topic Re: So $500 Zync cannot be converted to NPSL? in Credit Cards

So $500 Zync cannot be converted to NPSL?

Anonymous — Tue, 13 Nov 2012 22:04:10 GMT

I've had my Zync since may and researching about converting it to NPSL, but it seems as though that is not possible? My credit profile has increased greatly since I was approved in May, and thought it would be very easy to do...

What are my options? I really don't need the NPSL right now, but it would nice to have in case of an emergency.

Re: So $500 Zync cannot be converted to NPSL?

trumpet-205 — Tue, 13 Nov 2012 22:05:34 GMT

AFAIK $500 limit cannot be removed.

Re: So $500 Zync cannot be converted to NPSL?

Anonymous — Tue, 13 Nov 2012 22:07:30 GMT

@trumpet-205 wrote:
AFAIK $500 limit cannot be removed.

I don't understand why they would put this restriction in...

Can I apply for a new Zync with a SP, and then cancel my current Zync?

Re: So $500 Zync cannot be converted to NPSL?

koalablue — Tue, 13 Nov 2012 22:07:43 GMT

Maybe just apply for a green or gold charge, or even for a revolver? For the PRG, they waive the fee for the first year I believe.

Re: So $500 Zync cannot be converted to NPSL?

Anonymous — Tue, 13 Nov 2012 22:11:37 GMT

@koalablue wrote:
Maybe just apply for a green or gold charge, or even for a revolver? For the PRG, they waive the fee for the first year I believe.

If I was going to apply for another AMEX right now, I would apply for the BCE. For me, I really can't see how a charge card would benefit me over a revolver.

Are all applications for AMEX soft-pulls if you are already a member?

Re: So $500 Zync cannot be converted to NPSL?

trumpet-205 — Tue, 13 Nov 2012 22:12:47 GMT

@Anonymous wrote:
Can I apply for a new Zync with a SP, and then cancel my current Zync?

You cannot apply a new Zync. AMEX no longer accepts application for Zync.

For AMEX cardholder, SP for denial and HP for approval. Be prepared for 3 HPs if you are borderline approval.

Re: So $500 Zync cannot be converted to NPSL?

koalablue — Tue, 13 Nov 2012 22:16:08 GMT

I would give the BCE a shot. As the other poster said, its a SP if you're denied.

Re: So $500 Zync cannot be converted to NPSL?

j_casteel — Tue, 13 Nov 2012 22:22:35 GMT

Zync 500 stays 500 and will not be changed. Many people accepted the card thinking otherwise (including myself) but that is not the case. Search the plethora of threads created concerning this topic.

Re: So $500 Zync cannot be converted to NPSL?

Anonymous — Tue, 13 Nov 2012 22:26:24 GMT

@j_casteel wrote:
Zync 500 stays 500 and will not be changed. Many people accepted the card thinking otherwise (including myself) but that is not the case. Search the plethora of threads created concerning this topic.

It doesn't even make sense, so that thought didn't even cross my mind back when I was approved.

Regarding applying for the BCE now, I may hold off for a better offer.

Re: So $500 Zync cannot be converted to NPSL?

j_casteel — Tue, 13 Nov 2012 22:29:56 GMT

@Anonymous wrote:
@j_casteel wrote:
Zync 500 stays 500 and will not be changed. Many people accepted the card thinking otherwise (including myself) but that is not the case. Search the plethora of threads created concerning this topic.
It doesn't even make sense, so that thought didn't even cross my mind back when I was approved.

Regarding applying for the BCE now, I may hold off for a better offer.

it was a counter offer if you were denied the NPSL card. the terms stated the limit, etc and after talking with several CSRs including the EO of AMEX it was clear that this card was for questionable/subprime people and was never going to be upgraded to NPSL.

Re: So $500 Zync cannot be converted to NPSL?

Anonymous — Tue, 13 Nov 2012 22:33:59 GMT

@j_casteel wrote:
@Anonymous wrote:
@j_casteel wrote:
Zync 500 stays 500 and will not be changed. Many people accepted the card thinking otherwise (including myself) but that is not the case. Search the plethora of threads created concerning this topic.
It doesn't even make sense, so that thought didn't even cross my mind back when I was approved.

Regarding applying for the BCE now, I may hold off for a better offer.
it was a counter offer if you were denied the NPSL card. the terms stated the limit, etc and after talking with several CSRs including the EO of AMEX it was clear that this card was for questionable/subprime people and was never going to be upgraded to NPSL.

People are approved for $500 limit revolvers and end up working the limit up to $5k+ with history. I don't understand how this is any different.

Just don't ever remove that hard limit for "questionable" people.

Re: So $500 Zync cannot be converted to NPSL?

RyVision — Tue, 13 Nov 2012 23:26:52 GMT

@Anonymous wrote:
@j_casteel wrote:
@Anonymous wrote:
@j_casteel wrote:
Zync 500 stays 500 and will not be changed. Many people accepted the card thinking otherwise (including myself) but that is not the case. Search the plethora of threads created concerning this topic.
It doesn't even make sense, so that thought didn't even cross my mind back when I was approved.

Regarding applying for the BCE now, I may hold off for a better offer.
it was a counter offer if you were denied the NPSL card. the terms stated the limit, etc and after talking with several CSRs including the EO of AMEX it was clear that this card was for questionable/subprime people and was never going to be upgraded to NPSL.
People are approved for $500 limit revolvers and end up working the limit up to $5k+ with history. I don't understand how this is any different.

Just don't ever remove that hard limit for "questionable" people.

AMEX isn't allowing any changes to any ZYNC accounts for the time being as the card has been discontinued.

There have been stories of people having their HL's removed (usually without them knowing until they signed on to their account page) but not in 2012. There's no way to verify those stories however (though it was usually after 6 months of having the card on the rare occasion it did happen, when they were allowing changes to ZYNC accounts).

One plus with it might be that usually when AMEX discontinues a product, they don't usually just drop those that have it. ZYNC card holders will probably be able to keep them as long as they want (I was also told this by BLUE CSRs), and being it's an AMEX Charge for only $25 a year, that's not a bad deal.

Wait until they have a good offer for getting a BLUE series or something you're interested in then apply, you're probably best off keep ZYNC regardless however.

Re: So $500 Zync cannot be converted to NPSL?

Jake0215 — Tue, 13 Nov 2012 23:51:00 GMT

Close the zync wait 90 days and apply ffor what you want. Especially if your report has improved. You will find it very difficult to get approved for anything else amex while your zync with a hard limit is open.