Top credit cards with no preset spending limits

When looking at different travel rewards cards, most function similarly in terms of purchases and payments. However, cards with no preset spending limits stand out as an exception.

While American Express is often the first name that comes to mind, other financial institutions also offer cards without preset spending limits.

Unlike traditional credit cards with fixed limits, these cards offer flexible spending power. Your purchasing ability changes based on factors like your credit profile, payment history, and relationship with the card issuer. Typically, you must pay your balance in full, although some cards may allow pay-over-time options.

Everything you need to know about the top cards with no preset spending limits.

A roundup of the best credit cards with no preset spending limit.

• The Platinum Card® from American Express: Perfect for those who enjoy premium perks
• The Business Platinum Card® from American Express: The top choice for business owners seeking luxury benefits
• American Express® Gold Card: Ideal for food lovers and earning rewards on dining and groceries
• American Express® Business Gold Card: Best for businesses looking for flexible rewards
• American Express® Green Card: Great for earning rewards on travel and commuting
• Business Green Rewards Card from American Express: Best option for a low annual fee
• The Plum Card® from American Express: Great for earning rewards when paying bills early
• Capital One Spark Cash Plus: Top pick for unlimited cash back on everyday spending
• Capital One Venture X Business: Best for earning unlimited miles on all purchases
• Ink Business Premier Credit Card: Best for unlimited cash back on big-ticket items

The details for the Amex Green card and Amex Business Green Card have been sourced independently by Dinogo. The card information provided here has not been reviewed or endorsed by the card issuer.

American Express also offers two prestigious cards, The Centurion® Card and The Business Centurion® Card. These exclusive cards are invitation-only for high-spending individuals. With hefty fees (a $10,000 initiation fee and a $5,000 annual fee), and their limited availability, these cards are not included on our list.

The details for the Amex Centurion and Amex Business Centurion cards have been gathered independently by Dinogo. The card information presented here has not been reviewed or provided by the card issuer.

Before diving into the specifics of each card, let's take a look at the features that matter most to you.

A comparison of the best credit cards with no preset spending limits.

*Effective February 1, 2025: Eligible Platinum Card Members will receive 10 visits annually to the Delta Sky Club or Grab and Go when flying on a same-day Delta-operated flight.

Further details on the top credit cards with no preset spending limits.

These cards have no preset spending limit, meaning there's no fixed cap on how much you can charge. However, this doesn't equate to unlimited spending. Your spending power adjusts over time, as outlined in the FAQ section below.

That said, you might be able to carry a balance on these cards, similar to a traditional credit card. For example, American Express Pay Over Time lets cardholders carry a balance from one month to the next, with variable interest rates. Even if you never use this feature, it might be worth enrolling if you receive a targeted offer — sometimes offering up to 20,000 bonus points for enrollment.

Let's dive into the details of these cards, including their welcome bonuses, bonus categories, and some of their top benefits.

The Platinum Card® from American Express

Current welcome offer: Earn 80,000 bonus Membership Rewards points after spending $8,000 within the first six months. According to TPG's August 2024 valuations, this bonus is worth $1,600.

Annual fee: $695 (see rates and fees)

Earning rates: Earn 5 Membership Rewards points per dollar on flights booked directly with airlines or through Amex Travel (up to $500,000 in purchases per year, then 1 point per dollar), 5 points per dollar on prepaid hotels booked with Amex Travel, and 1 point per dollar on all other purchases.

Why we like it: This card offers luxury benefits for those seeking a no-preset-spending-limit option. Enjoy exceptional airport lounge access and various annual statement credits to offset expenses on shopping, travel, streaming, and airport security programs — including Clear Plus membership reimbursement and Global Entry or TSA PreCheck application fee reimbursement. Plus, earn 5 points per dollar on flights and hotel bookings through Amex Travel and gain complimentary Gold status with Marriott Bonvoy and Hilton Honors.

Please note that some benefits require prior enrollment.

For more information, be sure to check out our comprehensive review of the Amex Platinum card.

The Business Platinum Card® from American Express

Current welcome offer: Earn 150,000 bonus Membership Rewards points after spending $20,000 on eligible purchases within the first 3 months. TPG's August 2024 valuations estimate this bonus at a substantial $3,000.

Annual fee: $695 (see rates and fees)

Earning rates: Earn 5 Membership Rewards points per dollar on flights and prepaid hotel bookings at AmexTravel.com, 1.5 points per dollar on purchases of $5,000 or more and on select business categories — up to $2 million in combined purchases per year (then 1 point per dollar). Eligible business categories include electronics retailers, shipping services, software, cloud services, and construction materials and hardware.

Why we like it: Much like the Amex Platinum, the Amex Business Platinum card comes with no preset spending limit and offers numerous benefits that justify its annual fee. Enjoy premium airport lounge access and a range of annual statement credits for business, travel, and security program costs — including Clear Plus membership reimbursement and Global Entry or TSA PreCheck application fee reimbursement. Plus, gain complimentary Gold status with Marriott Bonvoy and Hilton Honors and earn 35% of your points back when using Pay with Points for eligible flights booked through Amex Travel.

Please note that some benefits require prior enrollment.

For more information, check out our detailed review of the Amex Business Platinum card.

American Express® Gold Card

Current welcome offer: Earn 60,000 Membership Rewards points after spending $6,000 in the first 6 months. Plus, get 20% back in statement credits on global restaurant purchases, up to $100, in the first 6 months. This offer ends Nov. 6. TPG's August 2024 valuations estimate this bonus is worth up to $1,300.

Annual fee: $325 (see rates and fees)

Earning rates: Earn 4 Membership Rewards points per dollar at restaurants — up to $50,000 annually (then 1 point per dollar), 4 points per dollar at U.S. supermarkets — up to $25,000 annually (then 1 point per dollar), 3 points per dollar on flights booked directly with airlines or via AmexTravel.com, and 1 point per dollar on all other purchases.

Why we like it: If you're a food lover, this card is perfect for you. Enjoy up to $120 in annual dining credits at popular merchants like Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar, and select Shake Shack locations. Add this card to your Uber account and get up to $120 in Uber Cash annually, which can be used for rides or Uber Eats orders in the U.S. You'll also receive up to $100 in Resy credits annually and up to $84 in Dunkin' credits annually. These perks come in addition to the Gold card's excellent earning rates at U.S. supermarkets and restaurants worldwide.

Please note that some benefits require prior enrollment.

For more information, be sure to check out our comprehensive review of the Amex Gold card.

American Express® Business Gold Card

Current welcome offer: Earn 100,000 bonus points after spending $15,000 on eligible purchases in the first three months. TPG's August 2024 valuations estimate this bonus at $2,000.

Annual fee: $375 (see rates and fees)

Earning rates: Earn 4 Membership Rewards points per dollar in the two categories where you spend the most each month, up to $150,000 annually (then 1 point per dollar). You'll also earn 3 points per dollar on flights and prepaid hotels booked through AmexTravel.com, and 1 point per dollar on all other purchases. Eligible categories include transit, U.S. purchases for online, TV and radio advertising, U.S. wireless phone service charges, gas stations, restaurants, and purchases from electronics retailers and cloud services.

Why we like it: This card is perfect for businesses eager to rack up rewards, with the potential to earn up to 600,000 points annually from bonus categories — equivalent to $12,000 based on TPG's August 2024 valuations.

For more information, check out our in-depth review of the Amex Business Gold card.

American Express® Green Card

Current welcome offer: Earn 40,000 Membership Rewards points after spending $3,000 in the first 6 months of card membership. TPG's August 2024 valuations estimate this bonus at $800.

Annual fee: $150

Earning rates: Earn 3 Membership Rewards points per dollar on worldwide restaurant purchases, 3 points per dollar on travel and transit, and 1 point per dollar on all other purchases.

Why we like it: If you're looking for a card that delivers a 6% return (according to our valuations) on all your travel, commuting, and transit purchases, this is the one. The Amex Green card stands out as one of the top choices for your daily commute. Additionally, you'll receive up to $100 in LoungeBuddy credits annually for airport lounge access, plus a reimbursement of up to $189 for your annual Clear Plus membership.

Please note that some benefits require prior enrollment.

For further details, check out our comprehensive review of the Amex Green card.

The information about the Amex Green card has been gathered independently by Dinogo. The card details on this page have not been reviewed or endorsed by the card issuer.

Business Green Rewards Card® from American Express

Current welcome offer: Earn 15,000 Membership Rewards points after spending $3,000 on eligible purchases within the first three months of card membership. TPG's August 2024 valuations estimate this bonus at $300.

Annual fee: $95

Earning rates: Earn 2 Membership Rewards points per dollar on purchases made through AmexTravel.com, and 1 point per dollar on all other purchases.

Why we like it: The Amex Business Green card may not offer the most glamorous perks, but it's a great option if you're after a card with no preset spending limit, a low annual fee, and access to Amex Offers. It's also handy for preserving your Amex points even if you close other accounts and can be an excellent choice for those looking to avoid impacting their 5/24 status.

For additional information, be sure to read our comprehensive review of the Amex Business Green card.

The details for the Amex Business Green card have been independently compiled by Dinogo. These details have not been reviewed or provided by the card issuer.

The Plum Card by American Express

Current welcome offer: No current offer

Annual fee: $250 (see rates and fees)

Earning rates: Earn 1.5% back as a statement credit on eligible purchases made within 10 days of your statement closing date.

Why we like it: Paying your bill in full and on time is a key rule in our 10 commandments of credit cards. The Amex Plum card rewards you for following this principle. Additionally, this business card allows you to set your preferred billing cycle dates for added flexibility.

For more information, check out our detailed review of the Amex Plum card.

Capital One Spark Cash Plus

Current welcome offer: Earn an unprecedented $2,000 cash bonus after spending $30,000 in the first three months. Plus, earn another $2,000 bonus for every $500,000 spent in the first year.

Annual fee: $150

Earning rates: Earn 5% cash back on hotels and rental cars booked through Capital One Travel, and 2% back on all other purchases.

Why we like it: If you're seeking a card with no preset spending limit and unlimited cash-back rewards, this is the one. On top of the generous earning rates, you'll get your $150 annual fee refunded each year when you make $150,000 or more in purchases.

For more information, read our full review of the Spark Cash Plus.

Learn more: Capital One Spark Cash Plus

Capital One Venture X Business

Current welcome offer: Earn a generous 150,000 bonus miles after spending $30,000 in the first three months. According to TPG's August 2024 valuations, this bonus is valued at $2,778.

Annual fee: $395

Earning rates: Earn 10 miles per dollar on hotels and rental cars booked via Capital One Travel, 5 miles per dollar on flights and vacation rentals booked through Capital One Travel, and 2 miles per dollar on all other purchases.

Why we like it: If you're after a card that earns a straightforward, unlimited 2 miles per dollar, this is a top choice. It also comes with a $300 annual travel credit when booking through Capital One Travel, effectively lowering the annual fee to $95. Additional perks include access to airport lounges and an annual bonus of 10,000 miles. For more details, check out our full review of the Venture X Business.

Learn more: Capital One Venture X Business

Ink Business Premier Credit Card

Current welcome offer: Receive a $1,000 bonus cash back after spending $10,000 on eligible purchases within the first three months of opening your account.

Annual fee: $195

Earning rates: Earn 5% cash back on purchases made through the Chase travel portal, 2.5% back on purchases of $5,000 or more, and 2% back on all other purchases.

Why we like it: Perfect for businesses that regularly make large transactions. Unlike the Amex Business Platinum, which caps earning rewards on purchases over $5,000 each year, this card allows for high-rate earnings with no limits. While you can't combine rewards with other Chase Ultimate Rewards cards, you can earn significant cash back and reinvest it into your business.

For more information, check out our comprehensive review of the Ink Business Premier card.

Frequently asked questions

You might be in the market for a card with no preset spending limit to better manage your credit and spending. Alternatively, you might already have your eye on a specific card due to its perks and rewards structure, without worrying much about the finer details. Below, we answer some of the most common questions regarding these cards.

What sets apart a no preset spending limit card from a regular credit card?

"No preset spending limit" cards work like regular credit cards in terms of making purchases and paying off your balance. However, credit cards come with a fixed spending limit, and you must pay down your balance before spending more. Cards without preset limits adjust to your spending history, credit status, and payment behavior. While they don't offer unlimited spending, the amount you can charge varies over time based on your financial patterns.

What factors should you consider when choosing the best no preset spending limit card?

There are plenty of great cards to choose from, but your ideal pick will depend on your travel preferences and financial needs. For those seeking a premium travel experience, the Amex Platinum or Amex Business Platinum are top contenders. On the other hand, if cash back is your priority, the Spark Cash Plus or Ink Business Premier are solid options.

How do no preset spending limit cards impact your credit score?

A major benefit of these cards is how they’re reported to the credit bureaus. Credit utilization, which makes up about 30% of your credit score, is typically calculated by dividing your card balance by your credit limit. However, with no preset spending limit cards, there's no fixed limit, making it impossible to calculate a utilization ratio. As a result, while your balances are reported to credit bureaus, they don’t directly impact your credit score—making these cards an excellent choice for high-spending businesses and individuals.

What are the advantages and disadvantages of using a no preset spending limit card?

The cards featured in this list stand out for offering some of the top welcome bonuses, reward categories, and perks available in the market. Using them can help you earn rewards faster or unlock exclusive, high-end travel experiences.

On the flip side, no preset spending limit cards are typically intended for users who pay off their balance in full each month (as you should with any credit card). While traditional credit cards allow you to carry a balance and accrue interest, no preset spending limit cards generally require full payment, with fees for not doing so. If you're unable to settle the full balance, these cards may not be ideal for you.

Who would benefit from using a no preset spending limit card?

If you're looking to maximize a welcome bonus, these cards offer some of the best. They're also well-suited for individuals or businesses that regularly handle large monthly expenses, helping to mitigate the impact of a hard pull on your credit score during the application process. With the bonus you earn, you can either fund a luxurious trip or reinvest in your business, depending on your objectives.

Final thoughts

When we talk about the best travel rewards cards, no preset spending limit cards and traditional credit cards often get grouped together due to their many similarities. Once you're clear on how they differ, you can leverage no preset spending limit cards to boost your credit score and enhance your earning potential.

Remember, you might find better offers through the CardMatch tool. These personalized offers can provide superior bonuses compared to those publicly listed, but they are tailored to individual users and can change at any moment.