MoneyGeek's Take

Best Business Charge Credit Cards for No Preset Spending Limit in 2022

The best business charge cards come with the freedom of not having to deal with preset spending limits. Some of the top ones let you earn rewards or cash back. However, these cards tend to come with annual fees.

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This article is part of our larger series on Best Business Credit Cards

Business charge cards with no preset spending limit are typically reserved for those with excellent credit since you usually can’t carry balances over from month to month. But these cards often give you the ability to make large purchases with ease. Like other, more traditional credit cards, many of the best business charge cards offer the ability to earn rewards or cash back.

Plus, the top business charge cards come with no foreign transaction fees, which is perfect if you plan to use yours outside of the country. The Capital One Spark Cash Plus Card fits this bill, as does the American Express Plum Card.

While you typically need to pay business charge cards off in full each month, a few offer payment flexibility. Other aspects that need your attention when selecting a suitable card include welcome offers, APRs (if applicable), cash back/reward rates and added benefits.

This article is part of our larger series on
Best Business Credit Cards

MoneyGeek’s Take: Top 3 Business Charge Cards

Quick Summary

The best no preset spending limit charge cards for businesses let you capitalize on your business-related spending by earning cash back or rewards. Some even offer higher earn rates when you make purchases across specific bonus categories. The top cards from this segment come with welcome offers that give you the opportunity to earn bonus reward points or cash back. We have taken these factors into consideration and have also paid attention to APRs, annual fees and foreign transaction fees to select the best of the lot.

You may view other good business charge cards by scrolling further down the page.


  • Capital One Spark Cash Plus

    Excellent card for earning unlimited rewards through employee spending


    • ExcellentCredit Needed
    • $150Annual Fee
    • 2% Cash BackRewards Rate
    • 2xRewards Rate on Gas
    • 2xRewards Rate on Groceries

    Terms, rates and fees apply

    Compare this credit card with other top-rated secure cards from our partners.

  • American Express Plum Card

    Great no preset spending limit card with flexible payback methods


    • Good-ExcellentCredit Needed
    • $250Annual Fee
    • 1.5% Cash BackRewards Rate
    • 1.5xRewards Rate on Groceries
    • 1.5xRewards Rate on Gas

    Terms, rates and fees apply

    Compare this credit card with other top-rated cards from our partners.

  • American Express Business Gold Card

    A dynamic rewards card for high-spending business owners


    • Good-ExcellentCredit Needed
    • $295Annual Fee
    • 1–4 Points per $1Rewards Rate
    • 1xRewards Rate on TV, Phone, Internet Services
    • 4xRewards Rate on Gas

    Terms, rates and fees apply

    Compare this credit card with other top-rated cards from our partners.

Summary of the Best Business Charge Cards for No Preset Spending Limit

Go through this business charge card comparison table to determine which of the top ones might be a good fit for you based on factors such as annual fees, APRs and cash back/rewards rates.

  • Credit Card
    Best For
    Avg. Reward Rate
    Annual Fee
    Credit Needed
  • Capital One Spark Cash Plus
    Excellent card for earning unlimited rewards through employee spending
    2% Cash Back
    $150
    Excellent
  • American Express Plum Card
    Great no preset spending limit card with flexible payback methods
    1.5% Cash Back
    $250
    Good-Excellent
  • American Express Business Gold Card
    A dynamic rewards card for high-spending business owners
    1–4 Points per $1
    $295
    Good-Excellent
  • American Express Business Platinum Card
    A good business card for premium travel benefits
    1–5 Points per $1*
    $595
    Good-Excellent
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MONEYGEEK PRO TIP

Charge cards offer generous flexibility with making large purchases, but business owners need to be aware that the balance must be paid off in full each month. Look for “pay over time” offers if you need extra time to pay off your charges. -- Lee Huffman, credit card expert at BaldThoughts.com.

About Our Rankings

Each month, experts at MoneyGeek comb through our extensive database in their search for new and existing business charge cards. The in-depth comparison that follows to select the top ones considers key aspects such as annual fees, APRs, cash back/rewards rates, foreign transaction fees and additional benefits.

If you feel you might benefit more by using a personal charge card, consider taking a look at our selection of the best NPSL/charge cards for consumers.

Top Rating Criteria for Business Charge Cards

annualFee
Annual Fee
lowInterestAPR
APR
rewards
Rewards Rate

How to Compare Business Charge Credit Cards & Intro Offers

It's common for the best charge cards for businesses to have no preset spending limits, but they come with important differences as well. As a result, you need to pay attention to multiple aspects before making a selection.

1

Annual fee

While the top business charge cards come with annual fees, there’s a noticeable difference between both ends of the spectrum. For instance, if you get the Capital One Spark Cash Plus Card, you need to pay an annual fee of $150. The American Express Business Platinum Card, on the other hand, charges a $595 annual fee (which is set to increase to $695 if you apply on or after 1/13/2022).

2

APR

The APR comes into play if your purchases qualify for a pay-over-time feature, as is the case with American Express Business Gold Card and the American Express Business Platinum Card. The APRs that Amex assigns to these cards depend on the cardholder’s creditworthiness. Other charge cards assess a penalty, instead of interest, on the unpaid balance if you don't pay your balance in full each month.

3

Welcome offer

The top business charge cards have welcome offers for new cardholders. For example, the American Express Plum Card comes with a welcome bonus of a $500 statement credit that you may earn by spending $15,000 on purchases in the first three months. The Capital One Spark Cash Plus Card, on the other hand, offers a $500 early spend bonus if you spend $5,000 in the first three months and an additional $500 if you spend $50,000 in the first six months.

4

Rewards/cash back rate

Determine if you might benefit more from earning a high flat rate or even higher rates when you spend across specific categories. The Capital One Spark Cash Plus Card offers 2% cash back on all business purchases. The American Express Plum Card offers 1.5% cash back on the part of the balance you pay within 10 days of your statement closing date. The American Express Business Gold Card, on the other hand, offers up to 4x reward points per dollar on category-based spending.

5

Foreign transaction fees

The best business charge cards come with no foreign transaction fees. However, many banks charge up to 3% for purchases made outside of the U.S. For example, the Amex Business Green Rewards Card, a card that does not make the cut, charges a 2.7% foreign transaction fee.

6

Late fees

If you fail to pay off your balances in full each month (other than those that qualify for payments over time), expect to pay a late fee. This is typically charged as a percentage of the unpaid amount.

7

Added features/perks

No matter which of the top business charge cards you get, you can expect access to various expense management tools. Other card-specific features/benefits might come in the form of purchase protection, extended warranty, the ability to select your own due date, free employee cards, elevation in status of loyalty programs and travel insurance coverage.

Further Reading

About the Author


expert-profile

Rajiv Baniwal has been writing about different financial topics for over 15 years. Meticulous in his research, he makes sure he provides accurate and up-to-date information. His areas of expertise include mortgages, personal loans, credit cards, insurance and international money transfers.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.