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AMEX OASIS reporting

New Visitor

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!

Message 1 of 5
4 REPLIES
Moderator Emeritus

Re: AMEX OASIS reporting

Welcome to the forums!

 

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

Message 2 of 5
Senior Contributor

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
Message 3 of 5
New Visitor

Re: AMEX OASIS reporting

Excellent, thanks for your assistance.

Message 4 of 5
Established Member

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.

Message 5 of 5