What's New in Credit Cards for 2015?

As an expert in English credit cards, I am pleased to provide you with a detailed answer to the question of what's new incredit cards for 2015. There have been several changes in the credit card industry over the past year, and this article will discuss some of the most significant ones.

EMV Chip Technology

One of the most significant changes in the credit card industry is the adoption of EMV chip technology. This technology has been widely used in Europe and other parts of the world for several years, but it is only now gaining traction in the United States. The EMV chip technology is designed to provide additional security for credit card transactions, and it has been shown to be more effective than the traditional magnetic stripe technology. If you haven't yet received a credit card with an EMV chip, you can expect to receive one soon.

Mobile Payments

Another new development in the credit card industry is the increased use ofmobile payments. Mobile payments allow you to use your smartphone or tablet to make payments at participating retailers. This technology is still in its early stages, but it is expected to become more widespread in the coming years. Several major credit card companies have already launched mobile payment solutions, and many more are expected to follow suit.

Rewards and Cashback Programs

Credit card companies are always looking for ways to attract and retain customers, and one way they do this is through rewards and cashback programs. In 2015, we have seen an increase in the number of credit cards offering these types of programs. Some credit cards offer cashback on all purchases, while others offer rewards in the form of points that can be redeemed for merchandise, travel, or other benefits.

Balance Transfer Offers

If you have high-interest credit card debt, you may be interested in taking advantage ofbalance transfer offers. These offers allow you to transfer your existing credit card balances to a new card with a lower interest rate. In 2015, we have seen an increase in the number of credit cards offering balance transfer offers, and some cards even offer 0% interest for a limited time.

Tips for Applying for a Credit Card

When applying for a credit card, it is important to do your research and choose a card that meets your needs. Here are some tips to keep in mind:

- Check your credit score before applying for a credit card. A good credit score will increase your chances of being approved for a card.

- Compare the interest rates, fees, andrewards programsof several different credit cards before making a decision.

- Read the fine print carefully and make sure you understand the terms and conditions of the card before applying.

- Only apply for a credit card if you are confident that you can manage your finances responsibly and make payments on time.

Saving Money with Credit Cards

While credit cards can be a useful tool for managing your finances, they can also be expensive if you're not careful. Here are some tips for saving money with credit cards:

- Pay your balance in full every month to avoid interest charges.

- Choose a card with a low or no annual fee.

- Take advantage of rewards and cashback programs to get the most out of your credit card.

- Avoid using your credit card for cash advances, which typically come with high fees and interest rates.

Avoiding Credit Card Risks

While credit cards can be a valuable tool, they also come with risks. Here are some tips for avoiding credit card risks:

- Be careful when using your credit card online, and only provide your credit card information to reputable websites.

- Keep your credit card information safe and secure, and report any suspicious activity to your credit card company right away.

- Don't carry a balance on your credit card if you can avoid it, as this can lead to high interest charges and debt.

- Be careful when using your credit card at ATMs or other locations where your card information could be compromised.

Credit Card Companies to Consider

There are many credit card companies to choose from, but some of the most popular and reputable ones include:

- American Express

- Chase

- Capital One

- Discover

- Citi

In conclusion, there have been several changes in the credit card industry over the past year, including the adoption of EMV chip technology, the increased use of mobile payments, and the introduction of new rewards and cashback programs. When applying for a credit card, it is important to choose a card that meets your needs and to use it responsibly to avoid debt and other risks. By following these tips and considering some of the top credit card companies, you can make the most of your credit card and stay on top of your finances.