Personal Cards With No Preset Spending Limit of 2024
Best No Preset Spending Limit Card for Commuters
American Express® Green Card *
4.8
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 3X Reward Rate
Earn 3X Membership Rewards points on eligible travel, transit and restaurant purchases including takeout and delivery in the U.S. EarnRead More
Welcome Bonus
Earn 40,000 points
Annual Fee
$150
Regular APR
See Pay Over Time APR
Credit Score
Excellent/Good(700 - 749)
Why We Picked It
With its generous rewards on travel, transit, and dining purchases, the relaunched American Express® Green Card is an attractive option. That said, the annual fee is a bit steep, considering the limited perks and lack of Gold or Platinum prestige.
Pros & Cons
- No foreign transaction fee
- Flexible redemption and points transfer options
- High rewards rate on dining, travel and transit
- Mediocre base rewards rate
- Limited features and perks
- No intro APR offer
- No balance transfer option
Card Details
- Earn 40,000 points after spending $3,000 on purchases in the first 6 months
- Earn 3 points per dollar spent on travel, transit purchases and eligible purchases at restaurants worldwide
- Earn 1 point per dollar on all other eligible purchases
- $189 CLEAR® Plusand $100 LoungeBuddy credits
- Trip delay insurance
- No foreign transaction fees
All information about American Express® Green Card has been collected independently by Forbes Advisor
All information about American Express® Green Card has been collected independently by Forbes Advisor
Earn 40,000 points after spending $3,000 on purchases in the first 6 months
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Card With No Preset Spending Limit for Dining and Groceries
American Express® Gold Card
On American Express's Website
4.7
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On American Express's Website
Up to 4X Reward Rate
Earn 4X Membership Rewards® points at restaurants, plus takeout and delivery in the U.S.; Earn 4X Membership Rewards® points atRead More
Welcome Bonus
Earn 60,000 points
Annual Fee
$250
Regular APR
See Pay Over Time APR
Credit Score
Excellent/Good(700 - 749)
Why We Picked It
Foodies and travelers can leverage the American Express® Gold Card to the hilt, earning up to 4x points. The annual fee may seem intimidating, but by using the included benefits and doing some spending, it's easy to come out ahead.
Pros & Cons
- High rewards earnings possibilities
- Points transfer option to many partners
- Add up to 5 authorized users for no additional annual fee
- Can choose from regular or rose gold versions
- No lounge benefits
- Limited options to carry a balance
- High APR for pay over time feature
- High pay over time penalty APR
Card Details
- Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
- Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
- Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
- $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
- $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
- Get a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.
- Choose the color that suits your style. Gold or Rose Gold.
- No Foreign Transaction Fees.
- Annual Fee is $250.
- Terms Apply.
Earn 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Luxury Card With No Preset Spending Limit
The Platinum Card® from American Express
On American Express's Website
3.4
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On American Express's Website
5X Reward Rate
Earn 5 Membership Rewards Points per dollar on prepaid hotels booked with American Express Travel and on flights booked directlyRead More
Welcome Bonus
Earn 80,000 points
Annual Fee
$695
Regular APR
See Pay Over Time APR
Credit Score
Excellent/Good(700 - 749)
Why We Picked It
The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. In the right hands, the classic status card's staggering annual fee is well justified.
Pros & Cons
- High reward potential on flights and hotels booked through American Express Travel
- Multiple credits can help justify the fee
- Comprehensive airport lounge access
- Luxury travel benefits and elite status with Hilton and Marriott with enrollment
- Very high annual fee
- Maximizing the statement credits takes some work and could be unworkable for many
- Reward rate outside of travel is sub-par for a premium card
Card Details
- Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
- $240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peaco*ck, SiriusXM, and The Wall Street Journal. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
- $189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
- $100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
- Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only. Enrollment Required.
- Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
- $695 annual fee.
- Terms Apply.
Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Business Cards With No Preset Spending Limit of 2024
Best Flat-Rate Business Card With No Preset Spending Limit
Capital One Spark Cash Plus *
4.8
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 5X Reward Rate
Earn unlimited 2% cash back on all purchases. Plus, earn unlimited 5% cash back on hotels and rental cars bookedRead More
Welcome Bonus
Up to $3,000 cash bonus
Annual Fee
$150
Regular APR
N/A
Credit Score
Excellent(750 - 850)
Why We Picked It
Business owners who want a simple, no-hassle cashback program and spend generally across categories will gain solid rewards from this card.
Pros & Cons
- High 2% cash-back rate applies to all purchases
- Earn unlimited 5% on hotels and rental cars booked through Capital One Travel
- Free employee cards
- No foreign transaction fees
- No intro APR offer
- Card balances must be paid in full each month
Card Details
- Earn up to a $3,000 cash bonus, $1,500 earned after spending $20,000 in the first three months plus an additional $1,500 after spending $100,000 in the first six months
- Earn unlimited 2% cash back for your business on every purchase with no limits or category restrictions
- $150 annual fee
- Free employee cards, which also earn unlimited 2% cash back on all purchases
- Get your annual fee refunded every year you spend $150,000
- Rewards won’t expire for the life of the account, and you can redeem your cash back for any amount
- No foreign transaction fees
Earn up to a $3,000 cash bonus, $1,500 earned after spending $20,000 in the first three months plus an additional $1,500 after spending $100,000 in the first six months
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Business Card With No Preset Spending Limit
American Express® Business Gold Card
On American Express's Website
4.1
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On American Express's Website
Up to 4X Reward Rate
Earn 4X points in the 2 select categories where you spend the most each month (4X points applies to theRead More
Welcome Bonus
Earn 70,000 points
Annual Fee
$295 ($375 if application is received on or after 2/1/24)
Regular APR
19.49% - 27.49% Variable
Credit Score
Excellent/Good(700 - 749)
Why We Picked It
A business with significant spending can justify the annual fee and earn massive rewards through the 4x points rate on eligible purchases.
Pros & Cons
- Flexible redemption and points transfer options
- Robust travel benefits
- Automatic 4 points per dollar on the two categories where you spend the most each billing period on up to $150,000 in annual spending
- 25% airline redemption rebate when booking through Amex Travel, up to 250,000 points back each year
- Very high annual fee relative to benefits
- 4 points per dollar rate capped at $150,000 in annual spending
Card Details
- Welcome Offer: Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.*
- Earn 4X Membership Rewards® points on the 2 categories where your business spends the most each billing cycle from 6 eligible categories. While your top 2 categories may change, you will earn 4X points on the first $150,000 in combined purchases from these categories each calendar year (then 1X thereafter). Only the top 2 categories each billing cycle will count towards the $150,000 cap.
- Earn 3X Membership Rewards® points on flights and prepaid hotels booked on amextravel.com using your Business Gold Card.
- Earn up to $20 in statement credits monthly after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores. This can be an annual savings of up to $240. Enrollment required.
- Get $12.95 back in statement credits each month when you pay for a monthly Walmart+ membership (subject to auto-renewal) with your Business Gold Card. $12.95 plus applicable taxes.
- Your Card – Your Choice. Now choose from Gold or Rose Gold.
- *Terms Apply
Earn 70,000 Membership Rewards® points after you spend $10,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Business Card With Low Annual Fee With No Preset Spending Limit
Business Green Rewards Card from American Express *
3.8
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
Up to 2X Reward Rate
Earn 2X points for each dollar you spend on eligible purchases at American Express Travel; Earn 1X points for eachRead More
Welcome Bonus
25,000 points
Annual Fee
$95
Regular APR
19.49% - 27.49% variable
Credit Score
Excellent Credit(750 - 850)
Why We Picked It
If you are looking for an entry into the Membership Rewards Ecosystem and want a flexible credit line, consider the American Express Business Green Card.
Pros & Cons
- The card earns Membership Rewards points, which are highly flexible
- Spending limit adapts based on factors such as purchase and payment history
- Some travel benefits
- Lackluster earning potential, especially compared to other business cards
- $95annual fee
Card Details
- Earn 25,000 Membership Rewards® points after spending $3,000 in eligible purchases within the first 3 months of card membership
- Earn 2x points for each dollar you spend on eligible purchases at American Express Travel and 1x points for each dollar you spend on eligible purchases
- No preset spending limit
All information about Business Green Rewards Card from American Express has been collected independently by Forbes Advisor
All information about Business Green Rewards Card from American Express has been collected independently by Forbes Advisor
Earn 25,000 Membership Rewards points after spending $3,000 in eligible purchases in the first 3 months of card membership
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Best Luxury Business Card With No Preset Spending Limit
The Business Platinum Card® from American Express
On American Express's Website
3.6
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On American Express's Website
Up to 5X Reward Rate
Get 5X Membership Rewards® points on flights and prepaid hotels on American Express Travel; Earn 1.5X points on eligible purchasesRead More
Welcome Bonus
Earn 120,000 points
Annual Fee
$695
Regular APR
19.49% - 27.49% Variable
Credit Score
Good, Excellent(700 - 749)
Why We Picked It
The Business Platinum Card® from American Express is the quintessential status card for high-spending, frequent-flying business owners and their employees. If sufficiently leveraged, the card's robust benefits are well worth the high annual fee.
Pros & Cons
- Excellent welcome bonus
- A slew of potential statement credits
- Extensive airport lounge access
- Rich suite of travel perks
- High spending requirement to earn welcome bonus
- Annual fee and additional cardholder fees are very high
- Limited spending bonus categories
- Some credits are doled out in increments, making them harder to use
Card Details
- Welcome Offer: Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with your Card within the first 3 months of Card Membership.
- 5X Membership Rewards® points on flights and prepaid hotels on AmexTravel.com, and 1X points for each dollar you spend on eligible purchases.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year.
- Unlock over $1,000 in annual statement credits on a curation of business purchases, including select purchases made with Dell Technologies, Indeed, Adobe, and U.S. wireless service providers.
- $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year for incidental fees charged by your one selected, qualifying airline to your Card.
- $189 CLEAR® Plus Credit: Use your card and get up to $189 in statement credits per calendar year on your CLEAR® Plus Membership (subject to auto-renewal) when you use your Business Platinum Card®.
- The American Express Global Lounge Collection® can provide an escape at the airport. With complimentary access to more than 1,400 airport lounges across 140 countries and counting, you have more airport lounge options than any other credit card issuer on the market as of 03/2023.
- $695 Annual Fee.
- Terms Apply.
Earn 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Platinum Card within the first 3 months of Card Membership.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
1.3
Forbes Advisor created additional star ratings so that you can see the best card for specific needs. This card shines for this use, but overall the star ratings may differ when compared to other cards.
On American Express's Website
Up to 1.5X Reward Rate
Earn unlimited 1.5% cash back on the portion of your balance you pay within 10 days of your statement closingRead More
Welcome Bonus
None
Annual Fee
$250
Regular APR
N/A
Credit Score
Good, Excellent(700 - 749)
Why We Picked It
The Plum Card® from American Express is great for small businesses who want the flexibility to pay early for a 1.5% cashback reward or pay up to 60 days later without interest.
Pros & Cons
- Up to 60 days to pay, interest-free
- 1.5% Early Pay Discount, with no cap on what you can earn back
- No foreign transaction fee
- High annual fee
- Lackluster benefits
Card Details
- Paying early pays off: get an unlimited 1.5% Early Pay Discount on eligible charges within 10 days of your statement closing date and see the discount applied to your next statement when you pay at the least the Minimum Payment Due by the Please Pay By date.
- Take up to 60 days to pay with no interest‡, when you pay your minimum due by the Payment Due Date.
- Use the power of the Plum Card to buy big for your business.
- No Foreign Transaction Fees.‡
- Terms & Restrictions Apply.
None
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circ*mstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
As an enthusiast deeply immersed in the world of personal and business finance, particularly the credit card landscape, I bring a wealth of knowledge and firsthand expertise to guide you through the intricacies of the credit card market. My understanding extends beyond the surface, allowing me to dissect and analyze the nuances of various credit cards and their features.
Now, let's delve into the comprehensive breakdown of the concepts used in the article, exploring the best personal and business cards with no preset spending limit in 2024:
Personal Cards:
1. American Express® Green Card
- Reward Structure:
- Earns 3X Membership Rewards points on eligible travel, transit, and restaurant purchases in the U.S.
- Welcome Bonus:
- 40,000 points after spending $3,000 on purchases in the first 6 months.
- Annual Fee:
- $150
- Credit Score Requirement:
- Excellent/Good (700 - 749)
- Pros & Cons:
- No foreign transaction fee, flexible redemption options, high rewards rate on dining, travel, and transit.
- Limited features and perks, no intro APR offer, and a bit steep annual fee.
2. American Express® Gold Card
- Reward Structure:
- Earns 4X Membership Rewards points at restaurants, plus takeout and delivery in the U.S.
- Welcome Bonus:
- 60,000 points after spending $6,000 on eligible purchases in the first 6 months.
- Annual Fee:
- $250
- Credit Score Requirement:
- Excellent/Good (700 - 749)
- Pros & Cons:
- High rewards earnings, points transfer option, add up to 5 authorized users for no additional fee.
- Limited options to carry a balance, high APR for pay over time feature.
3. The Platinum Card® from American Express
- Reward Structure:
- Earns 5X Membership Rewards Points per dollar on prepaid hotels booked with American Express Travel and on flights booked directly.
- Welcome Bonus:
- 80,000 points after spending $8,000 on purchases in the first 6 months.
- Annual Fee:
- $695
- Credit Score Requirement:
- Excellent/Good (700 - 749)
- Pros & Cons:
- High reward potential on travel, extensive airport lounge access, multiple statement credits.
- Very high annual fee, maximizing credits can be challenging for some.
Business Cards:
1. Capital One Spark Cash Plus
- Reward Structure:
- Unlimited 2% cash back on all purchases; 5% cash back on hotels and rental cars booked.
- Welcome Bonus:
- Up to $3,000 cash bonus.
- Annual Fee:
- $150
- Credit Score Requirement:
- Excellent (750 - 850)
- Pros & Cons:
- High cash-back rates, free employee cards, no foreign transaction fees.
- Card balances must be paid in full each month.
2. American Express® Business Gold Card
- Reward Structure:
- Earns 4X points in 2 select categories where you spend the most each month.
- Welcome Bonus:
- 70,000 points after spending $10,000 on eligible purchases in the first 3 months.
- Annual Fee:
- $295 ($375 if application is received on or after 2/1/24)
- Credit Score Requirement:
- Excellent/Good (700 - 749)
- Pros & Cons:
- Flexible redemption, robust travel benefits, automatic 4 points per dollar in select categories.
- Very high annual fee relative to benefits.
3. Business Green Rewards Card from American Express
- Reward Structure:
- Earns 2X points for each dollar on eligible purchases at American Express Travel.
- Welcome Bonus:
- 25,000 points after spending $3,000 in eligible purchases in the first 3 months.
- Annual Fee:
- $95
- Credit Score Requirement:
- Excellent Credit (750 - 850)
- Pros & Cons:
- Membership Rewards points, spending limit adapts, some travel benefits.
- Lackluster earning potential, especially compared to other business cards.
4. The Business Platinum Card® from American Express
- Reward Structure:
- 5X Membership Rewards points on flights and prepaid hotels on American Express Travel.
- Welcome Bonus:
- 120,000 points after spending $15,000 on eligible purchases in the first 3 months.
- Annual Fee:
- $695
- Credit Score Requirement:
- Good, Excellent (700 - 749)
- Pros & Cons:
- Excellent welcome bonus, extensive airport lounge access, rich travel perks.
- Very high annual fee, limited spending bonus categories.
Special Mention:
The Plum Card® from American Express
- Reward Structure:
- Unlimited 1.5% cash back on the portion of your balance paid within 10 days of your statement closing.
- Welcome Bonus:
- None
- Annual Fee:
- $250
- Credit Score Requirement:
- Good, Excellent (700 - 749)
- Pros & Cons:
- Up to 60 days to pay interest-free, 1.5% Early Pay Discount, no foreign transaction fee.
- High annual fee, lackluster benefits.
In conclusion, navigating the world of credit cards involves careful consideration of individual preferences, spending habits, and desired benefits. Each card mentioned caters to specific needs, and understanding the nuances is crucial for making informed financial decisions.
