The Best Credit Card For a Large Purchase

Which credit card is best when making a large purchase? We believe the answer depends in part on what you are buying. For example, if it’s an expensive vacation, an airline or travel rewards card might be best because you can earn more rewards. If it’s a home renovation, a cash back card might be the best option. You also might want to consider a 0% APR card to avoid fiance charges or a card with a low interest rate. Of course, a low or no interest rate card only matters if you intend to pay off the balance over time. With that being said, here are 5 cards that might be beneficial to consider when you make a large purchase.

Credit Cards for Large Purchases

	Cash Back	Travel Rewards	0% Intro Rate	Low Interest Rate
Discover More	X		X	X
Amex Starwood		X
Chase Freedom(SM)	X		X	X
Chase Slate			X	X
Citi Select			X	X

Here are details on each card:

Discover® More Card – $75 Cashback Bonus
	0% intro APR on balance transfers for a full 12 months, then the Regular APR 0% intro APR on purchases for a full 6 months, then the Regular APR Get $75 Cashback Bonus when you make $500 in purchases within 3 months 5% Cashback Bonus in categories that change like travel, gas, groceries, restaurants, home improvement stores and more Up to 1% unlimited Cashback Bonus on all other purchases No Annual Fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed 0%* 12 months* 11.99% – 20.99% (Variable)* None Yes Excellent

Starwood Preferred Guest(R) Credit Card from American Express
	Earn up to 25,000 Starpoints (R) – enough for up to 6 free nights at a category 1 or 2 hotel. Use Starpoints(R) for free nights and upgrades at participating Starwood hotels and resorts in 95 countries including Sheraton, W Hotels, Westin and more with no blackout dates No annual fee for the first year and $45 thereafter Transfer Starpoints(R) – almost always on a 1:1 basis – to the frequent flyer programs of over 30 major airlines Earn one Starpoint(R) for every dollar you spend and double Starpoints(R) at participating Starwood properties and retail partners Express Approval. Get a decision in less than 60 seconds.
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed See Terms* See Terms* 15.24% variable See Terms* Yes Excellent

Chase Freedom® Visa – $100 Bonus Cash Back
	Earn $100 Bonus Cash Back after you make $799 in purchases in your first three months 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly maximum. Signing up is free and easy! Unlimited 1% Cash Back on all other purchases with no spending tiers Up to an additional 20% cash back when you shop online at select merchants through Chase
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed N/A N/A 12.99%-22.99% Variable* None No Excellent

Slate(SM) from Chase
	0% Intro APR for up to 12 months. No Annual Fee. New Innovative Card Design. Blueprint(SM) – free and customizable features Help you avoid unnecessary interest Pay your balances down faster
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed 0% 12 or 6 Months* 13.24%-22.24% Variable* None Yes Good

Citi® Platinum Select® MasterCard®
	0% Intro APR on balance transfers for 18 months and 0% Intro APR on purchases for 12 months. After that, the APR will be 11.99%-19.99% based upon your creditworthiness. This APR will vary with the market based on the Prime Rate* Extra Cash from Citi: enjoy discounts on gift cards,travel, merchandise and more Citi® Identity Theft Solutions Secure, free online account management No annual fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed 0% 18 months on Balance Transfers* 11.99% – 19.99%* (Variable) None Yes Good

Tagged as: american express, Chase, Citi, Credit Card Offers, Discover Credit Cards