Long known for its line of charge cards, American Express recently unveiled a new charge product targeted towards the younger generation. The Amex Zync is being pitched as a way to build your credit history without the danger of running up high interest charges, since it must be paid in full every month. As a charge card, any balances you carry on your Zync will not count towards your utilization ratios on either your FICO or Vantage Score.

The Zync does carry an annual fee, though at $25, it is much lower than its elder siblings. Purchases earn Membership Rewards points which can be redeemed for the usual assortment of travel, shopping, and entertainment rewards. In addition, there are four “Lifestyle Packs,” that can boost your benefits. For instance, the “Go” pack costs an additional $20/year and doubles the number of points your airfare purchases earn. The “Social” pack also costs another $20/year and doubles your points on restaurant, concert and theater purchases.

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