No limit credit cards do not exist. All credit cards have some sort of limit at the end of the day. None give cardholders unlimited purchasing power. The closest thing to no-limit credit cards are no pre-set spending limit cards, which are essentially cards with no specified spending limit. With these cards, issuers will determine your purchasing power on a rolling basis, depending on a number of factors, including your balances and payment history.
The most exclusive no pre-set limit cards are rare and difficult to get a hold of, but they offer some of the best and most extravagant rewards for cardholders. From complimentary personal shoppers to private jet rides, these cards are the best of the best, and come with fees to match.
Most Exclusive No (Preset) Limit Credit Cards:
- American Express Centurion- $2,500 annual fee, available by invitation only.
- Citigroup Chairman American Express- $500 annual fee, available only to a small group of Citi’s private bank and investment unit clients.
- JP Morgan Palladium- $595 annual fee, exclusively offered to the wealthiest JP Morgan clients who already have private bankers assigned to them (card is made of palladium, a rare metal, and has 23-karat gold logos, names, and dates).
If you’re not invited to apply for one of these no pre-set limit cards, there are still plenty of high-limit cards for you to choose from. And even if you can’t get an unlimited spending limit, you can always request a higher credit limit.
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