Key takeaways Credit card forbearance can help you manage your credit card payments, balance or potential interest or fee costs if you’re facing financial hardship. You typically have to request credit card forbearance, although not all issuers offer this option. Otherwise, you may have to consider balance transfer cards or…
Brothers91/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Both The Platinum Card® from American Express and The Business Platinum Card® from American Express are top-tier credit card options with premium benefits (and high annual fees to match). The Amex Platinum Card may be a better choice for users who…
Images By Tang Ming Tung/Getty Images Key takeaways Both the Wells Fargo Active Cash® Card and the Citi Double Cash® Card offer 2 percent cash back on purchases. With the Citi Double Cash Card, you’ll earn 1 percent cash back as you make purchases and another 1 percent cash back…
Image by Hunter Newton/Bankrate When you pay as much as you do for new appliances, you probably wonder if your appliances are covered by homeowners insurance. The answer depends on the cause of damage. For instance, if a fire or a tornado destroys your home, your appliances are usually covered,…
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A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
Republican lawmakers in Congress are circulating a number of proposals to cut federal spending as part of a massive bill…
Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the largest blaze, the Palisades Fire,…
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Key takeaways The average student loan debt for pharmacists was $170,956 as of 2024. Interest rates on pharmacy school student loans currently range from 3.47% to 14.83%. It may take pharmacists longer than the 10-year standard repayment term on federal student loans to pay off…
Dept Managmnt
Key takeaways A balance transfer fee is what credit card issuers charge when you transfer debt, usually credit card debt, to another credit…
Banking
No matter how often bank regulators, international standard setters, rating agencies, or financial reform advocates warn banks that climate change is serious, the…
Credit Cards
Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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If you’re wondering how to invest in the financial sector, exchange-traded funds (ETFs) can be a simple way to get started. ETFs that focus on the financial sector invest in companies that are involved in different areas of finance such as banking, insurance, real estate and investment management. You…
Key takeaways When it comes to travel-related card perks, the Chase Sapphire Preferred is an overall better choice than the Bank of America Travel Rewards credit card, but the Travel Rewards can still be the right choice for some people. Bank of America offers a Preferred Rewards program that boosts…
A certified public accountant (CPA) can play a crucial role in the tax filing season as they help business owners navigate the tax code and ensure they meet all of their required deadlines. They also play a vital role in looking at your business accounts critically and help you fix…
Key takeaways Even after you’ve paid off your home, you can still borrow against your home’s equity. There are several ways to tap your equity when you’re mortgage-free, including with a home equity loan, HELOC or cash-out refinance. It can be easier to qualify for a loan on a paid-off…
Credit Sesame discusses the proposed CFBP rule on medical debt and whether it can ever come to fruition. The Consumer Financial Protection Bureau (CFPB) has approved a rule banning reporting agencies from including medical debt on credit reports. As a result, that debt would no longer directly affect people’s credit…
Delmaine Donson/Getty Images Most Americans carry a combination of revolving and installment debt during their financial lifetimes. The journey often starts with a revolving credit card, but it doesn’t end there. The ubiquitous nature of credit cards is hard to understate. According to Bankrate’s Credit Card Debt Survey data, 50…
Key takeaways The major advantage of credit-building products is the potential to improve or establish your credit score. Higher rates and restrictions on how and when you receive funds are common drawbacks of credit-builder loans. Your local bank or credit union may offer small-dollar loans at much lower rates than…
Key takeaways You are considered personally liable with recourse loans if you default. Mortgages and auto loans are often recourse loans, though this may differ between lenders. Lenders may seize personal assets not listed in the loan agreement in addition to any collateral. This downside may be offset by lower…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Index funds are one of the most popular types of investments because of their simplicity, low cost and diversification benefits. In general, index funds seek to replicate the performance of an underlying index comprised of stocks or bonds, which means they aren’t managed…
valiantsin suprunovich/Getty Images Key takeaways A covenant serves as a written contract between two parties, like a lender and borrower. If that covenant is broken, it is known as a breach of covenant and can result in a lawsuit. There are a few primary types of covenants, including positive or…
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