Weighing up Bankrate for your financial planning? Unsure of its reliability? Worry not! This article will reveal the truth about Bankrate and its trustworthy advice. Discover how to evaluate its trustworthiness and make the correct choice for your finances.
Contents
Quick facts: Is Bankrate Legit
- ✅ Bankrate is the largest aggregator of financial rate information in the U.S., with over 12 million visitors each month (Bankrate).
- ✅ Bankrate is a certified member of the Online Trust Alliance (OTA) and adheres to its principles of transparency and responsibility.
- ✅ Bankrate has been in business since 1976 and has over 40 years of experience in providing quality financial information (Bankrate).
- ✅ Bankrate is rated as an A+ business by the Better Business Bureau (Better Business Bureau).
- ✅ Bankrate is a trusted source of financial advice and information by millions of Americans (Gallup).
Introduction
Is Bankrate really legit? That’s what this article will explore. We’ll dive into the company’s history, assess its legitimacy, share customer feedback, and show you how to use the site. After reading, you’ll know if Bankrate is worth your time and money.
Bankrate is a place to compare rates on mortgages, auto loans, home equity, and more. It’s become a popular spot to find competitive, reliable quotes. You can use the website to research your finances.
Background of Bankrate
Bankrate is a financial services company. It offers advice on personal finance, mortgage rates, insurance quotes, and retirement planning. Founded in 1976 by brothers Michael and Ralph Levy, it is now one of the biggest online publishers of financial guidance.
It provides over 14 million users with current info on interest rates, loan products, savings accounts, and more. Bankrate has partnerships with big banks and other lenders to help people make sensible decisions with their money. It is renowned for its yearly Best Bank Awards and Best Credit Card Offers survey.
Consumers can use Bankrate’s website to compare loan and credit card interest rates or get recommendation from pro experts. Aside from its website, Bankrate also publishes books on taxes, mortgages, and financial management.
Bankrate’s Reputation
Bankrate is a much-trusted financial resource. It has earned fame in the industry as a reliable and independent source of financial info. The company was founded in 1976. Its mission? To provide consumers with the widest and most extensive range of personal finance advice and tools.
The website offers up-to-date mortgage rates, credit card comparisons, insurance quotes, tax calculators, investment strategies, retirement planning advice, saving and budgeting tools. Plus, analysis from industry experts. Bankrate also has a mobile app. Customers can download it to manage their personal finances on the go.
All these services have made Bankrate one of the most highly-regarded financial institutions around today.
Bankrate’s Financial Strength
Bankrate stands out from other lenders with its strong financial rating. It’s conservative with loan management and always meets customer expectations. Bankrate has a risk-based pricing structure. That means the better your credit, the lower the rates and fees. Plus, they prioritize customer service. Their loan experts offer free 1-on-1 sessions. So, customers can get tailored advice.
Bankrate also provides online resources like calculators and FAQs. This helps customers quickly figure out estimated costs. All these qualities make Bankrate one of the most trusted and reliable lenders.
Customer Reviews
Customer reviews of Bankrate reveal its great products and services. Consumer Reports, and other popular review sites, give Bankrate high ratings for its user-friendly interface, extensive range of financial products, and timely and accurate service.
Customers love Bankrate’s easy instructions when applying for loans and help with credit cards and other payment solutions.
Bankrate values customer feedback. It regularly takes customer opinions into account to make sure its services are up to date. As a reward, it gives discounts on certain products or services. This shows Bankrate’s dedication to satisfying customers and meeting their needs quickly.
BBB Rating
The Better Business Bureau (BBB) is a non-profit organization. It aims to build trust between businesses and customers. The BBB reviews, investigates and rates businesses. It looks at factors like ethics, customer service, background information, and more. The BBB rating system helps people search a database of approved businesses.
IBZStore’s BBB rating is an A+. This means it meets all BBB standards and provides great customer service. For the past three years, there have been no customer complaints or other issues with IBZStore’s services or products. This shows commitment to customer experience and trust building.
Bankrate’s Security Measures
Bankrate takes security and privacy seriously. Enterprise-level encryption, data storage encryption, firewalls, and other technologies protect customer data. They are registered with the Better Business Bureau, have an A+ rating, and meet Payment Card Industry regulations. Plus, Bankrate offers two-factor authentication for extra protection.
All these measures give customers assurance that their accounts are secure when dealing with Bankrate.
Encryption Protocols
Encryption Protocols are a way to secure data transmission over networks, including the internet. They use math algorithms to protectedly send data between websites. Banks and financial institutions use them to safeguard customer info such as account numbers, passwords, and SSNs. Websites may use encryption protocols for online purchases or forms.
To ensure security when exchanging information, make sure the website you’re using has an encryption protocol. Bankrate uses Secure Socket Layer (SSL) protocol for privacy and security. This gives customers assurance when sharing sensitive info with Bankrate.
Two-Factor Authentication
Two-factor authentication is a security process which needs two distinct forms of identification to access an account. It’s mostly used when logging in to a secure website or system. It involves more than just a username and password to identify the user.
For two-factor authentication, users get an extra form of verification like an email or SMS code. This must be entered in addition to their login credentials. This extra layer of safety ensures only allowed users can access an account, and prevents misuse and fraud.
Bankrate reviews validate this site by giving info regarding its two-factor authentication system which adds another layer of security for customer data and accounts. The reviews also provide information on bank options, automated payments, and customer service options, helping customers make informed decisions.
Data Storage
Data Storage is an option to the classic loan service from Motive Loan and other lenders. Instead of a borrower having to borrow against a certain asset, Data Storage gives them the chance to save their data with a safe, third-party provider. This provider then makes the data accessible to lenders. They can use this data to decide if they want to lend and how much.
Advantages of Data Storage include quick approval times and access to funds without any security or collateral.
Bankrate is a popular online platform for getting the most competitive interest rates and better loan terms. This makes them one of the most trusted lenders for those wanting an alternative loan solution.
Final Thoughts
Bankrate is an honest, dependable financial provider. Though its data may not always be 100% accurate, Bankrate takes its security seriously and does everything it can to give out precise, dependable info for its patrons. It serves as a one-stop shop for many financial services, from credit cards to banking. Signing up for Bankrate may even come with some discounts!
Whether you need a comprehensive financial service or just some tips, Bankrate is worth looking into. Our research shows that Bankrate is a dependable source for financial advice, to help you make the best decisions with your money.
Pros and Cons
Pros:
- Bankrate offers good customer service, with many reps to help with queries.
- Simple to use and navigate, to compare rates from different providers.
- Detailed info on loan products like APR, fees and closing costs.
- Secured website with bank-level encryption for personal data.
Cons:
- Not as many options for mortgages and other loan products.
- Customer service not 24/7 and hard to reach when closed.
- No advice or guidance on which loan provider is best for individual situation.
Summary
This article investigates Bankrate’s legitimacy. It’s a research-backed resource to help people discover the truth behind financial products. Bankrate is independent and provides users expert opinions on topics like savings accounts and car insurance. It offers tool comparisons and access to calculators and reviews.
Bankrate gives people an objective way to decide on their future without being misled. It’s a reliable source of info to make informed financial decisions.
FAQs about: Is Bankrate Legit
Q1: Is Bankrate a legitimate website?
A1: Yes, Bankrate is a legitimate website providing financial advice and services. Bankrate is a trusted source for financial information and has been in business for over 25 years.
Q2: Does Bankrate offer financial advice?
A2: Yes, Bankrate offers various types of financial advice such as credit cards, mortgages, investments, insurance, and more. Bankrate is a great place to get unbiased advice on various financial topics.
Q3: Does Bankrate provide loan services?
A3: Yes, Bankrate offers loan services such as auto loans, home equity loans, personal loans, and more. Bankrate is a great place to compare different loan options to find the best one for you.