I'm interested in applying for an AMEX OPTIMA Secured Card. There is no application fee and the anual fee is next to nothing ($35). Any cardholders care to share their expierences with AMEX?
RE: SECURED AMEX OPTIMA CARD? I know when I applied, I was declined because of a Chapter 7 bankruptcy I had 5 years ago. Amex was not one of the creditors and I have never had one of their cards. But I called and they told me if you have a bankruptcy on your report, it is automatically denied.
Do any other creditors deny Se That seems strange especially since the card is touted as a way to reestablish credit. (Boy, talk about making a HUGE mistake, my BK7 was in 1993.) Are there other secured card issuers that have similiar exclusions?
I have this secured Optima Card and have had No trouble with them, they actually have been very good. However, I heard that they do not report to credit bureaus until the card becomes unsecured, which varies, but I like the AMEX name.
i also have an optima card and they seem pretty good. But, I did call one day and asked if they ever offer increases for good payment history and they said NO!!!.. so I am still holding onto the card because they are a reputabe company. They do however send me alot of junk mail regarding investing money.. have a nice day.. Mike
