Are there any no limit credit cards?

There aren’t any no-limit credit cards, as all cards have some sort of credit limit. The closest thing to a no-limit credit card is a card with no preset spending limit, which has a flexible limit that’s determined on a rolling basis, depending on factors such as your balance and payment history. That does not mean you have unlimited spending power, though.

Notable Cards with No Preset Spending Limit

Initial bonus: None

Ongoing rewards: 1 point per $1 spent on all purchases

Annual fee: $5,000

Recommended credit: Excellent (available by invitation only)

Initial bonus: You may be eligible to earn as high as 175,000 points for spending $8,000 on eligible purchases within the first 6 months (welcome offers vary and you may not be eligible for an offer; apply and, if approved, find out your offer amount and accept the card with your offer, spend $8,000 in 6 months, and receive the points).

Ongoing rewards: 5 points per $1 spent on flights booked with airlines or with American Express Travel® (up to $500,000 spent per year), 5 points per $1 spent on prepaid hotels booked with American Express Travel®, and 1 point per $1 spent on all other eligible purchases

Annual fee: $895

Credit score: Good

Initial bonus: You may be eligible to earn as high as 100,000 points for spending $6,000 on eligible purchases within the first 6 months (welcome offers vary and you may not be eligible for an offer; apply and, if approved, find out your offer amount and accept the card with your offer, spend $6,000 in 6 months, and receive the points).

Ongoing rewards: 4 points per $1 at U.S. supermarkets (up to $25,000 spent per year), 4 points per $1 at restaurants worldwide (up to $50,000 spent per year), 3 points per $1 on flights booked directly with airlines or on AmexTravel.com, 2 points per $1 spent on prepaid hotels and other eligible purchases booked on AmexTravel.com, as well as 1 point per $1 on all other eligible purchases

Annual fee: $325

Credit score: Good

Initial bonus: 200,000 points for spending $20,000 in eligible purchases within the first 3 months of account opening.

Ongoing rewards: 5 points per $1 spent on flights and prepaid hotels booked on AmexTravel.com, 2 points per $1 on U.S. construction material and hardware suppliers, U.S. electronic goods retailers, U.S. software & cloud providers, U.S. shipping, as well as on other eligible purchases of $5,000 or more (up to $2 million of these purchases per year combined), and 1 point per $1 on all other eligible purchases

Annual fee: $895

Credit score: Good

What Does No Preset Spending Limit Mean?

No preset spending limit means that the amount you can spend changes from month to month. For example, one month you might have a $25,000 limit, and the next you might have a limit of $20,000 or $30,000.

With an NPSL card, the cardholder typically doesn’t even know what their current limit is, though they might be able to find out by contacting their issuer or by setting up alerts for when their balance is running low.

NPSL cards tend to offer a lot of spending power and are usually targeted toward people with good or excellent credit and high incomes. They also often come with very high annual fees but lucrative rewards, as you can see from the list below.

Pros and Cons of No Preset Spending Limit Cards

Alternatives to No Preset Limit Cards

If you’re not invited or don’t meet the prerequisites to apply for a no preset limit card, there are still plenty of high limit credit cards for you to choose from. The best high limit credit cards offer spending limits of $10,000+, and some cards have even reportedly offered limits of $100,000+ to people who have excellent credit and a very high income.

In addition, remember that even though you can’t get unlimited spending from any card, you can always request a credit limit increase. You can also consider opening additional credit cards to spread out your spending power instead of having it all concentrated in one account.

Just keep in mind that issuers will only offer you the amount of spending power they think you can afford based on your existing debts, income, and credit history. So if you want to be able to spend more, focus on having a perfect payment history, raising your income, and reducing your debts.

I personally have seen a black card with no limit. It was just listed as “revolving credit", and happened to be completely open with no debt. Infact, the gentleman whom owned that particular line of credit, a very wealthy engineer with his own, very large and thriving company, had 6 lines of credit. One from each major name US bank you could think of: Amex, Chase/JPMorgan, Wells Fargo, BofA, CitiBank, and I believe a Capital One. *NOT A SINGLE CARD THAT HE OWNED HAD A CREDIT LINE LESS THEN 250,000!* On top of numerous other several hundred thousand dollar, all the way to multimillion dollar assets. He only even had a few thousand dollars worth of debt on 2 of his cards, 1 car payment and paying on his (I believe third) multimillion dollar house. ??‍♀️ But yes, open lines with no limit DO actually exist. I wouldn't believe it my damn self if it hadn't been his credit report that I was looking at.