Amex cancelled my Green acct, need counsel...

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Munie
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Amex cancelled my Green acct, need counsel...

Postby Munie » Fri Dec 23, 2011 2:17 pm

Opened in May '11, Amex has now cancelled my Green Acct because of 2 returned payments between September and November. Are my chances of getting a new account with Amex good, as I never had any late payment, just returned payments...? I tried applying for another card with Amex but it got declined and the reason being was a returned payment...how long will Amex reprimand me for returned payments? I don't want to be on the blacklist, should I call and have them review/reconsider it? If so, what would I say?? Help!


DoingHomework
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Postby DoingHomework » Fri Dec 23, 2011 4:30 pm

Do you mean you bounced a check to AMEX? If so, that's BAD!

Munie
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Postby Munie » Fri Dec 23, 2011 4:49 pm

DoingHomework wrote:Do you mean you bounced a check to AMEX? If so, that's BAD!


Is making a payment from my checking account online to my Amex considered bouncing a check?

jeffysdad
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Postby jeffysdad » Fri Dec 23, 2011 5:39 pm

If the payment was returned because of there not being enough money in the acct. to cover it, yes. If you just screwed up the acct. numbers when you made the acct. link, then no. In the latter case you should call them and explain. In the former, forget about it, like DH said.
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Munie
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Postby Munie » Fri Dec 23, 2011 6:05 pm

jeffysdad wrote:If the payment was returned because of there not being enough money in the acct. to cover it, yes. If you just screwed up the acct. numbers when you made the acct. link, then no. In the latter case you should call them and explain. In the former, forget about it, like DH said.


So will I ever be able to open up another account with Amex lets say in 5 years? And am I on their black list?

ooxs
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Postby ooxs » Fri Dec 23, 2011 9:58 pm

Unless you can come up with a reason for them to re-open your account and schedule payments from an account with proper funds, you re pretty much Toast.

CC Deville
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Postby CC Deville » Fri Dec 23, 2011 10:06 pm

Not to pour salt in your wound, but you need to be more vigilant with your credit. Two NSF's within three months is unacceptable for any creditor to forgive, let alone Princess Pea American Express.

I would strongly recommend getting a line of credit with your bank or credit union (if offered) for overdraft. It seems to be getting rare to find this service but it does exist. I have it at my bank; it is a $2,000 line of credit attached to my checking. If I am overdrawn, the bank puts the exact amount of the overdraft into checking and I only get charged interest on the days that I carry a balance. It is worth every penny (literally-I usually only pay about $0.19 for using the line of credit for two days or so). It saves embarassment, credit problems etc.

CC Deville
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Postby CC Deville » Fri Dec 23, 2011 10:08 pm

They should only really blacklist you if you charge off with a balance. You could probably reapply again next year and the new card will be backdated to your original Member Since year.

I would call the executive office like the people at MyFico suggested to you. It is worth a shot.

Munie
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Postby Munie » Sat Dec 24, 2011 12:47 pm

CC Deville wrote:They should only really blacklist you if you charge off with a balance. You could probably reapply again next year and the new card will be backdated to your original Member Since year.

I would call the executive office like the people at MyFico suggested to you. It is worth a shot.


Calling Monday, I'm so nervous...

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Postby PlatinumAMEX94 » Sun Jan 08, 2012 1:43 am

Munie wrote:Calling Monday, I'm so nervous...


What happened? Did you call? What did they say?
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