Hello everyone, a friend of mine was telling me about a program that American Express called "Amex Oasis" it is for those that have defaulted on a Amex card in the past. They said that what Amex does is ask you to pay off the past due balance in 90 days but here is the kicker they give you an Optima card with a limit that equals half of the defaulted balance. It is actually what they call a "recovery" product I was told.

When the balance is paid in full they start the counter from when you first opened your account (for example if you opened an account in 1988).

Has anyone here ever heard of this program?

TIA