topic Re: Amex Optima/Oasis program in Credit Cards

Amex Optima/Oasis program

beb86 — Sat, 12 May 2012 06:12:31 GMT

Good news for anyone wondering about the Amex Optima Card. IT STILL EXIST. I called to pay a CO in full from 2006 for $2850 and the told me (once my funds were verified) I was pre-approved for the Optima card with a $800 limit as long as I don't have a BK, or currently hold a Amex, I will be approved. The said I should have the app in 20 days (I assuming this is to let the $0 balance report). But... The Optima card is NOT ELIGIBLE FOR BACKDATING, and any cards you app for from Amex will be an instant denial (wont even pull). Im not complaining, I burned Amex in college and now that I have paid my debt the are letting me back in the door to primeville. I plan on keeping everyone posted as to if the actually keep there end of the deal. None of this would have been possible without the help of the MyFICO community.

edit: the did backdate my account to 2005

Re: Amex Optima/Oasis program

afbar1114 — Mon, 30 Jan 2012 19:31:22 GMT

congrats

Re: Amex Optima/Oasis program

CS800 — Mon, 30 Jan 2012 19:38:59 GMT

Good for you and thanks for the info

Re: Amex Optima/Oasis program

Ron1 — Mon, 30 Jan 2012 20:53:35 GMT

Yes, they do have. They offered him $500 pre-approval Optima Card application when he called to pay one of his Amex in full. They sent him an application last month when he paid off one of his card.

Ron.

Re: Amex Optima/Oasis program

Ron1 — Mon, 30 Jan 2012 20:55:58 GMT

Not everyone is eligible for the Oasis/Optima. They have to offer you when you call. The CL. was set by Amex based on your relationship with Amex.

Ron.

Re: Amex Optima/Oasis program

NikJ4 — Mon, 30 Jan 2012 20:59:26 GMT

Ok so HOW FAR BACK with regards to debt to AMEX does this program work for? Just wondering. I have an old debt that is WAY PAST SOL and reporting of 7 yrs. Is it worth trying to see if this can be revived for this program? Oh what # did you call?

Re: Amex Optima/Oasis program

beb86 — Mon, 30 Jan 2012 21:00:40 GMT

the SOL may be 7/7.5 years but Amex has no SOL when it comes to blacklisting

Re: Amex Optima/Oasis program

beb86 — Mon, 30 Jan 2012 21:03:17 GMT

@NikJ4 wrote:
Ok so HOW FAR BACK with regards to debt to AMEX does this program work for? Just wondering. I have an old debt that is WAY PAST SOL and reporting of 7 yrs. Is it worth trying to see if this can be revived for this program? Oh what # did you call?

8664625235

Re: Amex Optima/Oasis program

NikJ4 — Mon, 30 Jan 2012 21:10:36 GMT

Thanks...; apparently I am not in their system. Not going to beg him to find it. It is WAY old. Just hope whenever I am eligible, I will get back dated.

Re: Amex Optima/Oasis program

bichonmom — Mon, 30 Jan 2012 21:13:47 GMT

When you do this, does/can the old CO be reported again on your CR as paid, if it had previously fallen off due to age?

Re: Amex Optima/Oasis program

beb86 — Mon, 30 Jan 2012 21:16:13 GMT

@bichonmom wrote:
When you do this, does/can the old CO be reported again on your CR as paid, if it had previously fallen off due to age?

after I get the card im going to try a friendly GW to see if the will remove the CO since mine wouldnt fall off until 2014 but im not sure about one that has fallen off

Re: Amex Optima/Oasis program

haulingthescoreup — Mon, 30 Jan 2012 21:16:45 GMT

@bichonmom wrote:
When you do this, does/can the old CO be reported again on your CR as paid, if it had previously fallen off due to age?

It shouldn't.

Closed is closed, and if it's off due to old age, paying wouldn't change that age of closing.

Also, derogs are dated from when they occurred (DOFD), and not from when they most recently updated (DOLA), so that shouldn't be affected either.

Re: Amex Optima/Oasis program

bichonmom — Mon, 30 Jan 2012 21:20:33 GMT

Thanks, Hauling.

Re: Amex Optima/Oasis program

ShootingStar — Tue, 31 Jan 2012 21:05:05 GMT

You may wish to pass on the Oasis offer -- many people have posted within these boards that once the old CO is paid with AMEX, if you simply wait about 3 months, you can app for one of their regular/prime cards and be approved (and they'll also backdate based on the old CO account).

Research it on these boards -- it may be a better option for you?

Re: Amex Optima/Oasis program

beb86 — Tue, 31 Jan 2012 21:10:34 GMT

@ShootingStar wrote:
You may wish to pass on the Oasis offer -- many people have posted within these boards that once the old CO is paid with AMEX, if you simply wait about 3 months, you can app for one of their regular/prime cards and be approved (and they'll also backdate based on the old CO account).

Research it on these boards -- it may be a better option for you?

the will also let you pc (so I have seen on these boards) after 12 months, so the master plan would be to wait it out the 12 months, pc, app for another product and have both back dated to 2005

Re: Amex Optima/Oasis program

Ron1 — Tue, 31 Jan 2012 21:47:26 GMT

@beb86 wrote:
@ShootingStar wrote:
You may wish to pass on the Oasis offer -- many people have posted within these boards that once the old CO is paid with AMEX, if you simply wait about 3 months, you can app for one of their regular/prime cards and be approved (and they'll also backdate based on the old CO account).

Research it on these boards -- it may be a better option for you?
the will also let you pc (so I have seen on these boards) after 12 months, so the master plan would be to wait it out the 12 months, pc, app for another product and have both back dated to 2005

You cannot pc after 12 months. You were able to do it a few years ago. You have to close the Optima card to apply for the regular Amex cards. Otherwise, they will denied you because you have a Amex rebuilder card.

Ron.

Re: Amex Optima/Oasis program

Apexdv — Sat, 14 Apr 2012 20:50:12 GMT

Hi All - I had a 3 y/o Amex CO ($2600) which I paid off in a short amount of time by making regular payments via the online account which was still active - I never spoke with their CA and once I began making the payments I never received any calls or letters from them. About 2 weeks after the final payment I received the "Opportunity to Gain Cardmembership" letter and promptly mailed the completed form (name, SS#, yearly income were the only questions) back on 4/4/2012. Today, 4/14/2012 I received the new card under the Oasis program. It is, as expected, the AX Optima card (blue & white) with a $1300 CL. Although it is not eligible for the rewards programs, etc it can still be used for credits via FourSquare, Rewards Network, etc.

Until 2010 my credit was very good: in the upper 700's on occasion plowing me into the 800-club then like many the company I worked for closed down and ... blahblahblah. Long story short - doing very well now and now I have only 2 accounts left to be paid. Yay me! Question: the original Amex (Delta Gold) was a TL from 2008. The new Oasis card has a member since listed as 2012. The online account which is still active and now has my Oasis Optima activated within shows a member since date of "2008". I've read many posts where others have had success in backdating the Oasis to the original and others where it was automatically backdated. Do you think I should wait to see of the Oasis Optima backdates automagically or should I phone via the backdoor number -or- regular CS number?

Thanks all in advance. I've been lurking about these boards for over a year now - truly a great group of posters on here and I've learned much.

Cheers!

Re: Amex Optima/Oasis program

Anonymous — Sat, 14 Apr 2012 21:04:54 GMT

Congratulations and welcome back into the Amex family!

A lot of us have experienced bumps that have blemished our credit. I'm glad to hear that you're past the roughest patch and are on your way to rebuilding. Good for you -- you should feel proud of yourself!

As for your question, the date that is shown on the online portal is the date that Amex reports to the CRAs, so it sounds like they did backdate your card. You can always call them and ask them to send you a new card with the correct member since date on it. If any of this is not true because it's an Optima card, the CSR should be able to let you know.

Once again, congrats, and best wishes for your credit future.

Re: Amex Optima/Oasis program

beb86 — Sat, 14 Apr 2012 22:18:41 GMT

Mine was dated '12 but online said '05 I called and requested it to be changed to '05 and a week later the new card came in

Re: Amex Optima/Oasis program

Anonymous — Sun, 13 May 2012 00:42:12 GMT

"any cards you app for from Amex will be an instant denial (wont even pull). Im not complaining" <---According to the OP, this Optima AMEX card is the reason for my denial. Is this correct? I've had the card close to two years now with a $500 credit limit. Should I close this account, wait 6 months then apply for a Zync?