Reply
New Member
HenRut2
Posts: 5
Registered: ‎10-08-2013
0

Restore Previous CC After 13 Discharge?

I am in the final year of a 13 filing. During the salad years (before filing) I had a Gold and Platinum Amex.  The Gold had no debt and the Platinum had about 3K on it.  As the Amex card is helpful in my business, I would like to restore one of them after discharge next July.  Does it make sense to try?  I know they will require me to pay off the previous debt (possibly plus interest) before even considering it.  My question is, will they consider it?  Can I even trust them if they say to send them 3K (plus) and they'll give me a card?  Would they put such a thing in writing?  Thanks.

Valued Contributor
ezdriver
Posts: 1,915
Registered: ‎08-24-2013
0

Re: Restore Previous CC After 13 Discharge?

I doubt very much that Amex would give you another card. A cancelled card is not restorable as far as I have experienced.



Starting Score: 618
Scores on 10/9/13: EFX 652, XPN 669, TUC 662
Scores on 3/17/14: EFX 649, XPN 677, TUC 681
Goal Score: 720 ALL


Take the myFICO Fitness Challenge
New Member
HenRut2
Posts: 5
Registered: ‎10-08-2013
0

Re: Restore Previous CC After 13 Discharge?

Kind of what I thought. You think that would apply to any credit from Amex?

Valued Contributor
ezdriver
Posts: 1,915
Registered: ‎08-24-2013
0

Re: Restore Previous CC After 13 Discharge?


HenRut2 wrote:

Kind of what I thought. You think that would apply to any credit from Amex?


I have tried on more than one occasion to get Amex to approve a new card. Was never successful and lost interest. I also tried to get Wells Fargo to do the same as my WF Visa was cancelled when I filed for Ch 7 bankruptcy last year. I even offered to pay the outstanding balance despite it having beed discharged. They refused. Same for Capital One.

 

My recommendation is to focus on rebuilding your credit and forgetting about Amex.

 

You may want to talk to your bank where you do your business banking. They can often help when direct app to Amex would fail.



Starting Score: 618
Scores on 10/9/13: EFX 652, XPN 669, TUC 662
Scores on 3/17/14: EFX 649, XPN 677, TUC 681
Goal Score: 720 ALL


Take the myFICO Fitness Challenge
New Member
HenRut2
Posts: 5
Registered: ‎10-08-2013
0

Re: Restore Previous CC After 13 Discharge?

>>My recommendation is to focus on rebuilding your credit and forgetting about Amex.<<

 

Yeah, I'm already underway with that. Just wondering if it's possible.  You've confirmed.  Thanks.  I suppose snooty Amex has their "elite" reputation to uphold.  But Capitol One?!!  The "What's in your wallet?' clowns? 

 

Anyway, on a side note, my wife has both a Gold Amex and a Gold BofA Visa.  I tried getting a second card using my name and SS.   Amex turned me down but BofA had no problem issuing me a card.  Really helps to have a cc with my name on it when traveling.  Ironically, I owed BofA (on two cards) much more when I filed 13 than Amex.  Go figure.

Moderator
09Lexie
Posts: 26,577
Registered: ‎09-13-2012
0

Re: Restore Previous CC After 13 Discharge?

Amex has a program called Oasis for previously defaulted cc's. Of course, the rest of the credit should pass UW which means you need to let some time pass before applying. The info on Oasis can be googled and the number is in the Credit Card Forums Backdoor Number sticky.
Regular Contributor
mgs2010
Posts: 185
Registered: ‎07-26-2009
0

Re: Restore Previous CC After 13 Discharge?

Maybe apply for an amex card that isn't issued by Amex, such as USAA? Just an idea. I probably wouldn't pay the 3,000 just because they say you may or may not get approved for a credit card with them..

New Member
HenRut2
Posts: 5
Registered: ‎10-08-2013
0

Re: Restore Previous CC After 13 Discharge?

The Oasis program sounds like something I might explore after I'm discharged.  Thanks for the info.

New Member
HenRut2
Posts: 5
Registered: ‎10-08-2013
0

Re: Restore Previous CC After 13 Discharge?

The Amex infinity card route sounds like a possibility through someone like USAA or Delta Airlines, but I assume their application process is handled by Amex, taking me back to square one.  Not worth risking 3K on just their say-so.  Would need something in writing and I'm increasingly less enamoured of the whole idea.  After all, rental car companies and hotels (when traveling) couldn't care less what kind of card you hand them.  Thanks for the reply.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}