What happened to the American Express Optima card?
Although the Optima Platinum card has officially been discontinued for years now, it’s rumored that Amex will still invite people to apply for the card if another of their Amex credit accounts has been charged off. Nevertheless, American Express Optima Platinum is not available to the general public.
Does American Express have an Optima card?
The Amex Optima* is American Express’ exclusive card for those with bad credit. Available by invitation only to Amex Members who’ve settled debts with Amex in the past and who need help rebuilding credit, the card offers no rewards, no perks and charges an annual fee.
What is the credit limit on the American Express Optima card?
Amex Optima Card Application (UPDATE: APPROVED)
| Credit Limit | $300 | $1250 |
| Age | 4y 4mo | N/A |
| Utilization | 0% | N/A |
Will American Express ever give me a second chance?
Generally American Express offers this to cardholders who had a relationship with American Express and then defaulted/became delinquent on payments. American Express then offers this card as an option once these balances have been settled. Sometimes these are referred to as second chance credit cards.
Can I get an American Express card with bad credit?
No, there are no American Express cards for bad credit at the moment. Applicants need at least good credit to have decent odds of approval for most American Express credit cards.
Has anyone settled with American Express?
If your Amex debt has been farmed out to a debt collector, you can no longer pursue the financial hardship program and will need to settle with the collection agency….What percentage of a debt is typically accepted in a settlement?
| Company | Average Settlement Amount |
|---|---|
| Debt Relief Á la carte | 43% |
| Accredited Debt Relief | 50% |
Does American Express forgive debt?
American Express rarely negotiates debt settlements directly. Unlike other large banks, American Express does not have an internal debt settlement division….What percentage of a debt is typically accepted in a settlement?
| Company | Average Settlement Amount |
|---|---|
| Accredited Debt Relief | 50% |
| DMB Financial | 50% |
| CuraDebt | 50% |
Who does American Express pull credit from?
Experian
What credit bureau does Amex use? While American Express can pull from any of the 3 major credit bureaus — Transunion, Equifax, or Experian — it will most likely pull from Experian.
Can American Express take my house?
Credit card debt, unlike mortgage debt, is unsecured debt. This means your credit card company can’t come immediately take your stuff — including your home or car — when you don’t pay. Once an unsecured creditor obtains a judgment, they can then attach your non-exempt property in satisfaction of past-due debts.
Is American Express a good credit card company?
Remember that you’ll get the most value when you redeem points through the American Express Travel portal or partner travel programs, which are valued at 2 cents each on average, according to The Points Guy. This card requires a good-to-excellent credit
Which is American Express business card is best?
0 percent introductory APR on purchases for 15 months (13.99 percent to 23.99 percent variable APR thereafter)
Which American Express card should I get?
With the The Platinum Card from American Express, you’ll earn five points per dollar on flights directly booked with airlines or with American Express Travel (beginning Jan 1, 2021, bonus points in these categories will be limited to the first $500,000 in combined purchases each year).
Does American Express have a secured card?
American Express are both a card issuer and a payment network, they do not issue a secured credit card currently. But other financial institutions do offer a secured credit card that runs on the American Express payment network. In addition to this American Express do offer an alternative to a secured credit card.