Some good free credit cards, as of October 2015, are the Citi Double Cash Card, Chase Slate and Discover It card. All cards have no annual fee as well as zero percent introductory annual percentage rate (APR) on balance transfers and purchases for the first 15 to 18 months, notes Nerdwallet.com.
The Citi Double Cash Card allows cardholders to get cash back twice with every purchase. Citi awards card users one percent cash back at time of purchase and one percent cash back as the purchases are paid for. There is a balance transfer fee of three percent of the amount of each transfer or $5, whichever is greater, as of 2015. After the introductory period, the APR varies based on creditworthiness, states Nerdwallet.com.
Chase Slate was named "Best Credit Card for Balance Transfers" by Money magazine. There is no balance transfer fee during the first 60 days for transfers. Late payments do not raise a cardholder's interest rate. Chase Slate also gives customers their FICO score monthly for free. The card's introductory APR is zero percent for 15 months.
The Discover It card doubles all the cash back a customer earns at the end of his first year for new cardmembers. It offers five percent cash back in categories that change quarterly and one percent on all other purchases. Purchases are monitored and unusual purchases alert the cardholder to help protect against identity theft and fraud. Cardholders have no liability for unauthorized purchases made on their card.