[quote=spdrun]I thought if your balance-to-limit ratio stays the same (i.e. you open another card w/o annual fee with same limit) then your credit won’t be affected. Closing an account IN ITSELF isn’t a reason for damage to credit.[/quote]
AMEX Gold doesn’t have a “limit.” When Gold (and above) cardmembers want to buy something expensive using their card, they will “consider” it based upon prior payment record and known assets.
