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Bank of America’s answer to the Chase Sapphire Preferred Card is the Bank of America® Premium Rewards® Credit Card, a premium piece of plastic that rewards dining and travel purchases above all else. In some respects, it’s better than Sapphire Preferred. In others, it falls short. All in all, it’s a better deal — a … Read more

The U.S. housing market partied hard in 2021 and early 2022, as record-low mortgage rates and pandemic-induced demand set off vicious bidding wars and sent home prices soaring.  The fun didn’t last. The Federal Reserve began raising interest rates in March 2022, turning off the easy-money spigot that fueled the boom. By the fall, homebuyer … Read more

If you’re under 30 years old, this is the best time in your adult life to buy a certificate of deposit (CD). That’s not hyperbole. It’s a data-driven fact. After years of languishing near zero, CD rates spiked in 2022 and are now higher than they’ve been since at least 2008, right before the economy … Read more

Quick Look The Credit Card Competition Act is a bipartisan bill intended to lower credit card processing fees. The goal is to inject some much-needed competition into the credit card network market, lowering prices on retail goods and allowing smaller businesses to compete on a more even playing field. But the law could have some … Read more

I’ve managed to get this far without ever carrying an interest-bearing credit card balance. But I’ve taken advantage of more 0% APR introductory promotions than I can count though, and I know how to spot a great opportunity when I see one. The Truist Future Credit Card is such an opportunity. Though if I’m being … Read more

You’ve decided to set some money aside for a rainy day. You want to keep it somewhere until you need it. You consider your options. A piggy bank? Too childish (and, let’s be honest, it can only hold so much). Under your mattress? It could be fun to sleep atop all your wealth like a … Read more

The U.S. government is in danger of intentionally defaulting on its debt obligations for the first time in its history.  The Biden Administration and the House of Representatives, which is controlled by Republicans and led by Speaker Kevin McCarthy, must agree to raise the country’s legal borrowing limit — known as the debt limit or … Read more

There’s no shortage of ways to pay someone these days. From cash and credit cards to digital platforms like Zelle and PayPal, many of us can go our whole financial lives without ever coming across a money order. But they still exist, and if you need to fill one out, you might have no idea … Read more

Quick Look Credit bureaus, also known as credit reporting agencies, collect and report on consumer credit and payment information. The three major credit bureaus are Equifax, Experian, and TransUnion.  There are many other credit bureaus, some of which collect very specific data.  It’s March 9, 1922, and you need a loan. You head up to … Read more

I spend much of my time studying and comparing cash-back credit cards, so it takes a lot for a new credit card to surprise me. I almost hate to admit it, but the new Fifth Third 1.67% Cash/Back Card threw me for a loop. Not because 1.67% Cash/Back has a revolutionary rewards program or stunning … Read more