The problem with that is it's still only 256 colors, which likely doesn't include all the colors in my preferred colorscheme. That's why I'm looking for "true-color", which typically means 16.7 million colors like we are used to (e.g. #rrggbb in CSS), not 256.
My solution is to place this in my .bashrc
# begin code if [ "$TERM" == "xterm" ]; then export TERM=xterm-256color fi # end code
Of course the terminal should be 256 color terminal. Hope this helps.