topic AMEX, I appreciate your forgiveness. in Credit Cards

AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 06:02:26 GMT

So, I had my first AMEX card when I was 20 years old. I didn't know how to manage the card and defaulted on 16K worth of charges. 20 years later, I applied for an AMEX Green. Even though I never paid back the 16k, they approved me and a few months later, they upgraded me to a Gold card. I've averaged 20k per month on my card since being back with AMEX. My accountant was all over me because I keep using my personal card for business expenses. He suggested that I get a business charge card. I applied for an Amex Business Gold and was denied. Guess what, I was denied because I had an old debt with them. The same old debt I had when they approved me for a personal card. In the denial letter, they said that they will immediately approve me for the business charge card if I paid the 16k ASAP. Guess what... I paid the money and they didn't charge me interest. Whew! I thought for sure I was going to owe them at least 50k in interest. Now, let's see if they honor their word. Lol I will say this... It's nice to finally have the monkey off of my back. It's a freeing feeling.

Re: AMEX, I appreciate your forgiveness.

bichonmom — Mon, 23 Jan 2012 06:04:42 GMT

Did you get your Amex backdate? If so, how did you do it?

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 06:06:55 GMT

@bichonmom wrote:
Did you get your Amex backdate? If so, how did you do it?

Yes, my card was backdated to 1991. The first card they sent had 2011. When they upgraded me, it had the backdated year.

Re: AMEX, I appreciate your forgiveness.

bichonmom — Mon, 23 Jan 2012 06:12:50 GMT

So, you didn't need to ask them to backdate? They just did it automatically?

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 06:13:49 GMT

It did it automatically.

@bichonmom wrote:
So, you didn't need to ask them to backdate? They just did it automatically?

Re: AMEX, I appreciate your forgiveness.

pizzadude — Mon, 23 Jan 2012 12:55:03 GMT

Wow. I am quite surprised that they let you back even before you paid the 16k.

But this is AMEX and I think they that they are just keeping us on our toes ~ every time I think we have them figured out they make exceptions to the rule......

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 13:46:45 GMT

@pizzadude wrote:
Wow. I am quite surprised that they let you back even before you paid the 16k.

But this is AMEX and I think they that they are just keeping us on our toes ~ every time I think we have them figured out they make exceptions to the rule......

You hit the nail on the head with that statement!!

Congrats TBB!!!

Re: AMEX, I appreciate your forgiveness.

CS800 — Mon, 23 Jan 2012 14:47:19 GMT

@pizzadude wrote:
Wow. I am quite surprised that they let you back even before you paid the 16k.

But this is AMEX and I think they that they are just keeping us on our toes ~ every time I think we have them figured out they make exceptions to the rule......

+ 1

This statement reminded me of the movie 'Predators' (sorry sci fi person here). Lawrence Fishburn said that about the predators. Just when you think you have them figured out, they change tactic

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 14:56:38 GMT

Haaaa! CS, I'm a scifi junkie as well and totally remember that line.

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 15:02:20 GMT

Many congrats to you for both cards! A big chest bump for even paying the bill....this is just one more reason why I love Amex!

Re: AMEX, I appreciate your forgiveness.

quest208 — Mon, 23 Jan 2012 16:25:23 GMT

just so you know, amex did not charge me interest. i dont owe as much as you, but its interest free.

i already made one payment i should be sealing the deal with a second payment then they're sending me an application.

gotta love amex, forwhateverreason

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 16:29:23 GMT

@Anonymous wrote:
So, I had my first AMEX card when I was 20 years old. I didn't know how to manage the card and defaulted on 16K worth of charges. 20 years later, I applied for an AMEX Green. Even though I never paid back the 16k, they approved me and a few months later, they upgraded me to a Gold card. I've averaged 20k per month on my card since being back with AMEX. My accountant was all over me because I keep using my personal card for business expenses. He suggested that I get a business charge card. I applied for an Amex Business Gold and was denied. Guess what, I was denied because I had an old debt with them. The same old debt I had when they approved me for a personal card. In the denial letter, they said that they will immediately approve me for the business charge card if I paid the 16k ASAP. Guess what... I paid the money and they didn't charge me interest. Whew! I thought for sure I was going to owe them at least 50k in interest. Now, let's see if they honor their word. Lol I will say this... It's nice to finally have the monkey off of my back. It's a freeing feeling.

Congrats. More companies should conduct business this way. It's a win win for all involved.

Re: AMEX, I appreciate your forgiveness.

DanielF — Mon, 23 Jan 2012 16:48:49 GMT

When I was in the process of settling my old debts, I had a 16k balance with AMEX. Nationwide was the CA and I settled with them for less than the full balance. A day after I settled the account a rep from Nationwide called and said I qualified for a deal where if I payed back the full amount - the settlement, they would open a new AMEX card with a CL of 4900. I didn't take the offer at the time as I was trying to get all my old debts settled, but I always wondered if they would hold true to that deal. It may be worth a shot in the future. Let us know how it works out for you.

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 16:57:37 GMT

@Anonymous wrote:
Haaaa! CS, I'm a scifi junkie as well and totally remember that line.

+1 here!!!

And congrats on getting everything squared away with Amex.

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 17:15:52 GMT

I just heard from AMEX regarding my application for the business charge card. The rep told me to call back once I receive the letter they sent me on 1/19/12 confirming that the outstanding balance has been paid and we can move forward with the application.

Re: AMEX, I appreciate your forgiveness.

Anonymous — Mon, 23 Jan 2012 17:17:14 GMT

@Anonymous wrote:
I just heard from AMEX regarding my application for the business charge card. The rep told me to call back once I receive the letter they sent me on 1/19/12 confirming that the outstanding balance has been paid and we can move forward with the application.