MONEY TALK: Credit card offer or trap? | Company

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Hi Taylor: I got a credit card offer in the mail that sounds really good. Low spending limit, but the interest rate is good and I get money. So whatโ€™s the problem ? Should I be suspicious?

Hi Tommy: I think a dose of mistrust is always healthy when it comes to credit card companies. Their one big goal is to make you pay too much interest. With that in mind, as long as you check your blind spots, a credit card is worth buying.

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Taylor Kovar is CEO of Kovar Capital. Learn more about him at GoFarWithKovar.com.

The information presented is for educational purposes only and does not constitute an offer or solicitation to sell or buy 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 advisor and/or tax professional before implementing any strategy described here. Past performance is not indicative of future performance.

To submit a question to be answered in this column, please email it to [email protected]or by regular mail to Lessons on Wealth, 106 E. Lufkin Ave., Lufkin, TX 75901.

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