The Zync is dead. Long live the Zync!

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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irvine801
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Postby irvine801 » Fri Oct 05, 2012 5:30 pm

CC Deville wrote:AMEX is being coy. I've asked if ZYNC was discontinued, they say "no" because technically with all of us as active ZYNC cardholders it isn't discontinued. But it has been closed to new applicants.


Interesting... I guess at this point we will have to wait and see what happens!
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit


CC Deville
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Postby CC Deville » Fri Oct 05, 2012 6:26 pm

irvine801 wrote:Interesting... I guess at this point we will have to wait and see what happens!


Yes sir. With the packs being closed off even to existing cardmembers it should be interesting. I was never interested in the packs as the sole purpose of my ZYNC was backdating. Plus it is wicked cool looking.

CC Deville
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Postby CC Deville » Fri Oct 05, 2012 6:28 pm

Snowman wrote:The only thing I worry about his being approved with a short history ( opened account in april of this year, will be 6 months after the 25th.). For chase, I was going to apply for the freedom card for right now. With discover it was going to be the more card, and with citi, i was going to apply for the forward card (either the student or non student version). With Amex i want to get either the gold or prg. Don't mind the annual fee, but I don't know which one is better for me. I'd say they are both the same but the rewards on the prg are higher and better IMO. And depending if I get any one of the four cards would be okay. I was going to apply for the zync, but it's no longer there :( . I'm afraid because my history is short but at this point I would take any of the four cards mentioned above and then just garden them. But with 5 months of history, do I have an chance of approval with the cards mentioned above?


I do feel that you are going after some pretty prime cards (especially Chase) with only a few months of history. Are you receiving pre approvals in the mail? That is usually a good gadge to their interest in you. You may want to hold off for a few months to allow your BofA to age but your best bet is likely the Citibank card.

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Snowman
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Postby Snowman » Fri Oct 05, 2012 6:46 pm

Do you think I will be approved with my short history and my income for the Citibank card and should I go for the student or non student? and when can I/should I be able to apply for the prime cards, just based on a general time frame? (i.e 6 months more, a year, 5 years etc) . And no I have not received any pre-approval for Chase cards. The only reason is because I have seen people on the boards here with very short histories such as mine get approved, so that's why I thought about applying. I can wait on the AMEX, but I plan on applying for cards until I have at least three, and then just garden them for a few years until my credit is aged for a while. I;d take anywhere from 2-6 inquires until I get three card (have one, so two more), and then stop for a year or two, unless I feel my credit is okay enough to where I can take on more credit (but that will be in the future, when hopefully the agency I want to apply for will start hiring again.)
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

CC Deville
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Postby CC Deville » Fri Oct 05, 2012 7:33 pm

Snowman wrote:Do you think I will be approved with my short history and my income for the Citibank card and should I go for the student or non student? and when can I/should I be able to apply for the prime cards, just based on a general time frame? (i.e 6 months more, a year, 5 years etc) . And no I have not received any pre-approval for Chase cards. The only reason is because I have seen people on the boards here with very short histories such as mine get approved, so that's why I thought about applying. I can wait on the AMEX, but I plan on applying for cards until I have at least three, and then just garden them for a few years until my credit is aged for a while. I;d take anywhere from 2-6 inquires until I get three card (have one, so two more), and then stop for a year or two, unless I feel my credit is okay enough to where I can take on more credit (but that will be in the future, when hopefully the agency I want to apply for will start hiring again.)


Unfortunately there is not one answer that fits everybody. Yes, I too have seen people with very little credit get approved for cards from prime banks. You, for instance, were approved for a BofA card with no prior experience. That is pretty impressive. But I have also seen people declined as the banks want to see history (kind of egg and chicken-you have to have credit to get further credit). For me personally, it took about a year for approval of the better cards and credit lines. Two full years to hit above the $5K limit; of course this was back in 1998-2000 before the new laws and current economy. But generally, a prime bank will want to see a good year of credit with someone else before they want to approve you for their card.
Citibank: I found that the student versions of cards had small limits and higher APRs vs the regular card version. I don't even know if they really are easier to be approved for. Depending on your age (18-19 freshman/sophomore) I'd think about student but if you are 21-25 (junior/senior/graduate) then go for regular.
Maybe some others can chime in here with their experience to offer you some more help.

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Snowman
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Postby Snowman » Fri Oct 05, 2012 8:10 pm

I think the only reason why I was approved for the BOFA card was because I have been banking with them for the last 2 years, initially the declined me as well due to lack of history, but my personal banker had talked to one of their CSR's and they changed their minds and gave me a 700$ limit, but that is because I used my income from last year. If I used my income from this year, it would have been higher. I also took my mom's advice and tried for the Green AMEX, which, as I knew, I ended up getting denied, my mom has a Gold Card, and had a Green previously before, and said to try since the Zync was no longer there. I just went on a whim and was hoping I had a chance, but I knew it was not likely that I was going to get it...lesson learned. I'm 19 and I am a Sophomore. I plan to work for the CHP (Highway Patrol, when and if they start hiring again.) But until then I just plan on going to school and just learn in general in classes that interest me.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

irvine801
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Postby irvine801 » Fri Oct 05, 2012 11:42 pm

CC Deville wrote:Yes sir. With the packs being closed off even to existing cardmembers it should be interesting. I was never interested in the packs as the sole purpose of my ZYNC was backdating. Plus it is wicked cool looking.


Yeah the whole white thing I think looks very cool. "Prestigious" if you will :) but I had no idea the packs were closed off. Very interesting. I'm pretty sure they will announce something sooner then later, deville.
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

CC Deville
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Postby CC Deville » Sat Oct 06, 2012 10:26 am

irvine801 wrote:Yeah the whole white thing I think looks very cool. "Prestigious" if you will :) but I had no idea the packs were closed off. Very interesting. I'm pretty sure they will announce something sooner then later, deville.


Yep! They do have a service center in SLC...maybe you could go knock on their door and get the 411 for us LOL.

CC Deville
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Postby CC Deville » Sat Oct 06, 2012 10:34 am

Snowman wrote:I think the only reason why I was approved for the BOFA card was because I have been banking with them for the last 2 years, initially the declined me as well due to lack of history, but my personal banker had talked to one of their CSR's and they changed their minds and gave me a 700$ limit, but that is because I used my income from last year. If I used my income from this year, it would have been higher. I also took my mom's advice and tried for the Green AMEX, which, as I knew, I ended up getting denied, my mom has a Gold Card, and had a Green previously before, and said to try since the Zync was no longer there. I just went on a whim and was hoping I had a chance, but I knew it was not likely that I was going to get it...lesson learned. I'm 19 and I am a Sophomore. I plan to work for the CHP (Highway Patrol, when and if they start hiring again.) But until then I just plan on going to school and just learn in general in classes that interest me.


Oh I see. I didn't realize you had already applied for a Green. Well you lucked out with the BofA card but it is good to see that your banker went to bat for you. That is how it should be. I would advise at this point to take it easy and let your BofA card grow. Possibly request a CLI in December to see if you can get the limit up to $1,000-$1,500. Then next spring try to a Citibank or even Chase card. Hopefully by next spring you will also start to see some pre approval offers. It is always great to be sought out by the credit card companies vs the other way around. In 2010 Chase wouldn't leave me alone....I received an offer every week for a Freedom card between 2/10 and 11/10 when I finally accepted. But every few weeks they would sweeten the deal, they would offer higher bonus sign up offers, lower APRs etc. So just be patient and give it some time. It will come around faster than you think. For now concentrate on school and staying out of debt.

irvine801
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Postby irvine801 » Sat Oct 06, 2012 3:42 pm

CC Deville wrote:Yep! They do have a service center in SLC...maybe you could go knock on their door and get the 411 for us LOL.


hahaha shoot maybe i should! i have abuddy that works at that call center maybe ill give him a call and ask to see if he knows anything..
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit



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