The Hard Limit Zync

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denny33142
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The Hard Limit Zync

Postby denny33142 » Sat Oct 06, 2012 10:34 pm

I have been discussing this on another forum but I just want to see your views on this.

As you know some of us have the Zync card with a $500 limit, A few months ago I found out that this limit is permanent and cannot be removed, meaning that if you ever want a higher limit card you would have to apply for something else.

But here is a new one: I tried applying for the Delta Skymiles yesterday and was Declined, I found that the reason was because as long as you have a Zync card with the hard limit you cannot apply for ANY other card, not even the revolvers which are in a different category.

Long story short, I got the Zync to get my foot in the door with amex, but it looks like it is actually worse to have your foot in the door if you have this particular card.


irvine801
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Postby irvine801 » Mon Oct 08, 2012 4:58 pm

Thats not true. Someone on this forum went from zync to gold. NOT via upgrade , but they applied and got the gold. Upsgreg possibly?
-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 » Mon Oct 08, 2012 7:10 pm

irvine801 wrote:Thats not true. Someone on this forum went from zync to gold. NOT via upgrade , but they applied and got the gold. Upsgreg possibly?


Two separate issues. Yes, Zync is not upgradable but if you currently have a Zync with NPSL you are free to apply for other AMEX cards.

The OP has a Zync with a $500 hard limit. This makes him currently ineligible to open a new AMEX card whilst his hard limit Zync remains open.

CC Deville
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Postby CC Deville » Mon Oct 08, 2012 7:16 pm

denny33142 wrote:As you know some of us have the Zync card with a $500 limit, A few months ago I found out that this limit is permanent and cannot be removed, meaning that if you ever want a higher limit card you would have to apply for something else.
Long story short, I got the Zync to get my foot in the door with amex, but it looks like it is actually worse to have your foot in the door if you have this particular card.


Don't look at it this way. Because you have established your Member Since year with AMEX, you did get your foot in the door with them. You will need to close your Zync before you can apply for other AMEX cards, but any subsequent AMEX card you are approved for will report to the bureaus as opened in 2012 (I assume you opened your Zync this year-if you opened it last year even better).

My advice would be to close your Zync and apply for the Gold Delta Skymiles in January of 2013. If approved, it will report as opened 1/12. Therefore, it is not a total waste. Just be sure that before you go this route that your credit would warrant AMEX approving you for a revolver. One caveat: the Zync is no longer avaialble; so once it's closed there is no way to obtain an other. But it sounds like you only wanted it for an "in" with AMEX and will not miss your Zync.

websteth
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Postby websteth » Mon Oct 08, 2012 7:46 pm

CC Deville wrote:Don't look at it this way. Because you have established your Member Since year with AMEX, you did get your foot in the door with them. You will need to close your Zync before you can apply for other AMEX cards, but any subsequent AMEX card you are approved for will report to the bureaus as opened in 2012 (I assume you opened your Zync this year-if you opened it last year even better).

My advice would be to close your Zync and apply for the Gold Delta Skymiles in January of 2013. If approved, it will report as opened 1/12. Therefore, it is not a total waste. Just be sure that before you go this route that your credit would warrant AMEX approving you for a revolver. One caveat: the Zync is no longer avaialble; so once it's closed there is no way to obtain an other. But it sounds like you only wanted it for an "in" with AMEX and will not miss your Zync.


I would keep ZYNC open until you got the new card personally. I don't know how American Express would backdate witht he gap in service.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
Other:Macy's Star Rewards, Target REDCard

CC Deville
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Postby CC Deville » Mon Oct 08, 2012 8:44 pm

websteth wrote:I would keep ZYNC open until you got the new card personally. I don't know how American Express would backdate witht he gap in service.


Again....you CANNOT open another AMEX card when your current Zync card with a HARD LIMIT is OPEN-it has to be CLOSED. If you have a normal Zync card with a no preset spending limit, you CAN apply and be approved for other AMEX cards. The OP has the Zync with a hard limit. So he has to chose what is more important...taking the chance by closing Zync and going for Gold Delta Skymiles or leaving it the way it is for now. Also, once you establish your Member Since year, it follows you throughout your life unless you screw AMEX over or they no longer have record of your original account because its been multiple eons since you closed it. I closed my Gold card in 2005 and opened a Blue in 2008 and it was backdated. So that was a 3 year "gap in service." I doubt that they would give him trouble for a month or two "gap."

I provided ample caution in my posting: 1) to be sure his credit is worthy of an AMEX revolver before closing Zync and 2) warned him that Zync is no longer available so if he closes his Zync, its gone.

The main point of my response is that with backdating, he really has nothing to lose in the long run.

websteth
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Postby websteth » Mon Oct 08, 2012 8:48 pm

CC Deville wrote:Again....you CANNOT open another AMEX card when your current Zync card with a HARD LIMIT is OPEN-it has to be CLOSED. If you have a normal Zync card with a no preset spending limit, you CAN apply and be approved for other AMEX cards. The OP has the Zync with a hard limit. So he has to chose what is more important...taking the chance by closing Zync and going for Gold Delta Skymiles or leaving it the way it is for now. Also, once you establish your Member Since year, it follows you throughout your life unless you screw AMEX over or they no longer have record of your original account because its been multiple eons since you closed it. I closed my Gold card in 2005 and opened a Blue in 2008 and it was backdated. So that was a 3 year "gap in service." I doubt that they would give him trouble for a month or two "gap."

I provided ample caution in my posting: 1) to be sure his credit is worthy of an AMEX revolver before closing Zync and 2) warned him that Zync is no longer available so if he closes his Zync, its gone.

The main point of my response is that with backdating, he really has nothing to lose in the long run.


My bad. I didn't realize the hard limit account limited things that much.
American Express: Platinum, Zync, Platinum Delta SkyMiles, Blue, Starwood Preferred Guest
Barclaycard US: iTunes Reward Visa, US Airways Premier World MasterCard
Chase: Sapphire Preferred Visa Signature, Freedom Visa
Citi Bank: Hilton HHonors Visa Signature, AAdvantage Platinum Select World Elite MasterCard
Bank of America Virgin Atlantic World Elite MasterCard
Discover: Discover it
Other:Macy's Star Rewards, Target REDCard

Rory
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Postby Rory » Mon Oct 08, 2012 9:28 pm

i would wait till the hard limit is lifted. I highly doubt its permanent. Just wait till your credit profile is deemed worthy of a NPSL and then apply for another amex, they gave you a hard limit to make sure you wouldnt go crazy into debt they thought you couldnt handle, give them the time to assess your profile and figure that out
Amex Zync - NPSL (Cleared up to 25k)
Amex BCE - 12000 limit
Amex BCP - 4200 limit
FIA Rewards Amex- 3500 limit
Chase Freedom - 2000 limit
Chase Slate - 2000 Limit
BoA Cash Rewards Privileges- 3000 limit
Barclaycard Rewards MC - 3000 limit
Discover IT- 3500 limit
Marriott PR- 5000 limit
21 years old with alot of life to spend ;)
Its not about the ending, its about the journey,
just as long as the ending is just as good :cool:

irvine801
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Postby irvine801 » Mon Oct 08, 2012 9:50 pm

I hope I get my hard limit removed. I'm on month 9 and still have it. But on the flip side my fico has dropped a bit due to utilization. So I'm hoping when I pay down they will remove mine.
-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

denny33142
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Postby denny33142 » Tue Oct 09, 2012 12:11 pm

I have had the card since last august so at least when I get a new one it will backdate to 2011, From what I have been told by amex the limit will never be removed (I even called the executive office to verify).

Another current issue with the Zync is that it seems you can no longer add any packs (a result of it being discontinued?), Hopefully they get this resolved because it really takes a lot away from the card.

Too bad I initially did not get approved for the NPSL Zync, This card with its $25 AF would have been perfect, $125 AF for the Gold Card is just too much for me.



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