Closing Amex Gold question

[Slowlyrebuilding]

So a little less than a year ago my Amex Gold was given a preset spending limit. It wasn't a huge deal to me at the time but since then Amex has dropped the benefits from Gold that I use the most to justify the fee so I am thinking of closing. I have 3 other Amex credit cards. I wanted to transfer the credit limit from 2 of them to one and close. So essentially I would be down to 1 Amex card. 
When I try to transfer the credit limit it says it's denied because the Gold has a preset spending limit. 
I have 3 questions:

1) if I close Amex Gold will it affect my utilization or is it not calculated in?

2) has anyone had success closing a card with a preset spending limit and then being able to transfer credit limit?

3) does closing cards with Amex affect your ability to get approved with them in the future?

[SouthJamaica]

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@Slowlyrebuilding wrote:

So a little less than a year ago my Amex Gold was given a preset spending limit. It wasn't a huge deal to me at the time but since then Amex has dropped the benefits from Gold that I use the most to justify the fee so I am thinking of closing. I have 3 other Amex credit cards. I wanted to transfer the credit limit from 2 of them to one and close. So essentially I would be down to 1 Amex card. 
When I try to transfer the credit limit it says it's denied because the Gold has a preset spending limit. 
I have 3 questions:

1) if I close Amex Gold will it affect my utilization or is it not calculated in?

2) has anyone had success closing a card with a preset spending limit and then being able to transfer credit limit?

3) does closing cards with Amex affect your ability to get approved with them in the future?

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1.  The Gold card is a charge card, which is not factored into utilization in any of the more modern FICO scoring models. But it can be counted as an 'account with balance' if it reports a balance.

2.  I never tried it but I'm sure it's impossible to transfer any part of its "limit" to anything.

3.  No, closing cards does not affect your ability to get approved in the future, but sometimes, if they tag you as a SUB-churner, it might affect your ability to get a sign up bonus. But I'm not an expert on that, perhaps one of the Amex experts will enter the conversation.

[Veronik2019]

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@Slowlyrebuilding wrote:

So a little less than a year ago my Amex Gold was given a preset spending limit. It wasn't a huge deal to me at the time but since then Amex has dropped the benefits from Gold that I use the most to justify the fee so I am thinking of closing. I have 3 other Amex credit cards. I wanted to transfer the credit limit from 2 of them to one and close. So essentially I would be down to 1 Amex card. 
When I try to transfer the credit limit it says it's denied because the Gold has a preset spending limit. 
I have 3 questions:

1) if I close Amex Gold will it affect my utilization or is it not calculated in? 
CHARGE CARDS UTIL% IS NOT CALCULATED IN YOUR OVERALL UTILIZATION.

2) has anyone had success closing a card with a preset spending limit and then being able to transfer credit limit?

YOU CANNOT TRANSFER A CREDIT LIMIT THAT DOESN'T EXIST. CHARGE CARDS DON'T HAVE PRESET LIMITS. 

3) does closing cards with Amex affect your ability to get approved with them in the future? I HAVE HEARD IF CLOSED WITHIN THE SAME YEAR, ITS A BAD IDEA. I'D WAIT AT LEAST TILL YOU'VE HAD IT FOR A YEAR OR TWO. IF THE AMEX CARD HAS AN ANNUAL FEE, WAIT TILL RENEWAL, LET FEE POST THEN CANCEL. THEY'LL REFUND FEE. WELL, WHEN YOU DOWNGRADE CARDS I MEAN. IDK ABOUT A CLOSURE OF THE CARD. I WANT TO CLOSE MY GOLD CARD AS WELL BUT I STILL GOT A BALANCE. AMEX CHAT TOLD ME I CAN CLOSE CARD WITH BALANCE ON THE ACCOUNT. SORRY FOR BIG CAPS LETTERS. THE KEYBOARD MESSED UP.

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[Slowlyrebuilding]

Just to clarify I wasn't looking to transfer the gold limit. I have 3 Amex credit cards (2 Hilton and Bonvoy). I wanted to transfer the balance from 2 of them to the 3rd. When I try to do that now it denies the request due to having a preset limit on the gold.  

[GatorGuy]

If you want to improve things with Amex, I would focus instead on whatever it was that caused Amex to institute a PSL. The like for you to spend a lot and PIF. 

I don't think closing the Gold is going to help you. But if it isn't useful to you anymore and you have had it for over a year then go ahead. 

[SouthJamaica]

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@Slowlyrebuilding wrote:

Just to clarify I wasn't looking to transfer the gold limit. I have 3 Amex credit cards (2 Hilton and Bonvoy). I wanted to transfer the balance from 2 of them to the 3rd. When I try to do that now it denies the request due to having a preset limit on the gold.  

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It's not blocking you because you have the Gold.

It's blocking you because you're trying to do more than one.

You need to do one at a time, and space them out over at least a month.

[Slowlyrebuilding]

Although some would disagree I'm sure I was given the preset limit because I tried out the plan it feature on a large purchase. I'd had the card for over 8 years with no problem. I did the plan it for a purchase just to see how it worked and within a day or 2 was given the preset limit. I paid it off that month but it's been preset ever since 

[Slowlyrebuilding]

I didn't try to do 2 at once. I tried with the one card first (Hilton to Hilton) and it went to a processing message. I received a letter in the mail specifically stating they wouldn't transfer the credit line because the Gold card has a preset limit.

[jcooks]

Have you tried reaching out to Amex why they put a preset spending limit if you used a feature that they're advertising on the card?  Was there a missed payment?  I don't see them putting a preset spending limit just because you used one of their features.

EDIT: could it be the charge offs that you're currently paying off from last year?  Sounds like Amex took AA when some accounts were charged off.  To answer your question, I have heard of them denying credit reallocations when something has spooked them.

[Slowlyrebuilding]

No late payments with Amex. All accounts are at zero monthly. I've never asked them about the preset because I didn't really care. Like i said in the first post I'm planning to close it either way because they got rid of the perks I used (airline credit and Uber eats membership) so I can no longer justify the annual fee. My only concern was whether the preset limit would affect overall utilization. I've done a lot of work getting it down.