| Hi Taylor:
I finally cut ties with an old credit card that had no rewards and
a mediocre rate. Can you guide me on what kind of card I should go
with now? Kind of open to anything. - Mazie
Hi Mazie: I was just reading about the latest and greatest
credit card offers. I trust you to find one that meets your personal
needs, but these are a few that caught my eye.
Freedom Flex. I think this card debuted in 2020 and became
an instant hit of sorts. It's as good a cash back card as you
can find, with 5% returns on rotating categories to go with the
fixed returns on things like restaurants and travel. You have
to activate the alternating bonuses, which means there's a hands-on
element to your rewards, but with no fee and lots of ways to get
5% back, it's obvious why this card is so popular.
2. Wells Fargo Propel AMEX. If the goal is to earn travel
rewards, I like what I see with this option. No annual fee, low
introductory APR, and you can earn double and triple points on
a bunch of different categories. Some of these travel cards take
too long to accrue usable points, but the variety of ways you
can earn rewards with the Propel card takes care of that.
3. U.S. Bank Visa Platinum. For anyone looking to get debt
under control or improve a credit score, this card offers a 0%
APR on purchases and balance transfers for 20 billing cycles.
Hard to find a better option if you're doing some in-house debt
4. Capital One Spark Cash for Business. Business owners
need to have a good rewards card, otherwise you're pretty much
throwing money away. This one has a $95 annual fee and an APR
around 20, but you get 2% cash back on every purchase without
a limit. As long as you pay off your balance regularly, you can
save thousands each year just for buying the things you need to
5. Blue Cash Preferred AMEX. 6% cash back on purchases
at U.S. supermarkets. 6%! That's almost unheard of. If you have
a big family or just buy a lot of fancy foods, you'll easily make
up for the $95 annual fee.
6. Alaska Airlines Visa Signature. This one's a little more
obscure but it's awesome for domestic travel. Growing list of
U.S. cities, a lot of direct flights to Hawaii and Alaska, and
you get a yearly companion ticket that essentially lets you get
2-for-1 travel. The $75 annual fee is reasonable and definitely
outweighed by the perks.
| Finding the
right credit card is like finding the right bathrobe. We all like
different sizes and materials, so you need to think about your needs
and spending habits, then go for whatever checks the most boxes. Good
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.