Image by GettyImages; Illustration by Bankrate Last week’s HELOC spike was short-lived. The average rate on a $30,000 home equity line of credit fell 80 basis points to 8.10 percent, back to the level it was two weeks prior, according to Bankrate’s national survey of lenders. The rise and fall…
Key takeaways The Capital on Tap Business Credit Card offers high credit limits, no annual fee, speedy approval and cash back rewards. The card is only available to businesses with good credit, at least six months of activity and a minimum yearly revenue of $30,000. While the rewards and credit…
Delmaine Donson/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Lengthy credit card balance transfer offers can mean the difference between paying hundreds in interest and paying nothing at all. Balance transfer cards with 21-month intro periods can help you pay off debt, but they carry few benefits beyond the…
Roth IRAs are known for tax-free growth and distributions in retirement. However, inherited IRAs come with their own rules and limitations that can complicate the picture. Whether you can convert an inherited IRA to a Roth IRA depends on both your status and current IRS guidelines. By understanding IRS law,…
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The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
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If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
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MoMo Productions/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways You can check the value of your savings bond through the TreasuryDirect website. Even if you have paper savings bonds, you can check your value online, as long as you have the issue date, bond series and…
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When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid…
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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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Texas is the top state for domestic in-migration in 2024. While hundreds of thousands of Texas residents moved out of the state, even more people moved in from other states — about 85,000 net new domestic movers, according to U.S. Census data. Texas is clearly a popular destination, so why…
Key takeaways Many factors impact whether or not you’ll qualify for a mortgage, but your marital status is not one of them. Buying a home with your partner now means you can start building equity sooner than if you waited until after marriage. However, waiting until after you’re married gives…
Key takeaways Growth ETFs may generate better long-term results, but they also carry more risk. Value ETFs are less risky and may perform better in unstable markets, but come with less potential to grow. It is important to determine your financial goals and risk tolerance when evaluating which ETF style…
A covered call is an options trading strategy that offers limited return for limited risk. A covered call involves selling a call option on a stock that you already own. By owning the stock, you’re “covered” (that is, protected) if the stock rises and the call option expires in the…
Key takeaways While the Discover it® Student Cash Back and Discover it® Student Chrome are similar, they offer different rewards structures that appeal to different types of cardholders. The Discover it Student Cash Back card offers a higher cash back rate on rotating bonus spending categories. The Discover it Student…
Key takeaways The child and dependent care credit helps you recoup some of the costs of paying for care while you’re at work. The value of the credit is a percentage of the expenses you paid. That percentage varies depending on how many dependents you have and your household’s adjusted…
Image by GettyImages; illustration by Bankrate There are two main ways to use tax deductions to lower your tax bill: either claim the standard deduction or itemize your deductions, which means add up a list of your qualified expenses. Then you subtract t hat amount — either the standard deduction…
Photography by Getty Images Key takeaways American Express offers a handful of co-branded Hilton credit cards, two of which are the Hilton Honors American Express Card and Hilton Honors American Express Aspire Card*. The Aspire Card targets luxury travelers and comes with a $550 annual fee, whereas the Amex Hilton…
Key takeaways While credit card companies technically have the ability to pursue your home for unpaid debt, it’s rare. A debt collector must go to court and get a judgment before it can place a lien on your home. There are limits and exemptions to how much of your home’s…
The Good Brigade/Getty Images Key takeaways The private mortgage insurance (PMI) deduction will be available again for homeowners in tax year 2026 — the first time since the end of 2021. The full PMI deduction will be available for homeowners earning less than $100,000 per year. Most borrowers pay mortgage…
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