Michael Battle, WalletHub Credit Card Analyst
The Amex Gold card has no preset spending limit, which means the spending power is determined on a month-to-month basis, depending on the cardholder’s previous spending habits, income, payment history and other factors. This does not mean that consumers are able to spend limitlessly with a no preset spending limit. Amex Gold cardholders are given a flexible spending capacity, rather than a specific one.
More info about the Amex Gold card NPSL
While not having a preset spending limit (NPSL) can offer you some flexibility, it can be difficult in emergency situations. You can know roughly what you’re able to spend based on past months, but with most NPSL cards, you never know exactly when a future purchase will be declined.
American Express makes it easier to plan for future purchases, though. If you're unsure whether a large purchase will be approved or not, simply use the Check Spending Power tool in your online account or mobile app.
Alternatives to No Preset Spending Limit
If you’d rather get a card with a set credit limit, some good rewards card options from Amex include the Amex Cash Magnet Card, Blue Cash Preferred® Card from American Express and the Blue Cash Everyday® Card from American Express.
American Express® Gold Card
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