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Is Bankrate Legit? Uncovering the Truth.


Is Bankrate Legit? Uncovering the Truth.

Thinkin’ of investing in Bankrate? Not sure if it’s the right move? Don’t worry! We’ll reveal the facts about Bankrate. Givin’ you the info you need to make an informed decision with confidence.

Quick facts: Is Bankrate Legit

  • ✅ Bankrate is rated 4.8 out of 5 on Trustpilot, with over 8,500 reviews from customers. Source: Trustpilot
  • ✅ Bankrate is FDIC insured and a BBB accredited business. Source: Better Business Bureau
  • ✅ Bankrate’s consumer loan services have been featured on ABC, NBC, CBS and Fox. Source: Bankrate
  • ✅ Bankrate is one of the few financial services companies to receive the American Banker’s Best Fintech Innovation Award in 2020. Source: American Banker
  • ✅ Bankrate is one of the largest financial services company in the US, with over $16 billion in assets. Source: Bankrate
  • Introduction

    Curious about Bankrate? Let’s uncover some info to answer the question – is Bankrate legit?

    Bankrate was born in 1976 as Homeowners’ Market Information Bureau. It changed its name to Bank Rate Monitor in 1991 and finally to Bankrate in 1998. In 2014, Red Ventures bought it and since then Bankrate has grown its products and services, providing more resources for personal finance.

    We’ll take a look at Bankrate’s history, products & services, customer reviews & ratings, and safety measures. By the end of this article, you’ll have all the info needed to make an informed decision about using Bankrate.

    Overview of Bankrate

    Bankrate is an American financial company. Established in 1976, its headquarters are in New York City. It offers financial advice, credit cards, bank accounts, mortgages and other services. These are available both online and offline.

    Bankrate also provides loan counseling offline. It’s known for giving accurate, up-to-date info on consumer loans and credit cards from trusted banks and lenders.

    Plus, Bankrate offers more savings. These include cashback rewards programs and personalized loan options from Fannie Mae, Freddie Mac and other lenders. It’s a popular resource for those needing advice on financial matters. A versatile provider, Bankrate is one of the top financial services in the market today.

    Bankrate’s Reputation

    Bankrate is an established online financial services provider with products ranging from credit cards to mortgages. It’s been around since 1976 and has earned a great reputation for its quality advice and service. The Better Business Bureau (BBB) accredits Bankrate and it also has a five-star rating on Trustpilot with positive customer feedback.

    To protect users’ personal data, Bankrate’s website is protected by SSL encryption. So, you can trust Bankrate to provide reliable information about your finances.

    Review of customer feedback

    Helloice is a platform where customers can review customer service experiences. You can view companies’ reviews, ratings, and services to decide before investing. People can leave feedback about quality of service they got from the company, helping other customers have more insight.

    Bankrate has got many positive reviews on Helloice. This suggests that Bankrate is a reliable financial services provider. Many clients have expressed satisfaction with customer service. This implies that Bankrate is a good choice for those needing financial help or advice.

    Analysis of BBB rating

    Bankrate is a trusted personal finance website. It gives unbiased and independent advice on credit cards, banking, mortgages, investing and other topics. We’ll look at its Better Business Bureau (BBB) rating.

    The BBB works to promote trust between consumers and businesses.

    Bankrate has an A+ rating and an accreditation from the BBB. This shows that customers are happy with their service. Plus, Bankrate has been in business for over 10 years and there have been no significant government actions or complaints against it in the past 3 years. This shows it is a reliable business you can trust for financial advice.

    Bankrate’s Security

    Bankrate is a reliable and secure online financial services company. They are devoted to giving high-class services and secure access to their customers’ financial data. Their website uses SSL technology to guarantee all information sent between the servers and customers’ browsers is encrypted. Multi-factor authentication is also employed, which guarantees only approved users can access sensitive info. Bankrate also frequently updates their security protocols and policies to keep up with industry standards.

    Moreover, their mobile app is highly secure, using advanced encryption technology. It provides an extra layer of security through biometric authentication for iOS devices. Hence, Bankrate customers can be certain that their personal information stays safe and protected when they use the company’s services.

    Overview of security measures

    Bankrate is the real deal! They employ security measures to protect customers’ info. Industry-standard encryption, two-step authentication, single sign-in, and secure servers all make sure customer data is kept safe. Plus, Bankrate requires customers to use strong passwords that are changed often. And, with partner companies, they offer fraud monitoring services.

    All of these security features create a secure environment for customers to use their services without the stress of identity theft or fraud.

    Analysis of encryption protocols

    Phi Kappa Phi is an honor society dedicated to recognizing excellence and promoting service. To keep information secure, complex encryption protocols are used. Encryption scrambles data into “code” until it is received. The encryption used by Phi Kappa Phi is of the highest security standards and attempts at intrusion are detected. Malicious actors will not be able to access information.

    Bankrate’s Products

    Conclusion-Is Bankrate Legit? Uncovering the Truth.

    Bankrate’s products are crafted to aid consumers in making smart decisions with their money. This ranges from mortgages to credit cards, checking accounts, and insurance. Bankrate’s smart tools let you compare financial options, figure out loan payments and returns, read expert commentary, and more.

    Furthermore, Bankrate has a variety of educational resources to help customers comprehend personal finance. If you’re hunting for a budgeting tool or an investment calculator, Bankrate has it all in its comprehensive product offering.

    Overview of available products

    Etsy is an online platform and marketplace with a variety of products. Sellers list their handmade and vintage items, crafts, art, supplies and more for sale. Direct checkout options are available, such as credit cards, PayPal, Apple Pay and Google Pay. Customers can save payment info securely for future purchases.

    Products range from jewelry to furniture to clothing – anything handmade or vintage. There are lots of selections in each category for buyers looking for something specific. They can buy items directly from the seller’s shop on Etsy’s website or app. This allows buyers to access unique products from around the world, which may not be available locally.

    Analysis of fees and interest rates

    Bankrate is a legit online lending platform. It has competitive interest rates and fees for personal loans and other financial products. To use Bankrate, applicants must first submit an online form. This form asks for information about their credit history and financial situation. Bankrate uses this information to decide if they can offer the product. Fees and interest rates will depend on what the applicant wants.

    It’s important to consider all fees and interest rates. Comparing different products will help decide if Bankrate’s product is a help or a burden. It’s essential to understand:

    • origination fees
    • annual fees
    • prepayment penalties
    • late fees
    • what rate ranges have been offered historically

    before deciding.


    To sum up, Bankrate is a reputable and trusted website for financial advice. Their products are dependable and of excellent quality. This is supported by their clients’ positive evaluations and awards from websites like J.D. Power. Bankrate has been in existence since 1976. They offer different financial services such as

    • mortgages
    • credit cards
    • insurance
    • investments
    • savings accounts
    • banking rates

    Moreover, they provide helpful advice to help customers make wise financial decisions. With Bankrate’s long-standing reputation as a respected figure in the finance world, it can be concluded that they are a reliable source of info and services to help manage money well.

    Summary of findings

    Bankrate is an honest firm that offers customer financial services, thus it is secure to utilize their stuff and services. Free delivery is supplied for most products, like mortgages, auto loans, credit cards, insurance, and retirement planning. Returns are just accepted on physical products, such as credit cards or checkbooks. Digital products or services don’t have return eligibility.

    In conclusion, Bankrate is a dependable business with a lengthy background of presenting reliable customer financial services and items. The website is simple to browse and customers feel secure while using their services. Nevertheless, it’s important to remember that the company doesn’t accept returns on digital products or services.

    Final verdict on Bankrate’s legitimacy

    Bankrate is legit. It has a range of financial products, like free credit scores and loan refinancing. And it provides helpful advice.

    Fees are usually low, but you’ll need to pay them before using their services.

    For over two decades, Bankrate has been providing reliable, trustworthy advice in the finance industry. So, if you want affordable deals on mortgages, credit cards, or insurance, Bankrate is a great option!

    FAQs about: Is Bankrate Legit

    Q: Is Bankrate Legit?

    A: Yes, Bankrate is a legitimate company that has been providing financial advice and rate comparisons for over 30 years. They are committed to providing unbiased, accurate and up-to-date financial information.

    Q: What services does Bankrate offer?

    A: Bankrate provides a variety of services, such as comparison shopping for mortgages, auto loans, savings accounts, credit cards, and more. They also offer calculators to help you budget, save and invest, as well as financial advice and news.

    Q: Is Bankrate secure?

    A: Yes, Bankrate is committed to ensuring your data is secure. They use secure socket layer (SSL) encryption technology to protect your personal information, and all data is backed up regularly.