Reply
Established Contributor
Posts: 511
Registered: ‎10-18-2007
0

Re: Amex Oasis - Updates/Experiences


O6 wrote:

Wolf3 wrote:

 


O6 wrote:

Wolf3 wrote:

  I guess there is hope for those of us who were dropped with accounts in good standing.   

 

  I might apply when my credit improves.


You can always get a bank-issued AmEx like those issued by USAA, BOA, Citibank or even PenFed.


I don't care that much about the AMEX network.    I really only want the "member since 1989"  back.   

 


Smart move. 


Same here. I really only want my history "member since 1988"  back.   I just wonder if Amex is looking at the Oasis program differently given the economy. I'm also curious to know if anyone on the program received cancellations, CLD's or interest rate hikes. I want avoid any foreseeable pitfalls if possible. I know it's hard to predict. I'm just curious...

10/08 - EX 795 / EQ 816 / TU 806
6/09 - EQ 763 / TU 770

Starting Score (2/2010): TU-767, EQ-745
Current Score (2/2010): TU-767, EQ-745
Goal Score (12/2010): TU-780, EQ-790


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Amex Oasis - Updates/Experiences


BBYGRL wrote:

O6 wrote:

Wolf3 wrote:

 


O6 wrote:

Wolf3 wrote:

  I guess there is hope for those of us who were dropped with accounts in good standing.   

 

  I might apply when my credit improves.


You can always get a bank-issued AmEx like those issued by USAA, BOA, Citibank or even PenFed.


I don't care that much about the AMEX network.    I really only want the "member since 1989"  back.   

 


Smart move. 


Same here. I really only want my history "member since 1988"  back.   I just wonder if Amex is looking at the Oasis program differently given the economy. I'm also curious to know if anyone on the program received cancellations, CLD's or interest rate hikes. I want avoid any foreseeable pitfalls if possible. I know it's hard to predict. I'm just curious...


It would truly suck to pay them a lot of money to be able to qualify for the Oasis program only to find they cancel the new card after a few months ... or even a year. 

IAALBNYL
Established Contributor
Posts: 511
Registered: ‎10-18-2007
0

Re: Amex Oasis - Updates/Experiences

That's true but I have to admit that I have to share some of the blame if that happens. I'm still at the "we'll see" stage. 

10/08 - EX 795 / EQ 816 / TU 806
6/09 - EQ 763 / TU 770

Starting Score (2/2010): TU-767, EQ-745
Current Score (2/2010): TU-767, EQ-745
Goal Score (12/2010): TU-780, EQ-790


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Amex Oasis - Updates/Experiences


BBYGRL wrote:

That's true but I have to admit that I have to share some of the blame if that happens. I'm still at the "we'll see" stage. 


How do you figure you share some of the blame?

IAALBNYL
Established Contributor
Posts: 511
Registered: ‎10-18-2007
0

Re: Amex Oasis - Updates/Experiences

I would be foolish to think that they would treat me good in the Oasis program when cardholders in good standing with them were treated so poorly.

10/08 - EX 795 / EQ 816 / TU 806
6/09 - EQ 763 / TU 770

Starting Score (2/2010): TU-767, EQ-745
Current Score (2/2010): TU-767, EQ-745
Goal Score (12/2010): TU-780, EQ-790


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Amex Oasis - Updates/Experiences


BBYGRL wrote:

I would be foolish to think that they would treat me good in the Oasis program when cardholders in good standing with them were treated so poorly.


Unfortunately, true.

IAALBNYL
Frequent Contributor
Posts: 374
Registered: ‎01-08-2010
0

Re: Amex Oasis - Updates/Experiences

what is Amex Oasis?

Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Amex Oasis - Updates/Experiences


joestay wrote:

what is Amex Oasis?


It's a program where former AmEx cardholders that owe AmEx money are offered a new AmEx card if they pay their old debt in full.  It removes you from their blacklist and gives you a card with a CL equal to a percentage -- maybe half -- of what you previously had.

IAALBNYL
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
0

Re: Amex Oasis - Updates/Experiences

I'm not sure about now, but in the past, Amex not only gave you a new card that is back dated and remove you from their blacklist, they also removed all delinqs and derogs from your credit reports too. 

Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Senior Contributor
Posts: 3,626
Registered: ‎10-13-2009
0

Re: Amex Oasis - Updates/Experiences


fused wrote:

I'm not sure about now, but in the past, Amex not only gave you a new card that is back dated and remove you from their blacklist, they also removed all delinqs and derogs from your credit reports too. 


Now THAT would be an incentive!

IAALBNYL
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.