Amex the credit grantor vs Amex the processor

[W261w261]

I live with a certain level of anxiety regards my relationship with Amex, although since I started up with them again 5 years ago its been uneventful. I have 3 cards: EDP, Gold, and the purple Delta. Although they are my principal cards, I have about 10 others, including a Navy Flagship Visa.

I'd like to dilute my exposure to Amex a bit, and am considering the Navy More Rewards (processed by Amex) card. My question is: since Amex is only the processor and not the grantor on this card, if worst case Amex closed all my accounts with them, I'm assuming the Navy card would not be directly affected. Is this correct? Thank you. 

[SouthJamaica]

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@W261w261 wrote:

I live with a certain level of anxiety regards my relationship with Amex, although since I started up with them again 5 years ago its been uneventful. I have 3 cards: EDP, Gold, and the purple Delta. Although they are my principal cards, I have about 10 others, including a Navy Flagship Visa.

I'd like to further dilute my exposure to Amex, and am considering the Navy More Rewards Amex card. My question is: since Amex is only the processor and not the grantor on this card, if worst case Amex closed all my accounts with them, I'm assuming the Navy card would not be affected. Is this correct? Thank you. 

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If you're nervous about Amex and want to reduce your exposure to them, why on earth, of all the cards in the world, would you pick a card processed by Amex? 

[notmyrealname23]

Yeah, they're not going to really care if you have a Navy Federal card any more than MasterCard or Visa do.

That being said... why the angst? Did you burn them in a bankruptcy? Suck out a ton of points on signup bonuses and retention offers? Were you rude on the phone to customer service? I don't get it. It's a commercial relationship. If it's really anxiety inducing why would you continue a commercial relationship instead of just cutting it off and getting different credit cards? Surely the points can't be worth THAT much peace of mind...

[wasCB14]

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@W261w261 wrote:

I live with a certain level of anxiety regards my relationship with Amex, although since I started up with them again 5 years ago its been uneventful. I have 3 cards: EDP, Gold, and the purple Delta. Although they are my principal cards, I have about 10 others, including a Navy Flagship Visa.

I'd like to dilute my exposure to Amex a bit, and am considering the Navy More Rewards (processed by Amex) card. My question is: since Amex is only the processor and not the grantor on this card, if worst case Amex closed all my accounts with them, I'm assuming the Navy card would not be directly affected. Is this correct? Thank you. 

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If there were going to be problems based on your prior history, I expect they would have arisen by now.

[Anonymous]

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@W261w261 wrote:

I live with a certain level of anxiety regards my relationship with Amex, although since I started up with them again 5 years ago its been uneventful. I have 3 cards: EDP, Gold, and the purple Delta. Although they are my principal cards, I have about 10 others, including a Navy Flagship Visa.

I'd like to dilute my exposure to Amex a bit, and am considering the Navy More Rewards (processed by Amex) card. My question is: since Amex is only the processor and not the grantor on this card, if worst case Amex closed all my accounts with them, I'm assuming the Navy card would not be directly affected. Is this correct? Thank you. 

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Amex doesn't issue your Navy card, Navy does. How could a card issued by another bank be closed by Amex?

[Anonymous]

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@Anonymous wrote:

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@W261w261 wrote:

I live with a certain level of anxiety regards my relationship with Amex, although since I started up with them again 5 years ago its been uneventful. I have 3 cards: EDP, Gold, and the purple Delta. Although they are my principal cards, I have about 10 others, including a Navy Flagship Visa.

I'd like to dilute my exposure to Amex a bit, and am considering the Navy More Rewards (processed by Amex) card. My question is: since Amex is only the processor and not the grantor on this card, if worst case Amex closed all my accounts with them, I'm assuming the Navy card would not be directly affected. Is this correct? Thank you. 

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Amex doesn't issue your Navy card, Navy does. How could a card issued by another bank be closed by Amex?

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Right, which is what the OP thought, and was seeking confirmation.

Now in theory, if you used that card to somehow cause them harm (e.g. doing a denial of service by injecting tens of thousands of transaction requests a second from the card) they could block it from their network, making the card unusable but still open.    But at a guess, you don't have such plans.

[practical1]

@Anonymous 

A bit of additional clarification, from one who works in the industry:

Co-branded bank-issued (or credit-union issued) AMEX do not  imply that AMEX is the "processor" , even though components of the "transactions" flow through AMEX's payment gateways and its network.    Many, if not most, co-branded AMEX cards are actually processed by FISERV or other third-party transaction processing platforms, who are selected by the card issuer, independent of AMEX itself.  

So, as other posters have pointed-out, there is no cause for concern about AMEX reaching out and affecting co-branded cards in your wallet, should they take a disliking to you,  for any reason