topic Re: American Express Zync How Long Should I Wait To Apply For It in Credit Cards

American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 05:22:55 GMT

I Only Have An Usaa Cash reward visa with a 500 $ limit no inquiries on the reports...... none just have 8 months with credit my history is clean no student loans or collections or nothing How long should i wait to apply for one or at least to have a chance i heard from this forum that thats the easy one to get to get statrted >>??? BY THE WAY IM NEW TO THE FORUM.....

Re: American Express Zync How Long Should I Wait To Apply For It

jsucool76 — Sun, 16 Sep 2012 05:27:46 GMT

First of all, Welcome to the forums!

It is recommended to have at least 6 months of history under your belt (which you do) although I'm not sure what your chances would be with only a $500 limit reporting.

Re: American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 05:31:54 GMT

@jsucool76 wrote:
First of all, Welcome to the forums!

It is recommended to have at least 6 months of history under your belt (which you do) although I'm not sure what your chances would be with only a $500 limit reporting.

THANK YOU what do you personally rcomend that i need to do to get one<<<<<???? im like the rewards and programs they offer thats what got my attention

Re: American Express Zync How Long Should I Wait To Apply For It

jsucool76 — Sun, 16 Sep 2012 05:33:24 GMT

I don't have one, I can't be totally sure. I'm in the garden, hopefully ending up with one after my time here

Someone else will step up who knows a lot more about the zync than I, but I just happen to know 6+ months is recommended

Re: American Express Zync How Long Should I Wait To Apply For It

bichonmom — Sun, 16 Sep 2012 05:41:29 GMT

@Anonymous wrote:
I Only Have An Usaa Cash reward visa with a 500 $ limit no inquiries on the reports...... none just have 8 months with credit my history is clean no student loans or collections or nothing How long should i wait to apply for one or at least to have a chance i heard from this forum that thats the easy one to get to get statrted >>??? BY THE WAY IM NEW TO THE FORUM.....

You'd probably be able to get Zync, but it's a close call. It would be better if you had more than one TL reporting for 1 year or longer. You might want to get a GECRB store card (e.g. Walmart, JCPenny, Lowes, Old Navy, etc.) and app for Zync in 6 mos. You can CLI GE cards every 4th stmt and usually be approved. That will help with higher CLs showing on your CR. Also, I'd try to CLI your USAA -- either now or when you've had the card 12 mos.

You may get Zync now; it's really hard to predict. I do think your chances would be better if you had a little more credit history reporting, though.

On the other hand, if you are denied, it's only one HP. Then you'd know for sure. And if you don't get it, then you can work on your credit file so you can re-apply in 6 mos or so.

FYI, Walmart is nice to have because they give a free monthly TU FICO.

Re: American Express Zync How Long Should I Wait To Apply For It

jsucool76 — Sun, 16 Sep 2012 05:45:46 GMT

@bichonmom wrote:
@Anonymous wrote:
I Only Have An Usaa Cash reward visa with a 500 $ limit no inquiries on the reports...... none just have 8 months with credit my history is clean no student loans or collections or nothing How long should i wait to apply for one or at least to have a chance i heard from this forum that thats the easy one to get to get statrted >>??? BY THE WAY IM NEW TO THE FORUM.....
You'd probably be able to get Zync, but it's a close call. It would be better if you had more than one TL reporting for 1 year or longer. You might want to get a GECRB store card (e.g. Walmart, JCPenny, Lowes, Old Navy, etc.) and app for Zync in 6 mos. You can CLI GE cards every 4th stmt and usually be approved. That will help with higher CLs showing on your CR. Also, I'd try to CLI your USAA -- either now or when you've had the card 12 mos.

You may get Zync now; it's really hard to predict. I do think your chances would be better if you had a little more credit history reporting, though.

On the other hand, if you are denied, it's only one HP. Then you'd know for sure. And if you don't get it, then you can work on your credit file so you can re-apply in 6 mos or so.

FYI, Walmart is nice to have because they give a free monthly TU FICO.

This is what I was thinking. And if OP was approved I have a feeling it would be with a hard limit.

Re: American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 05:57:56 GMT

@bichonmom wrote:
@Anonymous wrote:
I Only Have An Usaa Cash reward visa with a 500 $ limit no inquiries on the reports...... none just have 8 months with credit my history is clean no student loans or collections or nothing How long should i wait to apply for one or at least to have a chance i heard from this forum that thats the easy one to get to get statrted >>??? BY THE WAY IM NEW TO THE FORUM.....
You'd probably be able to get Zync, but it's a close call. It would be better if you had more than one TL reporting for 1 year or longer. You might want to get a GECRB store card (e.g. Walmart, JCPenny, Lowes, Old Navy, etc.) and app for Zync in 6 mos. You can CLI GE cards every 4th stmt and usually be approved. That will help with higher CLs showing on your CR. Also, I'd try to CLI your USAA -- either now or when you've had the card 12 mos.

You may get Zync now; it's really hard to predict. I do think your chances would be better if you had a little more credit history reporting, though.

On the other hand, if you are denied, it's only one HP. Then you'd know for sure. And if you don't get it, then you can work on your credit file so you can re-apply in 6 mos or so.

FYI, Walmart is nice to have because they give a free monthly TU FICO

thank you so much for the advices im gonna go on the safe side of it and wait lil more.... im gonna go and try to apply for a jcpenny or even the american eagle card do you guys think i have a chance on those ??????

Re: American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 05:59:35 GMT

@jsucool76 wrote:
@bichonmom wrote:
@Anonymous wrote:
I Only Have An Usaa Cash reward visa with a 500 $ limit no inquiries on the reports...... none just have 8 months with credit my history is clean no student loans or collections or nothing How long should i wait to apply for one or at least to have a chance i heard from this forum that thats the easy one to get to get statrted >>??? BY THE WAY IM NEW TO THE FORUM.....
You'd probably be able to get Zync, but it's a close call. It would be better if you had more than one TL reporting for 1 year or longer. You might want to get a GECRB store card (e.g. Walmart, JCPenny, Lowes, Old Navy, etc.) and app for Zync in 6 mos. You can CLI GE cards every 4th stmt and usually be approved. That will help with higher CLs showing on your CR. Also, I'd try to CLI your USAA -- either now or when you've had the card 12 mos.

You may get Zync now; it's really hard to predict. I do think your chances would be better if you had a little more credit history reporting, though.

On the other hand, if you are denied, it's only one HP. Then you'd know for sure. And if you don't get it, then you can work on your credit file so you can re-apply in 6 mos or so.

FYI, Walmart is nice to have because they give a free monthly TU FICO.

This is what I was thinking. And if OP was approved I have a feeling it would be with a hard limit.

whats a hard limit ???? lol im just starting.......this credit thing

Re: American Express Zync How Long Should I Wait To Apply For It

jsucool76 — Sun, 16 Sep 2012 06:03:06 GMT

any GECRB store cards really aren't that difficult to get. Walmart is a great one (if you shop there, if not don't bother) because of the free TU FICO score,

AE is also a GECRB card, so is old navy, gap, banana republic, (those last 3 are all useable at all 3 stores (I.E Old navy works at GAP, GAP works at banana republic, ) ) So if you shop at any of those stores it is definitely worth it to try. JCP is a GE card too if I'm not mistaken.

They almost always pull TU, and you might get a low limit (maybe $150 or something) but it will grow with you so long as you treat it well.

Edit: Some people get approved for zync with a counteroffer. Whereas a normal charge card has NPSL (No Preset Spending Limit), they'll be given the option of a $200 limit, or a $500 limit with autopay enabled (which will automatically pay your balance through a connected bank account by your due date)

Re: American Express Zync How Long Should I Wait To Apply For It

bichonmom — Sun, 16 Sep 2012 06:04:09 GMT

I think you'd be approved for a GECRB card. Penneys is GE. I'm not sure who backs the CC for American Eagle.

I wouldn't get more than 1 (or 2 max!) store cards. The more new accts you add, the lower your AAoA (aging of accounts) drops and also your FICO.

Re: American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 06:08:17 GMT

@bichonmom wrote:
I think you'd be approved for a GECRB card. Penneys is GE. I'm not sure who backs the CC for American Eagle.

I wouldn't get more than 1 (or 2 max!) store cards. The more new accts you add, the lower your AAoA (aging of accounts) drops and also your FICO.

ok guys i will try jcpenny and the american eagle on the same visit to the mall or should apply on diferents days for those also was thinking of macys how bout the one ????

Re: American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 06:10:34 GMT

@jsucool76 wrote:
any GECRB store cards really aren't that difficult to get. Walmart is a great one (if you shop there, if not don't bother) because of the free TU FICO score,

AE is also a GECRB card, so is old navy, gap, banana republic, (those last 3 are all useable at all 3 stores (I.E Old navy works at GAP, GAP works at banana republic, ) ) So if you shop at any of those stores it is definitely worth it to try. JCP is a GE card too if I'm not mistaken.

They almost always pull TU, and you might get a low limit (maybe $150 or something) but it will grow with you so long as you treat it well.

Edit: Some people get approved for zync with a counteroffer. Whereas a normal charge card has NPSL (No Preset Spending Limit), they'll be given the option of a $200 limit, or a $500 limit with autopay enabled (which will automatically pay your balance through a connected bank account by your due date)

hey thanks for the american express zync explanation i really apreciate those advices

Re: American Express Zync How Long Should I Wait To Apply For It

jsucool76 — Sun, 16 Sep 2012 06:12:21 GMT

You can app 2 GECRB cards on the same day, I just wouldn't go past 2 or 3 or they start throwing out your apps automatically.

Macy's I'm not so sure about, from what I've heard it might be a bit harder to get, it is not a GE card. My sister got approved for the Macy's amex with 2 accounts reporting, a chase amazon visa (2000) and a old navy ($200) both were only 1-2 months old, so you never know, but she has a pretty decent income, so I'm not sure if that played into the app. She apped in store (I'm not sure if you can even app online), but she did it while making a pretty sizeable watch purchase.

No problem on zync explanation

Edit: Scratch her accounts reporting for just that, I forgot she was an AU on one of our mom's cards that was 7-8 years old so that is definitely part of it.

Re: American Express Zync How Long Should I Wait To Apply For It

Anonymous — Sun, 16 Sep 2012 06:46:20 GMT

Thanks I will app for those 2 cards and if that's the situation I think macys is out of the question from
Now I'll just wait and relax once I have those cards . Thanks for the advice

Re: American Express Zync How Long Should I Wait To Apply For It

LS2982 — Sun, 16 Sep 2012 13:44:36 GMT

You'd probably be approved for Zync with a hard limit at this point, I'd wait until you have a full year on the USAA CC first.

Re: American Express Zync How Long Should I Wait To Apply For It

jamie123 — Sun, 16 Sep 2012 17:20:59 GMT

I would definately apply for the AMEX Zync early this December if not right now. Your member date will then be 2012 and not 2013.

IMHO I would actually suggest applying for the AMEX Zync right now. You will be approved but the only question would be if your approval would be with a hard limit or not. Your biggest problem right now is a lack of history. If you received the Zync with a hard limit, so what! You would now at least have your foot in the door with a PRIME lender and be building history with a prime lender.

If you get those store cards they will probably start you out with small $500 limit anyway, why not a Zync with a $500 limit? A year from now you could be applying for an AMEX revolver if you got the Zync now.

Re: American Express Zync How Long Should I Wait To Apply For It

Revelate — Sun, 16 Sep 2012 19:16:14 GMT

@jamie123 wrote:
I would definately apply for the AMEX Zync early this December if not right now. Your member date will then be 2012 and not 2013.

IMHO I would actually suggest applying for the AMEX Zync right now. You will be approved but the only question would be if your approval would be with a hard limit or not. Your biggest problem right now is a lack of history. If you received the Zync with a hard limit, so what! You would now at least have your foot in the door with a PRIME lender and be building history with a prime lender.

If you get those store cards they will probably start you out with small $500 limit anyway, why not a Zync with a $500 limit? A year from now you could be applying for an AMEX revolver if you got the Zync now.

+1 2012 >> 2013 two or three years from now for your member date.

Generally accepted Zync underwriting criteria is: six months on a revolving tradeline, which the OP has. Assuming no blemishes or derogs, this is what the Zync was absolutely designed for even. I'd make an application soonish (what I'm doing incidently) and even if denied, will take another shot in mid-December.

$500 limit is what you make of it, and with Amex, you can make a *lot* out of an initial $500 limit on a Zync . It's just going to take some time, but that's something most of us on this forum have.