What Are the Top Transfer Credit Cards of 2015?

As an English credit card expert, I am happy to provide a detailed response to the question of what the top transfer credit cards of 2015 are. Transfer credit cards are a popular option for those looking to consolidate debt or transfer a balance from a high-interest credit card to one with a lower interest rate. The following are some of thebest transfer credit cardsavailable in 2015.

1. Chase Slate

The Chase Slate card is widely regarded as one of the best transfer credit cards on the market. It offers a 0% introductory APR for the first 15 months on both balance transfers and purchases. There is also no balance transfer fee if the transfer is made within the first 60 days of opening the account. After the introductory period, the APR ranges from 12.99% to 22.99%, depending on creditworthiness.

2. Discover it

The Discover it card offers a 0% introductory APR for the first 18 months on balance transfers, with a 3% balance transfer fee. There is also a cashback rewards program that offers 5% cashback on rotating categories throughout the year and 1% cashback on all other purchases. After the introductory period, the APR ranges from 11.99% to 23.99%, depending on creditworthiness.

3. Citi Simplicity

The Citi Simplicity card offers a 0% introductory APR for the first 21 months on both balance transfers and purchases, with a 5% balance transfer fee. There are no late fees or penalty rates, making it a good option for those who may struggle to make payments on time. After the introductory period, the APR ranges from 14.74% to 24.74%, depending on creditworthiness.

4. BankAmericard

The BankAmericard offers a 0% introductory APR for the first 18 billing cycles on balance transfers made within the first 60 days of opening the account, with a 3% balance transfer fee. There is also a $0 liability guarantee for fraudulent purchases and a free FICO score check. After the introductory period, the APR ranges from 12.99% to 22.99%, depending on creditworthiness.

When considering a transfer credit card, it is important to weigh the benefits and drawbacks of each option. While a 0% introductory APR may be tempting, it is important to take into account any balance transfer fees and the APR after the introductory period. It is also important to be aware of any potential risks, such as the impact on credit scores and potential penalty rates for missed payments.

In addition to transfer credit cards, there are other ways to save money with credit cards. Taking advantage of rewards programs, such as cashback or points, can help offset the cost of purchases. Some credit cards also offer benefits such as travel insurance or extended warranties on purchases.

When applying for a credit card, it is important to be aware of any annual fees and to read the terms and conditions carefully to avoid any potential risks. It is also important to choose a reputable credit card company with good customer service and a strong track record. By doing so, you can take advantage of the benefits of credit cards while minimizing the risks.