topic AMEX OASIS reporting in Credit Cards

AMEX OASIS reporting

Anonymous — Sat, 14 Aug 2010 17:14:28 GMT

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!

Re: AMEX OASIS reporting

fused — Sat, 14 Aug 2010 17:20:00 GMT

Welcome to the forums!

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

Re: AMEX OASIS reporting

Anonymous — Sun, 15 Aug 2010 02:51:19 GMT

@Anonymous 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.

Re: AMEX OASIS reporting

Anonymous — Tue, 17 Aug 2010 00:50:44 GMT

Excellent, thanks for your assistance.

Re: AMEX OASIS reporting

MP14 — Tue, 17 Aug 2010 16:09:19 GMT

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.