topic Re: AMEX Optima and backdating in Credit Cards

AMEX Optima and backdating

DanielF — Fri, 29 Mar 2013 16:05:18 GMT

I had an American Express account that was charged off in 2006 and then settled for less than the balance in 2011. As part of AMEX's settlement with the government, they offered me an Optima card and I was approved. The account will not be eligible for a CLI for 3 years, but definitely worth the second chance. My question is regarding backdating. The original account is scheduled to come off my credit in June. Should I try and get the backdating to help my AAOA or should I just let the old account fall from the reports?

Re: AMEX Optima and backdating

webhopper — Fri, 29 Mar 2013 16:08:02 GMT

I think you should call member services and try to get the backdating..

They don't call it backdating though, When you call, ask them to adjust your "Member Since" date to reflect your original Member Since date.

Congrats also on getting back in with Amex

Re: AMEX Optima and backdating

WolfMan — Fri, 29 Mar 2013 17:34:09 GMT

I don't think they will backdate to an account that has been settled, but it's worth a try.

Re: AMEX Optima and backdating

jkdem85 — Fri, 29 Mar 2013 17:46:58 GMT

I just got my apr too it wasnt backdated but the rep did say I could apply for a cli after a month of payments.

Re: AMEX Optima and backdating

Creditcurious74 — Fri, 29 Mar 2013 18:45:39 GMT

The Optima card don't qualify for CLI so I don't know how the rep told you that information. I applied for the card so once I get it I will request the chnge member date.

Re: AMEX Optima and backdating

Anonymous — Fri, 29 Mar 2013 19:23:42 GMT

DanielF wrote:

Hey i am not knocking you, good you got back in with amex. BUT, are you saying that the government made amex give you another credit card after you let one go into default? Is what makes me a libertarian.

Re: AMEX Optima and backdating

DanielF — Fri, 29 Mar 2013 19:46:54 GMT

I don't completely disagree with your assessment but the settlement required them to offer the card because of how they settled the accounts.

Re: AMEX Optima and backdating

jkdem85 — Tue, 02 Apr 2013 01:06:28 GMT

the card definitly qualifies for a CLI it is not the same optima as offered in the oasis program. The paperwork I got stated no CLI for 36 months, however again I spoke to 2 reps now who said you can ask after a month.

Re: AMEX Optima and backdating

LS2982 — Tue, 02 Apr 2013 01:09:52 GMT

Congrats on getting back in with AMEX!!!!

Hopefully they do adjust your Member Since date!!

Re: AMEX Optima and backdating

FocusedAndDetermined — Tue, 02 Apr 2013 01:18:00 GMT

@Anonymous wrote:
@DanielF wrote:
I had an American Express account that was charged off in 2006 and then settled for less than the balance in 2011. As part of AMEX's settlement with the government, they offered me an Optima card and I was approved. The account will not be eligible for a CLI for 3 years, but definitely worth the second chance. My question is regarding backdating. The original account is scheduled to come off my credit in June. Should I try and get the backdating to help my AAOA or should I just let the old account fall from the reports?

Hey i am not knocking you, good you got back in with amex. BUT, are you saying that the government made amex give you another credit card after you let one go into default? Is what makes me a libertarian.

CFPB concluded AMEX engaged in deceptive and illegal practices against consumers; it wasn't because it believed AMEX should give cardholders a second chance.

Re: AMEX Optima and backdating

Creditcurious74 — Tue, 02 Apr 2013 12:36:22 GMT

Great news this morning....Just called Amex and I was able to change my backdating to 2006 and I'm getting new cards. I also asked about CLI and lady never mentioned about the 36 months lockdown restriction but I will wait for a month or two. She did offer to process the request but she couldn't confirm a soft pull.

Re: AMEX Optima and backdating

dodfire — Tue, 02 Apr 2013 12:41:02 GMT

Not to get too far off subject but.........

When you get an AMEX backdated, I understand that certainly helps your AAoA but my question is:

Does the CRA see this as a "new account" ? And lower your score?

Re: AMEX Optima and backdating

Creditcurious74 — Tue, 02 Apr 2013 12:47:12 GMT

I really don't know however I've done a application spreed in the past month with 4 new accounts including my auto refi with Navy fcu and have lost about 20 points from that so I'll see when I get a alert from equifax, time to hit the garden for a while. I'm curious to see if anyone with this credit card have apply for a CLI and whats the results.