close it, and yes you can always downgrade the Gold card to green or ZYNC.

Re: Close Zync before applying?

CK_Charles_Lover — Thu, 09 Aug 2012 23:44:44 GMT

I closed my Zync after I got the PRG, I just personally didn't want to have 2 charge cards when I know I'm only going to use 1. Some people keep them for different reasons. Yes you can PC your PRG to any other charge, usually.

Re: Close Zync before applying?

jamesdwi — Thu, 09 Aug 2012 23:49:03 GMT

@Anonymous wrote:
I have both a Gold PRG (opened in July) and a Zync (opened in March). I was wondering...Should I close the Zync account?
I might be looking into a Amex Revolver or a Chase Sapphire sometime at the top of the year. I don't want to have too many accounts opened with Amex.

I can always product change the Gold PRG back to a Zync or Green correct?

If the $24 AF isn't a problem, keep it open 2 isn't too many accounts, just use it and pay in full with the GOLD PRG it may be difficult to find a benefit to using its rewards. Multiple accounts PIF surely will be seen as a possitive to there internal scoring system. Next year when the PRG's AF hits you can cancel it or PC to green or plain gold.

Idealy the best plan would of been to wait and apply for the PRG in january, where its open date would appeared as 1/2012 3 months older with 13 months of age. I plan on APP for the PRG in January to get the maximum age boost, my first AMEX was openned in 12/2011, so I would get 24 months old card dated 1/2011.