Best business credit cards with no preset spending limit

Though many business credit cards come with preset spending limits that put a cap on how much you can owe, others offer more flexibility. Charge cards, for example, let you make as many purchases as you want throughout the month, at the cost of paying in full after each billing cycle. There are also business credit cards with no preset spending limit that let you pay for eligible purchases over time, although rates and terms for these cards vary.

If this feature is important to your business,  there are several business credit cards and charge cards that are worth considering.

Comparing the best business cards with no spending limits

*1.5X points on the Business Platinum Card from American Express includes purchases at U.S. construction material, hardware suppliers, electronic goods retailers, software and cloud system providers, shipping providers and all purchases of $5,000 or more (purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus).

Top business cards with no preset spending limit

Best for payment flexibility

The Plum Card® from American Express

Rating: 4.2 stars out of 5

4.2

• Bankrate’s view

  The Plum Card® from American Express offers a 1.5 percent discount on eligible charges when you pay your bill within 10 days of the statement closing date. This unique style of rewards focuses more on saving you money than on providing points or cash back. Business owners also get 60 days to pay their balance without interest when they pay at least the minimum payment on their card by the payment due date.

• Pros and cons

  

  Pros

  • A discount on eligible charges removes the extra step of redeeming rewards without losing the benefit of cash back or points.
  • Enjoy up to 60 days of interest-free payments when you pay at least the minimum amount due, letting you stretch your balance further than typical credit cards.

  

  Cons

  • You don’t have the option to carry long-term debt on this card since it’s a charge card.
  • It isn’t the highest annual fee, but $250 is a steep commitment for only a 1.5 percent discount on eligible purchases.

Best for earning cash back

Capital One Spark Cash Plus

Rating: 4.7 stars out of 5

4.7

• Bankrate’s view

  The Capital One Spark Cash Plus is great for earning cash back since it offers a solid flat rate on all purchases and boosted cash back for Capital One Travel purchases. You can also earn an incredibly generous welcome bonus with a high level of spending: $2,000 back for spending $30,000 in the first three months, and an additional $2,000 for every $500,000 spent in the first year. This dynamic welcome offer makes this card one of the best options for businesses that spend upwards of $1 million every year with their cards.

• Pros and cons

  

  Pros

  • Its generous rewards structure and welcome offer make it a top choice for heavy spenders who might otherwise be limited by rewards spending caps.
  • You can earn your annual fee back each year you spend $150,000 or more on purchases.

  

  Cons

  • You must pay your balance in full every month, which could be difficult if income is tight during a period of heavy spending.
  • It has a very high spending requirement to earn the welcome offer, which could lead some potential cardholders to overspend.

Best for maximizing rewards

American Express® Business Gold Card

Rating: 5 stars out of 5

5

• Bankrate’s view

  The American Express® Business Gold Card is a stellar option for maximizing rewards since it earns points in the highly flexible American Express Membership Rewards program. It’s a great card if you’re a business owner who spends a lot in the card’s bonus categories each year because it will reward you with valuable Amex points you can use for merchandise, gift cards, travel through American Express Travel or even points transfers to Amex airline and hotel partners.

• Pros and cons

  

  Pros

  • Its exceptional rewards rate for eligible business spending can help you rack up a hefty pile of points without much spending.
  • It earns flexible American Express Membership Rewards points which are some of the most valuable credit card rewards points.

  

  Cons

  • You’ll need to pay a $375 annual fee, which is among the highest annual fees.
  • The rewards cap in bonus categories can hinder rewards earnings for big spenders and could prompt you to need another credit card so you don’t miss out on rewards.

Best for luxury travel perks

The Business Platinum Card® from American Express

Rating: 4.8 stars out of 5

4.8

• Bankrate’s view

  The Business Platinum Card® from American Express is great for frequent travelers who want luxury perks and no spending limit. This card comes with broad airport lounge access and plenty of perks and credits to get you close to offsetting its high annual fee. Its boosted rewards rate is slightly lackluster for everyday business purchases, but it can be a good card for large bulk purchases because of its 1.5X points on all purchases of $5,000 or more.

• Pros and cons

  

  Pros

  • Its luxury travel benefits, such as airport lounge access, provide a nice cushion for cardholders looking for ways to make this card worthwhile.
  • Earns flexible Amex Membership Rewards points, redeemable for travel or to transfer to partnering hotels and airlines.

  

  Cons

  • Its $695 annual fee is probably the highest annual fee on any credit card, making it difficult to justify if you’re only looking at its ongoing rewards rates.
  • Lackluster rewards rates keep this card from coming out ahead of other options.

How to choose a business card with no preset limit

Your choice of a new business credit card should come down to the value of the card features, including rewards categories, annual fees, welcome offers and perks. But make sure the card fits your spending needs. Just because a card earns 5 percent back in any given category doesn’t make it a good fit for your wallet (unless that category is one you spend frequently in).

Alternatively, if you want to keep things simple and don’t want to track category spending or perks and benefits, look for a card with the most simplistic, flexible rewards program. This way, you can earn a fair share of rewards and focus on what matters most to you: building your business.

Frequently asked questions about cards with no spending limit

• Is it good to have a credit card with no preset spending limit?

  Having a credit card with no preset spending limit can offer increased buying power and flexibility, especially if you tend to make large purchases. It can also help you maintain a lower credit utilization ratio, which may benefit your credit score. However, these cards usually require excellent credit, may have annual fees and can encourage overspending since there’s no set limit. They also typically need to be paid in full monthly, which is less flexible than traditional cards.

• What does no preset spending limit mean on a credit card?

  A credit card with no preset spending limit offers flexible spending limits that adjust with your financial behavior and credit profile. They’re typically not unlimited spending limits; limits can change based on your usage and payment history, providing more buying power without formal limit increase requests.

The bottom line

If you’re looking for a business credit card with no preset spending limit, you’ll want to focus your search on charge cards and business credit cards from American Express. Cards that fall in this category may let you charge whatever you want with no preset limits at all, or at least get a spending limit that is tailored to the way your company spends on a regular basis.

When you look at cards in this niche, consider which perks they offer and how their reward rates might work in your favor. Many cards with no preset spending limit offer a discount on your bill, cash back or flexible points, so you’ll want to think over what you want from your card before you decide.