When you have a large purchase coming up, getting the Best Credit Card for a Large Purchase can be a great money-saving strategy.
The meaning of large purchases can vary from person to person. People have different goals for making big purchases, like buying a new laptop, medical bills, essential household items, etc.
Generally, reward credit cards are ideal for making big purchases because you get money back in the form of cashback or rewards that cover your costs. Also, you get some extra benefits for large purchases that you can use for further purchases. Generally, the best credit card for big purchases must have:
- 0% Intro APR Offer: A longer 0% interest period offers more time to make payments without paying interest. The best card offers 0% intro APR on purchases for more than a year.
- Welcome Bonus: If you are going to make a big purchase, try to get a card that offers a best-in-class sign-up bonus, which will cover the cost of your big purchase.
So, we’ve covered the best credit cards that help to save you hundreds of dollars on large purchases.
Best Credit Card for Large Purchases
- Blue Cash Preferred® Card from American Express
- U.S. Bank Visa® Platinum Card
- Capital One Quicksilver Cash Rewards Credit Card
- Citi Double Cash Card
- Chase Freedom Unlimited®
- Prime Visa
- Ink Business Premier Credit Card
Explore the Best Credit Card for Big Purchases
Here are the full details of all the credit cards that you can use for making large purchases. Try to choose a card that suits your needs.
1. Blue Cash Preferred® Card from American Express
Pick for: Best Credit Card for Large Purchase Rewards
Card Details:
Annual Fee: $0 intro annual fee for the first year, then $95.
Introductory APR: 0% intro APR on purchases and balance transfer for 12 months from the date of account opening, after that a variable APR of 19.24% to 29.99% will apply.
Sign-up Bonus: You earn $250 back as a welcome bonus after you spend $3,000 on purchases within the first 6 months of card activation. You will receive this as a statement credit.
Credit Needed: 670 – 850 (Good/Excellent).
Reward Details:
- You earn 6% cash back on groceries at U.S. supermarkets (up to $6,000 per year).
- Earn 6% cash back on select streaming services in the U.S.
- Earn 3% cash back on Transit including taxis, rideshare, parking, tolls, trains, buses, and more.
- Earn 3% cash back at U.S. gas stations.
Why we like this card:
The Blue Cash Preferred® Card from American Express is a popular credit card for big purchases. This a mainly a cash-back credit card with a high credit limit that offers 0% introductory offer for 12 months on purchases and balance transfers, then a variable APR of 19.24% to 29.99% variable APR will apply.
The card earns a huge 6% cash back on groceries at U.S. supermarkets, 6% cash back on streaming services, and 3% on transit services. The cashback is received in the form of a reward dollar that can be redeemed as a statement credit.
However, its highest cash-back reward category doesn’t usually match up with large purchases, but you can enjoy the benefit of 0% intro APR for 12 months. This is one of the best credit cards for large purchases.
Pros & Cons
Pros
- The card has no annual for the first year.
- 0% intro APR for 12 months on purchases and balance transfers.
- 6% cash-back on groceries at U.S. supermarkets.
- 6% cash-back on select U.S. streaming subscriptions.
- You earn 3% cash back on U.S. gas stations and Transit services.
- You earn 1% cash back on all other purchases.
Cons
- $95 annual fee after first year.
- Slightly high annual APR.
2. U.S. Bank Visa® Platinum Card
Pick for: Long 0% intro APR period
Card Details:
Annual Fee: $0.
Introductory APR: Enjoy 0% intro APR for 18 billing cycles on purchases and balance transfers, after that a variable APR of 18.74% – 29.74% variable will apply. For a limited-time offer, you enjoy 0% intro APR for 21 billing cycles.
Sign-up Bonus: None.
Credit Needed: 690-850 (Good/Excellent).
Reward Earning: None.
Why we like this card:
If you need more time on a big purchase, then you should get this card. The U.S. Bank Visa® Platinum Card offers offers 0% intro APR for 18 billing cycles on purchases, after that a variable APR of 19.74% to 29.74% will apply. You could get this intro offer up to 21 billing cycles during limited-time offers.
The card can save you hundreds of dollars in interest, finance, and charges. However, you earn no reward points or welcome bonus, but this card is our top pick for the best 0% introductory APR credit cards list.
Pros & Cons
Pros
- The card has no annual fee.
- 0% intro APR offer for 18 billing cycles.
- Autopay & due date choice
- Cell phone insurance.
Cons
- No sign-up bonus.
- No rewards.
3. Capital One Quicksilver Cash Rewards Credit Card
Pick for: Longer 0% intro APR period + cash back rewards
Card Details:
Annual Fee: $0.
Introductory APR: Enjoy 0% intro APR for 15 months on purchases and balance transfer, after that a variable APR of 19.99% – 29.99% will apply with the balance transfer fee.
Sign-up Bonus: Cardholders get a time $200 cash bonus after they spend $500 on purchases within the first 3 months from account opening.
Credit Needed: 690-850 (Good/Excellent).
Reward Details:
- You earn unlimited 1.5% cash back on every purchase, every day.
Why we like this card:
The Capital One Quicksilver cash rewards credit card is an excellent option if you want a simple cashback reward credit card with a longer 0% intro APR offer. The card offers 0% intro APR for 15 months on purchases and balance transfers. This makes it a good choice for big purchases.
Cardholders get unlimited 1.5% cash back on every purchase without bonus categories.
The Quicksilver Cash Reward credit card offers generous welcome benefits of $200 as a cash bonus after you spend $500 within the first 3 months of card activation. The card also has no foreign transaction fees which makes it a suitable option for overseas transactions.
Pros & Cons
Pros
- The cars have no annual fee.
- 0% intro APR for 15 months.
- Unlimited 1.5% cash back on every purchase.
- No foreign transaction fee.
Cons
- No bonus category.
- Requires high credit score.
4. Citi Double Cash® Credit Card
Pick for: 0% intro APR period + cash back earning
Card Details:
Annual Fee: $0.
Introductory APR: Enjoy 0% intro APR for 18 months on balance transfer after that a variable APR of 19.24% – 29.24% will apply, which is based on your creditworthiness.
Sign-up Bonus: Cardholders get $200 as a cashback after they spend $1500 on purchases within the first 6 months of credit card activation.
Credit Needed: 690-850 (Good/Excellent).
Reward Details:
- Cardholders get 2% cash back (unlimited 1% cash back when you buy, plus an additional 1% cash back when you pay) on every purchase.
- There is no category restrictions and no limit on the amount of cash back you earn.
Why we like this card:
The City Double Cash is among the best no-annual-fee cashback credit cards in the market. Whether you are looking for a longer 0% intro APR or a flat cash-back rate credit card this card gives plenty of flexibility to you.
The card earns you 2% cash back on all purchases (% when you make a purchase and another 1% when you pay your credit card balance).
The Citi Double Cash® Credit Card provides you with a solid return on big purchases. For eg. if you spend $10,000 on large purchases, then you’ll earn $200 cash back. You earn cash back in the form of Citi ThankYou points which can be redeemed for statement credits and other redemption options.
Pros & Cons
Pros
- The card has no annual fee.
- Unlimited 2% cash back on every purchase.
- 0% intro APR for 18 months on balance transfer.
- A decent welcome bonus of $200 as cashback.
Cons
- No intro APR for puchases.
- Foreign transaction fee.
5. Chase Freedom Unlimited® Credit Card
Pick for: cash back earning in different categories
Card Details:
Annual fee: $0.
Introductory APR: Enjoy 0% intro APR for 15 months on purchases and balance transfers. After that a variable APR of 20.49%–29.24% will apply.
Sign-up Bonus: Enjoy $200 bonus after you spend $500 on purchases within the first 3 months of card activation, plus earn 5% cash back on combined gas station and grocery store purchases up to $12,000 in the first year.
Credit Needed: 690-850 (Good/Excellent).
Reward Details:
- Earn 3% on dining at restaurants, including takeout and eligible delivery services.
- Earn 3% on drugstore purchases.
- Earn 5% on travel purchased through Chase Ultimate Rewards.
- Earn 1.5% unlimited cash back on all other purchases.
Why we like this card:
The Chase Freedom Unlimited® Credit Card is a great all-rounder cash-back credit card and it would be a great choice for large purchases. You earn unlimited 1.5% cash back on all purchases. The cash-back rewards do not expire. The cashback can be redeemed for the statement credit.
The card has a $0 annual fee and offers 0% intro APR for 15 months on balance transfers and purchases, which makes it a suitable option for large purchases. After that, a variable APR of 20.49%-29.24% will apply.
The card also offers a best-in-class welcome offer of a $200 bonus 5% gas and a grocery store offer, after you spend $500 on purchases within the first 3 months of card activation. The welcome bonus can cover the costs of your big purchase.
Pros & Cons
Pros
- The card has no annual fee.
- Generous welcome bonus of $200.
- Unlimited 1.5% cash back on all other purchases.
- 5% cash back on travel and 3% cash back on utility, dining, and drugstore.
- Cash-back rewards will not expire.
Cons
- High balance transfer fee.
- Foreign Transaction fee.
» MORE: Best Cash Advance Credit Card
6. Amazon Prime Visa
Pick for: large purchases on Amazon.com
Card Details:
Annual fee: $0.
Introductory APR: None.
Sign-up Bonus: Cardholders get a $100 Amazon Gift Card instantly upon credit card approval with an eligible Prime membership.
Credit Needed: 700-749 (Fair – Good).
Reward Details:
- Earn 5% cash back with an Amazon Prime Membership on Amazon purchases and 3% cash back on Amazon.com purchases.
- Earn 5% cash back at Amazon, Amazon Fresh, Whole Foods, and on travel purchased through Chase Ultimate Rewards®.
- Earn unlimited 3% back on Chase Travel purchases or 5% back with an eligible Prime membership.
- Earn unlimited 2% cash back at gas stations.
- Earn unlimited 2% back at restaurants whether you dine in or take out.
- Earn unlimited 1% cash back on Local transit and commuting.
- Earn 1% cash back on all other purchases where a Visa card is accepted.
Why we like this card:
If you’re an Amazon Prime loyalist, then the Amazon Prime Visa is one the best credit cards for you. The card offers excellent cash back on Amazon.com for Prime members.
Cardholders earn 5% with eligible Prime membership and 3% cash back on Amazon purchases. Plus, you earn unlimited 2% cash back at gas stations, restaurants, and on local transit and commuting.
The Amazon Visa Prime card is issued by Chase and offers a welcome bonus of a $100 Amazon Gift Card which is instantly transferred into your Amazon account Gift card. The rewards can be redeemed at Amazon.com.
However, the card doesn’t offer 0% intro APR, which can be a dealbreaker for some people. But, the cashback on Amazon.com purchases helps you to save on big purchases. That’s why, this card is on our list.
Pros & Cons:
Pros
- The card has no annual fee.
- 5% cash back on Amazon and Whole Foods purchases.
- Flexible rewards redemption options.
- The card has no foreign transaction fee.
- Decent welcome bonus offer.
- Travel & purchase protection.
Cons
- No 0% intro APR offer.
- Requires an Amazon Prime membership.
7. Ink Business Premier Credit Card
Pick for: cash back on large purchases for business owners
Card Details:
Annual fee: $195.
Introductory APR: The card offers flex for business variable APR of 19.49%–27.49%.
Sign-up Bonus: Earn $1,000 bonus cash back after you spend $1,000 on purchases within the first 3 months of card activation.
Credit Needed: 670 – 850 (Good – Excellent).
Reward Details:
- Enjoy 2.5% cash back on every large purchase of $5,000 or more. That’s $250 on a purchase of $10,000 when redeemed.
- Earn 2% unlimited cash back on all other business purchases.
- Earn 5% cash back on travel purchased through Chase Ultimate Rewards.
- Earn 5% cash back on Lyft Rydes.
- The rewards can be redeemed for cash back, gift cards, travel, and more through Chase Ultimate Rewards.
Why we like this card:
The Ink Business Premier Credit Card is designed for business owners who frequently make large purchases. The card offers 2.5% cash back on large purchases of $5,000 or more, and 2% cash back on all other purchases. You can redeem the reward points for cash back, gift cards, travel, and more through Chase Ultimate Rewards.
The card is mainly designed for business owners who want to earn cash back on larger purchases. The card offers a decent welcome bonus of $1,000 after you spend $10,000 on purchases within the first 3 months of card activation.
The best part about this credit card is the uncapped potential for earning rewards, which means the more you spend, the more rewards you earn.
Pros & Cons
Pros
- Best-in-class sign-up bonus for business cards.
- Earn 2.5% cash back on large purchases.
- Earn 2% cash back on all other business purchases.
- Earn 5% cash back on travel purchased through Chase Ultimate Rewards.
- Rewards can be redeemed for cash back and travel at a 1:1 value.
Cons
- Slightly high annual fee.
- Limited redemption options.
What is the Purchase APR on a Credit Card?
The purchase APR (Annual Percentage Report) on a credit card is the interest rate applied if you don’t pay your bill in full. Mainly, it is the cost of borrowing money.
The interest rate is calculated on both the rate and size of your balance. In general, large purchases will attract more interest than small charges.
In case, if you are using your credit card for large purchases, then you should be able to pay off your bill in full and on time. If you are not able, look for a credit card that offers 0% intro APR, so that you can get a longer period to pay.
How to Choose the Best Credit Card for Large Purchases?
When searching for the best credit card for your big purchases, think about what matters most to you. If you frequently travel with different airlines, it might not be practical to go for an airline credit card that offers perks with just one airline.
If you prefer collecting reward points that you can use across different programs, a cash-back card may not be the best fit for you. On the other hand, if you’re after a 0% APR credit card, focus on the duration of the APR period first. Then, compare the rewards and benefits of cards with similar introductory APR offers.
Make a list of your priorities and see which card covers your needs. Also, check if there are any existing cards in your wallet that you can make use of before applying for a new one.
How to Save on Large Purchases?
When choosing a credit card for large purchases, keep these things in mind:
- Choose a card that offers 0% intro APR.
- Look for a card that offers valuable rewards for you.
- Pick a card that offers a generous welcome bonus.
- Pay your bills on time to avoid charges and penalties.
Bottom Line
By using the right credit card, you can save a decent amount of money on your purchases. To save money on large purchases, choose a card that offers 0% intro APR, decent rewards, and a sign-up bonus.
Take your time to think about which purchases are most important for you and what type of purchases you have coming soon.
Best Credit Card for Large Purchase Related FAQs
Which card should I use for large purchases?
The Blue Cash Preferred® Card from American Express is a popular credit card for big purchases. This a mainly a cash-back credit card with a high credit limit that offers a 0% introductory offer for 12 months on purchases and balance transfers, then a variable APR of 19.24% to 29.99% variable APR will apply.
What are the best credit cards for big purchases?
1. Blue Cash Preferred® Card from American Express
2. U.S. Bank Visa® Platinum Card
3. Capital One Quicksilver Cash Rewards Credit Card
4. Citi Double Cash Card
5. Chase Freedom Unlimited®
6. AmazonPrime Visa
7. Ink Business Premier Credit Card
Which credit card is best for a longer 0% Intro APR period?
The U.S. Bank Visa® Platinum Card is the best card for a long 0% intro APR period, as it offers 0% intro APR for 18 billing cycles on purchases.