Key takeaways Decisions made by the Federal Reserve to increase the benchmark rate do not directly impact auto loans but rather the cost for banks to lend. The higher the Fed sets rates, the higher auto loan rates will likely be. The Fed made its third and last rate cut…
Key takeaways The Federal Reserve doesn’t directly set auto loan rates — but it does affect the cost for lenders to borrow money. The Federal funds rate was cut for a third and final time in 2025 and was not changed in the first meeting of 2026, so it currently…
The holiday season is a time filled with joy, celebration, and, often, a lot of expenses. As the festivities wind down, many find themselves facing the reality of depleted bank accounts, credit card debt, and the daunting task of rebuilding their financial safety nets. An emergency fund serves as a…
Money is an uncomfortable topic for many, yet it’s an important ongoing conversation to have in a relationship. Financial secrets undermine trust. And for many, it may even feel like betrayal. More than 2 in 5 U.S. adults (43%) believe keeping financial secrets is at least as bad as physical…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Key takeaways Your credit card APR can go up if the prime rate changes, you paid your credit card bill late, your intro APR offer ended or your credit score dropped. If your APR increases, you can work on paying down your balance or transfer…
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2. Coaching and Tutoring Take stock of your areas of expertise – maybe you speak a second language or solving math equations comes…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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As a personal finance journalist and a credit counselor, people often ask me for credit card advice. And I’m happy to give it! But I find myself sharing the same set of basic facts because they’re helpful for so many people. And then it dawned on me: Credit cards can…
Artifical intelligence (AI) is likely to reshape our lives in as big a way as the internet did in the 1990s and smartphones did in the 2000s (scary or exciting as that may be). That means changes to your regular life and your banking life, too. You’re likely encountering AI…
Key takeaways When it comes to earning cash back on popular spending categories, such as dining and travel, the Capital One Savor Cash Rewards Credit Card and the Chase Freedom Unlimited® are both strong choices. The Capital One Savor Cash Rewards Credit Card could be a better long-term fit for…
Key takeaways Discover it® Chrome offers solid first-year value with its unlimited Cashback Match program. The card earns 2 percent cash back at gas stations and restaurants (on up to $1,000 in combined purchases each quarter, then 1 percent), and 1 percent cash back on everything else. You can redeem…
Key takeaways Wyndham Rewards members can earn points by staying at Wyndham properties, shopping with Wyndham partners, making purchases with an eligible hotel credit card and more. Members can redeem points for things like free and discounted stays at Wyndham locations around the world, transfers to airline partners, local tours…
Key takeaways Getting approved for a credit card can be a fairly quick process — sometimes taking just seconds. But other times, it can be slower, with issuers making you wait up to 30 days. Once approved, you’ll typically receive your card within a week, though some issuers may send…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Overdraft fees are down slightly after increasing the previous year. The average fee is now $26.77, down 1 percent from the previous year. If you regularly incur high monthly maintenance fees, ATM fees and receive low interest rates on deposits,…
DW labs Inc./Shutterstock Key takeaways Wire transfers can be an expensive way to send money, costing the average consumer $27 and $44 for domestic and international outgoing wires, respectively. Your bank might charge you for incoming wire transfers. It can cost less to initiate an outbound wire transfer on your…
Key takeaways There is no right number of credit cards to own, but in general, most people should consider having at least two in case of emergencies or fraud. Having multiple credit cards helps reduce your utilization rate and provides lenders with more information to better gauge your creditworthiness. If…
Key takeaways Your credit card’s grace period is the time between when your credit card billing cycle closes and your bill is due. In most cases, credit card issuers don’t charge interest on your purchases during the grace period. Once the grace period ends, interest begins accruing on your balances…
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