Zync rewards?

[Anonymous]

So I was looking at the Zync reward structure - for most regular purchases, you get the 1 MRE for per dollar. And, for example, a $50 gift card costs 10k MRE points.

So by that logic, each point is worth $50/10000 = $0.005? Which is the equivalent to 0.5% cash back?

I thought I've kept reading how it was supposed to have decent rewards, but that doesn't seem good to me at all... maybe I'm missing something?

[laboi_22]

10k for a $50 gift card? I just bought a gift card with my MRE points and it cost me 5k points. 5000 points = $50 gift card which equals 1% rewards.

[Guava]

You're not missing anything, the rewards for Zync is lackluster. You can accumulate points at different rate from the add-on packs but the redeem rate is not very favorable. To me it's simply a card to get in the door with AMEX; although it does carry the benefit of AMEX cards such as extended warranty, travel insurance, etc.

[laboi_22]

I don't agree. Not sure where you got that it costs 10K points for a $50 GC. The only thing the MRE points don't do that regular MR points do is transfer to frequent flyer programs. I love my Znyc card. Althought it is noted that it depends on what you redeem. If you redeem AMEX gift cards you get less bang for the buck but all general gift cards ie Gap etc is at a rate of 10K = $100. You can even pay with points for travel.

[Anonymous]

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@Guava wrote:

You're not missing anything, the rewards for Zync is lackluster. You can accumulate points at different rate from the add-on packs but the redeem rate is not very favorable. To me it's simply a card to get in the door with AMEX; although it does carry the benefit of AMEX cards such as extended warranty, travel insurance, etc.

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Literally the only reason I applied and pay the annual fee. If it wasn't an AMEX, I wouldn't bother with it, especially with the AF. 

I plan on dumping the Zync shortly after I get an AMEX revolver. 

[Anonymous]

That's what the membership rewards site was showing me - 10000 points for a $50 Amex gift card. 5000 points for $25. So I'm not sure where $50 for 5000 comes from?

Regardless, even at that rate it would be only 1% cash back. Which isn't awful, but it's not fantastic either. Basically all cash back cards offer at least that.

I mean I didn't get the card for the rewards, so I'm not all that disappointed. But I'm just surprised that I've heard that the rewards are "good" when they seem average at best.

[Anonymous]

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@Anonymous wrote:

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@Guava wrote:

You're not missing anything, the rewards for Zync is lackluster. You can accumulate points at different rate from the add-on packs but the redeem rate is not very favorable. To me it's simply a card to get in the door with AMEX; although it does carry the benefit of AMEX cards such as extended warranty, travel insurance, etc.

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Literally the only reason I applied and pay the annual fee. If it wasn't an AMEX, I wouldn't bother with it, especially with the AF. 

I plan on dumping the Zync shortly after I get an AMEX revolver. 

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Exactly the same for me, that's why I applied for it, to give me a chance to get a BCE/BCP easier later on.

However, I figured if I have it, I might as well use it, right? Except the rewards aren't any better than what I already get.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Guava wrote:

You're not missing anything, the rewards for Zync is lackluster. You can accumulate points at different rate from the add-on packs but the redeem rate is not very favorable. To me it's simply a card to get in the door with AMEX; although it does carry the benefit of AMEX cards such as extended warranty, travel insurance, etc.

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Literally the only reason I applied and pay the annual fee. If it wasn't an AMEX, I wouldn't bother with it, especially with the AF. 

I plan on dumping the Zync shortly after I get an AMEX revolver. 

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Exactly the same for me, that's why I applied for it, to give me a chance to get a BCE/BCP easier later on.

However, I figured if I have it, I might as well use it, right? Except the rewards aren't any better than what I already get.

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Haha the BCE is exactly what I have my eyes on. 

And I already cashed out my rewards for Battlefield 3 for my PS3. 

[Anonymous]

I bought BF3 when it came out, got bored of it within a month. MW3, I got bored of within a week.

Maybe I'll just use the points for a gift card and buy some Starbucks or something. I guess with it being worth $50, at least it pays for the $25 AF.

[Anonymous]

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@Anonymous wrote:

I bought BF3 when it came out, got bored of it within a month. MW3, I got bored of within a week.

Maybe I'll just use the points for a gift card and buy some Starbucks or something. I guess with it being worth $50, at least it pays for the $25 AF.

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I preorderd MW3 from Amazon months before it came out, but never got around to getting BF3, so I figured I'd get it now. I like MW3 better...but I probably play Black Ops more than both of them combined. 

My second choice was going to be a Walmart giftcard, but I decided groceries would be a pretty lame thing to spend my rewards points on.