Zync Approved with PS Limit

[CS800]

Use the card wisely and they will remove your hard limit in due time

[espnjunkie]

Is six months of history with one Cap One card enough for a Zync approval? Limit is 750.00 and payments are all on time and in full. No baddies. 50,000.00 income. No debt. It is the only thing on my credit report. I want to get in with amex and get the zync soon once I hit the sixth month mark to celebrate, but I also don't want to be denied and shoot myself in the foot...

[eparker]

did u have any or limited baddies when you applied????

[Anonymous]

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@espnjunkie wrote:

Is six months of history with one Cap One card enough for a Zync approval? Limit is 750.00 and payments are all on time and in full. No baddies. 50,000.00 income. No debt. It is the only thing on my credit report. I want to get in with amex and get the zync soon once I hit the sixth month mark to celebrate, but I also don't want to be denied and shoot myself in the foot...

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In the past when I applied I was told that they usually prefer at least 1 year of credit history. I don't know if that still stands today.

[Anonymous]

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@eparker wrote:

did u have any or limited baddies when you applied????

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No baddies.

[espnjunkie]

Haha I kinda hate being in credit limbo right now. I am nearly at that six month mark and have been gardening with my Cap One card. I'm concerned that three of the 5 statements so far I have paid off the balance completely before the statement cut so it reported as zero. I thought this would be a good thing because I am paying ahead of time and in full, but apparently that is not good to do initially. This next month I will let a small balance report and then pay it off. The only things going against me at this point are only having one open credit card and a short history of six months. The payment history is on time and in full. The income should be enough as well. I kinda figure if they deny me, they deny me. One inquiry will not kill my credit and I can just wait another few months and apply again.

[LS2982]

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@Anonymous wrote:

I just applied for an American Express Zync card but was declined for the "original" zync product. However, I was offered two options of choosing either a $500 spending limit with Auto Pay or $200 spending limit without Auto Pay. I chose the $500 w/Auto Pay but I'm a little bit confused because it says that my application is still being processed and they will notify me of their decision. Does that mean I haven't been approved or have been? I don't want to get my hopes up 

Also, anyone have any idea how long it takes from application date until the card arrives?

Edit: Also will the $500 be deducted from my account as a collatoral? I couldn't seem to find answer on the forum if it would or not. I called AMEX and one CSR said that it would be. Called again and they told me that it's just a spending limit and wouldn't be deducted from my account.

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Congrats!!

[Anonymous]

Just to let everyone know, I did recieve my Amex AutoPay form in the mail on Thursday. Faxed it in on Friday morning and called Customer Service to see how long it would take.The CSR I spoke to kept informing me that I was declined for the Zync card and had no clue about the counter offer. After going back and fourth with him, I finally requested to speak with someone else and at that point he got in touch with a specialist who approved my application right on the spot. I should be receiving the card in the mail in 7-10 days. Super excited!

The only thing that I've noticed about AmEx so far is the run-around between CSRs. This isn't the first time where I've gotten the wrong answers from them. One of them actually told me that I had to pay $500 as a collatoral for the Zync card. Which is what led me to open this thread..

[pizzadude]

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@Anonymous wrote:

Just to let everyone know, I did recieve my Amex AutoPay form in the mail on Thursday. Faxed it in on Friday morning and called Customer Service to see how long it would take.The CSR I spoke to kept informing me that I was declined for the Zync card and had no clue about the counter offer. After going back and fourth with him, I finally requested to speak with someone else and at that point he got in touch with a specialist who approved my application right on the spot. I should be receiving the card in the mail in 7-10 days. Super excited!

The only thing that I've noticed about AmEx so far is the run-around between CSRs. This isn't the first time where I've gotten the wrong answers from them. One of them actually told me that I had to pay $500 as a collatoral for the Zync card. Which is what led me to open this thread..

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Congrats !! Hopefully your card will show up this week.....

Yeah a lot of the AMEX CSRs don't know anything at all about the Zync hard limit counter~offer cards, but I'm glad you were able to get thru to someone finally.

[LS2982]

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@Anonymous wrote:

Just to let everyone know, I did recieve my Amex AutoPay form in the mail on Thursday. Faxed it in on Friday morning and called Customer Service to see how long it would take.The CSR I spoke to kept informing me that I was declined for the Zync card and had no clue about the counter offer. After going back and fourth with him, I finally requested to speak with someone else and at that point he got in touch with a specialist who approved my application right on the spot. I should be receiving the card in the mail in 7-10 days. Super excited!

The only thing that I've noticed about AmEx so far is the run-around between CSRs. This isn't the first time where I've gotten the wrong answers from them. One of them actually told me that I had to pay $500 as a collatoral for the Zync card. Which is what led me to open this thread..

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Treat the card with good usage / payments and you'll be on NPSL in no time!!! Congrats!