nolareb wrote:I want the green because from what I hear you can't upgrade from zync to green, but rather re apply. Also from what I've read zync's points aren't as valuable as green and above. I would rather wait until I was in a position to be approved for green rather than pay for all the extra packages to earn extra points on the zync. I read an article comparing ccards and it stated that if you were to purchase all the packages on zync you would spend upwards of $100 annually and you are capped at a certain dollar amount($1500 if I remember correctly)at which you could earn in each category. With that being said if I decided to start a history with amex today and apply for the zync what are my chances based on the info I've given?
What else do you have on your credit report? Any other loans, baddies (late payments, etc)? Current income matters as well. But, your credit score is in-line with scoring a Zync, but the other factors will come into play. Amex will look away if you have a couple late payments on say a student loan 2 years ago, but too many lates may make them a bit weary.
Some of your info is correct, but you also have been mislead slightly. Yes, if you add EVERY single Zync pack, you will be paying a lot, but that is not that point. Just add the connect pack (only if you pay your own cable/internet/phone bills) if not don't add it. If you eat out a lot, add the restaurants pack. A few packs are also free such as the eco pack that double your points if you shop at 'green' stores. Stuff like that. Home pack gets you a $20 lowes gift card for free each year and the pack only costs $15, so that pack pays for itself. If you have no use for any of the packs, then I could see your point but at the same time, if you are not running thousands through it a month, you will not see redeemable rewards for a while so it would not really matter which charge card you went with so you might as well save some cash on the AF. Yes, you only get express points with Zync, however, when you decide to upgrade (which is probably about when you will start spending more through the card) then those points accumulated will convert (1:1) to the more valuable point system. Meanwhile, you saved the extra cash in annual fees. As for the 1,500 spend limit, completely false. I have run over $8,000 a month, even put my car downpayment ($5,000) through my Zync. You spend ability is based on your income, payment history, credit history, and monthly spend history.