18yr got Zync!

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Keysmasher
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18yr got Zync!

Postby Keysmasher » Fri Oct 22, 2010 2:09 pm

Yesterday I checked my Equifax credit report for free via annualcreditreport.com and to my surprise I had a few extra credit cards on the report! One of the credit cards was actually mine (I am classified as the individual account holder). It is the Chase +1 Student Mastercard (I love this card by the way!). Then there were three credit cards that my parents owned and added me as the "authorized user." Anyways, my credit report shows that the longest account that I have "held" was over 15 years old and that across all of the cards I have about a 25k limit with a 10% utilization ratio! So in such, I theoretically have had credit since I was 2 years old! Of course my parents pay off all of those credit credit cards on time and sometimes early.

I haven't checked the credit score ($8 for a credit report :[), but I am assuming since I have a "loong" history of credit that it would be at a decent number but not perfect since I am not the "actual account holder", but rather an "authorized user."

Soooo in the light of discovering that I had a longer history of credit than I had originally thought. I applied for the Zync and got instantly approved and I am waiting for the card to arrive in the mail. I would have been able to use the card instantly, but I opted to just wait for my shiny new card in the mail :].


robbrock
 
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Postby robbrock » Sat Oct 23, 2010 3:40 am

Congrats!! Enjoy you I am a Zync member as well I love my card :D

Keysmasher
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Postby Keysmasher » Sun Oct 24, 2010 11:59 am

robbrock wrote:Congrats!! Enjoy you I am a Zync member as well I love my card :D


What packs did you attach to your card? As for myself, I just added all the free ones (Family, Eco, Finance, Giveback). I would have added the restaurant one would be nice but the only restaurant that is eligible in the pack is Cold Stone Creamery. Which is nice, but I don't go there that much to tack on another $20 to the annual fee.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Oct 25, 2010 9:16 pm

You should see some of the other posts on here in the American Express forum. There have been 18 and 19 year old with almost no credit history that are saying they are getting approved for this card. With technically having a 15 year credit history Keysmasher I wouldn't be surprised to see you get approved for a Platinum.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

Keysmasher
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Postby Keysmasher » Wed Oct 27, 2010 7:19 pm

Mogul of Pineapples wrote:You should see some of the other posts on here in the American Express forum. There have been 18 and 19 year old with almost no credit history that are saying they are getting approved for this card. With technically having a 15 year credit history Keysmasher I wouldn't be surprised to see you get approved for a Platinum.


hehe, yea then after I get the Platinum. I will awaiting my invitation for Centurion :]. Although I don't think I will be spending 250k annually anytime soon.

Also, is it possible to charge car payments to credit/charge cards and redeem those for points?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Nov 02, 2010 8:33 pm

I doubt it would be possible to charge car payments to your credit card or at least I have never heard of an auto finance company allowing cards for payment. I do charge my insurance to my credit card and would recommend doing that to get some points.

During the housing bubble Amex allowed members to charge mortgages to their card with a couple major lenders for a one-time fee. Think how many points you would be getting on that, ha!
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

Keysmasher
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Postby Keysmasher » Sat Nov 27, 2010 1:42 am

Mogul of Pineapples wrote:I doubt it would be possible to charge car payments to your credit card or at least I have never heard of an auto finance company allowing cards for payment. I do charge my insurance to my credit card and would recommend doing that to get some points.

During the housing bubble Amex allowed members to charge mortgages to their card with a couple major lenders for a one-time fee. Think how many points you would be getting on that, ha!


It might even be possible to travel the whole world for free with those accumulated points, lol.


Also, I know this has probably been asked a million times, but how does a "no limit" credit card affect ones credit score/report since there is no limit to report? I have read answers ranging from "the bureaus don't factor in these types of cards when calculating ones credit score" to "the bureaus use the highest historically reported amount spent on the card and use that as a limit."



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