Okay I have been reading post about the new secured card from AMEX and this is what I got today.... I called one number and asked the guy if they had a secured card...he said they had one but wasn't sure if the program was still around but he would check. After a few seconds he found some information about a new secured card, but said that he would have to transfer me to the department where they take applications. I said okay he transferred me some lady picked up and asked what she could do for me I told her that I was looking for a SECURED AMEX. To my surprise she said that they had one. They proceeded to take my application over the phone. She said that they would be able to give me an answer before I hung up but there was something wrong with the system because I didn’t get an answer (I did call back later to verify and the computer said that they received my application and it is being processed). Anyway IF approved they send you your card and checks and information on how to fund your card. Oh yea by the way it is a Secured AMEX Blue card, and you set the limit I think she said the min was $200.00 As far as benefits on the card...From what she was telling me the only difference is the fact that this card is secured and the other one isn’t. I didn’t ask them how they reported this card to the CRA's but I would imagine that it would be like the secured optima (which is still being offered, as long as you have an application) after a year or so they will start reporting it. Well I think that’s it and below is the phone number to the AMEX
And make sure you select the option for CURRENT card members (I think it is 3) trust me you wont wait as long (a little something I noticed). From there ask the guy and then they will tell you and they transfer you.
Administration Update: American Express does not offer a secured credit card. Here's a list of Creditnet's recommended credit cards for consumers in the market: http://www.creditnet.com/credit-card...d-credit-cards ...
And for forum members w/ poor credit most interested in carrying an AmEx, they do offer our favorite prepaid card - American Express Serve - which you can find out more about in our full review here: http://www.creditnet.com/credit-cards/Prepaid_Debit