unfortunately i did, i just paid it off recently so it was about 6 months. sorry had failed to mention that in previous post. dont know if it matters or not but i was able to pay via the amex website and didnt have to go thru a CA.
Starting Score: TU 557 EQ 537
Well; the main problem you have now is that your consumer file is now labeled as "bad" with them. Especially since they charged off the account. Try calling customer service and/or send letters asking them to change the status to paid or paid as agreed instead of charged off.
The prognosis is not good. At least you paid though.
The prognosis is not good. At least you paid though.
FICO 8: 
Goal: Gardening!
Goal: Gardening!
update: well I got this letter a few days after I paid my balance. I think they had already sent me the letter before i paid up. I am just waiting on my optima app and see how it goes. sorry it sideways!!
@rpss4844 wrote:update: well I got this letter a few days after I paid my balance. I think they had already sent me the letter before i paid up. I am just waiting on my optima app and see how it goes. sorry it sideways!!
The good news is that the Optima will help you rebuild your relationship with Amex 
Nice job!
FICO 8:
Goal: Gardening!
Goal: Gardening!
latest update: filled out the optima app with name and such and returned it. It said "pending " for a few days and then approved with $500 limit. just waiting on the card to get here now.
What is the final word on applying for a different amex product while having the optima acct? I have seen a lot of post where people were auto declined and several post where people were approved while still having the optima? I know i will need to give it at least 6mos -1yr or before applying for a new card. Also, is it possible for CLI while having an optima, or is what you start with what you get? i have seen different people with different limits and some of them seem to be pretty high. Lastly, what would be the best strategy on using the card? should i spend high and run a lot of money thru to show im responsible enough to keep it paid down amd on time, or should i just use it in small amounts and pay in full every month? i know keeping utilization low is a plus for my score, i just want to balance out keeping my score in check and make amex happy at the same time.