Why It's Time to Pick a New Credit Card

You could be missing out by not comparing new credit card offers, losing benefits like rewards and zero-percent interest rate offers.


Welcome to Day 11 of our 30-Day Easy Money Makeover! Every day in April, we’re bringing you strategies to help you improve, and feel more confident about, your money situation. Follow along and see the rest of the calendar here.

If you want to manage your money effectively, it’s important to choose the right tools. Which credit card you use can make a big difference on your bottom line.

The process can feel overwhelming, simply because there are a lot of different cards out there. (Never mind that the terms and conditions can be tough to dig through.)

Perhaps that’s why people tend to stick with what they already have. One in 5 consumers hasn’t shopped for a credit card in the past five years, according to—and 30% have never changed their preferred card.

But maintaining the status quo means you could be missing out, on benefits like welcome bonuses and rewards, as well as on better interest rates and more favorable terms.

It’s easier to narrow the options if you first ask yourself what you need to get out of that card, says Nathan Grant, credit industry analyst at Credit Card Insider. For example, the right credit card might be one with better rewards if you’re paying your balance in full—or one with a low interest rate if you’re carrying a balance.

Here’s what to look for, to help you keep your financial house in order:

acorns+cnbcacorns cnbc

Join Acorns


About Us

Learn More

Follow Us

All investments involve risk, including loss of principal. The contents presented herein are provided for general investment education and informational purposes only and do not constitute an offer to sell or a solicitation to buy any specific securities or engage in any particular investment strategy. Acorns is not engaged in rendering any tax, legal, or accounting advice. Please consult with a qualified professional for this type of advice.

Any references to past performance, regarding financial markets or otherwise, do not indicate or guarantee future results. Forward-looking statements, including without limitations investment outcomes and projections, are hypothetical and educational in nature. The results of any hypothetical projections can and may differ from actual investment results had the strategies been deployed in actual securities accounts. It is not possible to invest directly in an index.

Advisory services offered by Acorns Advisers, LLC (“Acorns Advisers”), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Brokerage and custody services are provided to clients of Acorns Advisers by Acorns Securities, LLC (“Acorns Securities”), a broker-dealer registered with the SEC and a member of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Acorns Pay, LLC (“Acorns Pay”) manages Acorns’s demand deposit and other banking products in partnership with Lincoln Savings Bank, a bank chartered under the laws of Iowa and member FDIC. Acorns Advisers, Acorns Securities, and Acorns Pay are subsidiaries of Acorns Grow Incorporated (collectively “Acorns”). “Acorns,” the Acorns logo and “Invest the Change” are registered trademarks of Acorns Grow Incorporated. Copyright © 2021 Acorns and/or its affiliates.

NBCUniversal and Comcast Ventures are investors in Acorns Grow Incorporated.