Almost forgot to post this bit of info for those interested in Amex's Oasis program..
The day that my 6th month statement cut, Amex gave me an automatic 17% CLI on my Optima card. Not huge, but 6 months prior to that I was on their greylist, so I'm grateful for anything they give.
Since the "rules" for the Oasis Optima program have never been made completely clear, I called Amex and asked about the increase. They confirmed that Oasis accounts are reviewed every 6 months for CLIs. No customer initiated CLIs are given.
While it was a nice surprise, I'm well aware of how moody Amex is lately. So it would be less surprising to me if I were to log into my account and find that the Oasis Optima had been suddenly discontinued.
I'll report back at the card's one year anniversary.
The day that my 6th month statement cut, Amex gave me an automatic 17% CLI on my Optima card. Not huge, but 6 months prior to that I was on their greylist, so I'm grateful for anything they give.
Since the "rules" for the Oasis Optima program have never been made completely clear, I called Amex and asked about the increase. They confirmed that Oasis accounts are reviewed every 6 months for CLIs. No customer initiated CLIs are given.
While it was a nice surprise, I'm well aware of how moody Amex is lately. So it would be less surprising to me if I were to log into my account and find that the Oasis Optima had been suddenly discontinued.
I'll report back at the card's one year anniversary.
My old account is still reporting as a Paid Charge-off.
When I first received the Optima, I asked if they would remove the old account. The rep I spoke to said that she did not believe it could be removed, but wasn't 100% sure. I've been meaning to write a GW letter, but haven't yet. I'll let you know if it works when I do.
I did notice that after receiving the Optima, the drop-off date for the old account was shortened by 6 months. Thought that was odd, but I'm not complaining.
I'm pretty happy that I took advantage of the whole deal. Positive tradeline, positive back-dated history, and now a CLI. Amex definitely makes me nervous with all their recent AA, but perhaps I can stay under their radar.
Good luck with your card!
When I first received the Optima, I asked if they would remove the old account. The rep I spoke to said that she did not believe it could be removed, but wasn't 100% sure. I've been meaning to write a GW letter, but haven't yet. I'll let you know if it works when I do.
I did notice that after receiving the Optima, the drop-off date for the old account was shortened by 6 months. Thought that was odd, but I'm not complaining.
I'm pretty happy that I took advantage of the whole deal. Positive tradeline, positive back-dated history, and now a CLI. Amex definitely makes me nervous with all their recent AA, but perhaps I can stay under their radar.
Good luck with your card!
I think I'm going to wait until I have 6 months of payments on the acct and then give them a call. If that doesn't work I'm going to try the GW route as well. I'll also post if I get any results.
I agree that overall it's a great program. They make me nervous too, but having the acct back with the original open date and reporting as a positive TL was such a great opportunity. I wish more companies would consider similar programs. I imagine there are a ton of people out there who would jump at the opportunity!
Now I need to go and compare my old & new reports to see if I also received the 6 month "gift"!
I agree that overall it's a great program. They make me nervous too, but having the acct back with the original open date and reporting as a positive TL was such a great opportunity. I wish more companies would consider similar programs. I imagine there are a ton of people out there who would jump at the opportunity!
Now I need to go and compare my old & new reports to see if I also received the 6 month "gift"!