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auntlenie

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I want to cancel my Amex gold business how will impact my credit rate

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Depends

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How long have you had the card in comparison to your other cards and by how much will it reduce your overal available credit? If it's fairly old and removing the available credit brings your other card balances high, then you will get dinged. 

Top Contributor
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I would suggest

If you are no longer in business and no longer need that card, Contact AmEx and ask if they can convert the card to a personal card, that way you don't lose the account history related to that account.  The age of the account and payment history are major factors in your score and that would be the best way to keep that info on your report.  AmEx generally has great customer service and are very willing to work to keep you as a customer.

Simply closing the account will have a negitive effect on your score. lowering your available credit and the age of your accounts.

Good luck

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