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 – $50 Cashback Bonus
	Get $50 Cashback Bonus when you make $250 in purchases within 3 months 0% intro APR on balance transfers for 12 months, then the variable APR of 11.99% – 20.99% 0% intro APR on purchases for 6 months, then the variable APR of 11.99% – 20.99% 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
	Starpoints(R) BONUS: 10K with your first purchase and another 15K when you spend $15k within 6 months – enough for up to 6 free nights at a category 1 or 2 hotel. Redeem Starpoints for free nights at over 1,000 hotels and resorts in nearly 100 countries and for free flights on over 350 airlines – all with no blackout dates. Earn at least 4 Starpoints per eligible dollar at participating hotels & resorts 2011 SmarterTravel(R) Award for “Best Travel Rewards Card” Enjoy the first year with no annual fee — a savings of $65.
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 $800 in purchases in your first 3 months 5% cash back in quarterly bonus categories like gas, home improvement and department stores, subject to quarterly enrollment and maximum. Unlimited 1% Cash Back on all other purchases with no spending tiers Up to an additional 10% cash back when you shop online at select merchants through Chase No Annual Fee
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® from Chase
	0% Intro APR for up to 15 months – a variable APR as low as 11.99% – 21.99% after your 0% ends Slate with Blueprint(SM) helps you pay down your balances faster and save on interest Transfer your higher rate balances No Annual Fee
Intro APR Intro APR Period Regular APR Annual Fee Balance Transfer Credit Needed 0% up to 15 months 11.99%-21.99%*(Variable) None Yes Excellent

Citi® Platinum Select® MasterCard®
	0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 11.99%-20.99% based upon your creditworthiness. 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% 21 months on Balance Transfers* 11.99% – 20.99%* (Variable) None Yes Excellent