topic Re: Zync with PSL cardholders in Credit Cards

Zync with PSL cardholders

kobe2012 — Mon, 04 Feb 2013 22:52:27 GMT

Has anyone with $500 preset limit on their zync cards gotten approved with any other Amex charge cards? I'm debating if i should close my zync which will be 6 month old next month and then apply for green..then hopefully apply for their revolver .... I dont really like charge cards but if i can get green, i can try a revolver and itll be one pull

Re: Zync with PSL cardholders

ceemee2203 — Tue, 05 Feb 2013 01:05:42 GMT

I don't have one but I've read that you need to cancel the card before you apply for another charge card.

Re: Zync with PSL cardholders

creditnocash — Tue, 05 Feb 2013 01:09:23 GMT

i have one

apped for a bce in jan and got denied

didnt say anything about my zync

ive had mine since aug/september

kobe have you tried yet to app for another card? maybe you will be surprised

its a soft pull if denied

Re: Zync with PSL cardholders

jsucool76 — Tue, 05 Feb 2013 01:53:42 GMT

Might as well app, you never know.

I've heard of a few people getting approved, even with the hard limit, but a lot more people who haven't.

Re: Zync with PSL cardholders

Jake0215 — Tue, 05 Feb 2013 02:08:25 GMT

Need to cancel card before other apps will be approved.

Re: Zync with PSL cardholders

jsucool76 — Tue, 05 Feb 2013 02:42:37 GMT

That isnt a rule set in stone. There have been a few stories of people getting cards with the hard limits. Almost all of which happened after zync was discontinued if im correct.

Re: Zync with PSL cardholders

kobe2012 — Tue, 05 Feb 2013 03:35:27 GMT

@creditnocash wrote:
i have one
apped for a bce in jan and got denied
didnt say anything about my zync
ive had mine since aug/september

kobe have you tried yet to app for another card? maybe you will be surprised
its a soft pull if denied

I applied for the green last month and got denied, was soft pull with a score from last december... the hard limit zync was not mentioned in the denial so am just confused on what I should do next... I really want a revolver are you gonna try to apply this month again???? i'll probably try one more time for the green.... if not approved, i'll cancel my zync when my last collection falls and then apply again for a charge card or maybe a revolver.. if all goes well...

Re: Zync with PSL cardholders

creditnocash — Tue, 05 Feb 2013 03:57:24 GMT

@kobe2012 wrote:
@creditnocash wrote:
i have one
apped for a bce in jan and got denied
didnt say anything about my zync
ive had mine since aug/september

kobe have you tried yet to app for another card? maybe you will be surprised
its a soft pull if denied

I applied for the green last month and got denied, was soft pull with a score from last december... the hard limit zync was not mentioned in the denial so am just confused on what I should do next... I really want a revolver are you gonna try to apply this month again???? i'll probably try one more time for the green.... if not approved, i'll cancel my zync when my last collection falls and then apply again for a charge card or maybe a revolver.. if all goes well...

probably not. my util is out of whack. and honestly dont feel like getting another card. i might apply next jan, as i have all the cards i need.

umm this could have something to do with denial and not the zync.

my reasons were

too many inquries in past 12 months

installment loan balances compared to amount too high

too many new accounts

the score they gave me was 721. so im not sure if thats a fako or not but whatever. my credit secure(amex credit score product) has gone up from 715 to 728 with a couple accounts aging past 6 months and a couple inquries aging past a year so anythings possible

once all my inquries age past a year, my aaoa will be about a year and a half and i think ill have a solid chance at a revolver in general with amex.

might just go for both another charge and another amex.

Re: Zync with PSL cardholders

Denny33142 — Tue, 05 Feb 2013 17:29:35 GMT

I have the PSL Zync and have tried to apply for another product almost every month (It is a Soft so i don't really care), On one ocassion i did get the message that i was declined because i have the PSL Zync.

Considering that i now have an Experian Fico of 680 and that i have been an amex member for over 2 years i think i should have been at least pre-approved for another amex card by now, i honestly think that the reason is the zync.

Contrary to what people are saying i have never seen anyone with a PSL Zync get approved for another card.

Re: Zync with PSL cardholders

creditnocash — Tue, 05 Feb 2013 18:46:23 GMT

@Denny33142 wrote:
I have the PSL Zync and have tried to apply for another product almost every month (It is a Soft so i don't really care), On one ocassion i did get the message that i was declined because i have the PSL Zync.

Considering that i now have an Experian Fico of 680 and that i have been an amex member for over 2 years i think i should have been at least pre-approved for another amex card by now, i honestly think that the reason is the zync.

Contrary to what people are saying i have never seen anyone with a PSL Zync get approved for another card.

im guessing by your old scores you have a bk reporting? or some serious derogs?

that could be the case?

they list a number of things with the first being the highest importance to the last being th lowest. (from what ive read on here)

once i pay off all my cards my scores should shoot into the low 700's on here

even when i had somewhat high util too me my amex pull was 721. but my eq from sw was like 660. (i still do)

Re: Zync with PSL cardholders

Denny33142 — Tue, 05 Feb 2013 21:13:27 GMT

The only negative i have left is a 3 year old charge off from BofA, I don't think Amex would have approved even the PSL Zync if i had a bankruptcy, i finally got fed up with their denials and called the corporate office and they sited the zync as the reason for the denial.

I have a Chase Freedom which has no AF and much better rewards than the Zync so i don't really care about it anyways, I only keep it because the AF is low but other than that i don't even use it anymore, the rewards are junk.

Re: Zync with PSL cardholders

creditnocash — Tue, 05 Feb 2013 21:52:09 GMT

@Denny33142 wrote:
The only negative i have left is a 3 year old charge off from BofA, I don't think Amex would have approved even the PSL Zync if i had a bankruptcy, i finally got fed up with their denials and called the corporate office and they sited the zync as the reason for the denial.

I have a Chase Freedom which has no AF and much better rewards than the Zync so i don't really care about it anyways, I only keep it because the AF is low but other than that i don't even use it anymore, the rewards are junk.

so they said that if you cancel the card and apply for a different charge card, you would get approved?

i dont think they will take that kind of liability lol

Re: Zync with PSL cardholders

Denny33142 — Tue, 05 Feb 2013 22:35:22 GMT

No, They said that i am not eligable for another card while i still have this particular card opened, I would have called BS if this was a simple CSR but this was straight from the Executive Office.

I actually found the Thread that i posted a while back about the denial.