topic Re: Time to app maybe? in Credit Cards

Time to app maybe?

GoodCredBen — Tue, 28 Aug 2012 13:55:34 GMT

SO!

I want to app to get a card with a good limit...

Right now i am an AU on a card with 1250 limit, and i have my own cap 1 with 500 limit...

All of my scores hover right around 620, except for EX which i am not sure, it was right around 670 when the mortgage went through.....

do not pay attention to my scores below... everything has fluctuated.....

What should i attempt to app for?

Thanks.... love you all!!!

Re: Time to app maybe?

Razeus — Tue, 28 Aug 2012 14:03:28 GMT

I'd try the AMEX Zync, but personally, I'd wait until your scores in the high 600's.

Re: Time to app maybe?

GoodCredBen — Tue, 28 Aug 2012 14:05:14 GMT

i have been told the amex sync before.... but i was wondering.. with the mortgage i also have a few inq..... they dont like that do they?

Also... how does an amex work? If you use it does it have to be PIF? orrrrrr......? sorry im new to the amex world.... i have my amex business card so i know they will back date the card..... Business card is over a year old....

Re: Time to app maybe?

rckstrscott — Tue, 28 Aug 2012 14:08:34 GMT

@FairCredBen wrote:
i have been told the amex sync before.... but i was wondering.. with the mortgage i also have a few inq..... they dont like that do they?

Also... how does an amex work? If you use it does it have to be PIF? orrrrrr......? sorry im new to the amex world.... i have my amex business card so i know they will back date the card..... Business card is over a year old....

do you have ANY negatives still showing at all??

-scott

Re: Time to app maybe?

jamesdwi — Tue, 28 Aug 2012 14:08:56 GMT

Zync is probably the only way to get a non-toy limit with a 647, getting it up a bit higher would help with a NPSL, and/or a high income. Perhaps AP for Walmart and get CLI's every 4 months to help with CL's.

Re: Time to app maybe?

GoodCredBen — Tue, 28 Aug 2012 14:10:20 GMT

i have a few paid collections... im not sure what bad they are reporting? but amex moved my business credit from 5k limit to NPSL like 6 months back....

Re: Time to app maybe?

jamesdwi — Tue, 28 Aug 2012 14:26:54 GMT

AMEX Charge cards, you use the card untill the statement closes, you are then given a please pay by date about 2 weeks after the date the statement cuts. PIF and all is good. If money gets tight you can pay a bit latter but before the next statement cuts. but this should be avoided at all costs untill you have developed a relationship with them. If you haven;t paid by the time the next statement cuts, its then late do it twice and look forward to an FR and other not so fun things happening.

Re: Time to app maybe?

GoodCredBen — Tue, 28 Aug 2012 14:37:38 GMT

so amex zync is not like that? Amex zync is like a regular CC?

Re: Time to app maybe?

webhopper — Tue, 28 Aug 2012 14:48:46 GMT

@FairCredBen wrote:
i have been told the amex sync before.... but i was wondering.. with the mortgage i also have a few inq..... they dont like that do they?

Also... how does an amex work? If you use it does it have to be PIF? orrrrrr......? sorry im new to the amex world.... i have my amex business card so i know they will back date the card..... Business card is over a year old....

In my opinion, Zync is a good option for you.

Amex is unique in that you can charge a lot, and then you have to pay in full each month. There are no interest charges, and you earn points on your spending.

I also had a number of inquiries when I applied for Amex, (15+ due to mortgage)

In my case, it did not negatively affect my approval for the Zync. My spending power on the Zync is over 6k now, my highest reported balance was about $5785

Especially with your business Amex account, and your prior relationship with Amex, a personal Amex will be a nice addition to your profile

Re: Time to app maybe?

jamesdwi — Tue, 28 Aug 2012 15:34:10 GMT

ZYNC, GOLD, PR GOLD, Platinum are all Charge Cards

Zync has an option of giving you a hard limit of $200 (non-autopay) or $500 with auto-pay linked to your checking account. The rest are NPSL always.

Re: Time to app maybe?

GoodCredBen — Tue, 28 Aug 2012 16:05:10 GMT

so you have to pay in full every month?

I just want this card for emergencies... like if something were to happen i can use it and pay it off slowly...

Im assuming this is not how amex works?

Re: Time to app maybe?

webhopper — Tue, 28 Aug 2012 19:11:06 GMT

@FairCredBen wrote:
so you have to pay in full every month?

I just want this card for emergencies... like if something were to happen i can use it and pay it off slowly...

Im assuming this is not how amex works?

Nope, this would be the opposite of what an Amex charge card (Zync, Green, Platinum, Gold, PR Gold) is. You may be in line for approval of a co-branded Amex, such as Hilton Surpass or Delta Skymiles. These appear to be a little easier to get than the Blue Cash Everyday. If you get declined it MAY be a soft pull, as you already have an amex, but since your amex is a business Amex, i'm not sure how that works.

Re: Time to app maybe?

GoodCredBen — Tue, 28 Aug 2012 19:29:32 GMT

they did a hard pull when i first got the business card lol....

Re: Time to app maybe?

webhopper — Tue, 28 Aug 2012 19:42:59 GMT

@FairCredBen wrote:
they did a hard pull when i first got the business card lol....

Subsequent Amex applications are usually a SP if denied, and a HP if approved. I dont know if it makes a difference that your current card is a business card. Most people apply for the new card while logged into their Amex Online Account

Re: Time to app maybe?

nicholasyud — Tue, 28 Aug 2012 19:55:51 GMT

@jamesdwi wrote:
ZYNC, GOLD, PR GOLD, Platinum are all Charge Cards

Zync has an option of giving you a hard limit of $200 (non-autopay) or $500 with auto-pay linked to your checking account. The rest are NPSL always.

so its only 500 if you paid it in full each month ? not like 1000 or 2000 like other card ? And what happen after 1 years or 2 can you convert to one of their daily credit card ?

Re: Time to app maybe?

gettnthere — Tue, 28 Aug 2012 20:04:11 GMT

@nicholasyud wrote:
@jamesdwi wrote:
ZYNC, GOLD, PR GOLD, Platinum are all Charge Cards

Zync has an option of giving you a hard limit of $200 (non-autopay) or $500 with auto-pay linked to your checking account. The rest are NPSL always.

so its only 500 if you paid it in full each month ? not like 1000 or 2000 like other card ? And what happen after 1 years or 2 can you convert to one of their daily credit card ?

not sure i fully understand your question?? but the $200 & $500 CL on the Zync Card are COUNTER offers if you do not qualify for the NPSL ZYnc.