ArtistGNDphotography/Getty Images; Illustration by Hunter Newton/Bankrate Key takeaways Even if you have a no-foreign-transaction-fee card, you could be spending extra money on purchases made in foreign currency unless you avoid dynamic currency conversion. Avoid credit and debit fees by using the local currency. Although convenient, using dynamic currency conversion will…
Key takeaways Consumers have rights when they receive an order that was canceled or made in error. You do not have to pay for these orders, but keep records if it’s a mistake. Be aware of scams that involve free orders. It’s all too easy to click on a buy…
Members of the military and armed forces tend to lead busy lives and are often not on the same day-to-day work routine as everyone else. When it comes to investing, military members also do not have access to all of the same investment plans that workers in the private sector…
Key takeways You can support small businesses in a variety of ways, whether you prefer to shop online or in-person. Purchasing gift cards from small businesses not only supports them financially, but it also has the potential to bring in new customers and increase revenue. Leaving positive…
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TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
Voters in Washington State have decided to keep the state’s first-in-the-nation public long term care insurance program. On Tuesday, they…
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Key takeaways Pairing the Capital One Venture X Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card allows me to earn 50% more miles. I use the Savor card for dining and grocery store purchases to maximize rewards on my food spending.…
Dept Managmnt
Key takeaways A lien serves as an official notice that you owe a creditor for unpaid property. If you do not pay, the…
Banking
With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration’s (SBA) refinancing…
Credit Cards
Key takeaways Actively using a credit card responsibly can help improve your credit score over time. Using your credit card like a debit…
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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 A business loan provides one-time funding to help start or grow a business Lines of credit cover short-term financing needs and let businesses borrow funds repeatedly Banks, online lenders and CDFIs may offer term loans and lines of credit A business loan offers funding that small businesses need…
The biggest credit card industry development of 2024 occurred in February when Capital One announced an agreement to acquire Discover for $35 billion in stock. The biggest development of 2025 could be [dramatic pause…] Capital One actually acquiring Discover. You see, the transaction hasn’t closed yet because of regulatory hurdles.…
#Financial practicePersonal financeCredit1.Saving every monthBuilds financial security, enabling long-term planning and investment opportunities.Establishes an emergency fund, reducing reliance on credit in unexpected situations.2.Paying off credit card balances in fullFrees up money for other expenses or savings instead of paying highAvoids interest charges and improves credit score by maintaining a low…
Key takeaways Both charge cards and credit cards allow you to make purchases that you can pay off at a later date. Although charge cards typically come without preset spending limits, they typically require users to pay the balance in full each month. Credit cards allow users to carry a…
Key takeaways A seller’s market is often defined by limited housing inventory, putting sellers in a position of leverage as buyers compete for the few homes available. In a buyer’s market, buyers have ample housing supply to choose from and sellers may need to lower their price or negotiate concessions…
Key Takeaways A range of credit cards from American Express offer purchase protection against damage or theft, although limits on this benefit vary by card type. This coverage applies when a purchase is damaged or stolen within a specified timeline and charged to an eligible card. Some American Express credit…
Key takeaways Wells Fargo Merchant Services provides payment processing solutions for small- to medium-sized businesses. Merchants must have a Wells Fargo business checking account to be eligible for the bank’s services. Wells Fargo offers a range of payment processing options, including point-of-sale devices and online payment solutions. If you own…
LUHUANFENG/Getty Images; Illustration by Bankrate Key takeaways A CD ladder entails opening multiple CDs with varying terms and maturity dates. CD ladders allow you to take advantage of potentially higher yields, while also maintaining some liquidity. Once a CD in your ladder matures, you can choose to open another CD…
The last year saw a number of economic wins for the U.S., but many Americans aren’t celebrating. Inflation slowed to levels last seen in early 2021, and the Federal Reserve cut interest rates twice. But that may not mean much to many Americans’ wallets, as prices of common goods are…
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