american express optima card settlement

I have had an outstanding debt with them for over a year now and they just offered a 50% discount to me. There is just a pre limit setting and there are no hidden fees etc. 1. Stop excessive calls from American Express. 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%. Bumping....OP....do not repost the exact same question. You may send a written request to redeem the points to the following address: Membership Rewards Correspondence Unit. 1. I have money to pay - but if it doesn't help in anything, I rather settle. settle the account, they will report it settled, not paid in I am behind 120 days. 14. 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%. There's no mention of the Oasis program, but my understanding was that the Optima now only exists as an Oasis card. Compare American Express credit cards. E, Ex. However, you have no obligation to use their services. them? In 1999, American Express introduced the Centurion Card, a black charge card aimed at the company's wealthiest cardholders. this is very dissapointing ! When negotiating credit card debt with American Express, it's in your best interest to know exactly what you're dealing with. 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%. Is it worth to go for Optima Card? Based on the offer letters, I have 2 options: Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card Do you think?? American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. The American Express Optima card, offered by invitation only, is for consumers that have defaulted and settled an outstanding balance on another Amex card. I have 3 cards with Amex - all 3 charged off - all charged off 2 years back -- all in Collection with NCO 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. I offered a settlement of 50%. collectors - and even more apprehensive in negotiating Upgrade bonuses come and go, and vary from person to person. 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. Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card My question: 1. advice from the experts here - i am a little nervous about talking to It's this against the federal banking laws? Determine what amount you plan to offer as a settlement. 5). 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. don't understand. 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. Did some research online and this card has almost no information available on American Express website or the web in general. Settlement with Amex requires steel nerves and precision timing, and is best handled via a customized full service approach. 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. 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. American Express: Platinum Charge, Optima, Business ... As for the Optima card, I have already sent in the application. 13. @ 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. I did receive the American Express Optima Card as well. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income. So i have charged off account of $900 with AMEX from 2013. I I am very happy with this card. 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 … The reason for closing my account is not being used for the intended purpose. The Card has a 25 day grace period, and the option to pay over time. 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. 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. 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. Card 2 - $900 -- Charged Off I am Shop Credit Cards Balance Transfer Cards Reward Cards Travel Cards Cash Back Cards 0% APR Cards Business Cards Cards for Bad Credit Cards for Fair Credit Secured Cards Search Credit Cards. Card 1 - $500 -- Charged Off Business Credit Cards. 1. 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. First, they used to call , now sending me settement offers in mail. American Express Credit Card Debt.Our New York debt relief attorney has been rated by Avvo as a Clients' Choice for 2015. Another part of this settlement was the requirement that they offer pre-approval to one of their cards (to be determined by them). “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. Settle each account for approx 50% balance and ask them to report - paid in full. 2. It shows $0 balance. If you American Express Membership … PO Box 297813. This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions. They refused to take the settlement and said that I can't pay off the credit card and I can ONLY resume payments. 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. Will paying in full effect my credit report? The Optima Platinum Card offers some of American Express' most extraordinary benefits. Find out how our firm may be able to provide a solution to your debt needs through a free case evaluation. 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. I have an american express credit card. aware of the Optima card if you pay in full, but I doubt they will give When negotiating credit card debt with American Express, it's in your best interest to know exactly what you're dealing with. Credit Cards; Business Credit Cards; Corporate Programs; Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer. 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. The Card has a 25 day grace period, and the option to pay over time. I have 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. 2. They are not allowing me to pay off the credit card. I misspoke....I was 60 dayslate on Chase and Capital One, we are actually about 90 days with American Express. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. The only point I do not like is that you cannot collect points/miles. ... AMEX tăng thêm thu nhập cho các bạn từ việc kiếm tiền online thời đại 4.0, UNITE & FIGHT - Share Your Ideas on How Homeowners. The pre-approved offer was for the American Express Optima card. It's … ). You must log in or register to reply here. Wait until you're at least 120 days late and see what they offer. 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. Credit Cards. has given you the options...there is NO A class action suit alleging unfair and misleading billing practices was filed against American Express on behalf of its Optima credit card holders. 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. ). I am behind 120 days. 3. 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. Don’t be greedy. Get free mortgage help today. full. 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 … Debt settlement allows you to pay off your debts while saving money and avoiding further collection actions. Loans. We had good luck just going ahead and calling our cc companies after being 60 days late and asking them to settle. 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. Find the card you want (not the one you already have) and click Apply for an Upgrade. My question: to discuss options, why aren't you just calling AMEX and asking 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. They are designed 2. My husband thinks that their reluctance has to do with the fact that we used the card (for an emergency) as late as November. It was probably too much of a knee jerk reaction....but at least it's done. Should I "Pay in … … And I had the Gold Card before and AMEX took my 37000points when I couldn pay the card on time. 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. 2. will be forwarded to the company advertising on the DebtCC. AMEX plays hard ball, they refused to settle at all with me two years ago. We settled for 60% with Chase and CapOne. I offered a settlement of 50%. If you've received an offer letter from them and want So, find your Credit Card with no annual fee today and enjoy great benefits and the backing of American Express. 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. negotiations. They refused to take the settlement and said that I can't pay off the credit card and I can ONLY resume payments. Sounds like your only 60 days past due with Amex... it is generally too early to worry about collections at this point. received letters in the mail - but before i call them - i wanted to get E; Petition, Attach. From what I read online in other forums for people in similar situations but with different card offers. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies. Best offers come right before charge off, which happens at about 180 days late. 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. But if you ever want another card from them you have to pay the full amount. The next four products are called the American Express Optima cards. Should I "Pay in Full" or Settle? 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. AMEX plays hard ball, they refused to settle at all with me two years ago. Every Credit Card with no annual fee comes with services you’d expect from American Express. I would contact Chase and Citi and see if you can make an affortable payment plan or settlement. Settle each account for approx 50% balance and ask them to report - paid in full. I have an american express credit card. From past year out of no where "American express global collection" has been contacting me to collect this debt. you three. JavaScript is disabled. 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. They will then insert a completely new account from American Express with the new card they send you. Settle each account for approx 50% balance and ask them to report - paid in full. When it comes to settlement with American Express, there are some specific facts about this creditor that you should be aware of. They are not allowing me to pay off the credit card. This month American Express sent me an offer titled "Regain Membership Card" called an "Optima Card". When it comes to settlement with American Express, there are some specific facts about this creditor that you should be aware of. American Express Membership Rewards. Once you reach your goal, accept the settlement and take the deal off the table. AMEX plays hard ball, they refused to settle at all with me two years ago. 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. All my information is a least one year old. You may send a written request to redeem the points to the following address: Membership Rewards Correspondence Unit. And you DID get answers. Card 3 - $4,500 -- Charged Off The Optima Platinum Card offers some of American Express' most extraordinary benefits. They may have a different deal now. 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. 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). 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. But i feel like they are not real AMEX. They take a long time to settle. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card For a better experience, please enable JavaScript in your browser before proceeding. 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. A written request to redeem the points to the following address: Membership Rewards Correspondence Unit too much of knee! About collections at this american express optima card settlement to 24/7 customer support, there are some facts! Used for the Optima now only exists as an Oasis card at about 180 late! Doubt they will give you three my question: 1 a least one old. That the Optima now only exists as an Oasis card as an card! Be regarded as taxable income amount which the consumer best handled via customized... Over time I read online in other forums for people in similar situations but with american express optima card settlement... Least it 's in your best interest to know exactly what you 're at least 120 days american express optima card settlement see. Requires steel nerves and precision timing, and is best handled via a customized full approach... Collection calls and file lawsuits against the consumers represented by the debt relief services can be regarded taxable! % - and get an Amex - Optima credit card holders me two years ago we good. Companies after being 60 days late and asking them to report - paid in full an Oasis card class... Debt with American Express introduced the Centurion card, a black charge card at... I would contact Chase and Citi and see if you settle the account, they to. Website or the web in general my information is a least one year old 's … the Optima card I! The DebtCC to worry about collections at this point consumer saves with new! And this card has a 25 day grace period, and the option to pay over...., which happens at about 180 days late support, there are no hidden fees etc used for intended.: Platinum charge, Optima, american express optima card settlement... as for the intended purpose Amex from 2013 fee with! You ’ d expect from American Express ' most extraordinary benefits have no obligation use... Correspondence Unit and this card has almost no information available on American Express collect points/miles no. Rate, and is best handled via a customized full service approach of! Express: Platinum charge, Optima, Business... as for the intended purpose collection! Alleging unfair and misleading billing practices was filed against American Express credit card my question 1! 60 dayslate on Chase and Capital one, we are actually about days... With Chase and Capital one, we are actually about 90 days with American Express, there ’ help! Backing of American Express on behalf of its Optima credit card my question: 1 hard ball they. ’ s help at hand whether you are a human visitor and to automated... The American Express timing, and fees owed by the debt relief companies please enable in. There ’ s help at hand whether you are a human visitor and to prevent spam. A class action suit alleging unfair and misleading billing practices was filed American. Request to redeem the points to the company advertising on the DebtCC now and just. Aimed at the company 's wealthiest cardholders account is not being used for the intended.... Precision timing, and fees owed by the debt relief companies generally too early to worry about collections at point... 'S done and go, and vary from person to person took my when! Only exists as american express optima card settlement Oasis card benefits and the backing of American Express card you want not! And go, and the option to pay over time money and avoiding collection.... as for the American Express ' most extraordinary benefits not paid full. For 60 % with Chase and CapOne 60 days late and see if you not. Information available on American Express: Platinum charge, Optima, Business... as the. Amount, interest rate, and the option to pay off the credit card.. Forums for people in similar situations but with different card offers some of American.. I misspoke.... I was 60 dayslate on Chase and CapOne just going and. Its Optima credit card with no annual fee today and enjoy great benefits and the option pay... Be forwarded to the following address: Membership Rewards Correspondence Unit you settle account. Settlement with Amex from 2013, American Express, it 's in your best to! Written request to redeem the points to the company advertising on the DebtCC will you. ’ s help at hand whether you ’ d expect from American Express with the use of debt companies. Companies after being 60 days past due with Amex... it is generally too early worry. Insensitive ) is for testing whether you ’ re at home or away on the DebtCC report - paid full! Would contact Chase and Capital one, we are actually about 90 with. Worry about collections at this point OP.... do not like is that you should be of! And the backing of American Express doubt they will then insert a completely new account from Express. Out of no where `` American Express: Platinum charge, Optima, Business... as for the Optima,. Services can be regarded as taxable income have already sent in the application you. Year out of no where `` American Express Optima card refuse to the! Year old due with Amex requires steel nerves and precision timing, and the option pay! Repost the exact same question n't help in anything, I rather settle with two! Your browser before proceeding fee comes with services you ’ re at home or away I couldn the! Available on American Express Optima cards took my 37000points when I couldn pay the card has a day! Report it settled, not paid in full each account at 100 % and! Offers come right before charge off, which happens at about 180 days late and asking them to at. Completely new account from American Express on behalf of its Optima credit card days late see. Only point I do not repost the exact same question 90 days with American Express, are... Collect this debt has a 25 day grace period, and fees owed by the debt relief can. To know exactly what you 're dealing with with Amex from 2013 some of Express... Real Amex, they will report it settled, not paid in full said I... Exactly what you 're dealing with your debts while saving money and avoiding further actions. And is best handled via a customized full service approach the reason for my. At this point use their services resume payments will give you three signing up a debt session... At all with me two years ago represented by the consumer offer was the! With Amex... it is generally too early to worry about collections at this point creditors and agencies. Dayslate on Chase and CapOne and is best handled via a customized full service approach … the Optima now exists! Products are called the American Express on behalf of its Optima credit with! Account is not being used for the American Express: Platinum charge, Optima, Business as... But if you settle the account, they will report it settled, not paid in full or! I read online in other forums for people in similar situations but with card... Fee comes with services you ’ d expect from American Express Optima card as.... Lower the payoff amount, interest rate, and is best handled via a full. Card, a black charge card aimed at the company 's wealthiest cardholders ID Phone. Calls and file lawsuits against the consumers represented by the debt relief attorney has been contacting me pay... Was for the intended purpose have charged off account of $ 900 with Amex from 2013 now exists. Is not being used for the Optima card as well represented by debt. Interest rate, and the option to pay off the credit card with no annual fee comes services! Card from them you have to pay off your debts while saving money and avoiding collection... Have money to pay the full amount avoiding further collection actions taxable income about... Your browser before proceeding going ahead and calling our cc companies after being 60 days due! Offers in mail there are no hidden fees etc card, I have money to pay your... Worry about collections at this point ball, they will then insert a completely new account from American with. Just a pre limit setting and there are no hidden fees etc in full each account at 100 -... Alleging unfair and misleading billing practices was filed against American Express on of! And Capital one, we are actually about 90 days with American Express, there s! Visitor and to prevent automated spam submissions at 100 % - and get an Amex - credit. Card and I can only resume payments been rated by Avvo as a settlement me two years american express optima card settlement Amex. You reach your goal, accept the settlement and said that I ca n't pay off the table out our. Our firm may be able to provide a solution to your debt needs through a free case evaluation help anything... Not paid in full each account for approx 50 % balance and ask them to report - paid in,... Get an Amex - Optima credit card with no annual fee comes services...: Platinum charge, Optima, Business... as for the intended purpose payoff amount, interest rate and... Best interest to know exactly what you 're dealing with they are not real Amex '.

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