topic Re: Amex Oasis - - Should I even bother? in General Credit Topics

Amex Oasis - - Should I even bother?

Anonymous — Mon, 03 Dec 2007 16:22:54 GMT

Message Edited by kpaul212 on 12-03-2007 08:22 AM

Re: Amex Oasis - - Should I even bother?

Anonymous — Thu, 15 Nov 2007 00:59:23 GMT

I would pay it. I think it would better for your report if you have an existing TL with a company you had an issue with. If your report was pulled by a creditor and brought up your debt with amex you could explain there was some extenuating circumstances and say, "look, I have an account with them" and make up an excuse for the error. It would be good to get back in their good graces, you can even spin it as a positive with future creditors.

Re: Amex Oasis - - Should I even bother?

Anonymous — Mon, 03 Dec 2007 16:23:04 GMT

Message Edited by kpaul212 on 12-03-2007 08:23 AM

Re: Amex Oasis - - Should I even bother?

Anonymous — Thu, 15 Nov 2007 01:17:29 GMT

For some reason it may be a reporting error...but the information has probably been refreshed. the reporting date seems to have been changed. You know what you should do...is pay the balance, get the oasis, then dispute the reporting date. Make sure you get the oasis card first though! It's a win-win. You're the honest person by paying the debt, you get a trade line out of it, and you get the thing off your cbr (plus the guaranteed amex)...which if you keep for a year, you can convert to a regular amex, automatic approval.

Re: Amex Oasis - - Should I even bother?

Anonymous — Thu, 15 Nov 2007 01:20:46 GMT

i've heard if you pay the oasis program you get a cl of half the amount, plus they but the account history back to good! there is no down side, imho.

Re: Amex Oasis - - Should I even bother?

Anonymous — Thu, 15 Nov 2007 01:25:35 GMT

dnm45227 wrote:
i've heard if you pay the oasis program you get a cl of half the amount, plus they but the account history back to good! there is no down side, imho.

For clarification...it depends on the account aging. If it's longer than 150 days past due...even ONE DAY. It is too late. Amex is required to report the past due amount. If it goes 120 days past due back to back, two months in a row (this is possible if you know about account aging), they also have to report it....getting back on track, if these happen on account, it has to be reported and the oasis would not erase it from your cbr report. But if it's 150 or less in aging, the report can be erased. So that's definitely a plus!

Re: Amex Oasis - - Should I even bother?

Anonymous — Tue, 13 Apr 2010 23:14:26 GMT

Can I do Amex Oasis prog if I had a card closed by them years ago?

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 14 Apr 2010 02:03:13 GMT

@Anonymous wrote:
Can I do Amex Oasis prog if I had a card closed by them years ago?

The Oasis program is by invitation only. That said, you can call AmEx and speak to the people collecting on your account and they will often send you an invitation.

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 14 Apr 2010 03:52:49 GMT

I called, but since I wasn't getting collected (I paid years ago) they said I wasn't in their system. Ironic, the people that dont pay are the ones that get the second chance

Ignore me, I'm just being bitter.

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 14 Apr 2010 05:40:54 GMT

@Anonymous wrote:
I called, but since I wasn't getting collected (I paid years ago) they said I wasn't in their system. Ironic, the people that dont pay are the ones that get the second chance

Ignore me, I'm just being bitter.

True. Those that already paid are left to the whims of the AmEx approval process.

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 14 Apr 2010 19:08:31 GMT

It is said to be by invitation only, but if you call 'em up and offer to PIF, they will extend Oasis to you.

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 14 Apr 2010 21:53:31 GMT

I had already PIF, so they said only recourse was re applying, which I did, twice, last year and was shot down. Oh well I just opened an AmEx saving account to quench the superficial need to get back with Amex.

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 28 Apr 2010 18:03:38 GMT

dont bother with Oasis wait a few months(I did spend the last few years rebuilding with other cards though) and app for the Zync. Worked for me, and Zync is much more flexible....not to mention I get more compliments on that card than any other one in my wallet....

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 28 Apr 2010 18:04:26 GMT

oh and I forgot to mention, my debt was 18 years old, I PIF, and my Zync card has a Member since 92 date....

Re: Amex Oasis - - Should I even bother?

Anonymous — Wed, 28 Apr 2010 23:36:58 GMT

@Anonymous wrote:
dont bother with Oasis wait a few months(I did spend the last few years rebuilding with other cards though) and app for the Zync. Worked for me, and Zync is much more flexible....not to mention I get more compliments on that card than any other one in my wallet....

Just to clarify, do you mean that you owed AmEx money, never paid them and still got approved for the Zync? Or that you paid AmEx, didn't go through Oasis and just later applied for Zync on your own?

Re: Amex Oasis - - Should I even bother?

Anonymous — Thu, 29 Apr 2010 01:37:56 GMT

The second one, I paid them, they offered me Oasis, I declined the offer, since my limit would only be $500, then later applied for a Zync (about 2 months later) and was approved. When I got the card, it said Member Since 92, the date I opened my original card....in my opinion AMEX is forgiving as long as you pay them back, no need to limit yourself with Oasis unless your score is really low and no way you could get approved for anything else. My score hovers between 690-700.

Re: Amex Oasis - - Should I even bother?

Anonymous — Thu, 29 Apr 2010 02:09:31 GMT

@Anonymous wrote:
The second one, I paid them, they offered me Oasis, I declined the offer, since my limit would only be $500, then later applied for a Zync (about 2 months later) and was approved. When I got the card, it said Member Since 92, the date I opened my original card....in my opinion AMEX is forgiving as long as you pay them back, no need to limit yourself with Oasis unless your score is really low and no way you could get approved for anything else. My score hovers between 690-700.

I see.

I think you handled it quite well.