american express optima card settlement

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

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