topic Re: American Express ZYNC APPROVAL with Embedded AutoPay in Credit Cards

American Express ZYNC APPROVAL with Embedded AutoPay

GlocksAndCredit — Thu, 20 Sep 2012 01:16:41 GMT

People have been getting approved for the ZYNC with little to no Credit History, I have just been dying to try. I was going to last night, but didn't pull the trigger. I decided to tonight and got the message: "We were Unable to approve your application for the Original American Express ZYNC. However, we were able to approve you for two other American Express Products." They offered the $500 Spending Limit with Embedded Auto Pay ZYNC Card, or the $200 Spending Limit ZYNC card.

I was going to be PIF every month anyway and I decided to go with the Embedded AutoPay, I was approved instantly after putting in my Bank Routing, and Acct. Number. Card will be here in 7-10 business days. SO happy!!!

Not sure if AMEX is going to treat me same as a "normal" AMEX customer or what. Will I get the same CLI opportunities? Just curious. I appreciate all opinions.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

creditnocash — Thu, 20 Sep 2012 01:32:54 GMT

What that means is that you were borderline approved.

I got the same message.
As you said pif is Normal for me so auto pay was no thang but a chicken wang.

But now your in with backdating and future app denials being soft pulls

Re: American Express ZYNC APPROVAL with Embedded AutoPay

CreditScholar — Thu, 20 Sep 2012 01:58:27 GMT

A Zync with a hard limit will get you started with Amex, but it's basically a dead-end. You probably won't ever get a CLI, and it's basically stuck as-is.

However if you use it properly, regularly and always PIF, you'll have a better chance at applying for another product of theirs (probably another charge card but NPSL instead) in the future.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Anonymous — Thu, 20 Sep 2012 02:02:50 GMT

@CreditScholar wrote:
A Zync with a hard limit will get you started with Amex, but it's basically a dead-end. You probably won't ever get a CLI, and it's basically stuck as-is.

However if you use it properly, regularly and always PIF, you'll have a better chance at applying for another product of theirs (probably another charge card but NPSL instead) in the future.

+1 I've never heard of anyone getting their limit raised. I think a few people may have gotten their limit removed or were atleast told it was possible, but it seems to be pretty rare. But it is a good way to work toward a better Amex card in the future.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Anonymous — Thu, 20 Sep 2012 02:14:44 GMT

@collinsridge wrote:
People have been getting approved for the ZYNC with little to no Credit History, I have just been dying to try. I was going to last night, but didn't pull the trigger. I decided to tonight and got the message: "We were Unable to approve your application for the Original American Express ZYNC. However, we were able to approve you for two other American Express Products." They offered the $500 Spending Limit with Embedded Auto Pay ZYNC Card, or the $200 Spending Limit ZYNC card.

I was going to be PIF every month anyway and I decided to go with the Embedded AutoPay, I was approved instantly after putting in my Bank Routing, and Acct. Number. Card will be here in 7-10 business days. SO happy!!!

Not sure if AMEX is going to treat me same as a "normal" AMEX customer or what. Will I get the same CLI opportunities? Just curious. I appreciate all opinions.

+1 to all of the above. I would just add that one cannot get clis on amex charge cards. The goal would be to try and get the $500 hard limit removed in which case the card would be no pre set spending limit (npsl), although this will be very difficult to accomplish.

Only amex credit cards have credit lines, as all of their charge cards are npsl (with the exception of the autopay zync)

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Anonymous — Thu, 20 Sep 2012 02:23:11 GMT

Congrats! I am supposed to be in the garden but if one more person posts that they were approved for this card....I'm gonna have to try.....lol I don't know if I have a chance since all my cards were opened within a month of each other but it is oh so tempting!

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Revelate — Thu, 20 Sep 2012 02:37:12 GMT

@Anonymous wrote:
Congrats! I am supposed to be in the garden but if one more person posts that they were approved for this card....I'm gonna have to try.....lol I don't know if I have a chance since all my cards were opened within a month of each other but it is oh so tempting!

You probably have a chance, all the advice from the other thread yesterday still applies though both positive and negative. There will probably be another approval thread tomorrow, it's a pretty common topic on these forums for anyone in the building/rebuilding stages and an Amex relationship.

OP: congrats on the approval, and welcome to the forums! The above posters' advice is correct: you are a normal customer, but the limit has the proverbial snowball's chance in hell of being removed unfortunately until Amex changes their policies. To my knowledge not a single individual anytime recently has had that happen; however, for everything else that the Zync is good for, this card counts absolutely and I would've been just as happy with the 500 autopay counter-offer as I am with the NPSL I actually received yesterday... they are equivalent for future Amex goodness in my book.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Anonymous — Thu, 20 Sep 2012 02:39:52 GMT

I would like to try but I worry about the new accounts and the inquiries. I was approved for 6 cards but there were 4 or 5 declines so thats alot in a month right? I also worry about some of my accounts seeing I'm applying for more and cut me off. Mainly boa and discover....r they sensitive like that??

Re: American Express ZYNC APPROVAL with Embedded AutoPay

GlocksAndCredit — Thu, 20 Sep 2012 02:49:40 GMT

Just curious does this happen to everyone? If they aren't approved for the Original ZYNC, do they get this second option? Or is there a Straight Disapproval?

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Anonymous — Thu, 20 Sep 2012 02:52:39 GMT

I have seen posts here that are straight denials

Re: American Express ZYNC APPROVAL with Embedded AutoPay

WarJar101 — Thu, 20 Sep 2012 02:54:48 GMT

Guys Im curious the 500 autopay card is factored into your total credit utilization or no?

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Anonymous — Thu, 20 Sep 2012 02:57:12 GMT

@collinsridge wrote:
Just curious does this happen to everyone? If they aren't approved for the Original ZYNC, do they get this second option? Or is there a Straight Disapproval?

Not everyone gets the 500/200 offer, some are denied outright. It seems like borderline approvals/thin files get the autopay offer more often then others but ymmv as no one knows exactly what triggers the second offer.

Even some amex csrs don't seem to be aware of the 500 autopay zync option - according to posters from past threads at least

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Revelate — Thu, 20 Sep 2012 03:01:07 GMT

@WarJar101 wrote:
Guys Im curious the 500 autopay card is factored into your total credit utilization or no?

Not under the '04 or '08 versions of the FICO model. Because of the term length of one month, they're unilaterally ignored from the revolving utilization calculation same as any other charge card product from Amex.

FICO '98 (vis a vis the TU score here for example) does include it, and as such will compare your high balance vs. your current balance to determine utilization rates. I honestly don't concern myself with this as most lenders have moved on from the '98 version: mortgage is '04, and we suspect more and more lenders are now using '08 versions for credit card approvals.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

WarJar101 — Thu, 20 Sep 2012 03:47:31 GMT

I'll just wait my 6 months then, I'd prefer the NPSL just because...lol. Thanks for the info.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Revelate — Thu, 20 Sep 2012 04:54:25 GMT

Backdate of 2012 > one of 2013 warjar.

The autopay limit is trivial and nobody other than on this forum is going to know let alone care, and there's no stigma on this forum either as almost all of us found it after finding something ugly out about our credit. Take the counter offer if it gets you the earlier date... Unless you already have had a prior Amex it does make a non-trivial difference in the 2-4 year range.

This isassuming you want a Zync and likely some other Amex product in the future.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

WarJar101 — Thu, 20 Sep 2012 07:40:18 GMT

I see what you're saying Revelate. Do you think with my thin credit history (look at sig) that I could qualify for 500 autopay?

Re: American Express ZYNC APPROVAL with Embedded AutoPay

dude11 — Thu, 20 Sep 2012 09:12:22 GMT

Have had the Zync with this $500 limit and auto pay for 19 months and still can't get the limit increased nor removed. Have applied for the Amex Green and Gold but no dice. The limit does not get reported to the credit bureaus either.Plan on not using the card for 6 months and see if Amex bites. Keep in mind YMMV.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

Revelate — Thu, 20 Sep 2012 15:28:04 GMT

@WarJar101 wrote:
I see what you're saying Revelate. Do you think with my thin credit history (look at sig) that I could qualify for 500 autopay?

Oh hrm, TBH I didn't even look at your sig when I posted my response, my apologies. Do you have any other credit history besides those two tradelines?

I'd probably wait till mid-December in your case. Now vs. December is the same for backdating anyway.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

creditnocash — Thu, 20 Sep 2012 15:41:55 GMT

i believe they like 6 months of history before apping.

which is why i had a thin file.

i got approved with the 500 autopay.

but im in with amex.

no baddies on my report.

when i apped score was around 710 across all three reports. (last time i checked through annual credit, all three reported same thing minus inquries)

i got a letter from my bank saying my score for apping a odp was 726 on tu. the same day i apped zync. im sure they hit all three reports i know tu and eq not sure about ex though

my aaoa was only 7 months though (2 oldest accounts 2 years old)

but getting in amex now even with a 500 limit or 200 whatever.

when you do app for another amex its always a soft pull on denial vs hard pull.

plus the backdating. so im still glad i have a zync now vs in december

just my 2cents.

Re: American Express ZYNC APPROVAL with Embedded AutoPay

WarJar101 — Thu, 20 Sep 2012 17:17:50 GMT

Guess I should at least apply later in the year then, because I just got my first credit line last month. Unless there's a chance of approval now. Even for the limited card