Are you able to cancel your card and not pay the fee once it is on your statement? The reason I ask is that I signed up for the AA Exec Card for the 60K points and the lounge since I would be flying AA a lot but I don't think I want to pay it next year. I signed up around Oct. 10th but have an AA flight Oct 20th. Could I fly and use the lounge and then cancel the card after that assuming there is no additional amount on the card other than the $450 fee. Does it usually post the month you first signed up or the next?