The best credit cards for large purchases and interest-free financing
Making large purchases can be a challenge, but the right credit card can make all the difference. With interest-free financing, rewards, and exclusive benefits, you can buy what you need without breaking the bank.
Whether you’re upgrading your home, investing in new technology, or covering unexpected expenses, choosing the right credit card is essential. This guide will help you find the best options to maximize your budget and financial flexibility.
Why use a credit card for large purchases?
0% APR promotions: Save on interest
Many credit cards offer introductory 0% APR periods, allowing you to make big purchases and pay them off over time without accruing interest. These promotions typically last 12 to 21 months, making them ideal for financing expensive items.
However, it’s crucial to pay off the balance before the promotional period ends. Once the offer expires, the standard interest rate applies, which can be significantly higher. Planning your payments ensures you get the most out of these offers without unnecessary costs.
Rewards and cashback: Earn while you spend
Some credit cards provide cashback, travel rewards, or store discounts, making them great for large transactions. If you’re making a significant purchase, earning a percentage back can result in substantial savings.
Cards with rotating or category-based rewards often offer higher cashback percentages for specific purchases, such as electronics, home improvement, or travel. Choosing a card that aligns with your spending habits maximizes your benefits.
Extended warranties and purchase protection
Premium credit cards often include extended warranties, purchase protection, and return guarantees. These perks provide additional security for expensive items, such as electronics, appliances, and luxury goods.
If your purchase is damaged or stolen within a specific period, you may be eligible for a refund or replacement through your credit card’s coverage. Always check the terms to understand what’s included and how to file claims.
Top credit cards for big purchases
Best overall: Chase Sapphire Preferred
The Chase Sapphire Preferred is a versatile credit card offering valuable rewards, travel protections, and a reasonable annual fee. It provides 2x points on dining and travel and offers flexible redemption options.
With a generous sign-up bonus, this card is ideal for those who frequently travel or want to maximize their spending potential. While it doesn’t offer 0% APR, its rewards structure and protections make it a great choice for high-value purchases.
Best for 0% APR: Wells Fargo Reflect Card
The Wells Fargo Reflect Card is perfect for interest-free financing, offering a 0% intro APR for up to 21 months on purchases and balance transfers. This extended period makes it one of the best choices for large transactions.
Although it lacks rewards, the savings from interest-free financing can outweigh cashback or points, especially if you need time to pay off a purchase. Just ensure you pay the balance before the promotional period ends.
Best for cashback: Citi Double Cash Card
If you prefer cashback to points, the Citi Double Cash Card is an excellent choice for maximizing rewards. It offers 2% cashback on all purchases—1% when you buy, another 1% when you pay your balance, and no category restrictions.
This straightforward structure makes it great for large expenses with no category restrictions. There’s no annual fee, making it a cost-effective option for those looking to maximize returns on big purchases.
Best for store financing: Amazon Prime Rewards Visa Signature Card
For frequent Amazon shoppers, the Amazon Prime Rewards Visa Signature Card is unbeatable. It provides 5% cashback on Amazon and Whole Foods purchases, making it ideal for buying high-ticket items online.
Additionally, Amazon often offers 0% financing options for select purchases, allowing you to split payments over time without paying interest. If you regularly shop on Amazon, this card is a valuable addition to your wallet.
How to choose the right credit card for your needs
Evaluate your spending habits
Before selecting a credit card, consider where and how you spend the most. If you frequently shop at specific stores, a co-branded card with special financing or rewards can be beneficial. If you often travel, a rewards card with travel perks may be more suitable.
Understanding your spending patterns helps you choose a card that offers the best benefits for your lifestyle. This ensures you maximize your rewards and savings while making large purchases.
Compare interest-free offers and fees
While 0% APR promotions are attractive, it’s important to check the length of the promotional period, balance transfer fees, and post-introductory interest rates. Some cards offer longer terms, while others may have hidden costs.
Also, review the annual fees and weigh them carefully against the potential benefits and savings opportunities. A card with an annual fee might be worth it if the rewards and perks outweigh the cost and additional charges.
Look for additional perks and protections
Many premium credit cards offer purchase protection, extended warranties, and fraud protection. These features add value, especially for expensive items like electronics, furniture, or luxury goods.
Some cards also provide price matching, meaning if the price drops shortly after your purchase, you can get a refund for the difference. This extra layer of protection ensures you get the best deal possible.
Tips for maximizing your credit card benefits
Pay off your balance on time
Using a credit card for large purchases is only beneficial if you manage your payments responsibly. Always aim to pay off your balance within the interest-free period to avoid high APR charges.
If you’re using a cashback or rewards card, paying your balance in full ensures you reap the benefits without incurring unnecessary costs, penalties, or interest charges.
Leverage sign-up bonuses
Many credit cards offer generous welcome bonuses for spending a certain amount within the first few months. If you have a large purchase planned, using a new card can help you earn extra rewards quickly.
Just be sure to meet the spending requirement responsibly without overspending or carrying a high balance beyond the introductory period, grace period, or promotional offer.
Stack rewards and discounts
Take advantage of stacking rewards by using retailer promotions, cashback apps, and special financing offers. Some stores provide extra discounts for specific credit cards, giving you additional savings.
By combining these strategies, you can maximize your savings and benefits when making big purchases, ensuring you get the best value for your money and financial stability.
Graduated and master's student in History. Fanatic of books and series. Editor since 2023.
