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Best Credit Card for Big Purchases in 2022

Best Credit Card for Big Purchases in 2022

The Citi® Double Cash Card – 18 month BT offer is our pick for best credit card for big purchases, thanks to its high flat-rate of cash back on every purchase.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. Citi is an advertising partner.

Best credit cards for big purchases 2022

0% intro APR:

Chase Freedom Unlimited®

On Chase's Secure Website
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.

Travel:

Capital One Venture Rewards Credit Card

On Capital One's Secure Website
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel

Cash back

Citi® Double Cash Card – 18 month BT offer

On Citibank's Secure Website
For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.

If you’re looking for the best credit card for a large purchase, there are a couple of different options, depending on what type of reward and benefits you’re looking for. The following is a list of some of the best credit cards for huge purchases in different categories.

All things considered, our pick for the best credit card for big ticket purchases is the Citi® Double Cash Card – 18 month BT offer. For a $0 annual fee, you can Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. And if you’d rather earn travel rewards, you can convert your cash back to Citi ThankYou points at a rate of 1 cent per ThankYou point.

Best credit card for large purchases with a 0% APR

Chase Freedom Unlimited®

On Chase's Secure Website

$0

16.49% - 25.24% Variable

660 - 850

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49% - 25.24%.
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more.

Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.

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Our thoughts

The Chase Freedom Unlimited® card is a great credit card for large purchases. It lets you Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases Since the cashback rate on regular purchases is higher than the usual 1%, you'll be covered no matter what your purchase is.

The Chase Freedom Unlimited® also offers a 0% Intro APR on Purchases for 15 months on purchases (followed by an APR of 16.49% - 25.24% Variable ). So if you don't have the money to completely pay for your large purchase up-front, you can pay with your Chase Freedom Unlimited® card.

Another great feature of the Chase Freedom Unlimited® card is that you can combine the rewards that you earn with the card with Ultimate Rewards that you earn from other Chase credit cards. This can give you up to a 50% bonus or more on the value of your points.

  • 0% Intro APR on Purchases for 15 months from account opening on any purchases (followed by an APR of 16.49% - 25.24% Variable )
  • Solid bonus earning categories
  • Ability to combine rewards with rewards earned on other Chase credit cards to maximize value
  • $0 annual fee
  • 0% Intro APR on Balance Transfers for 15 months (16.49% - 25.24% Variable APR thereafter). Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days. Then, either $5 or 5% of the amount of each transfer, whichever is greater.
  • Foreign transaction fee of 3% of each transaction in U.S. dollars


Best travel credit card for large purchases

Capital One Venture Rewards Credit Card

On Capital One's Secure Website

Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel

$95

17.49% - 25.49% (Variable)

660 - 850

  • Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Enjoy two complimentary visits per year to Capital One Lounges or to 100+ Plaza Premium Lounges through our Partner Lounge Network
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs

Our thoughts

The Capital One Venture Rewards Credit Card card is another great credit card for furniture purchases or other large purchases, especially if you prefer earning travel rewards. The Capital One Venture Rewards Credit Card earns unlimited 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023. So if you're looking to make a large purchase, you'll earn double miles with the Capital One Venture Rewards Credit Card, no matter who the merchant is. And with the current welcome offer that requires a high amount of spending to reach the full bonus, this could be a great opportunity to maximize your spending.

You can book travel through the Capital One travel portal at a rate of 1 cent per Venture mile, or use your miles to cover travel purchases that you made on your own, at the same 1 cent per mile rate. Another great use of Venture miles is to transfer them to one of Capital One's airline and hotel transfer partners. You can also redeem your Venture miles for a statement credit for non-travel purchases, but you'll only get 0.5 cents per mile if you do that. Redeeming in that way should be avoided under most circumstances.

  • Unlimited 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023
  • Outstanding welcome offer
  • Flexibility to redeem directly for travel or transfer to airline and hotel partners
  • $95 annual fee
  • Redeeming rewards for statement credit is at a lower value


Best cashback credit card for large purchases

Citi® Double Cash Card – 18 month BT offer

On Citibank's Secure Website

$0

16.24% - 26.24% (Variable)

660 - 850

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).

Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

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Our thoughts

The Citi® Double Cash Card is another card that is great for huge purchases because it earns a solid rate on all purchases. With the Citi® Double Cash Card , you effectively Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. There are no category restrictions and no limit on the amount of rewards that you can earn. The Citi® Double Cash Card has a $0 annual fee as well, though it does charge a foreign transaction fee.

Another great feature of the Citi® Double Cash Card is that you can choose to either redeem your rewards as cash back, or convert them to Citi ThankYou points at a rate of 1 point per cent. If you convert your rewards to ThankYou points, you then open up the option to redeem your rewards by transferring them to Citi's hotel and airline travel partners.

  • 2% cash back on all purchases with no limit
  • Redeem your rewards either for cash back or as ThankYou travel points
  • $0 annual fee
  • No higher earning rates for spending in certain categories
  • 3% foreign transaction fee


Best credit card for large purchases with purchase protection

American Express® Gold Card

See Rates & Fees. Terms Apply. On American Express' Secure Website

60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

$250

18.24%-25.24% Variable

660 - 850

  • Earn 60,000 Membership Rewards® Points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® Points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® Points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • Updated $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.

Our thoughts

The American Express® Gold Card is an outstanding travel rewards card that earns valuable Membership Rewards points. It comes with a great welcome offer, and also lets you Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), and 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com. Terms apply. It does come with a $250 annual fee, but helps offset that with an annual Uber Cash credit of up to $120 ($10 per month), which applies to U.S Uber rides and U.S. Uber Eats purchases. Note that to earn the Uber Cash, you’ll need to add your card to the Uber App.

One reason that the American Express® Gold Card is a great credit card for large purchases is its outstanding purchase protection. Some exclusions do apply, so you'll want to read the terms and conditions carefully — still, this can give peace of mind if you're making an important purchase.

Note: Unlike many credit cards, the American Express® Gold Card allows you to pay over time for some purchases, but not all.

For rates and fees of American Express® Gold Card, please click here.

  • Outstanding initial welcome offer and good earning on dining, U.S. supermarkets and travel
  • Earns valuable Membership Rewards points
  • Monthly Uber Cash credit (enrollment required)
  • Purchase protection
  • Terms apply
  • $250 annual fee
  • Earns only 1 point per dollar in most categories
  • Terms apply


Best credit card for large purchases for businesses

Capital One Spark Cash Plus

On Capital One's Secure Website

$150

N/A

660 - 850

  • Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening
  • Earn unlimited 2% cash back on every purchase, everywhere—with no limits or category restrictions
  • Comes with no preset spending limit, so it can adapt to your needs based on your spending behavior, payment history and credit profile
  • Earn an annual $200 cash bonus every year you spend $200,000 or more
  • Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel
  • Add employee cards for free, and earn unlimited 2% cash back from their purchases
  • $150 annual fee
  • Spark Cash Plus has no APR because your balance is due in full every month

Earn up to a $1,000 cash bonus; $500 once you spend $5,000 in the first 3 months, and $500 once you spend $50,000 in the first 6 months of account opening

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Our thoughts

The Capital One Spark Cash Plus card is another good credit card for huge purchases, given that it also earns 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel with no limit. No matter where your large purchase is made, you'll always earn 2% back. Plus, depending on how large your purchase is, you may be able to meet the whole spending requirement of the welcome bonus in one go. That’ll give you an additional bonus reward to offset your purchase amount.

It is important to note that the Capital One Spark Cash Plus card is a business card. That means you’re required to have a business to apply for the card, and you’ll be asked for the details of your business on the application. However, your business isn't required to have an employee identification number (EIN) or employees — you can qualify for the Capital One Spark Cash Plus or any other business card as a sole proprietorship or with a business you only do part time.

  • Excellent welcome bonus
  • 2% Cash Back on every purchase; 5% Cash Back on hotels and rental cars booked through Capital One Travel with no limit
  • $150 annual fee
  • Requires you to have a business


Best credit card for home renovation

Lowe's Advantage Credit Card

5% off your eligible purchase or order charged to your Lowe’s Advantage Card, or get special financing on a purchase up to $2,000

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Our thoughts

The Lowe's Advantage Credit Card card is a store credit card that offers some intriguing advantages if you're shopping at that home improvement store. The Lowe's Advantage Credit Card comes with a $0 annual fee. When using your Lowe's Advantage Credit Card, you have two options — you can either get 5% off your eligible purchase or order charged to your Lowe’s Advantage Card, or take advantage of special financing options.

If you choose to take advantage of the special financing options available to you with the Lowe's Advantage Credit Card, you have two different choices:

  • For purchases over $299, you can get six months of interest free financing. That gives you the option to pay over time without being charged interest.
  • If your large purchase is over $2,000, you can also get up to 84 months with a lower-than-average APR.

This helps make it one of the best credit cards for home improvement purchases.

  • 5% off your eligible purchase or order charged to your Lowe’s Advantage Card
  • Or, up to six months interest-free financing on purchases over $299
  • $0 annual fee
  • Must purchase at Lowe's to get any rewards
  • Small welcome offer
  • For the special financing offer, you must pay off your purchase before the end of the promotion, or you’ll have to pay the interest in full

Compare cards for big purchases

If you're still trying to decide on the best credit card for big ticket purchases, here is a quick look at how some of the top options compare:

Earning rate
Welcome bonus
Annual fee
Chase Freedom Unlimited®
Chase Freedom Unlimited<sup>®</sup>
Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchasesEarn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.$0
Apply Now
On Chase's Secure Website
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travelEnjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel$95
Apply Now
On Capital One's Secure Website
Citi® Double Cash Card – 18 month BT offer
Citi<sup>®</sup> Double Cash Card – 18 month BT offer
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.For a limited time, earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.$0
Apply Now
On Citibank's Secure Website
Show All Rows

How to pick a card for large purchases

When trying to decide on the best card for large purchases, there are a couple of different criteria that you'll want to keep in mind.

0% APRs

The Chase Freedom Unlimited® is our top pick for this feature, because of the rewards you can earn on top of a long 0% period: 0% Intro APR on Purchases for 15 months on purchases (followed by an APR of 16.49% - 25.24% Variable ).

The first thing to look out for is any introductory 0% APRs available on the credit card. If you have a huge purchase to make, making it on a card with a 0% APR gives you more time to pay for the purchase without being charged interest. Of course, if you’re planning on paying for the purchase right away, 0% interest will be less useful.

Rewards

If your purchase doesn't fit into a bonus category, look for a card that offers a high flat-rate on every purchase. The Citi® Double Cash Card – 18 month BT offer is a good example.

If you know what type of large purchase you're going to make, you’ll want to select a credit card that earns a high rewards rate in that category. If there aren’t any credit cards that give bonus rewards for the category where you're going to make your purchase, consider a card that gives an elevated rewards rate on all purchases.

Welcome bonus

The Capital One Venture Rewards Credit Card can be very rewarding for large purchases. You earn 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023, plus a large sign-up bonus: Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel

The welcome bonus you can get when you sign up for a new card can be one of the most lucrative rewards out there. It will often dwarf the rewards that you earn on everyday purchases. As one example, consider a card that offers a $500 cash bonus after spending $5,000 on the card. For that $5,000 of spending, you’re earning a 10% rebate on your spending. That’s higher than the rewards you'll earn for everyday spending on just about any credit card.

Purchase protections

The American Express® Gold Card has one of the most generous policies for purchase protection.

Depending on what you're buying, you may be interested in protecting your purchase. The manufacturer or store where you make your large purchase may offer a warranty or other protections — but if that’s not sufficient for you, many credit cards also offer additional protection against damage, loss or theft.

Credit card installment plans: Using them to finance a large purchase

Some banks and credit card issuers have specific installment plans that can help you finance larger purchases.

Citi Flex Loan

Citi Flex Loan is an installment plan that’s available to existing Citi cardmembers without an additional application or credit inquiry. You can get a loan with an amount that’s based on your total credit line. You'll get a fixed interest rate and term, which will allow you to have consistent monthly payments until your loan is paid off.

My Chase Plan

My Chase Plan allows you to take an eligible purchase of $100 or more and pay it off over time with fixed monthly payments. With My Chase Plan, you don't pay any interest on the purchase once it's enrolled in the plan. Instead, you’ll pay a fixed monthly fee. Chase does allow you to explore your My Chase Plan options before making a purchase, to give you an idea of what your costs would be before making the purchase.

Amex Pay It Plan It

American Express also offers a financing plan to split up and pay for large purchases over time. With Pay It Plan It, you can choose up to 10 purchases of $100 or more to combine into a plan to pay over time. You won’t be charged interest on these purchases — instead, you’ll pay a fixed monthly fee. You’ll even earn rewards for your Pay It Plan It purchases just like with other purchases. Enrollment required.

FAQs about credit cards for large purchases

What is the best credit card for home renovation?

If you're looking for a credit card for renovation, you'll want to find a card that offers good rewards at the location where you're going to use it. Look for a credit card that offers a good welcome offer and a solid rewards rate at the places you're planning on using it. If you want to pay for your purchase over time, you might also consider a card that has a 0% introductory APR benefit.

Can you pay for a renovation with a credit card?

You can pay for a renovation with a credit card, though it’ll depend on where you're making the payments. Most larger retailers accept credit cards, though some smaller or independent stores may not accept credit cards or charge a fee to use them.

If you're trying to pay an individual contractor, they also may not take credit cards. If you are working with an individual or small business, you might consider asking them if they would consider a discount for paying in cash. A cash discount may get you more than the rewards you would earn for paying with a credit card.

Can I use a credit card to pay for home improvements?

Using a credit card for home improvements is possible, depending on where you’re looking to spend. If you’re buying materials or other items at a large retailer, then you almost certainly can use a credit card to pay for those home improvements. If you’re paying an individual contractor or smaller company, they may not take credit cards as a payment — and even if they do, they may charge fees for accepting a credit card.

What is the easiest home improvement credit card?

There isn't a single easiest home improvement credit card to get — instead, it’ll depend on your specific credit score and credit profile. Many credit cards with excellent rewards programs require good or excellent credit to be approved. If you’re still working on your credit, you might consider applying for a store credit card or a card that targets those with lower scores.

For rates and fees of American Express® Gold Card, please click here.

The information related to Lowe's Advantage Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).