AMEX Optima Oasis

[whocares]

Once you paid AMEX Global Collections, did it show up as a paid collection on your credit report?

[Anonymous]

Yes, it did show as paid.  It took a few weeks, but it did say "Paid" and showed a $0 balance.

[2IMPROVE]

I just received the same offer!  Was told part of the criteria is to not have an open Amex card.  I have a Amex Corporate card through my job that is not on my credit report.  Do you the corporate card will count as an open card and hurt my chances?

[Anonymous]

I feel like this question has come up before and *IF* I remember correctly, a corporate AMEX card that is not on your personal credit history/ credit report has no bearing on your eligibility for the Optima card.  So, you should be good to go with applying for and getting your Optima card!

[2IMPROVE1]

Correct!

[Anonymous]

hmmmm can people who never had amex apply for this?

[Anonymous]

Unfortunately, no.  This is an invitation only offer from American Express which is designed to entice previous card members to pay their debt and regain membership with American Express.

[Anonymous]

What does your new tradeline look like? Is it backdated, or does it show up as a new account (opened 2018)? I’m midway through this program - old card shows paid, but new card hasn’t been delivered yet.

My credit score tanked 55 points when they updated the old trade line to “paid charge off”. (710 - 655) 😬. So, I’m really hoping that the new tradeline will give me a 10 year account history to make up for this. Otherwise, paying them off has done more damage than good.

[Anonymous]

For me they did not backdate.  Other people did have their accounts/ tradelines backdated.  I believe American Express's policy changed at some point and they stopped backdating.

[FinStar]

Correct. AMEX stopped backdating on CRs as of March 21, 2015.