Ask. Best Answer: No pre-set spending limits are usually for charge cards like American Express Green or Gold. ... BCE 15K limit, ... No Pre-Set Spending Limit does not mean unlimited spending. ... T he ad phrase no preset spending limit ... What does that mean? Many consumers, normally with excellent credit, take this popular credit and charge card feature to mean We have, as a security measure, monthly spending limits. People think NPSL cards, such as Visa Signature credit cards, World MasterCard credit cards and charge cards from Chase and American Express, provide the ability to spend without limit. No Pre-Set Spending Limit Credit Card Study. Best answer for what does no limit mean. Manage your spending limit with the Sprint Account Spending Limit Program. ... No pre-set spending limit does not mean unlimited spending. Usually a charge card will not allow you to carry a balance month to month which means you have to pay in full every month. Credit cards with no preset spending limit don't have a defined credit limit (American Express) Does Credit Repair Work? Black card). "No preset spending limit" doesn't mean unlimited spending potential, as the fine print for these cards will tell you. ... Having no pre-set spending limit means the bank does not impose a No Pre Set Spending Limit does not mean unlimited spending; rather each charge that causes your Account balance to exceed your Revolving Credit Line Dear Creditnet: I get credit card offers in the mail all the time that say they have no pre-set spending limits. ... How do I pay with my landline phone? What does no limits mean? No pre-set spending limit does not mean unlimited spending. Is your credit card without a pre-set limit ruining your credit score? A No Preset Spending Limit (NPSL) credit card has a defined spending limit that can be exceeded. Borrowers with a good credit history can typically qualify for a credit card with the No Preset Spending Limit feature. Instead, each applicant gets a spending limit based on several factors including payment history, past spending habits, credit history, and income. What is a spending limit? Does not guarantee monthly payment amount, ... Account owner to be present. Most people would assume no preset spending limit means you have unlimited purchasing power with that credit card. It is easy to confuse no preset spending limit as unlimited spending masterful wording to trick consumers. Having no preset spending limit was considered an attractive perk because it was often found with luxury cards such as the American Express Centurion card (a.k.a. Get convenient tools and a pre-set spending limit to help manage your wireless account and your monthly budget. The Best Credit Cards with High Credit Limits. Email address. No pre-set limit means you can charge whatever you want. However, the fact that no credit limit is conveyed does not mean that spending No Preset Spending Limit Doesnt Equal Unlimited Credit. Some credit cards some with no preset spending limit instead of a set limit, but that doesn't mean you can spend as much as you want to. Dear Creditnet: I get credit card offers in the mail all the time that say they have no pre-set spending limits. There are several credit and charge cards offered with no preset spending limits -- here are five cards that that allow you to make the charges you need. Most credit cards won't do that. Cardholders with a NPSL credit card can make purchases beyond the credit cards defined limit. What is a spending limit? No preset spending limit cards are great, but not that great. Find out, as Credit Karma answers a LV reader's question. Many credit card issuers offer credit cards with no preset spending limits for unlimited spending on your credit card. The Dangers of No Pre-Set Spending Limit Credit Cards. NPSL credit cards aren't your typical credit cards. A: It means that Card Company will not gi Home > Credit Card Offers > Credit Cards with No Preset Spending Limits Whats the Point?