AMEX wants to give me card membership back!?

[Anonymous]

Hi all I got an email from AMEX saying if I can my debt with them they’ll give me membership back regardless of credit ... have you have that happen ? Don’t know how to post a picture I could post a print screen of the offer , it is from AMEX I’m not questioning that but rather if the offer is true.

[OmarGB9]

Well to clarify, if I'm not mistaken, Amex is saying they'll give you a second chance with a new card (the Optima/Oasis card) and see how you do with it, then you can probably apply for a regular card after a year of having that one. They're not saying they'd reopen an old closed account.

[Anonymous]

Yes something like that , I copied the text and will post bellow :

“ Your application will be approved unless you have an active bankruptcy at the time of your application, you have accepted another offer for an Optima Card account from us or a collection agency, you have an active American Express account and/or we determine that you do not have the financial capacity to make the minimum payment on this new Optima Card account”

[Red1Blue]

That is Amex offering you their Optima Oasis card. It is a genuine offer from Amex. If you pay the entire balance you owe them ( Not settlement less than full amount ) they will give you Optima card. Normally CL on your new Optima care will be about 1/2 or 1/4 of the amount you pay them back for your old account. If you are serious about getting back into Amex this is the best offer. I would take it. 

[Anonymous]

But do I need to pay it all back then get the card? They offered 3 plans to pay the whole amount back in interest is 3 payments , will they give me the card after I make the payment or when I accept the offer and make the first ?

[OmarGB9]

After you pay them back IN FULL. Then they mail you the Optima card application.

[Anonymous]

Ok, and does it really not matter your credit score I’m are 540 now but will pay all my debt in 2020 I owe around $20k throughout cards all charged off and **bleep** .
Basically I’m trying to save money by NOT paying them in full and settle for less and use the money to settle for less with other cards too, but if this is like a “ guaranteed” deal I would love to pay off in full and have an Amex card again but is it’s a trap I’m not trying to fall for it, like I pay it in full and they deny my application , got it ?

[AllZero]

Congratulations on your offer! Good advise from above. Not much I can add.

[Red1Blue]

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@Anonymous wrote:
Ok, and does it really not matter your credit score I’m are 540 now but will pay all my debt in 2020 I owe around $20k throughout cards all charged off and **bleep** .
Basically I’m trying to save money by NOT paying them in full and settle for less and use the money to settle for less with other cards too, but if this is like a “ guaranteed” deal I would love to pay off in full and have an Amex card again but is it’s a trap I’m not trying to fall for it, like I pay it in full and they deny my application , got it ?

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I can not vouch for Amex. I am telling you from my personal experience, I know Amex Optima is a way back into Amex family. You have to pay the full balance you defaulted ( Settelement does not qualify for the Optima ). You don't have to take their offer for 3 installments. You can ask and take as much as 12/24/36 months to pay off the balance. They will setup installment plan for you to suit your budget. There is no interest or additonal fees. Once the entire amount is paid off they will send you an application for Optima. It is almost guaranteed approval as they mention in the email and you do not need to satisfy Amex Credit requirements. Once you keep the Optima in good status for 12 months you'll be eligible to apply for other Amex Cards.  You need to make your own decision. If you are serious about getting back into Amex family this is a genuine offer. Feel free to PM me if you have any questions.

[Jnbmom]

How much do you owe AMEX?

I am all for paying what you owe of course, but if it’s a huge amount that will put your other current debts on the back burner, just to get back with them.

Amex isn’t the only bank out there .