— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we may earn a small fee for referring you. However, our picks and opinions are independent from USA TODAY’s newsroom and any business incentives.
Whether you’re buying a new television, remodeling the kitchen or even covering an emergency bill, certain credit card perks can help you save money whenever you have to spend.
Big purchases are great to charge to your credit card—if you have a personal payback plan and picked the right card, that is.
A card with an introductory 0% APR period can also be a great financing choice when you want a long, interest-free repayment period.
Plus, many cards come with extra benefits, like cash-back options or product warranties, that can add value to the item you’re buying.
The 6 best credit cards to help you save:
Capital One® Quicksilver® Cash Rewards Credit Card
U.S. Bank Visa® Platinum Card
Capital One® SavorOne® Cash Rewards Credit Card
Wells Fargo Cash Wise Visa® Card
Capital One® VentureOne® Rewards Credit Card
When it comes to maximizing savings on large purchases it can be hard to know where to start. Credit cards, in and of themselves, are tools you can use to help your purchase your desired item, but you do eventually need to pay off the debt.
That being said, credit card issuers have created fantastic incentives for you to use their cards, so putting a big purchase on plastic could be a better deal than buying the same item with cash.
Here are a few smart rules to keep in mind when looking to save:
Look for long 0% intro APR periods. That way you’ll have plenty of time to pay off your charges interest-free.
Avoid credit cards with an annual fee. Why pay to save, when so many good options have no annual fee?
Tack on as many benefits as you can. Some cards offer useful and valuable perks just for being a member.
Which card you choose ultimately depends on which goal you value most.
Need help finding products? Sign up for our weekly newsletter. It’s free and you can unsubscribe at any time.
Things to know about credit cards
Long introductory period APR rates are only a short-term incentive. Potentially high APR rates snap into effect after the card’s intro period ends, which could cost you a lot in interest if you’ve left your balance unpaid. It’s really important—especially when getting a card for a big purchase—to keep an eye on your finances, and keep an eye on the calendar.
APR rates and credit limits vary based on your individual credit. Credit limits and interest rates for each card are determined based on each cardholder’s personal situation, so we did not take that information into account when evaluating these cards. Remember to pay your card off in full every month, so you will not be charged interest.
Banks have final say on who they accept for a credit card. These recommendations were put together with the assumption that applicants would have average credit or above. That being said, banks decide who they will issue credit cards to using criteria including, but not always limited to, an individual’s credit score when evaluating each applicant.
How we evaluated
I’m a veteran writer who has covered travel rewards and the intricacies of credit card points-and-miles. I evaluated all the credit cards on the market and used the three rules above to pick these recommendations. I chose my picks purely on their ability to help you save money or put some cash back in your wallet when you have to make a large purchase.
Best Overall: Capital One Quicksilver Cash Rewards
The Capital One® Quicksilver® Cash Rewards Credit Card gives you a straightforward path to redeem cash bonuses and accrue cash back rewards quickly. If you have a big, one-time purchase on the horizon, than these perks can help you cut the overall cost.
Points: The card awards 1.5% cash back on all your purchases, no matter the vendor or price. So, if you buy a $1,000 item, you’ll receive $15 in pointsno cap to the awards limit, collecting points can pay big dividends in the long term.
Perks: Though the Quicksilver Cash Rewards card has no annual fee—in addition to no foreign transaction fees—it has a surprising amount of potential for your wallet. If you spend $500 in the first three months of the card, you’ll get a $150 cash bonus—a pretty good reward for simply spending money.
Add that to a $0% APR intro rate for the first 15 months, and you’re looking at a card with high upside and even higher dividends. Once the grace period expires, the APR increases based on your creditworthiness.
Best for Introductory APR: U.S. Bank Visa Platinum Card
If you need a lot of time to pay down your bills without accruing interest, then the U.S. Bank Visa Platinum Card is a great option. The card offers a generous 0% intro APR for the first 18 billing cycles.
Points: This is the card for spreading out your payments over time, not racking up points or getting cash back incentives. Therefore, I only recommend U.S. Bank Visa Platinum Card if your primary goal is a long APR intro period. With this introductory period, that $1,000 television comes out to just over $55 a month. Just make sure you pay down your debt before the variable APR kicks in at the 19th cycle.
Perks: Again, this card is the best for worry-free spending, not racking up rewards. There’s no annual fee, though, which is nice. One side aspect we like is the Platinum Card’s cell protection program. Get $600 coverage on broken or stolen phones (up to two claims per year) with only a $25 deductible.
If you want to fully maximize your cash back options, and you have the time and inclination to pay attention to changing rules around accruing points, then the Chase Freedom could be for you. The Chase Freedom specializes in offering 5% cash back in a rotating lineup of bonus categories, which change every quarter.
Points: Chase Freedom makes you work its best rewards, but if you line up big purchases with 5% cash-back on rotating categories, up to $1,500 each quarter you activate, you can go far. For example: The second quarter of 2019’s rewards category, groceries, also covers home improvement stores, like Home Depot. Financing your latest kitchen renovation a surefire way to spend gobs of cash.
And though Chase Freedom 5% goodness maxes out after $1,500 in quarterly spending, you could still net as much as $75 from the rotating cash-back rewards alone. Everyday purchases not in the 5% bonus category still deliver cash back value for you, but at a lower rate. You’ll earn 1% cash back for everything else you put on the card.
Perks: Right off the bat, the Chase Freedom rewards you with a $150 cash bonus after spending $500 in the first 3 months. This bonus is hardly remarkable; but when taken in consideration with Chase Freedom’s other benefits, and its 15 month 0% APR intro period, the card could provide you with a lot of value. Be sure you pay off your outstanding debts before the 0% APR grade period ends, as you’ll face a variable APR after that.
Capital One SavorOne Cash Rewards
Make the most of cash-back offers with the Capital One® SavorOne® Cash Rewards card, one of our favorite rewards cards with an APR intro period longer than a year.
Points: The SavorOne is primarily geared toward everyday purchases, but its incentive structure rewards big purchases, too. You’ll quickly redeem the $150 cash reward: It comes online after you’ve hit $500 in the first three months—a low threshold in the land of big-ticket items. On the everyday spending front you can also use the card’s tiered model to your advantage. Get 3% back on dining and entertainment, 2% back at grocery stores, and 1% on everything else. There’s no cap to the cash-back rewards, either.
Perks: On top of its cash rewards offerings, the SavorOne card’s 15-month intro APR rate of 0% makes it a strong contender for your large purchase card portfolio. After that, it’s a variable APR based on your personal creditworthiness.
Wells Fargo Cash Wise Visa
No annual fee, high rate of return: we picked the Wells Fargo Cash Wise Visa Card as much for what it has as for what it doesn’t. This card gives you an easy path for turning money spent into money made.
Points: The Cash Wise Visa Card rewards holders with 1.5% cash-back on all purchases. It’s a straightforward approach to cash-back, and potentially more appealing than many other cards’ tiered cash-back programs, which require a lot of planning to maximize in full. The card’s $150 cash rewards bonus also stands above the competition. Spend $500 in the first 3 months, and it’s yours.
Perks: At only 15 months of 0% intro-rate APR, this isn’t nearly as forgiving as some of the other top cards to make the list. Nevertheless, it’s a good option to consider if you want a solid card with some extra perks. Keep in mind that your APR will increase after 15 months.
However, If you’re saving up for a new phone, then this perk is for you. The card also comes with Wells Fargo’s standard $600 cell phone protection program, available to all Wells Fargo cardholders who pay their monthly phone bill through the card. While there’s a $25 deductible, its nonetheless worth considering as an added perk.
Capital One VentureOne
The only travel-focused rewards card to make this list, the Capital One® Venture One® card is excellent if you anticipate spending big when booking accommodations for your next trip.
Points: You’ll get 1.25 miles for every dollar you spend on anything, and there’s no limit to the rewards you can earn.
Perks: The VentureOne card rewards you with 20,000 bonus miles if you spend $1,000 on your card in 3 months. If you decide to take convert those points to cash back, that’s an easy $200, and a great additional perk on top of the hefty miles rewards program. Plus, there’s no foreign transaction fees when you’re abroad.
The only downside is the card’s relatively short 12-month 0% APR introductory period, which transitions to a variable APR after the first year. This is not nearly as forgiving as some of our other top rewards cards. But if points and miles are your game, and you need a no-annual-fee card for your next big buy, VentureOne from Capital One is at least worth a hard look.
Please note: The offers mentioned above are subject to change at any time and some may no longer be available.
Reviewed has partnered with CardRatings for our coverage of credit card products. Reviewed and CardRatings may receive a commission from card issuers.
More top credit card options
This article originally appeared on Reviewed.com: The best credit cards for saving money of 2020: Reviewed