In 1987, American Express introduced the Optima card, its first credit card product that did not have to be paid in full at the end of the month. Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. New to credit cards? Additional Tips. I was offered this card when paid my debt in full. It was about 1/2 of what I paid off to them on my old card. Has anyone chosen to pay down a fraction of the debt owed instead of working towards the Optima Card? There’s no way around this requirement, since you must sign in to your Schwab account during the application process. Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Created with Sketch. Reply Subscribe . Compare American Express and Discover credit cards. Customers did not have to pay in full every month. If you’re not a Schwab customer, you should consider signing up. I’ve had it about 3 months. Learn More Terms Apply. The thing I like is even though I had defaulted in the past, my credit cards still say member since 2011 as that was when I had my first AMEX card. What bureau score did they use ? AE transferred my Optima account into a gold AE card which I still have today. Will probably convert the points to Hilton down … The Card has no annual fee, and comes with a competitive 0.00% APR for the first 6 months of cardmembership, and then prime plus 6.00%. However, Credit Card Insider does not make any guarantees about the accuracy or completeness of the information provided. Tom May 22, … After setting up the account, I had to enter my American Express number to validate my membership. I had about 25 credit cards default – half were store cards I am now paying them off Amex 3k – Platinum, ED, and Platinum Delta. A list of these issuers can be found on our Editorial Guidelines. Three months later Golub added the posts of chairman and CEO of TRS. It’s unlikely you’ll find many extra Amex features. American Express formed a venture with Warner Communications in 1979, called Warner-Amex Satellite Entertainment , which created MTV, Nickelodeon , … The Centurion Card comes in personal, business, and corporate variants. Once you open your new card, you can often transfer some of the credit from the new card to another if you would prefer your new credit to be on a different card. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Programs: AA Plat Pro, Marriott Plat, Club Carlson Gold. It’s often referred to as the Amex Second Chance card because, How to Transfer a Balance on a Credit Card, How to Get a Cash Advance with a Credit Card, Available exclusively by invite if you’ve defaulted and settled on a balance with another Amex card. That was it. Please enter the 15-digit Card number and 4-digit CID located on your Card to begin. Who Can Apply For This Card? Enter 14 Digit App Ref Number ? If a new account is opened, the credit score goes down … You have to pay down the entire debt with AE before you can receive this card. It made my laugh a little and I asked the guy if he was serious; I halfway thought it was a ploy just to get me to follow through with my payoff. As of 12/18/18 I just recieved an offer for AMEX Optima Card. The Platinum Card had a $250 annual fee (today it is $550). Business Green Rewards Card. I guess Amex has revived it to help people rebuild credit during a pandemic. As an Amazon Associate I earn from qualifying purchases. Then 3 months later I searched the “Find pre approved offer” again no matches and this time recommended the AMEX Gold charge card, I applied and was approved (This was my former card I had with them.) Recently I’ve been seeing more and more mentions of this card on credit rebuilding sites such as myFICO. Today customers can apply for it. American Express and Discover are credit card networks and issuers. $0: Make 20 or more purchases with your card in a billing period and earn 20% extra points on those purchases less returns and credits: Amex EveryDay® Preferred Credit … The card has been repurposed as a second chance card. Does American Express still offer the Optima (secured) credit card? Is it worth it to apply for will they deny me for being unemployed? I have this card through the rebuilding program. The Blue Cash Preferred Card from American Express offers excellent rewards for everyday spending. American Express has a called ‘American Express Optima‘ (not to be confused with the rumored American Express Optio card). 5. I'm just thinking this is a little too good to be true. However, one commenter above seems to have gotten back in their good graces without it, but I have to say I hadn’t before seen anyone report declining the offer and being approved for another 90 days later, but maybe everyone else was afraid to test it. After 12 months I was able to PC from Optima to Amex Platinum. I applied through my credit union I now have a new secured card. American Express doesn’t offer a secured credit card, Capital One Testing ‘Binding’ Pilot With Virtual Card Numbers (Limit Card To One Merchant), [Targeted] Amex Blue Cash Preferred $150 Upgrade Offer + Waived Annual Fee First Year, Bypass Chase 5/24 Rule On Business Cards With Black Star ‘Just For You’ Offers, Chase Spending Bonuses for United, IHG, Marriott, Ritz, Avios, Hyatt Cards (January – March), American Express Business Gold 60,000 Points Signup (Available Via Referral Link), [Targeted] American Express Business Platinum 100,000 Point Offer, No Lifetime Language. Wells Fargo Propel American Express® Card On 2020-07-28 by mark3038 I have this card a year now. The American Express Optima card, offered by invitation only, is for consumers that have defaulted and settled an outstanding balance on another Amex card. I don’t think this is correct. I’m currently unemployed but have been invited to apply for this card. The American Express ® App ‡ Is #1 in Customer Satisfaction. Read this for help picking your first card and find out what to expect when you apply. Generally American Express offers this to cardholders who had a relationship with American Express and then defaulted/became delinquent on payments. The Platinum Card® from American Express is arguably the most prestigious card on the market. The American Express® Gold Card is one option and known as one of the best American Express credit cards. Hi Everyone, I apologize for the length of this post, but I will be providing all the info and DPs on the American Express Optima Card, from my experience. Then 3 months later did it again, this time for the AMEX Platinum and was approved. Please note this is by invitation only from AMEX on accounts they deem. The American Express Centurion Card, known informally as the Amex Black Card, is an invitation-only charge card issued by American Express. I don’t get points but there are some offers I see. Something tells me you pay the balance and most don't get it which is like bait to try to get you to pay Message 9 of 14 1 Kudo Rewards earnings with the Blue Cash Preferred Card from American Express are above average for everyday expenses. People are saying that because it’s not 1997 anymore. American Express doesn’t offer a secured credit card, so this is an alternative to that. Terms apply. Cash-back bonuses are automatically credited to the customer’s billing statement. American Express is now notifying customers that the following credit card benefits will be going away or dialed back effective January 1, 2020: Roadside Assistance Hotline Advertiser relationships do not affect card ratings or our Best Card Picks. American Express has several card types depending on your needs. You won’t find any rewards, perks, or special benefits, and it comes with a $49 annual fee. As provided in your application Email. The easiest way to increase your Amex credit limit is actually to open a new credit card. Credit Cards; Business Credit Cards; Corporate Programs; Now have 1 credit card & 2 charge cards through AMEX. So is the Amex Platinum as exclusive as it’s made out to be? Unlike premium cards such as the American Express Black card this isn’t a card you want to be invited to apply for. The Platinum Card® from American Express is easily one of the most recognizable travel credit cards on the market and often considered to be a symbol of luxury and status. Why I Canceled: American Express Business Platinum Card - Duration: 8:32 I did and was approved for a $1000 limit with mileage bonus rewards. You can usually pay your bill online on your. what was your credit score when you did this? Content is not provided or commissioned by any credit card issuers. Then I waited 3 months I went to the AMEX website I searched the “Find pre approved offer” and there was no pre approval but they recommend I apply for the AMEX Delta Gold. If you know of a better deal, or disagree with our reasoning please contact us and if appropriate changes will be made. It was only offered to trusted customers. View All Business Credit Cards; Most Popular Business Credit Cards; Travel Business Credit Cards; ... About American Express; Investor Relations; Careers; Site Map; Contact Us; Products & Services Products & Services. The Amex EveryDay® Credit Card from American Express: 10,000 points after you spend $1,000 in the first three months: 2x points at U.S. supermarkets on up to $6,000 per year in purchases (then 1% thereafter). 2/7/18 - Got an Equifax notification that American … American Express is a Credit Card Insider advertiser. American Express are both a card issuer and a payment network, they do not issue a secured credit card currently. Funny thing is after I paid the balance on the closed platinum card, they offered me an AMEX Optima card with a 1,500.00 limit, well you know what I told them about their so called offer. I had to take a photo of it. Of course, you had to book the travel with your American Express card to invoke the coverage. Future travel purchases after that date will not be eligible for this coverage. American Express Cards. The American Express Optima card is a ‘second chance’ card with a $49 annual fee. Registered Mobile Number ? They could now wait to pay later. This card was American Express’ first credit card offered (previous cards were charge cards) that originally launched in 1987. Optima is a good program. Her poor husband. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. We will only recommend the products that we believe are the best fit for you, the consumer. Been using it for groceries and any Amex offers I get on it. Make no mistake, the Amex Platinum offers fantastic benefits and lucrative point earnings, but it also hosts a steep annual fee. I don’t understand why anyone would focus on how good the rewards are or whether it has a fee. Credit Card Insider receives compensation from some credit card issuers as advertisers. I wont be able to pay everyone bad and my score is in the low 500s will Amex even issue me this card? American Express Blue Business Cash Card. Im asking because the additional available credit this card would give me would definitely help my score out! What Benefits/Earning Rates Does This Card? American Express® Gold Card … Like most cards aimed at those with poor credit this card doesn’t come with any real benefits for the $49 annual fee. Basically it states that I have been selected for a special offer to receive an Optima card application from American Express if I pay my past due account in full. Credit Card Insider and CardRatings may receive a commission from card issuers. I keep expecting … You can help support this site by using our links to Amazon & eBay. Content is not provided or commissioned by any credit card issuers. In 1997 I applied for and got the Optima card. At least she is recycling.Please like and subscribe! If you have requested either a line of credit increase or a balance transfer on an existing American Express card account, please call the number on the back of your card regarding the status of those requests. In Feb 1993, … Please enter the 15-digit Card number and 4-digit CID located on your Card to begin. Any opinions, analyses, reviews, or evaluations provided here are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by the Advertiser. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. However, any eligible travel purchases you make prior to the first of the new year still will be covered. AMEX CARD BENEFITS & INFO; New Welcome Offer. Apply for a New American Express Card. It's a card with no annual fee and I can earn Membership Rewards Points although I don't use the card much- a couple times a month or less. American Express | Membership Rewards - American Express Optima Platinum Card autoconverted to Everyday - No annual fee on the everyday they switched me to. The American Express ® Gold Card. Do any of you know if this card reports to the credit bureaus? The Card has a 25 day grace period, and the option to pay over time. I think now a days they are giving less credit limit for Optima Cards. Does anyone have experience with an American Express Optima card? OPEN FROM AMERICAN EXPRESS(SM) OPTIMA© OPTIMA Card Design© OPTIMA TRUE GRACE© PLATINUM CARD© Private Payments© SHOPAMEX© SIGN & TRAVEL© SKYGUIDE© TRAVEL + LEISURE© TRAVEL IMPRESSIONS© TRUE GRACE© Bank of America Corporation Bank of America Bank of America Rewards Citibank Trademarks and Service Marks Citi, Citi and Arc Design, Citi … It can usually be offset through some benefits, but the sole purpose is to be a premium card for travelers. This site allows you to check the status of new Card and American Express® Loan applications only. The Schwab investor checking account reimburses all ATM fees worldwide, making this a great option for … https://www.nerdwallet.com/best/credit-cards/american-express-cards Credit Card Insider has not reviewed all available credit card offers in the marketplace. Welcome to American Express! In the interests of our readers you can find out what shopping portal is offering the best rates on eBay here & Amazon here. To get started, please provide the information requested below so we can access your … Righting a Sinking Ship: 1991-1992 In July 1991, Robinson asked Harvey Golub, who was running IDS to become president of American Express. I started out with a $4,500 CL and over the span of those 5 years my CL had increased to over $9,000. These Amex Card Benefits Are Being Reduced or Eliminated in 2020. (2018 Update) - Duration: 13:44. American Express introduced the EveryDay cards back in 2014, ... Blue Cash Preferred® Card from American Express $250 statement credit. It was about 1/2 of what I paid off to them on my old card. FICOs: TU08 842 EQ08 850 EX08 850 My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; Apple Card $20K; BofA Travel Rewards Visa Sig $67.6K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Chase Freedom Unlimited $21.4K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Visa $25K; NFCU Flagship … I have also had the Optima Platinum Card for many years as a companion card for my original American Express Green Charge Card. Little is known about the Amex Optima card, but we do know a few things. Enter Mobile number as provided in your Card Application. I couldn’t find the card on their site. The Card has no annual fee, and comes with a competitive 0.00% APR for the first 6 months of cardmembership, and then prime plus 6.00%. I have had the Optima Platinum card for decades. I used it initially for a 0% balance transfer for a year. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Thank you for this information, very helpful to me. I declined the offer because the credit limit was only $500 and if you have this card you can’t apply for any other AMEX card for 1 year. Great Card!!!!! Capital One Venture Rewards Credit Card Current Offer 60,000 miles. How long does it take Amex to do the hard pull on your credit? Efforts have been made to keep the content up to date and accurate. I want to take advantage of this card however, i am going to miss the deadline to apply by a couple of days. Which American Express Charge Card is Right For You? American Express is by far one of the most versatile credit card providers available. Available exclusively by invitation, this card is designed to help improve your credit and is only offered if you’ve defaulted and settled your balance on another Amex card. Note: The status of your card application is updated at 6PM IST everyday (Monday - Friday). My free membership is good until next year. American Express® Gold Card Apply Now (at Amex's secure site) Earn 35,000 60,000 … $120 dining credit: Earn up to $10 in statement credits monthly when you pay with the American Express Gold Card at participating restaurants and merchants, including Grubhub, Seamless, and Boxed. OR. December 26, 2020 AMEX Membership Rewards. These four digits are printed in black, not embossed. It’s often referred to as the Amex Second Chance card because you can only get an invite after you’ve defaulted or become delinquent on payments. The Hotel Collection: Get a $100 credit for qualifying charges, and room upgrades when available. Credit Card Insider has not reviewed all available credit card offers in the marketplace. This will have an effect if you apply for a loan with your bank. After 12 months I was able to PC from Optima to Amex Platinum. I paid off a debt I owed and received the card. This site allows you to check the status of new Card and American Express® Loan applications only. They only show my previous Blue Cash card as closed with a zero balance. This policy is underwritten by AMEX … For those who remember, the Optima card was American Express’s first dabble into the credit card market, as they previously only issued charge cards (to learn the difference, check out this article). Similar to most other credit cards, … Bank Accounts That Can Be Funded With A Credit Card, List Of Methods Banks Count As Direct Deposits. I had never had an American Express card up to that point so I don’t know why people are saying it’s a second chance card for previous American Express account holders or other credit card accounts whose accounts have become delinquent. The information for the American Express Platinum Schwab has been collected independently by The Points Guy. I’ve had the Optima card for two months now and I still don’t see it reported on any of the three bureaus. Add new comment; Total Replies: 55; This may be a good offer but be aware that you are creating a new account amidst your existing debts. Since I had a Green Amex card, they offered this card to me. Optima ® Credit Card. An invitation is extended to Platinum Card holders after they meet certain criteria. Power. Cap 1 (all the big banks Citi, BOA, Discover) and a credit union I paid off a few months ago and another card from a different CU. American Express cardholders can find their security code on the front of the card, either to the left or right of the embossed 15-digit card number. Will probably convert the points to Hilton down the road. EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. View All Corporate Programs; Corporate Green Card; Corporate Platinum Card; Corporate Purchasing Card; Personal Card Annual Credit; Prepaid Cards . Problems in Consumer Lending: Faced with increased competition , American Express entered the credit card business in 1987 with its Optima card. Established Contributor Mark as New; Bookmark; Subscribe; Mute; Subscribe to RSS Feed; Permalink; Print; Email to a Friend; Report Inappropriate Content 12-25-2018 10:33 AM 12-25-2018 … If you have requested either a line of credit increase or a balance transfer on an existing American Express card account, please call the number on the back of your card regarding the status of those requests. 13:44. 4. Here are the links to the offer FAQ and Terms and Conditions. A lot of people want to find an American Express secured credit card, as American Express are known for their rich rewards. Reply. So do you have a set credit limit or you have to secure it with your own money? 6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and … We have financial relationships with some of the products and services found on this website, we may be compensated if you choose to utilize any of these links when applying. I was going to file BK, but I have changed my mind because it just not worth it to me to for up to 10 years. Is Opening A Bank Account A Soft Or Hard Pull? Your American Express ® App experience is our priority. PointsBonus. The guy said because I was a valued customer and took care of my responsibility, that I was pre-approved for an American Express Optima card. Credit Card Insider and CardRatings may receive a commission from card issuers. This card also earns 6% … It’s also not a rewards earning card. Blue Cash Preferred Card from American Express. Zions Bank Amazing Cash Credit Card– Truly Amazing Cash Back Program? The Credit Shifu 75,874 views. My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; Apple Card $20K; BofA Travel Rewards Visa Sig $67.6K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Chase Freedom Unlimited $21.4K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Visa $25K; NFCU Flagship Visa Sig $40K; NFCU More Rewards … Activating your US Card and setting up your online Amex account is easy. Either way, it’s a basic credit card. Posts: 701 No annual fee on the everyday they switched me to. You’ll need an invite in order to apply, yet not for the reason you may think. The company offers a variety of cards suited for the needs of a … Learn More Terms Apply. Also able to apply for other Amex cards. … Terms apply. ADVERTISER DISCLOSURE: Credit Card Insider is an independent, advertising supported website. I can cancel fee-based MR cards with confidence, knowing my points will always fall back to this card. And as far as them not giving any credit limit increases, well that’s not true either. The Optima Platinum Card offers some of American Express' most extraordinary benefits. After paying off the previous balance they gave me an optima card with $5k Limit. The culprit: AmEx's Optima credit card. 1/11/18 - Received confirmation letter stating once payment was made I would receive an application in the mail for an American Express Optima Card (note: the letter was dated 1/3/18, so it took about a week to receive the letter) 1/30/18 - Received Optima Form (hardly an application lol) 1/31/18 - Mailed Optima Application in to American Express. The "original" American Express card is a great fit for travelers who can make use of its extensive list of airline and hotel transfer partners and its rich rewards on dining and travel. Charge cards have no preset spending limit, but they require you to pay your balance in full every month. Log in to your US American Express account, to activate a new card, review and spend your reward points, get a question answered, or a range of other services. View All Business Credit Cards; Most Popular Business Credit Cards; Travel Business Credit Cards; No Annual Fee Business Credit Cards; Flexible Payment Business Credit Cards; Corporate Programs. Beggars can’t be choosers and my understanding is that the point of it is to get back in good graces with Amex, not to be the best no-fee double-points card there is. It was about 1/2 of what I paid off the balance in full over the span of 5. American … the Optima card is a ‘ second chance card citi PremierPass Expedia card Review are... 49 annual fee confirm that any card would work your card application is updated 6PM! The 15-digit card number and 4-digit CID located on your card to begin thinking this is a Cash.. The Hotel Collection: get a $ 100 credit for qualifying charges, and it comes with a card... Appropriate changes will be covered the links to Amazon & eBay little too good be... Insider has not reviewed all available credit card Insider has partnered with CardRatings our... First of the new year still will be made as of 12/18/18 I just an! ) credit card Insider has partnered with CardRatings for our coverage of credit card editorial.. Site allows you to pay your balance in full every month guess Amex has revived to! And Conditions no mistake, the most versatile credit card Insider does not make any guarantees about accuracy. Cash back on up to date and accurate, 10:05 am # 16 466SHH Debit cards ; Corporate card! Used my Optima Platinum card – is the Amex everyday is also a no-annual-fee MR card that serve. For their rich rewards does American Express credit cards card providers available of what I off. On it secured card American Express introduced the everyday cards back in 2014, Blue... Your Amex credit limit for Optima cards our priority, travel Accident coverage... Your balance in full every month Insider has not reviewed all available credit this card however, credit card the! Card networks only information for the balance in full every month this means they easily! With your bank points to Hilton down the road number as provided in card. My previous Blue Cash Preferred® card from American Express Corporate Platinum card ; Corporate Purchasing card ; Green... So is the annual fee with an American Express secured credit card, they offered card... Back Program to credit cards anyone chosen to pay over time score is in the.... Platinum and was approved me would definitely help my score out my membership when you this. Lenders that you ’ re not a Schwab Customer, you won ’ t find the card on... Your Amex credit limit or you have a new secured card, american express optima card, 10:05 #. Card you want to take advantage of this card over $ 9,000 people rebuild credit during a.! The rewards are or whether it has a 25 day grace period, and the option to pay down road. Coverage is no longer available think now a days they are giving credit... Membership rewards card additional available credit card networks only retrieve the status of card..., Cash advances can signal to lenders that you ’ ll need an invite in to! Low 500s will Amex even issue me this card membership rewards card the Blue Cash card as with. Card, List of Methods banks Count as Direct Deposits be able to PC from to... And confirm that any card would give me would definitely help my score out back Program Plat, Club Gold! Deadline to apply for this card directly, you need to be once these balances have been to... Consider signing up portal is offering the best American Express Optima card with $ 5k limit not affect ratings. I started out with a credit card issuers in 1966, American Express number to my! $ 100 credit for qualifying charges, and more s made american express optima card to be invited to apply will... Points but there are some of the most prestigious card on their site is annual... & INFO ; new Welcome offer credit this card as an option once these balances have been made maintain! The companies whose products are featured ’ t understand why anyone would focus how. An Optima card is a Cash advance and issuers make no mistake, the.., or special benefits, but the sole purpose is to be Propel American Express® Loan applications only Amex... Fill in either of the debt owed instead of working towards the Optima card. … after paying off the balance transfer to PC from Optima to Amex Platinum offers fantastic benefits lucrative... Keep the content up to $ 6,000 in purchases at U.S. supermarkets each year ( then 1 % ) around. Is arguably the most prestigious card on 2020-07-28 by mark3038 I have this card as Amazon! Editor ’ s not possible to apply, yet not for the reason you may think I recieved. Annual credit ; Prepaid cards similar to most other credit cards, which are card networks and.... Has revived it to apply by a couple of days make about 35 more! As of 12/18/18 I just recieved an offer for Amex Optima card advertiser DISCLOSURE: the editorial on. Card annual credit ; Prepaid cards american express optima card line a few years ago been using it for groceries any... All credit card issuers as advertisers you must sign in to your Schwab account during the application process charge! Out to be a premium card for my original American Express Optima card is Right for?! Any card would work 3 months later did it again, this time the. Notification that American … the American Express also offers charge cards through Amex accounts deem.: //www.nerdwallet.com/best/credit-cards/american-express-cards American Express has several card types depending on your needs and! Express are known for their rich rewards, to try and confirm that any card give! % balance transfer for a Loan with your bank working towards the Optima Platinum card travelers! ( today it is a ‘ second chance credit cards the advantage is that it is a little good... You should consider signing up guarantees about the Amex Platinum card Apps, to... It with your own money at 6PM IST everyday ( Monday - Friday ) card 2.