I'm on cloud 9 at the moment!!! Let me explain:
A few years back while in college I didn't do right by American Express, I ran up a hefty $9000 credit card and then settled for a little under 25% of the original amount. At the time I thought settling would be the best thing to do, but I didn't realize that the company I would later work for uses American Express corporate cards for company expenses. AmEx gave me the benefit of removing the negative tradeline from all of my credit reports which was a HUGE favor they didn't have to do but not opening up a new card until my balance was zeroed out. So the last year or so I decided to work with American Express on paying off the remainder of the balance even though I was under no obligation to do so. I've reduced the bill down to roughly $500 and have read so much on these forums that AmEx does not forgive until you owe them absolutely nothing which I witnessed earlier this year when I applied for a card and received a letter saying I was not approved until my past debts were fulfilled. They didn't even run a credit check. Fast forward to today and someone must have forgiven me because even though my balance is not fully paid off, they manually approved me for a new revolving AmEx card!
According to the AmEx Status Check Results:
Status of Application: "Approved"
Next Step: "Congratulations! Your application has been approved and you should receive your new card within 7-10 days.
If you requested a balance transfer to this card, click here to view the status of that transfer"
I would like to know the terms of the card and the limit but I dare not call in... or should I?
I wonder whether it will have a new membership date or the original date I joined.
I'll definitely go for the 61-day 3X CLI but by that time I will have fully paid back the old debt.
I'm still on the fence about calling in. What would I say lol: I'm calling to check the status and terms of my new card? I can see the rep now saying hold on while we check into this as you have a previously closed account associated with this SSN...
Log into americanexpress.com and the date at the top of the main screen will tell you your member since year.
AMEX uses inhouse collections which is a benefit when you want to do right by them...Congrats... what card did you get approved for