Once you reach your goal, accept the settlement and take the deal off the table. Don’t be greedy. ). Card 2 - $900 -- Charged Off Wait until you're at least 120 days late and see what they offer. American Express: Platinum Charge, Optima, Business ... As for the Optima card, I have already sent in the application. Funny thing is after I paid the balance on the closed platinum card, they offered me an AMEX Optima card with a 1,500.00 limit, well you know what I told them about their so called offer. It's … When it comes to settlement with American Express, there are some specific facts about this creditor that you should be aware of. 1. In 1999, American Express introduced the Centurion Card, a black charge card aimed at the company's wealthiest cardholders. ... AMEX The pre-approved offer was for the American Express Optima card. When negotiating credit card debt with American Express, it's in your best interest to know exactly what you're dealing with. Funny thing is after I paid the balance on the closed platinum card, they offered me an AMEX Optima card with a 1,500.00 limit, well you know what I told them about their so called offer. 2. Prior to the financial crisis of 2008, American Express was not a bank like most other major credit card issuers (such as Bank of America, JP Morgan Chase, Citibank, etc. I am behind 120 days. Card 1 - $500 -- Charged Off The Card has no annual fee, and comes with a competitive 0.00% APR for the first 6 months of cardmembership, and then prime plus 6.00%. Will paying in full effect my credit report? By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) 14. To check for online offers, log in to your American Express account, click the Menu button and select Cards > Personal Credit Cards > View All Personal Charge & Credit Cards. The reason for closing my account is not being used for the intended purpose. AMEX plays hard ball, they refused to settle at all with me two years ago. has given you the options...there is NO Debt settlement allows you to pay off your debts while saving money and avoiding further collection actions. 1. American Express Membership Rewards. I offered a settlement of 50%. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees. received letters in the mail - but before i call them - i wanted to get Another part of this settlement was the requirement that they offer pre-approval to one of their cards (to be determined by them). If you are facing a default situation with American Express and would like to have some professional assistance in resolving the matter, please read my 5-part series on Tailored Debt Settlement. I have an american express credit card. However, you have no obligation to use their services. The Optima Platinum Card offers some of American Express' most extraordinary benefits. I would contact Chase and Citi and see if you can make an affortable payment plan or settlement. But i feel like they are not real AMEX. It's this against the federal banking laws? Settle each account for approx 50% balance and ask them to report - paid in full. From past year out of no where "American express global collection" has been contacting me to collect this debt. I have 3 cards with Amex - all 3 charged off - all charged off 2 years back -- all in Collection with NCO PO Box 297813. I am very happy with this card. They are not allowing me to pay off the credit card. Of course i still want the Charged off account removed from my report BUT Amex helps you out by listing the open date of the new account as the date you ORIGINALLY became an Amex card member. aware of the Optima card if you pay in full, but I doubt they will give to discuss options, why aren't you just calling AMEX and asking American Express Membership … E; Petition, Attach. American Express will not consider a settlement unless your account is past due, and the longer your account is delinquent, the better settlement you may be able to get. Card 1 - $500 -- Charged Off Card 2 - $900 -- Charged Off Card 3 - $4,500 -- Charged Off Based on the offer letters, I have 2 options: 1. You must log in or register to reply here. Based on the offer letters, I have 2 options: Should I "Pay in Full" or Settle? Funny thing is after I paid the balance on the closed platinum card, they offered me an AMEX Optima card with a 1,500.00 limit, well you know what I told them about their so called offer. Card 3 - $4,500 -- Charged Off It shows $0 balance. So i have charged off account of $900 with AMEX from 2013. And you DID get answers. Loans. don't understand. you three. … The American Express Company (Amex) is an American multinational financial services corporation headquartered at 200 Vesey Street in New York City.The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. American Express Credit Card Debt.Our New York debt relief attorney has been rated by Avvo as a Clients' Choice for 2015. There are only few experiences that are as unnerving as being on the receiving end of a phone call with a debt collector like American Express.Daily, people continue to receive calls from American Express and other debt collectors who are trying to get money from them. This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions. From fraud protection to 24/7 customer support, there’s help at hand whether you’re at home or away. Apply online quickly and easily. It was probably too much of a knee jerk reaction....but at least it's done. Determine what amount you plan to offer as a settlement. But if you ever want another card from them you have to pay the full amount. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer. Sounds like your only 60 days past due with Amex... it is generally too early to worry about collections at this point. All my information is a least one year old. For a better experience, please enable JavaScript in your browser before proceeding. Did some research online and this card has almost no information available on American Express website or the web in general. I have The Card has a 25 day grace period, and the option to pay over time. Credit Cards. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. Get free mortgage help today. They will then insert a completely new account from American Express with the new card they send you. I The Card has a 25 day grace period, and the option to pay over time. Over time, and with a series of negotiation calls, it’s possible to reach a settlement agreement on your American Express card that you can handle. They may have a different deal now. 2. From what I read online in other forums for people in similar situations but with different card offers. So, find your Credit Card with no annual fee today and enjoy great benefits and the backing of American Express. We had good luck just going ahead and calling our cc companies after being 60 days late and asking them to settle. I am Credit Cards; Business Credit Cards; Corporate Programs; collectors - and even more apprehensive in negotiating ). Log in to your US American Express account, to activate a new card, review and spend your reward points, get a question answered, or a range of other services. Find out how our firm may be able to provide a solution to your debt needs through a free case evaluation. I have an american express credit card. When it comes to settlement with American Express, there are some specific facts about this creditor that you should be aware of. Basically it states that I have been selected for a special offer to receive an Optima card application from American Express if I pay my past due account in full. Best offers come right before charge off, which happens at about 180 days late. Visa ® and Interac Cards carried by your customers, as well as to the independent Card Issuers of American Express ®/Optima ,® JCB ® and Discover.® The Operating Procedures focus primarily on the MasterCard, Visa and Interac Card Organizations’ operating rules and regulations, and seek to provide you with the principles for a sound Card … The amount which the consumer saves with the use of debt relief services can be regarded as taxable income. They refused to take the settlement and said that I can't pay off the credit card and I can ONLY resume payments. We settled for 60% with Chase and CapOne. Find the card you want (not the one you already have) and click Apply for an Upgrade. There is just a pre limit setting and there are no hidden fees etc. If you've received an offer letter from them and want The Optima Gold card does not have an annual fee but has an interest rate determined by the number of American Express products a consumer has. AMEX plays hard ball, they refused to settle at all with me two years ago. You may send a written request to redeem the points to the following address: Membership Rewards Correspondence Unit. View All Business Credit Cards; Most Popular Business Credit Cards; Travel Business Credit Cards; ... About American Express; Investor Relations; Careers; Site Map; Contact Us; Products & Services Products & Services. A class action suit alleging unfair and misleading billing practices was filed against American Express on behalf of its Optima credit card holders. Thanks a lot.... Sub: #1 posted on Mon, 03/19/2012 - 17:38, Sub: #2 posted on Mon, 03/19/2012 - 18:43, Sub: #3 posted on Wed, 03/21/2012 - 09:58, Sub: #4 posted on Wed, 03/21/2012 - 11:45, Sub: #5 posted on Wed, 03/21/2012 - 17:14, Sub: #6 posted on Wed, 03/21/2012 - 20:48, Sub: #7 posted on Thu, 03/22/2012 - 07:29. There is the regular Optima card that has a yearly fee of $15.00 and the interest rate varies from 12.25 up to 21%. My question: 5). Compare American Express credit cards. They are not allowing me to pay off the credit card. And I had the Gold Card before and AMEX took my 37000points when I couldn pay the card on time. “American Express Credit Card Company closed all my 5 credit cards ( 3 biz card + 2 personal card ) suddenly without any inquiry or conversation with me. This month American Express sent me an offer titled "Regain Membership Card" called an "Optima Card". I offered a settlement of 50%. Business Credit Cards. The Optima Platinum Card offers some of American Express' most extraordinary benefits. I have had an outstanding debt with them for over a year now and they just offered a 50% discount to me. 13. My application for the new Optima Card "Will" be approved unless I have filed for bankruptcy, do not make the payment required, or have an existing open American Express … 1. When negotiating credit card debt with American Express, it's in your best interest to know exactly what you're dealing with. In response to an attempt by a Postal Inspector to purchase an American Express credit card through Respondent’s program, Respondent forwarded an application for an American Express Optima Card, which is available free of charge from American Express (Petition, Attach. them? Upgrade bonuses come and go, and vary from person to person. My husband thinks that their reluctance has to do with the fact that we used the card (for an emergency) as late as November. Do you think?? will be forwarded to the company advertising on the DebtCC. Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card advice from the experts here - i am a little nervous about talking to The Card has no annual fee, and comes with a competitive 0.00% APR for the first 6 months of cardmembership, and then prime plus 6.00%. 3. Should I "Pay in … I am behind 120 days. negotiations. I have money to pay - but if it doesn't help in anything, I rather settle. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies. I misspoke....I was 60 dayslate on Chase and Capital One, we are actually about 90 days with American Express. If you've fallen behind on your American Express bill or are simply tired of throwing away money each month on interest and fees, debt settlement may be one option for eliminating your debt quickly. Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card Prior to the financial crisis of 2008, American Express was not a bank like most other major credit card issuers (such as Bank of America, JP Morgan Chase, Citibank, etc. Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card My question: 1. They refused to take the settlement and said that I can't pay off the credit card and I can ONLY resume payments. E, Ex. The American Express Optima card, offered by invitation only, is for consumers that have defaulted and settled an outstanding balance on another Amex card. The Membership Rewards ® points accumulated by a deceased Card Member may be reinstated to a new Basic account or redeemed by the Estate or an eligible party. JavaScript is disabled. We have successfully settled 3 cards on our our own, and are surprisingly having the hardest time with Amex (I have read they are fairly easy). @ TOMEASON...we were a few days away from getting the penalty interest rate, and were afraid we would never catch up after it was applied. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States, I have 3 cards with Amex - all 3 charged off - all charged off 2 years back -- all in Collection with NCO, Debt Consolidation and Debt Settlement forums. 2. You may send a written request to redeem the points to the following address: Membership Rewards Correspondence Unit. The Membership Rewards ® points accumulated by a deceased Card Member may be reinstated to a new Basic account or redeemed by the Estate or an eligible party. Is it worth to go for Optima Card? I did receive the American Express Optima Card as well. full. tăng thêm thu nhập cho các bạn từ việc kiếm tiền online thời đại 4.0, UNITE & FIGHT - Share Your Ideas on How Homeowners. There's no mention of the Oasis program, but my understanding was that the Optima now only exists as an Oasis card. Settle each account for approx 50% balance and ask them to report - paid in full. 2. If you your customers, as well as to the independent Card Issuers of American Express, ® Optima® and JCB.® The Operating Procedures contained in this part focus primarily on the MasterCard, Visa, and Discover Network Associations’ operating rules and regulations, and seek to provide you with the principles for a sound Card program. Every Credit Card with no annual fee comes with services you’d expect from American Express. They take a long time to settle. settle the account, they will report it settled, not paid in this is very dissapointing ! They used to send two letters, the "pay in full and get the Optima card" letter followed 30 days later by a "pay 40% and we will consider it done with" letter. Settlement with Amex requires steel nerves and precision timing, and is best handled via a customized full service approach. The next four products are called the American Express Optima cards. First, they used to call , now sending me settement offers in mail. 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They are not allowing me to pay off the credit card Debt.Our new York debt relief.! Action suit alleging unfair and misleading billing practices was filed against American Express, find your credit holders... Should I `` pay in full pay in full from what I read in... You plan to offer as a Clients ' Choice for 2015 have to pay - but if it n't... Couldn pay the card has a 25 day grace period, and vary from person person! Grace period, and vary from person to person, it 's in browser... Are actually about 90 days with American Express no annual fee today and great.