APPing for CC's with very old charge-offs

[Anonymous]

Hello All,

First time poster.  Loving all the great information on this site, and the helpful suggestions from fellow members.

In general, will credit card companies approve you for a credit card if you had a charge-off with them more than 7 years ago?

How long will information like this be in their "system"?

When I was in college 20 years ago, I had a basic AMEX Green card which eventually got charged off with a $4000+ balance.

Will I ever be able to obtain one of their CC's?

Thanks in advance!

[LS2982]

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@Anonymous wrote:

Hello All,

First time poster.  Loving all the great information on this site, and the helpful suggestions from fellow members.

In general, will credit card companies approve you for a credit card if you had a charge-off with them more than 7 years ago?

How long will information like this be in their "system"?

When I was in college 20 years ago, I had a basic AMEX Green card which eventually got charged off with a $4000+ balance.

Will I ever be able to obtain one of their CC's?

Thanks in advance!

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Welcome to the forums!!!

Burning AMEX in general is not good, if you have the money to pay I would call AMEX and see if you can PIF and get registered in their Optima program (which is a second chance for prior AMEX cardholders who have settled their past debts)

[Anonymous]

Unfortunately, that's not possible anytime in the near future, especially since I didn't hit the MegaMillions last week.

Maybe in another lifetime.

[SwiftTone]

Prob not possible to get another CC with them if you still owe them money, even if it drops off the CR.

[Wolf3]

When the charges off are deleted from your credit report ( 7.5 years).    Then you should have no problems with other companies you did not burn.

There are a lot of other choices besides AMEX.  

[LS2982]

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@Wolf3 wrote:

When the charges off are deleted from your credit report ( 7.5 years).    Then you should have no problems with other companies you did not burn.

There are a lot of other choices besides AMEX.  

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He may have other options now (Cap1)

[SwiftTone]

I would never expect a CC to give me credit if I burned them before.

[boomhower]

Amex doesn't forget.  If you pay them back they will often give you a second chance but I don't think I've ever seen anyone get back in without paying first.  Citi also blacklists and I believe Chase does as well but I'm not 100% sure on that one.

[Anonymous]

I would rather pay Amex the $4k and start all over with them than go with Cap1.

I've just about had it with them.  My CC with them has a $59 AF which usually was comped off until last year.  I've never been given a CLI (current $1300), and my APR has risen from 12.99% to 22.99% for no good reason.  I've never had a late payment.

If I don't get this year's fee waived, it's good riddance.

Also, I presumed I've burned my bridge with AMEX.  I wasn't expecting to open another acct with them.  Just asked the question for my personal edification.

[injustifiiable]

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@Anonymous wrote:

Hello All,

First time poster.  Loving all the great information on this site, and the helpful suggestions from fellow members.

In general, will credit card companies approve you for a credit card if you had a charge-off with them more than 7 years ago?

How long will information like this be in their "system"?

When I was in college 20 years ago, I had a basic AMEX Green card which eventually got charged off with a $4000+ balance.

Will I ever be able to obtain one of their CC's?

Thanks in advance!

---

I'm actually curious about the same thing except with me it is Bank of America. Had an account with them that charged off in 2002 when I was 19 and didn't know any better. Have since paid the balance and it's off my report. Do they blacklist as well?