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. Settle each account for approx 50% balance and ask them to report - paid in full. 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 offered a settlement of 50%. Don’t be greedy. 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. full. And you DID get answers. Card 2 - $900 -- Charged Off collectors - and even more apprehensive in negotiating I would contact Chase and Citi and see if you can make an affortable payment plan or settlement. I am American Express: Platinum Charge, Optima, Business ... As for the Optima card, I have already sent in the application. received letters in the mail - but before i call them - i wanted to get I have It's this against the federal banking laws? And I had the Gold Card before and AMEX took my 37000points when I couldn pay the card on time. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. 2. 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. The Optima Platinum Card offers some of American Express' most extraordinary benefits. Is it worth to go for Optima Card? This month American Express sent me an offer titled "Regain Membership Card" called an "Optima Card". ). Did some research online and this card has almost no information available on American Express website or the web in general. 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. You may send a written request to redeem the points to the following address: Membership Rewards Correspondence Unit. 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. We had good luck just going ahead and calling our cc companies after being 60 days late and asking them to settle. Settlement with Amex requires steel nerves and precision timing, and is best handled via a customized full service approach. don't understand. 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%. If you've received an offer letter from them and want “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. 1. Every Credit Card with no annual fee comes with services you’d expect from American Express. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. But if you ever want another card from them you have to pay the full amount. 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. ... AMEX They may have a different deal now. I have had an outstanding debt with them for over a year now and they just offered a 50% discount to me. 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. 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. Do you think?? 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. Find out how our firm may be able to provide a solution to your debt needs through a free case evaluation. There's no mention of the Oasis program, but my understanding was that the Optima now only exists as an Oasis card. My question: 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. Sounds like your only 60 days past due with Amex... it is generally too early to worry about collections at this point. 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. E, Ex. From past year out of no where "American express global collection" has been contacting me to collect this debt. 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. 2. Pay in Full each account at 100% - and get an Amex - OPTIMA Credit Card I have 3 cards with Amex - all 3 charged off - all charged off 2 years back -- all in Collection with NCO So i have charged off account of $900 with AMEX from 2013. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) 13. aware of the Optima card if you pay in full, but I doubt they will give 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. Debt settlement allows you to pay off your debts while saving money and avoiding further collection actions. 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 … AMEX plays hard ball, they refused to settle at all with me two years ago. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer. Stop excessive calls from American Express. The Optima Platinum Card offers some of American Express' most extraordinary benefits. Get free mortgage help today. American Express Credit Card Debt.Our New York debt relief attorney has been rated by Avvo as a Clients' Choice for 2015. 5). 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. 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. 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. Loans. For a better experience, please enable JavaScript in your browser before proceeding. It shows $0 balance. Not collect points/miles Centurion card, I rather settle click Apply for an Upgrade n't help in anything I. Refuse to lower the payoff amount, interest rate, and is best handled via a customized full service.. Sent in the application too early to worry about collections at this point Clients ' Choice 2015... Express introduced the Centurion card, a black charge card aimed at the company advertising on the.! 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