I had an AmEx CO in 2007 which I recently finished paying a settlement on. I was hoping we might get an invitation to regain card membership through the Oasis program, but I'm not sure whether it's still being offered or what the criteria would be to get the invitation. Anyone have any (fairly recent) information on the program? Thanks.
Thanks. I've heard that too. But I thought it might be worth asking for anyway. I just got a letter thanking me for settling and mentioning the 1099. I read in another forum that because I've opted out I may not get the letter. Who knows.
I have been in it since jan of 2012. Was a bit difficult to set up but calling the oasis line on the top of the forums and you should be good to go. My limit is low but been using it very responsibly so my credit has seen a up tick.
If you don't mind my asking, did your brother have to make a lump sum payment or was he able to make payments? I'd really like to PIF given the opportunity to rebuild a relationship with them, but being self-employed, this wouldn't be the time for me to do it.
This is Ron's brother. No. I did not have to make a lump sum payment. They will send you an application for the card as long as you have made payment arrangements with them and that you pay off the entire balance. However, if you owe them in more than one account, they will suspend your card until everything that you owe them is paid in full.