Want to upgrade from Zync

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SparkyinCA
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Postby SparkyinCA » Tue Feb 05, 2013 11:49 pm

denny33142 wrote:Perhaps he had a $500 Zync without the AutoPay option, When i called the Executive Office to inquire they told me that the reason i cannot get another card is because i am enrolled in AutoPay, And obviously you cannot remove the autopay option from this particular zync because it is mandatory, In short you would need to cancel the card.

I don't know if i posted this already but here it goes:

"Thank you for your recent application. We were unable to approve your request for the following reason:

[B][color="red"]Because you have the ZYNCSM Card with a spending limit, we cannot open another American Express card account for you at this time.
[/color]


An important notice concerning your rights is included. The creditor is American Express Centurion Bank.

We hope you are enjoying the benefits and services of your ZYNC Card.[/B]"

The thread that you posted is a first for me, but if you search around you will find many more people in our position, and i tend to believe an official letter from amex themselves more then from a single person online.


I understand what you're trying to argue, but somehow you are interpreting things askew for some reason. The above quote from Amex does not mean "close your Zync card". It means you need to get the limit removed first and they will do that if your scores and credit reports are clean and you have satisfactory history with them. What are your current credit scores and what do your credit reports look like? Here are my scores currently - 686 EX, 704 TU, 682 EQ - These are all my latest FICO scores and not FAKO's. My CR's have a couple of dings that are about to age off later this year. I don't expect Amex to lift my limit yet, but when my scores hit mid 700's, and my CR's are clean there should be no reason for them to want to hold me back from getting other products. So I completely disagree with what you are claiming as "facts". I think a CSR got you off the phone because your CR's and scores still need work, simple as that. Your claim of [color="red"]"As long as you have that $500 Zync open you will not be able to get another card."[/color] is just a false statement and I stand by it. Amex told you as long as you have a limit, you can't get another product, so work on getting the limit removed from the Zync (has nothing to do with your autopay as Rory stated to you also). Amex is not going to force you to close the Zync card, but they won't remove the limit until your scores are better and you have clean credit reports.

I prefer to deal in facts. What you wrote is not a fact, but a misleading statement to others that are reading these postings about Zync cards. That's all I'm pointing out.


prady
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Postby prady » Wed Feb 06, 2013 9:37 am

Just spoke with them regarding pre-set spending limit and they said they can't remove it. So basically this stupid card is good for nothing. I am pretty sure my scores are not a problem. I don't think Gold card needs 720 score, most my friends have it in high 600's.

My experian is over 700
TU 680
EQ ~680

I have not been able to find a single thread where someone has been able to remove PSL, considering they finished Zync off altogether, i doubt there is any reason for them to remove the limit.

denny33142
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Postby denny33142 » Wed Feb 06, 2013 2:20 pm

SparkyinCA wrote:I understand what you're trying to argue, but somehow you are interpreting things askew for some reason. The above quote from Amex does not mean "close your Zync card". It means you need to get the limit removed first and they will do that if your scores and credit reports are clean and you have satisfactory history with them. What are your current credit scores and what do your credit reports look like? Here are my scores currently - 686 EX, 704 TU, 682 EQ - These are all my latest FICO scores and not FAKO's. My CR's have a couple of dings that are about to age off later this year. I don't expect Amex to lift my limit yet, but when my scores hit mid 700's, and my CR's are clean there should be no reason for them to want to hold me back from getting other products. So I completely disagree with what you are claiming as "facts". I think a CSR got you off the phone because your CR's and scores still need work, simple as that. Your claim of [color="red"]"As long as you have that $500 Zync open you will not be able to get another card."[/color] is just a false statement and I stand by it. Amex told you as long as you have a limit, you can't get another product, so work on getting the limit removed from the Zync (has nothing to do with your autopay as Rory stated to you also). Amex is not going to force you to close the Zync card, but they won't remove the limit until your scores are better and you have clean credit reports.

I prefer to deal in facts. What you wrote is not a fact, but a misleading statement to others that are reading these postings about Zync cards. That's all I'm pointing out.


I am not misleading anyone, Perhaps a few people from the swarm have been able to get the limit removed, but the general consensus is that the PSL Zync is its own card and cannot have the limit removed, I don't have to tell you this, all you have to do is search around and you will see how difficult it is to find someone who has had the limit removed.

I only have one baddie on my report and it is several years old, my fico when i first got the Zync was 623, I now have a fico of 680 (at least thats what the last amex denial letter said), and i still cannot get the limit removed even after having the card for over 2 years with no late payments on either the zync or any of my other credit cards.

Perhaps i should have said that it was unlikely the limit would be removed instead of saying it cannot be removed, but my opinion still stands based on my experience and that of almost everyone else.

SparkyinCA
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Postby SparkyinCA » Wed Feb 06, 2013 6:52 pm

denny33142 wrote:I am not misleading anyone, Perhaps a few people from the swarm have been able to get the limit removed, but the general consensus is that the PSL Zync is its own card and cannot have the limit removed, I don't have to tell you this, all you have to do is search around and you will see how difficult it is to find someone who has had the limit removed.

I only have one baddie on my report and it is several years old, my fico when i first got the Zync was 623, I now have a fico of 680 (at least thats what the last amex denial letter said), and i still cannot get the limit removed even after having the card for over 2 years with no late payments on either the zync or any of my other credit cards.

Perhaps i should have said that it was unlikely the limit would be removed instead of saying it cannot be removed, but my opinion still stands based on my experience and that of almost everyone else.


I'm getting feedback there are others that recently have had the limits removed from the Zync. Here is the thread:

http://creditboards.com/forums/index.php?showtopic=506609&hl=

I guess we're going to have to agree to disagree on this, so let's leave it at that.

ivotedale
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Postby ivotedale » Wed Feb 06, 2013 7:07 pm

When I was approved for the card in summer of 2011, I did not have any pre-set limits, and still do not.

I've definitely heard others around the forum here that have had $500 limits removed within a couple months time- not sure what the issue is otherwise.
Currently: American Express Blue Sky, American Express Zync, Chase Freedom Visa, Capital One Newcomers--->converted to Capital One Quicksilver Mastercard NO AF

Rory
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Postby Rory » Wed Feb 06, 2013 10:05 pm

denny33142 wrote:I am not misleading anyone, Perhaps a few people from the swarm have been able to get the limit removed, but the general consensus is that the PSL Zync is its own card and cannot have the limit removed, I don't have to tell you this, all you have to do is search around and you will see how difficult it is to find someone who has had the limit removed.

I only have one baddie on my report and it is several years old, my fico when i first got the Zync was 623, I now have a fico of 680 (at least thats what the last amex denial letter said), and i still cannot get the limit removed even after having the card for over 2 years with no late payments on either the zync or any of my other credit cards.

Perhaps i should have said that it was unlikely the limit would be removed instead of saying it cannot be removed, but my opinion still stands based on my experience and that of almost everyone else.


When i first got my zync my scores were what yours are now. Amex will appreciate your length of cardmembership down the line but with a score that low you were lucky to get an amex at all.

Waiting sucks, but that doesnt mean you should just throw in the towel or get pissed about your limited spending ability and go and generalize something that you have ZERO authority on. We are all here to inform, help, and learn. Not mislead or argue about who is right and who cant accept that they are wrong in a situation.

I got my PSL removed very quickly and within less than a year have spending ability above 10k. My scores help that as Amex soft pulls throughout each month for each and every member to calculate that number. Your credit scores have not been in their range of lifting that limit since you first got the card so dont be so surprised that they wont lift it for you when you ask and wont extend you any other form of credit/charge card.

If they did i would just ask for a centurion card and SRT8's MR points. :cool:
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:

itsmeandrew
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Postby itsmeandrew » Thu Feb 07, 2013 1:33 am

One month after I got my Zync, my limit was removed.
Capital One Platinum $500 (2/2010) CLOSED (1/2013)
Wells Fargo College Cash Back $1.2K (8/2011) CLOSED 3/2015
Chase Freedom (Signature) $10K (4/2012)
AmEx Zync NPSL (4/2012)
Samuels Financing $2.9K CLOSED 4/2015
Discover IT $3.95K (7/2012)
Chase Marriott Premier (Signature) $5K (9/2012)
Chase Slate $2.5K (12/2012)
Citi Simplicity $4K (3/2013)
AmEX BCE $9.5K (5/2014)
Chase Amazon $4.5K (5/2014)
Barclaycard Apple Financing $2K (6/2014)
Capital One VentureOne (Signature) $5K (1/2015)


TU (Discover): 760

Gags1892
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Postby Gags1892 » Thu Feb 07, 2013 10:44 am

Just my $0.02 on the issue: I too am currently a ZYNC card-holder (~1 year). I received a letter in the mail saying AmEx is discountinuing the ZYNC packs completely. If I cancel my card BEFORE April 4th, I receive a credit of my yearly charge for having the card ($25). I used the restaraunt pack OFTEN, as it was double points per use, and now that it's gone, I see no use...

I applied, and was instantly approved for, the Green Card! I plan on activating my Green, cancelling my ZYNC. My points are already transferred over.

prady
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Postby prady » Thu Feb 07, 2013 2:27 pm

itsmeandrew wrote:One month after I got my Zync, my limit was removed.


That is very strange. Like i said my scores r reasonable now. It's jsut that my credit is not very old. AAOA is 1.5 yrs, maybe that's why they don't trust me yet

Robrus1
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Postby Robrus1 » Thu Feb 07, 2013 3:17 pm

There's something they're seeing that they don't like. Whatever it is, is hard to say. I'd just keep using the card and paying on time and try again a few months down the road. Maybe you'll just have to wait until that baddie from '06 falls off.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K



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