TexasEscapes.com HOME Welcome to Texas Escapes
A magazine written by Texas
Custom Search
New   |   Texas Towns   |   Ghost Towns   |   Counties   |   Trips   |   Features   |   Columns   |   Architecture   |   Images   |   Archives   |   Site Map

Counties
Texas Counties


Texas Towns
A - Z





Columns

Columns | Go Far With Kovar

Should I Get A New Credit Card?

by Taylor Kovar

February 20, 2023
Hi Taylor - I just finished paying off my student loans and I'm wondering if I should get a new credit card to reflect my improved credit score. Does that kind of thing matter? Are the benefits significant?
Hi Shasta - Yes and YES. A better card with a higher limit can improve your credit even further, and the benefits offered by banks to people with good credit are usually much better than what one can get with poor or fair credit.

For starters, you should have access to lower APRs with your approved credit score. I don't want you to carry a balance from month to month, but it's always nice to have lower interest rates in case you do get caught with some outstanding charges on your card. A lot of cards will offer 0% APR on balance transfers as well, in case you have some lingering debt.

Most important will be access to useful perks. If you look good on paper, you can be trusted with the fanciest cards that bring in the fanciest rewards. Earn tons of miles and use swanky private lounges when you go to the airport; get a handful of cash back when you go to restaurants or pay for gas; apply for a card that links with your favorite airline or hotel to ensure your spending turns into rewards you can use.

Many of the best credit cards don't really work unless you spend a modest amount, so you can't expect to get much of a bonus if you don't swipe regularly. That's why it's worth researching the cards that offer bonus points for certain types of spending. Some are better for business owners and frequent flyers, others work well for parents who have big families and spend lots of money on groceries each month. Some cards let you pick the benefits you'll get the most out of, which is an appealing perk. There's a post at GoFarWithKovar.com that details 10 of the best cards for people with good credit, so that's worth checking out if you're in the early stages of your search.

Whatever you choose, don't get too excited by the rewards. It's nice to get a kickback for your everyday purchases, just don't lose sight of the fact that you have to spend money in order to get these bonuses. If you work too hard to earn airline miles, you'll quickly be back in debt and watching your credit score take a turn for the worse.

As long as you already use a credit card, it ought to be a good one. Start doing some research and find something that brings in useful rewards and reflects the excellent credit score you've earned, Shasta!
Taylor Kovar February 20, 2023
More "Go Far With Kovar" & "The Money Couple"

Legal Disclaimer: Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. To submit a question to be answered in this column, please send it via email to Question@GoFarWithKovar.com, or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.


Texas Escapes Online Magazine »   Archive Issues » Home »
TEXAS TOWNS & COUNTIES TEXAS LANDMARKS & IMAGES TEXAS HISTORY & CULTURE TEXAS OUTDOORS MORE
Texas Counties
Texas Towns A-Z
Texas Ghost Towns

TEXAS REGIONS:
Central Texas North
Central Texas South
Texas Gulf Coast
Texas Panhandle
Texas Hill Country
East Texas
South Texas
West Texas

Courthouses
Jails
Churches
Schoolhouses
Bridges
Theaters
Depots
Rooms with a Past
Monuments
Statues

Gas Stations
Post Offices
Museums
Water Towers
Grain Elevators
Cotton Gins
Lodges
Stores
Banks

Vintage Photos
Historic Trees
Cemeteries
Old Neon
Ghost Signs
Signs
Murals
Gargoyles
Pitted Dates
Cornerstones
Then & Now

Columns: History/Opinion
Texas History
Small Town Sagas
Black History
WWII
Texas Centennial
Ghosts
People
Animals
Food
Music
Art

Books
Cotton
Texas Railroads

Texas Trips
Texas Drives
Texas State Parks
Texas Rivers
Texas Lakes
Texas Forts
Texas Trails
Texas Maps
USA
MEXICO
HOTELS

Site Map
About Us
Privacy Statement
Disclaimer
Contributors
Staff
Contact Us

 
Website Content Copyright Texas Escapes LLC. All Rights Reserved