American Express Care Program
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Care Program By American Express
I guess I can start off by telling you that isn't my Amex card. I decided to write this article because of the way the economy is and I know a great deal of people are searching for answers.
If you are worried about making your American Express payment, worry no more. The American Express Care program is designed to alleviate your stress and show you that your are truly a valued card holder. If you have a card that is suppose to be paid in its entirety every month you can arrange a monthly payment plan. For cards that are not due in full every month you will receive 0% interest for the first six months and 9.9% interest for the six months following that.
Drawbacks
You must carefully listen to all the terms and conditions and really ask questions or you could be really upset at the end of this.
You must forfeit all of your rewards points!
You cannot use your card or cards during this period. Although if you pay a balance off you can use your card again.
The most important thing is this one. ** American Express can report negatively to the credit bureau and cancel your accounts. This is only if you take too long to repay them, I believe it is a little over 300 days. Make sure you ask them and possibly email them so this doesn't happen to you.
Other than that The American Express Care Program is a terrific program and I hope those that need it are able to utilize it and good luck.
Best Wishes!
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Comments
A much needed article during these tough times. Thank you once again!!
A much needed article during these tough times. Thank you once again!!
I recently signed up for the care program with american express. What a disaster!!! They Lied they set you up on a payment plan for 12 months and 3 months in they cancel your credit cards than give you a 90 days late with the credit bureau. It prevented me from refinancing and paying the credit card off. It bump my credit score from 680 to 580 so I can not refinance until they get paid off. I will never use them again. One department does not know what the other department does. I have had perfect credit with only 3 lates in 7 years. I would have been better off filing banrupcty or consumer counceling than dealing with this pack of liars. BEWARE DP NPT SIGN UP FOR THE AMERICAN EXPRESS CARE PROGRAM. MY TAX DOLLARS BAILED THEM OUT AND THEY DO NOT HELP THE TAX PAYERS.
I am sorry to hear that Dan. Maybe we will here from others about their experiences with this program. I have heard good things about it, sorry that happened to you.
This program saved my credit.
Great to know.
basketballbloggin says:
2 months ago
This one was a life saver!!!