Any success w/ Ames Oasis Program?

Discussion in 'Credit Talk' started by Lovely, Aug 14, 2004.

  1. Lovely

    Lovely Member

    Hello to all,

    Has anyone had any success with Amex using this program. Do they do payments or one lump sum or any type of settlement terms?

    Thanks!
     
  2. Mongrol

    Mongrol Well-Known Member

    works great.... You pay it off in a lump sum and your credit is 1/2 of what you owed. No credit limit increase for 1 year, but who cares? Its an Amex Optima...! It took about 5 months after I had paid off my account to recieve my card... hopefully you don't have to wait like I did...
     
  3. credit6949

    credit6949 Well-Known Member

    Why did they make you wait 5 months after paying off the old account to receive your Optima?
     
  4. Mongrol

    Mongrol Well-Known Member

    they were redoing the agreement that I had to sign... should be faster for people now...
     
  5. credit6949

    credit6949 Well-Known Member

    Congratulations. How long have you had the Optima card?
     
  6. Mongrol

    Mongrol Well-Known Member

    about a month now... paid it off at the end of feb. (the collection that is)
     
  7. credit6949

    credit6949 Well-Known Member

    OK, so that means 11 more months before you switch to the unsecured. Do you think they will give unsecured after 6 months or so with timely payments?

    Do you know if they will switch you to Optima unsecured or a green card?
     
  8. Mongrol

    Mongrol Well-Known Member

    it is unsecured... I was just paying old debt that I owed... it is a 600 limit (unsecured)
     
  9. credit6949

    credit6949 Well-Known Member

    Thanks for the answers. It's good to see that AMEX has a second chance program. Good luck.
     

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