I'm on cloud 9 at the moment!!! Let me explain:
A few years back while in college I didn't do right by American Express, I ran up a hefty $9000 credit card and then settled for a little under 25% of the original amount. At the time I thought settling would be the best thing to do, but I didn't realize that the company I would later work for uses American Express corporate cards for company expenses. AmEx gave me the benefit of removing the negative tradeline from all of my credit reports which was a HUGE favor they didn't have to do but not opening up a new card until my balance was zeroed out. So the last year or so I decided to work with American Express on paying off the remainder of the balance even though I was under no obligation to do so. I've reduced the bill down to roughly $500 and have read so much on these forums that AmEx does not forgive until you owe them absolutely nothing which I witnessed earlier this year when I applied for a card and received a letter saying I was not approved until my past debts were fulfilled. They didn't even run a credit check. Fast forward to today and someone must have forgiven me because even though my balance is not fully paid off, they manually approved me for a new revolving AmEx card!
According to the AmEx Status Check Results:
Status of Application: "Approved"
Next Step: "Congratulations! Your application has been approved and you should receive your new card within 7-10 days.
If you requested a balance transfer to this card, click here to view the status of that transfer"
I would like to know the terms of the card and the limit but I dare not call in... or should I?
Starting Score: EQ 675 | TU 688 | EX 702
I'll definitely go for the 61-day 3X CLI but by that time I will have fully paid back the old debt.
I'm still on the fence about calling in. What would I say lol: I'm calling to check the status and terms of my new card? I can see the rep now saying hold on while we check into this as you have a previously closed account associated with this SSN...
Starting Score: TU:650 - EQ: 672
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