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just closed mine. what a fight. Had to deal with 3 reps who all said they have never seen a limit as high as mine ($1500) They even hung up on me once. And to show what liars they are, I know the max the card will allow is $1500 but when I told them I have several cards with 5k limits or higher, they said oh well we can do a credit limit increase at any time but its not assured. BOGUS. They did offer to take the apr to 12% which was decent but no waive of af. BUH BYE
They will use any tactic to scare someone who is not in the know
my situation is similar to you. I close my credit one (400) few months ago, and no negative effect on my profile.