- Centurion Member
- Posts: 232
- Joined: Sun Jul 17, 2011 11:47 am
- Website: http://www.ivotedale.tumblr.com/
- Location: Mesa, AZ
(1) is the Zync card upgradeable?
No it is not, nor do I think it will be for a very long time, if at all.
(2) What is the purpose of MRE points...?
Before looking at answering the question- I'll assume it's safe to say the Zync is more or less an "entry-level charge card" as far as Amex is concerned.
When you got your first job, did your employer start you off w/ a salary at $50,000 a year w/ full benefits? No, certainly not! If you weren't a lucky soul, you most likely started near minimum wage as a cashier, server, etc. doing minimal tasks, grunt work (or maybe I'm just speaking for myself!).
Comparably, someone getting one of their first/entry-level credit/charge cards shouldn't be expecting stellar rewards immediately- save that for when you build your average age of accounts/credit in general. From there you can get credit limit increases, etc. Don't get me wrong though- I have heard of those with the Gold charge card and beyond w/ this card as well- but again it depends on what your spending habits are.
Either way, I think the $25 minimal annual fee is worth American Express benefits (non-rewards program benefts, like return-protection, somewhat-roadside-assistance, etc). Obviously, if you look at the packs, it will depend whether or not you spend a ton of money in each respective category- I certainly don't. I personally signed up for the foodie pack ($25 annually), but I'm probably (and barely) breaking about even w/ the money being spent in restaurants per year.
Granted, this is all coming from someone who has had this card under a year- will probably cancel when the one-year mark comes around. This is mainly because I got approved for green, with the sole intent of using standard MR points for traveling, which I intend to do more of this year.
Not a bad card by any means, but if it doesn't fit your spending/earning habits, feel free to certainly look elsewhere.
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF