I had charge offs with citibank and amex that have been off my reports for a couple years. Now that my reports are cleaned up, I'd like to look into getting a prime card at a better rate + limit compared to my cap 1. citbank + amex send me good offers all the time, but I worry about awakening the charge off beast. Am I better off going with someone else? Any recommendations?
I would NOT apply with them if you owe them already. You might escalate things. I recall a poster on here saying this happened to them with Discover. they tried to apply and was denied. They called to ask why and the agent told them "maybe after you pay us the $6,000 you already owe us then you can apply later". Not good. Go with another bank. Also some bank keep blacklist. Once you go bad you never get let back in.
There was quite a debate about Amex on Creditnet a couple of years ago. Some said they never grant you credit until you pay them off; others said they won't even allow you to pay them off. As I recall, no one ever said that they simply forget about an old chargeoff and grant you new credit.
