Okay, after calling them and hearing the terms I have the details for anyone else interested-
- You are accepted for the Optima card through AMEX only. If you have an offer from collections, it is not genuine as AMEX selects them directly through their system.
- You do need to pay in full in order to be given the card. They can either take one payment ( which is what I did) or set up a plan.
- Once balance is paid they send you paper application and credit limit with 1/3 of what you paid in full roughly. ( My limit will be 2k)
- The AF is 49 dollars, and there are no points/ rewards, and its a variable APR. Once you PIF they update beaureus
This is by invitation only, sorry to stress this but I have been reading about customers calling to try and get it.
Do it! That is your ticket back in!
Optima is an easy YES just DO IT....
As to locking you out.... You need to have the card for at least a year from what I recall to be considered for a second product... You *used* to have to close the optima and open another product... Since that time.. a few people have gotten an additional product through amex while still holding the Optima....
Optima is one of the easier ways back in with Amex...
-J
Thank for evryones feedback. I just got an email that my Optima application has been mailed. Once it gets in I will post a picture of it blank, as well as the card when it arrives. I will try and update on my experience if anyone thinks that will be helpful.
