American Express sent a offer saying I qualify for a optima card and good standing with them if I pay the balance in full. I also have 3 other cards with them that are C/O all in the 1k to 1.5k range that they've sent offers for a settlement. Would those need to be paid in full as well, or could I take the settlement offers for them, pay the optima offer in full and be in good standing?
in the same boat as you. i am $168 from getting back in with the optima on a 3400 debt i owed for the plum card. this is how i do it. I only pay in full or don't pay at all. never settle for less. just my take don't have to agree.
@Cskinner, if it helps at all, I just recently enrolled in their program to repay a similar balance and their conformation notice mentions the following:
"Please note, any other American Express Cards you have that are not in good standing may impact your ability to use your Optima Credit Card."
I'll try to attach a screenshot of the enrollment confirmation, so you can see the verbiage in its entirety.
@Rs26 wrote:@Cskinner, if it helps at all, I just recently enrolled in their program to repay a similar balance and their conformation notice mentions the following:
"Please note, any other American Express Cards you have that are not in good standing may impact your ability to use your Optima Credit Card."
I'll try to attach a screenshot of the enrollment confirmation, so you can see the verbiage in its entirety.
Okay, thanks. I noticed that too on my email. I wasn't sure what it means by open account though, because all my accounts with them are closed 🤔 I'm thinking about just calling them Monday and asking them directly. Maybe I can get a lump settlement offer for everything.
So is the optima card worth even having and given decent limits? I do love American Express cards, but at this point, I don't even care about having all the prestigious cards anymore 😂 I just want a small handful of decent ones to cycle my monthly bills through and be able to get decent rates on auto loans and a land loan eventually 🤔
i am pretty sure if u get the opitma you get 1/3 your limit back. i don't know about the multiple cards but definitely get back in either way. i am one of the rare guys on here with a 560 personal credit score and getting back in because of the agreement. ill say this JITIN the head guy doesn't play. in the beginning you can lower your amounts alittle bit if you think you can't make the payments but once you reach the later stages, they want the higher amounts. i was forced to stay at 200 towards the later payments when i wanted to stretch the last two months. I wanted stretch the second to the last to 100 and then pay the last at 268. they said no u pay 200 and then 168 for the last which kinda let me down.
some guys dont even go for optima and pass on the application and get in directly with the application for the good cards. i won't risk it because of my score ha. ill get in with the worse card and gradually get back to plum.
sorry brother, i meant take the one where u settle to pay for the full amount but do a monthly plan. its worth it. i am doing one card at a time with amex being the first to be paid off. barclays will be the last because they sued me in court.
yea just pick your battles and only do what you can manage. i only do one card at a time but i have about 8k in cc debt from the year 2015. the main debt being barclays, discover, and wells fargo. i am on the blacker than black list with WF and barclays at the moment. earlier this year, i managed to get my 12k repo taken off my credit report when lawyers said i couldn't. i have the 3 letters to show from the bureaus. haven't seen it ever since. anything is possible my friend just dont lose hope.