Zync to Green?

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FirstAmEx
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Zync to Green?

Postby FirstAmEx » Wed Jun 27, 2012 2:14 pm

Hello,

I am a 21yr old college student with a yearly income of 12k not including scholarships. I applied for the Zync back in February and was instantly approved. That was my first card ever. I have had the card for for 5 months now and I am interested in moving to the Green. Do you think I will be approved?

Thanks,

FirstAmEx


MemberSince99
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Postby MemberSince99 » Wed Jun 27, 2012 3:02 pm

Amex will tell you for sure that they cannot do product changes to more expensive cards (Zync is 25 a year green is 95) until 13 months, so you will for sure hear "no" at the present time.

After 13 months, I do not know the answer for sure - some say you can product change Zync, others say no. You will have to find out. But for sure it isn't going to happen until 13 months that much you can bet on.

irvine801
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Postby irvine801 » Wed Jun 27, 2012 4:33 pm

Yeah I've heard both about zync that it will never be upgraded but I have heard that it can. So idk...
-American Express Zync.
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Money card
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Postby Money card » Wed Jun 27, 2012 9:01 pm

for college students is there anything wrong with Pass the student card from American express?

Ratfacedudeguy
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Postby Ratfacedudeguy » Wed Jun 27, 2012 9:15 pm

Well the thing with the Pass card is that it's a prepaid card, so it's not going to do anything for your credit. I have no interest in prepaid cards at all personally, but I've heard some people speculate that they may be a way to get a foot in the door with Amex if they won't approve you for credit. That way they can view the way you manage your account and possibly use that as a marginal factor in deciding to extend credit to you down the road. I have no idea if that's valid though -- merely speculations I've read on this forum.
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thomaswhitehall
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Postby thomaswhitehall » Wed Jun 27, 2012 10:13 pm

So you currently only have the Zync card and you want to apply for anther card being the Green?

Have you thought about applying for a different type of credit card (non-amex) so you have a back up card just in case it's not accepted?

With your income of $12k/year will you even spend enough to get anything back once you figure in the Green card's annual fee?

If you were me, I'd hold off and try to get a non-amex perhaps to diversify your credit report. Do you have any student loans or any other type of accounts (car loan, personal, etc.?)

MemberSince99
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Postby MemberSince99 » Thu Jun 28, 2012 8:47 am

This is a valid point. In thinking about it, with an income of 12k you might be pushing it for Green anyway.

You might want to just stay with Zync and not rock the boat until you get out of school.

agp
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Postby agp » Thu Jun 28, 2012 9:24 am

Ratfacedudeguy2 wrote:Well the thing with the Pass card is that it's a prepaid card, so it's not going to do anything for your credit.


Charge cards won't do much for your credit either. Get a credit card if you need a new card. And with $12000 yearly income, I see no justification in paying annual fee for any cards.

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Ratfacedudeguy
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Postby Ratfacedudeguy » Thu Jun 28, 2012 10:55 am

Charge cards may not do too much per se, but they may show something of a diversity of trade lines on your report which may be somewhat helpful. You're right though, for the most impact on your score cardwise, a traditional lending credit card is the way to go.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13



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