diff --git a/.changeset/polymorphic-as-generic-spread.md b/.changeset/polymorphic-as-generic-spread.md
new file mode 100644
index 000000000..820ee0beb
--- /dev/null
+++ b/.changeset/polymorphic-as-generic-spread.md
@@ -0,0 +1,5 @@
+---
+'@linaria/react': patch
+---
+
+Fix TypeScript inference for generic spread props on styled components (TS2698).
diff --git a/packages/react/__dtslint__/styled-jsx.tsx b/packages/react/__dtslint__/styled-jsx.tsx
index d4b73f7e6..9e61adbe1 100644
--- a/packages/react/__dtslint__/styled-jsx.tsx
+++ b/packages/react/__dtslint__/styled-jsx.tsx
@@ -9,3 +9,12 @@ const Button = styled.button``;
 <Button href="/" />;
 // @ts-expect-error href is not a button property
 <Button as="button" href="/" />;
+
+declare function getProps<
+  T extends React.InputHTMLAttributes<HTMLInputElement>,
+>(props?: T): T;
+
+const Input = styled.input``;
+
+// A spread of a generic call must not depend on the `as` overload.
+<Input {...getProps()} disabled />;
diff --git a/packages/react/src/styled.ts b/packages/react/src/styled.ts
index 28cb6adad..cfe200120 100644
--- a/packages/react/src/styled.ts
+++ b/packages/react/src/styled.ts
@@ -273,6 +273,11 @@ type IntrinsicElementProps<TName extends keyof IntrinsicElements> =
   keyof IntrinsicElements extends TName ? unknown : IntrinsicElements[TName];
 
 type StyledComponentWithAs<TProps> = {
+  // Tried first so that inference in JSX does not have to go through the generic `as` overload.
+  (
+    props: TProps & { as?: undefined },
+    context?: any
+  ): ReturnType<React.FunctionComponent<TProps>>;
   <TAs extends keyof IntrinsicElements>(
     props: TProps & { as: TAs } & NoInfer<IntrinsicElementProps<TAs>>,
     context?: any