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I filed a Chapter 7 bankruptcy in 2009 and yes American Express was included in that. Happy to report that I have rebuilt my credit, my credit score ranges between 754-800 (depending on which bureau you check) and that the 7 was wiped off my credit report about 2 years ago.
Despite this, I have been turned down on two separate occasions since my discharge.
I have asked AMEX if because I had a balance with them when I filed my bankruptcy if I would ever be eligible for a card. They would never answer my question, only that I could continue to apply every six months.
So is there any reason to believe that AMEX will ever issue a card to me?
Pretty much no, they won't issue you a card; you're blacklisted until you pay them back. Otherwise you can wait it out without paying them and you may be able to get back in, but that would take decades.
Though I wish the answer was different, I appreciate the candor and honesty. Just grateful that others forgave me.
Ironically I hear of others talking about annual fees and such while for me, an annual fee of virtually any amount would be of no consequence.
I burned them for 11k. I don't know how soon they would have let me back in, but I applied 19 years later and was approved.
Congrats! 19 years from my discharge will find me in the home with oatmeal dribbling out of the sides of my mouth ;-)
Well, I didn't think I would ever get back in until I found these forums. Probably would have never applied again.
@Anonymous - it's fairly possible, but no one knows how long you could remain on the AmEx blacklist. Some folks have reported 10, 12, 15, 20, 30 years, etc.
How large were the AmEx balances?
Between my corporate card (former business) and a personal card, approximately $20k.
@OmarGB9 wrote:Pretty much no, they won't issue you a card; you're blacklisted until you pay them back. Otherwise you can wait it out without paying them and you may be able to get back in, but that would take decades.
I disagree with this.
OP - it will take a while but it is possible to back in.
Time heals all wounds.
DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!
@Anonymous wrote:Between my corporate card (former business) and a personal card, approximately $20k.
@Anonymous , $20K is a big loss to them, so Id imagine you'll be BL for many years. If you paid they back in full, you could get in much quicker, but $20K is a huge amount to pay back just to get a card again. I would just throw out a yearly app until you're approved again. Be prepared it could be years, so Id just move on to another lender for now.