Personal Finance
Latest Personal Finance News
Is it better to pay off your credit card or keep a balance?
Carlina Teteris/Getty Images Key takeaways Carrying a balance on a credit card usually results in paying more for purchases due…
When and how to refinance a personal loan
Key takeaways Ideally, you should refinance a personal loan only if you can secure a lower rate and save money…
What happens if you don’t activate a credit card?
Key takeaways Not activating a credit card can have negative impacts on your finances, but most downsides only apply if…
Credit card pros and cons
Key takeaways With responsible use, credit cards can help you build your credit and earn valuable rewards. Plus, you can…
What is a bad credit personal loan? Here’s what to know
elenaleonova/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Bad credit lenders may approve borrowers with credit scores in the upper 500s…
How to do a balance transfer with Bank of America
Morsa Images/Getty Images Key takeaways You can complete a balance transfer online with Bank of America after you're approved for…
Pros and cons of credit-building products
Key takeaways The major advantage of credit-building products is the potential to improve or establish your credit score. Higher rates…
How your credit limit is determined
Key takeaways Credit card issuers use information from credit reports, credit scores and income to determine credit limits for new…
What to know about tax refund loans
Andrii Zastrozhnov/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Many tax preparation services offer tax refund loans that allow you to…
Applying for the wrong credit cards can just make bad credit worse
Key takeaways Applying for a credit card can trigger a hard credit inquiry that will temporarily decrease your credit score.…
