Will AMEX Cancel if Zero balance?

[cyn5]

Hi - quick question if anyone has any experience with American Express. I have a zero balance and will keep it that way until filing...will AMEX automatically cancel my card even if I do not list it since it has a zero balance? Also, since my card is due in full every month...I did pay my balance off last month of about $1500. Will trustee question this and try to get it back to pay my other creditors? How does the trustee investigate preferential payments? Do they basically go off your checking statement? I am hoping to keep my AMEX through bk just because I have had it for years and years. But I am thinking that since AMEX checks your credit report every once and a while, they will see the bk & cancel anyways. Does anyone have any experience in keeping their AMEX through bk? Thanks!

[holding on]

my situation: I payed off my AMEX 1 day before filing. Since they were not listed as a creditor I did not have to document any payments to them (on the what creditor did you pay more than $600 question). Of course the trustee would know what I paid them because of the 2 months checking statements. My Trustee asked nothing about this payment.

Many have said AMEX cancelled them right away even with 0 balance. I've kept mine but who knows what will happen at a yearly/quarterly review by AMEX.

[hereforinfo]

Amex has been canceling accounts for people who just have a late payment to another creditor on their credit report. It most likely won't survive your bankruptcy. As soon as they run your credit report (which they do often for maintenance) they will cancel your card. Sorry.

[cyn5]

Okay, thanks for the info. I know a few years ago I had a few AMEX cards and they lowered the limit on my Blue Card card because of something to do with my credit score (which was wrong at the time). I just ended up cancelling it because I was mad....but I have always kept a gold or platinum. I am wondering if it is better to just cancel my card now before filing and then after bk is done, reapply for another card in a few years? Or perhaps they never let you open another acct if you have bk on your credit.

[magyar123]

Your last sentence IS IT. Same as Citi, Chase and B of A. Once you file bankruptcy - not even including them - you're on their s..t list.
No matter how much bailout money they begged for and/or received.

[cyn5]

yep, you are probably correct. All the years I had with them as a good card holder....just out the door I guess! I probably should not have paid them last month:-) ha ha. But of course I did not even know last month when I did pay them that I would even consider bk. But now I feel like I have no choice in the matter. I guess I was just hoping that perhaps amex would leave my card open since at a zero balance. oh well.