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LBDT
Posts: 2
Registered: ‎08-14-2010
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AMEX OASIS reporting

A  few quick questions for those in AMEX’s Oasis program:

 

To get into the program, for your original AMEX card did you have to pay your outstanding balance in full or did you have a paid settlement?

 

Also, now that you are in the program, how is the original card being reported to the bureaus?  Are they reporting any negative history?

 

I appreciate your assistance!

Moderator Emeritus
fused
Posts: 16,336
Registered: ‎03-12-2007
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Re: AMEX OASIS reporting

Welcome to the forums!

 

I'm going to move your post to the CC (credit card) forum.

Credit Profile -
FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K
Senior Contributor
O6
Posts: 3,626
Registered: ‎10-13-2009
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Re: AMEX OASIS reporting


LBDT wrote:

A  few quick questions for those in AMEX’s Oasis program:

 

To get into the program, for your original AMEX card did you have to pay your outstanding balance in full or did you have a paid settlement?

 

Also, now that you are in the program, how is the original card being reported to the bureaus?  Are they reporting any negative history?

 

I appreciate your assistance!


From what I have seen, you must pay 100% of the original balance.  If you have a settlement, you need to make up the difference.

 

Once in the program, it should report without any of the prior negative history as long as a) that history is over 7 years old and / or b) it was not on your credit report anyhow.

IAALBNYL
New Visitor
LBDT
Posts: 2
Registered: ‎08-14-2010
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Re: AMEX OASIS reporting

Excellent, thanks for your assistance.

Established Member
MP14
Posts: 17
Registered: ‎01-10-2008
0

Re: AMEX OASIS reporting

ok this leads to another question...my amex shows never late, but is in collection (just a few more payments!).  Any guesses as to how it will report when I get my Oasis card (already have been offered upon PIF).

 

Thanks.


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