Money Management

[[{“value”:”Image source: Getty Images
If you’re paying interest on credit cards, please try to stop doing that. Credit card debt is the worst kind of debt. The APRs are higher than almost any other type of loan. And unlike so-called “good debt” like a mortgage or an auto loan that helps you afford a roof over your head or a safe ride to work, credit card debt is a bad investment — it doesn’t help you build a better future.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Perhaps the worst thing about credit card debt is that you don’t get anything valuable for that interest you’re paying. Credit card interest makes you keep paying more money for stuff you already bought, like zombie transactions getting more expensive over time.But even if you’re paying credit card interest, it’s not too late to make a plan to get out of credit card debt. Here are a few easy strategies to help slash your credit card interest to zero.1. Use a 0% APR balance transfer credit cardThe fastest, most aggressive move you can make to reduce your credit card interest is: opening a 0% APR balance transfer credit card. If you have good enough credit to qualify, these cards let you move your existing credit card debt to a new card account — and get 0% APR for several months.Ready to pay off credit card debt faster with zero interest? Click here to see our curated list of the best 0% APR balance transfer credit cards — some give you up to 18 or 21 months to pay down your credit card debt with zero interest!Keep in mind that a 0% APR balance transfer card is not a get out of jail free card. You still have to pay off the debt, and you will likely owe balance transfer fees as a small percentage (often 3%-5%) of your total debt that you’re transferring to the new card. And if you don’t pay off the full amount of your transferred balance within your new card’s introductory APR period, you could owe even more interest.2. Ask for a lower APRNot ready for a balance transfer card? That’s OK too. As a credit card customer, you have the right to ask your current credit card company for a better deal — by lowering your APR. Not every credit card company will allow this, and not every person will qualify. But it’s worth asking!Call the customer service number on the back of your credit card, and be prepared to mention:How long you’ve been a customerYour current credit scoreYour positive history of paying credit card bills on timeOther credit card offers that have lower APRs that you might qualify forIf you’re a good customer and haven’t been late making payments, your credit card company might reduce your interest rate. This won’t take your credit card interest to zero, but getting a lower APR can help you save money on interest — and pay off credit card debt faster.3. Pay off higher-interest cards firstIn case your credit score doesn’t qualify for a balance transfer credit card, you just don’t want to open another credit card, and your credit card company won’t lower your APR, that’s fine. You just need to focus on paying off credit card debt as fast as possible.If you want to save maximum money on credit card interest, focus on paying off the cards that charge you the highest interest rates first, and just make minimum payments on everything else. As soon as your highest-interest card is paid off, shift that monthly cash flow to your other lower-APR cards. This technique is known as the debt avalanche method of getting out of credit card debt.4. Use budgeting appsMany people have credit card debt. There are great budgeting apps available, many of them free or with low monthly fees, that can help you visualize your finances, calculate debt payoff schedules, and understand your monthly spending patterns.Getting a better sense of where your money goes can help you direct even more cash toward paying off your credit cards and getting out of debt faster. Spending a few dollars on a budgeting app could help you save hundreds of dollars in credit card interest.5. Seek credit counselingIf you’re having trouble paying your bills and your credit card debt is getting bigger, you might want to talk with a credit counselor. These nonprofit agencies can help you work with credit card companies to reorganize your debt with affordable monthly payments. Credit counseling won’t reduce your credit card interest to zero, but it can lower your stress and get your personal finances back on track.6. Last resort: Consider declaring bankruptcyNo one ever signs up for a credit card with the goal of declaring bankruptcy, but sometimes it happens. If your credit card debt has become unbearable and you have no hope of paying it off, filing for bankruptcy might become a valid option.Keep in mind that there are long-term consequences to filing bankruptcy. It stays on your credit report for several years and can make it harder for you to qualify for other loans. But as an American, declaring bankruptcy is one of your legal rights — and sometimes it’s the best choice to get out of a financial crisis.Bottom lineCredit card interest doesn’t have to drag you down. Look for ways to negotiate a lower APR with your credit card company, use balance transfer cards and budgeting apps, or seek credit counseling if your debt is unmanageable.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

If you’re paying interest on credit cards, please try to stop doing that. Credit card debt is the worst kind of debt. The APRs are higher than almost any other type of loan. And unlike so-called “good debt” like a mortgage or an auto loan that helps you afford a roof over your head or a safe ride to work, credit card debt is a bad investment — it doesn’t help you build a better future.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Perhaps the worst thing about credit card debt is that you don’t get anything valuable for that interest you’re paying. Credit card interest makes you keep paying more money for stuff you already bought, like zombie transactions getting more expensive over time.

But even if you’re paying credit card interest, it’s not too late to make a plan to get out of credit card debt. Here are a few easy strategies to help slash your credit card interest to zero.

1. Use a 0% APR balance transfer credit card

The fastest, most aggressive move you can make to reduce your credit card interest is: opening a 0% APR balance transfer credit card. If you have good enough credit to qualify, these cards let you move your existing credit card debt to a new card account — and get 0% APR for several months.

Ready to pay off credit card debt faster with zero interest? Click here to see our curated list of the best 0% APR balance transfer credit cards — some give you up to 18 or 21 months to pay down your credit card debt with zero interest!

Keep in mind that a 0% APR balance transfer card is not a get out of jail free card. You still have to pay off the debt, and you will likely owe balance transfer fees as a small percentage (often 3%-5%) of your total debt that you’re transferring to the new card. And if you don’t pay off the full amount of your transferred balance within your new card’s introductory APR period, you could owe even more interest.

2. Ask for a lower APR

Not ready for a balance transfer card? That’s OK too. As a credit card customer, you have the right to ask your current credit card company for a better deal — by lowering your APR. Not every credit card company will allow this, and not every person will qualify. But it’s worth asking!

Call the customer service number on the back of your credit card, and be prepared to mention:

• How long you’ve been a customer
• Your current credit score
• Your positive history of paying credit card bills on time
• Other credit card offers that have lower APRs that you might qualify for

If you’re a good customer and haven’t been late making payments, your credit card company might reduce your interest rate. This won’t take your credit card interest to zero, but getting a lower APR can help you save money on interest — and pay off credit card debt faster.

3. Pay off higher-interest cards first

In case your credit score doesn’t qualify for a balance transfer credit card, you just don’t want to open another credit card, and your credit card company won’t lower your APR, that’s fine. You just need to focus on paying off credit card debt as fast as possible.

If you want to save maximum money on credit card interest, focus on paying off the cards that charge you the highest interest rates first, and just make minimum payments on everything else. As soon as your highest-interest card is paid off, shift that monthly cash flow to your other lower-APR cards. This technique is known as the debt avalanche method of getting out of credit card debt.

4. Use budgeting apps

Many people have credit card debt. There are great budgeting apps available, many of them free or with low monthly fees, that can help you visualize your finances, calculate debt payoff schedules, and understand your monthly spending patterns.

Getting a better sense of where your money goes can help you direct even more cash toward paying off your credit cards and getting out of debt faster. Spending a few dollars on a budgeting app could help you save hundreds of dollars in credit card interest.

5. Seek credit counseling

If you’re having trouble paying your bills and your credit card debt is getting bigger, you might want to talk with a credit counselor. These nonprofit agencies can help you work with credit card companies to reorganize your debt with affordable monthly payments. Credit counseling won’t reduce your credit card interest to zero, but it can lower your stress and get your personal finances back on track.

6. Last resort: Consider declaring bankruptcy

No one ever signs up for a credit card with the goal of declaring bankruptcy, but sometimes it happens. If your credit card debt has become unbearable and you have no hope of paying it off, filing for bankruptcy might become a valid option.

Keep in mind that there are long-term consequences to filing bankruptcy. It stays on your credit report for several years and can make it harder for you to qualify for other loans. But as an American, declaring bankruptcy is one of your legal rights — and sometimes it’s the best choice to get out of a financial crisis.

Bottom line

Credit card interest doesn’t have to drag you down. Look for ways to negotiate a lower APR with your credit card company, use balance transfer cards and budgeting apps, or seek credit counseling if your debt is unmanageable.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
Driving may be one of the most convenient ways to get from point A to point B, but you pay a premium for that convenience: Car insurance. And depending on where you live, that may mean you have to pay hundreds of dollars a month for coverage.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Here are the five states that charge the most for basic car insurance policies, and steps you can take to lower your rates.Five most expensive states for car insurance ratesThe average American paid $251 per month for car insurance in 2023. But if you live in one of the most expensive states for car insurance, you could pay anywhere from $104 to $522 per month, depending on how much coverage you get:StateAverage Monthly Rate: Minimum CoverageAverage Monthly Rate: Standard CoverageAverage Monthly RateMichigan$151$522$481New Jersey$120$390$360New York$113$380$350Florida$112$339$314Delaware$104$339$313Data source: Motley Fool Money. Keep in mind that this ranking is based on the rates for minimum coverage. And minimum coverage requirements can vary from state to state, so some drivers may be getting more coverage than others even though both policies fall under the “minimum coverage” umbrella.All but one of these states (Delaware) are no-fault states, which do tend to have higher premiums than states that don’t have that law. No-fault states require drivers to file a claim with their own insurer in the event of an accident, regardless of who was at fault.And from a regional perspective, most of these states are in the South (Florida) or East (Delaware, New Jersey, and New York) regions of the country.Need an affordable auto policy? Check out our list of the cheapest car insurance companies of 2024.Factors that can help you get cheaper car insurance ratesHere are some factors that impact your car insurance rates that drivers can control, or at least make progress on:Driving record: While you can’t help if you’ve had accidents in the past, driving safely and enrolling in driver safety programs offered by insurers can help lower your rates.Car make and model: Consider switching to a car that has a better safety record, or adding safety features to your vehicle to help lower your rates.Coverage type and amount: Minimum coverages tend to cost less than more robust coverages. But make sure that whatever you choose, you can afford your deductibles as those can make the difference between being able to get your car fixed quickly or having to wait months to get it back up and running.Credit: Better credit often translates to better car insurance rates. So paying off debt, making payments to creditors on time, and keeping old credit cards open can all help here.The best car insurance may not always be the cheapest option, but it should fit into your budget. Shopping around for quotes is the best first step to figuring out how much coverage you can afford.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Driving may be one of the most convenient ways to get from point A to point B, but you pay a premium for that convenience: Car insurance. And depending on where you live, that may mean you have to pay hundreds of dollars a month for coverage.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Here are the five states that charge the most for basic car insurance policies, and steps you can take to lower your rates.

Five most expensive states for car insurance rates

The average American paid $251 per month for car insurance in 2023. But if you live in one of the most expensive states for car insurance, you could pay anywhere from $104 to $522 per month, depending on how much coverage you get:

Keep in mind that this ranking is based on the rates for minimum coverage. And minimum coverage requirements can vary from state to state, so some drivers may be getting more coverage than others even though both policies fall under the “minimum coverage” umbrella.

All but one of these states (Delaware) are no-fault states, which do tend to have higher premiums than states that don’t have that law. No-fault states require drivers to file a claim with their own insurer in the event of an accident, regardless of who was at fault.

And from a regional perspective, most of these states are in the South (Florida) or East (Delaware, New Jersey, and New York) regions of the country.

Need an affordable auto policy? Check out our list of the cheapest car insurance companies of 2024.

Factors that can help you get cheaper car insurance rates

Here are some factors that impact your car insurance rates that drivers can control, or at least make progress on:

• Driving record: While you can’t help if you’ve had accidents in the past, driving safely and enrolling in driver safety programs offered by insurers can help lower your rates.
• Car make and model: Consider switching to a car that has a better safety record, or adding safety features to your vehicle to help lower your rates.
• Coverage type and amount: Minimum coverages tend to cost less than more robust coverages. But make sure that whatever you choose, you can afford your deductibles as those can make the difference between being able to get your car fixed quickly or having to wait months to get it back up and running.
• Credit: Better credit often translates to better car insurance rates. So paying off debt, making payments to creditors on time, and keeping old credit cards open can all help here.

The best car insurance may not always be the cheapest option, but it should fit into your budget. Shopping around for quotes is the best first step to figuring out how much coverage you can afford.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Upsplash/ The Motley Fool
Are you making your list and checking it twice? Holiday shopping season is upon us, and luckily, Costco’s here to help. Buying gifts from the warehouse giant is a great way to maximize your Costco membership. Here are five great gifts for less than $50.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!1. OXO SoftWorks POP Storage ContainersYou get a testimonial for this gift idea, because I’ve owned these containers for almost a decade, and I paid more than $47.99 for them — which is what Costco’s charging right now. I use them primarily in my kitchen, but one of the small ones also holds Q-Tips in my bathroom. They look great on your counters or in your cabinets, and the reassuring pop seal keeps them airtight.And as a bonus, you’ll pay about the same price for eight of these as you would pay for just five on Amazon. Pick up these OXO Softworks POP containers for the person who has everything — but could use a little hand keeping it organized.2. Anker MagGo Magnetic Wireless Charging Power BankThe conundrum of modern life — many of us always want to be connected, but power outlets can be scarce in public. Enter these Anker charging power banks, which don’t even require a cord to plug into, provided you have a device that can charge wirelessly. You get a two-pack for just $29.99. Just one of these goes for $19.99 at Best Buy, so for $10 more, you get two gifts.If you’re doing your holiday shopping at Costco, it’s worth using a credit card that earns cash back there — click here for our favorite credit cards for Costco buys.3. Dearfoams SlippersI keep my house fairly cool in the winter and I have hardwood floors, so a good pair of slippers is an absolute must. If you want to give the gift of toasty feet, check out Costco’s deals on men’s and women’s Dearfoams slippers.Turning to the Dearfoams website shows what a deal these slippers are — I found precious few options for less than $30. But at Costco, women’s Dearfoams are going for $11.99 and men’s for $12.99, with two color options for each.4. Vacaville Fruit Company Dried Fruit & Nut TrayThe gift of food is more thoughtful than you may realize. Instead of giving someone an object they must store in their house, you’re giving a consumable they can enjoy over the holidays.At Costco, you can score 34 ounces of dried fruit and nuts arranged artfully in a holiday tin for just $29.99. The selection includes pineapple slices, dates, pistachios, and more. A similar selection sold by Vacaville directly goes for $36.95.Another perk of ordering through Costco? Shipping and handling are included in that online price of $29.99.5. Sur La Table Digital Kettle with InfuserCold winter weather is the perfect condition to cultivate a hot tea habit. Why not give one of your favorite people a head start with an electric kettle that also has a built-in tea infuser? (Once you try loose-leaf tea, you’ll have a hard time going back to tea bags.) You can score this Sur La Table model for $34.99 at Costco.com — but the same one goes for $49.99 at Walmart.There you have it — five thoughtful gifts that won’t break the bank and are sure to be appreciated by the fine folks on your shopping list. Costco’s holiday deals are worth a closer look, even if you usually only turn to this warehouse club for deals on groceries and household supplies.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Amazon, Best Buy, Costco Wholesale, and Walmart. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Are you making your list and checking it twice? Holiday shopping season is upon us, and luckily, Costco’s here to help. Buying gifts from the warehouse giant is a great way to maximize your Costco membership. Here are five great gifts for less than $50.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

1. OXO SoftWorks POP Storage Containers

You get a testimonial for this gift idea, because I’ve owned these containers for almost a decade, and I paid more than $47.99 for them — which is what Costco’s charging right now. I use them primarily in my kitchen, but one of the small ones also holds Q-Tips in my bathroom. They look great on your counters or in your cabinets, and the reassuring pop seal keeps them airtight.

And as a bonus, you’ll pay about the same price for eight of these as you would pay for just five on Amazon. Pick up these OXO Softworks POP containers for the person who has everything — but could use a little hand keeping it organized.

2. Anker MagGo Magnetic Wireless Charging Power Bank

The conundrum of modern life — many of us always want to be connected, but power outlets can be scarce in public. Enter these Anker charging power banks, which don’t even require a cord to plug into, provided you have a device that can charge wirelessly. You get a two-pack for just $29.99. Just one of these goes for $19.99 at Best Buy, so for $10 more, you get two gifts.

If you’re doing your holiday shopping at Costco, it’s worth using a credit card that earns cash back there — click here for our favorite credit cards for Costco buys.

3. Dearfoams Slippers

I keep my house fairly cool in the winter and I have hardwood floors, so a good pair of slippers is an absolute must. If you want to give the gift of toasty feet, check out Costco’s deals on men’s and women’s Dearfoams slippers.

Turning to the Dearfoams website shows what a deal these slippers are — I found precious few options for less than $30. But at Costco, women’s Dearfoams are going for $11.99 and men’s for $12.99, with two color options for each.

4. Vacaville Fruit Company Dried Fruit & Nut Tray

The gift of food is more thoughtful than you may realize. Instead of giving someone an object they must store in their house, you’re giving a consumable they can enjoy over the holidays.

At Costco, you can score 34 ounces of dried fruit and nuts arranged artfully in a holiday tin for just $29.99. The selection includes pineapple slices, dates, pistachios, and more. A similar selection sold by Vacaville directly goes for $36.95.

Another perk of ordering through Costco? Shipping and handling are included in that online price of $29.99.

5. Sur La Table Digital Kettle with Infuser

Cold winter weather is the perfect condition to cultivate a hot tea habit. Why not give one of your favorite people a head start with an electric kettle that also has a built-in tea infuser? (Once you try loose-leaf tea, you’ll have a hard time going back to tea bags.) You can score this Sur La Table model for $34.99 at Costco.com — but the same one goes for $49.99 at Walmart.

There you have it — five thoughtful gifts that won’t break the bank and are sure to be appreciated by the fine folks on your shopping list. Costco’s holiday deals are worth a closer look, even if you usually only turn to this warehouse club for deals on groceries and household supplies.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Amazon, Best Buy, Costco Wholesale, and Walmart. The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
If you’ve taken out a mortgage in the last few years, you probably got hammered with high interest rates. They’re beginning to come down, and many people are eyeing 2025 as a good time to refinance a mortgage and snag a lower rate. But that’s not the only way you can reduce how much you pay.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. There’s another way you may not have considered. And you don’t have to wait until 2025 to get started on it.Which factors affect your mortgage interest rate?Mortgage interest rates fluctuate over time, partly due to the economy. When inflation is high, the Federal Reserve and banks raise interest rates to curb spending, which is what we saw happen over the last few years. When inflation is lower, interest rates drop to encourage borrowing.There’s another huge factor in determining your interest rate: your credit score. Lenders use this as a risk assessment to determine how likely you are to keep up with your payments. Those with the highest credit scores pay the lowest interest rates. And those with low credit scores pay higher interest rates, if they’re approved at all.How much your credit score affects your rates varies by lender, but it can be significant. Raising your credit score from the good range (670 to 739) to the very good range (740 to 799) could shave $56 off a monthly payment on a $400,000 mortgage, according to FICO. That alone could save you more than $20,000 over the life of your mortgage.The results could be even more significant if you start with fair credit (580 to 669) or raise your score to the exceptional tier (800 to 850). Note that these tiers are only approximations. Individual lenders may have slightly different credit tiers than shown here.How can you raise your credit score?Here are some of the best ways to raise your credit score over the coming months.Pay your bills on timePayment history is the largest factor in your credit score calculation, so paying your bills on time is critical. Set reminders for yourself if you need to or use automatic payments if your bank account allows for this. If you can’t afford your payments, contact your lenders and see if you can work something out to help you stay on top of your bills.Pay down credit card debtCredit card debt is problematic because its high interest rates make it difficult to pay off. It can also raise your credit utilization ratio, which is the ratio between the amount of credit you spend each month and the amount available to you. For example, a card with a $2,000 balance and a $10,000 limit has a 20% credit utilization ratio.Ratios under 30% help keep your credit score high. Paying off credit card debt isn’t always easy, but a balance transfer credit card can be a big help. Check out our favorite balance transfer cards to see which one could help you out of debt.Be careful about applying for new credit or closing old credit cardsYour average credit account age affects your credit score, which is why it pays to leave old credit card accounts open even if you’re not using the card. The only exception is if the card charges an annual fee you’re not recouping in rewards.This is also why you want to limit how often you apply for new credit. Applying for new credit leads to hard inquiries on your report, which drops your credit score a few points. It’s no big deal if you’re approved, but if not, you just hurt your score for no reason. So only apply for new credit if you feel pretty confident you’ll get approved.When shopping for a loan, complete all your applications within about 30 days of each other. This way, they’ll only count as one inquiry on your credit report.Give it timeYour credit score provides a long-term look at how you manage borrowed money, so it’s not supposed to be something you can change overnight. It will take months to raise your credit significantly, but don’t let that discourage you.Mortgage interest rates are still falling, so now isn’t the ideal time to refinance anyway. Use the next few months to focus on building your credit so you can score the best possible rate when you’re ready to refinance.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

If you’ve taken out a mortgage in the last few years, you probably got hammered with high interest rates. They’re beginning to come down, and many people are eyeing 2025 as a good time to refinance a mortgage and snag a lower rate. But that’s not the only way you can reduce how much you pay.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

There’s another way you may not have considered. And you don’t have to wait until 2025 to get started on it.

Which factors affect your mortgage interest rate?

Mortgage interest rates fluctuate over time, partly due to the economy. When inflation is high, the Federal Reserve and banks raise interest rates to curb spending, which is what we saw happen over the last few years. When inflation is lower, interest rates drop to encourage borrowing.

There’s another huge factor in determining your interest rate: your credit score. Lenders use this as a risk assessment to determine how likely you are to keep up with your payments. Those with the highest credit scores pay the lowest interest rates. And those with low credit scores pay higher interest rates, if they’re approved at all.

How much your credit score affects your rates varies by lender, but it can be significant. Raising your credit score from the good range (670 to 739) to the very good range (740 to 799) could shave $56 off a monthly payment on a $400,000 mortgage, according to FICO. That alone could save you more than $20,000 over the life of your mortgage.

The results could be even more significant if you start with fair credit (580 to 669) or raise your score to the exceptional tier (800 to 850). Note that these tiers are only approximations. Individual lenders may have slightly different credit tiers than shown here.

How can you raise your credit score?

Here are some of the best ways to raise your credit score over the coming months.

Pay your bills on time

Payment history is the largest factor in your credit score calculation, so paying your bills on time is critical. Set reminders for yourself if you need to or use automatic payments if your bank account allows for this. If you can’t afford your payments, contact your lenders and see if you can work something out to help you stay on top of your bills.

Pay down credit card debt

Credit card debt is problematic because its high interest rates make it difficult to pay off. It can also raise your credit utilization ratio, which is the ratio between the amount of credit you spend each month and the amount available to you. For example, a card with a $2,000 balance and a $10,000 limit has a 20% credit utilization ratio.

Ratios under 30% help keep your credit score high. Paying off credit card debt isn’t always easy, but a balance transfer credit card can be a big help. Check out our favorite balance transfer cards to see which one could help you out of debt.

Be careful about applying for new credit or closing old credit cards

Your average credit account age affects your credit score, which is why it pays to leave old credit card accounts open even if you’re not using the card. The only exception is if the card charges an annual fee you’re not recouping in rewards.

This is also why you want to limit how often you apply for new credit. Applying for new credit leads to hard inquiries on your report, which drops your credit score a few points. It’s no big deal if you’re approved, but if not, you just hurt your score for no reason. So only apply for new credit if you feel pretty confident you’ll get approved.

When shopping for a loan, complete all your applications within about 30 days of each other. This way, they’ll only count as one inquiry on your credit report.

Give it time

Your credit score provides a long-term look at how you manage borrowed money, so it’s not supposed to be something you can change overnight. It will take months to raise your credit significantly, but don’t let that discourage you.

Mortgage interest rates are still falling, so now isn’t the ideal time to refinance anyway. Use the next few months to focus on building your credit so you can score the best possible rate when you’re ready to refinance.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
I’m a fan of shopping online. There’s nothing better than being able to shop for what I need without leaving the house, so I place frequent online orders. In addition to saving money by shopping online deals, coupon codes help me score additional discounts at checkout.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. I’ve saved over $400 this year by entering coupon codes at checkout. You can save money this way, too. Many popular retailers allow shoppers to use coupons. I’ll explain why you should use online coupons and give you some tips to maximize your savings when shopping online.Coupon codes are your friendIf you haven’t used coupon codes, you’re likely spending more than necessary when shopping online. While not every company has coupon codes, many do. One way to find these codes is by using one of the best coupon apps.But that’s not the only way. Many retailers promote coupon codes in their email marketing messages. Some brands also display codes on their website as banners at the top of the screen or during checkout. If you like to save money, you should use these codes.I’ve been using online coupons for years. They’re better than paper coupons because they require less effort to use. I reviewed some of my order confirmation emails from 2024 to find out how much I saved and discovered that I saved over $400 thanks to coupons. I will always spend a few seconds checking to see if there is a coupon I can use before I place an online order.Earn cash back rewards when you shopYes, coupons are great, but they’re not the only money-saving tool in my toolbox.Another way I save money when I shop is by earning cash back rewards. I do this by using cash back apps. Before I begin adding items to my cart, I activate cash back offers. Then, I shop like normal. It’s that simple.I also earn cash back when using rewards credit cards. With the right credit card, it’s easy to earn cash rewards whenever you swipe your card. Want to get rewarded for shopping? Click here to explore our curated list of the top cash back credit cards with big rewards.Tips for best success when using online couponsI’ve picked up some coupon best usage strategies in my years of online shopping — and I’m happy to share them with you. Here are a few tips that can help you maximize your savings:Sign up for newsletters: A simple way to get a coupon is by signing up for email newsletters. Many companies send a discount code to new subscribers. I always sign up for a brand’s email newsletter if it’s my first time shopping with them.Shop during sales to save even more: Some companies offer plentiful coupon codes. A great way to maximize your savings in addition to using a promo code is to time your purchase and shop during a sale. Some retailers restrict whether coupons can be applied to an order when an item is heavily marked down, but it’s worthwhile to see if you can also use a coupon.Check to see if you can stack coupons: It’s less common for retailers to allow coupon stacking, but some companies are more generous. Kohl’s is one retailer that lets you stack coupons. Before placing your next online order, check to see if you can stack your savings.Coupons can lower your shopping billWant to stretch your holiday shopping budget further? Don’t ignore additional opportunities to save money. Coupon codes are an easy way to lower your shopping bill. The more you save, the more money you’ll have to prioritize your financial goals.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

I’m a fan of shopping online. There’s nothing better than being able to shop for what I need without leaving the house, so I place frequent online orders. In addition to saving money by shopping online deals, coupon codes help me score additional discounts at checkout.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

I’ve saved over $400 this year by entering coupon codes at checkout. You can save money this way, too. Many popular retailers allow shoppers to use coupons. I’ll explain why you should use online coupons and give you some tips to maximize your savings when shopping online.

Coupon codes are your friend

If you haven’t used coupon codes, you’re likely spending more than necessary when shopping online. While not every company has coupon codes, many do. One way to find these codes is by using one of the best coupon apps.

But that’s not the only way. Many retailers promote coupon codes in their email marketing messages. Some brands also display codes on their website as banners at the top of the screen or during checkout. If you like to save money, you should use these codes.

I’ve been using online coupons for years. They’re better than paper coupons because they require less effort to use. I reviewed some of my order confirmation emails from 2024 to find out how much I saved and discovered that I saved over $400 thanks to coupons. I will always spend a few seconds checking to see if there is a coupon I can use before I place an online order.

Earn cash back rewards when you shop

Yes, coupons are great, but they’re not the only money-saving tool in my toolbox.

Another way I save money when I shop is by earning cash back rewards. I do this by using cash back apps. Before I begin adding items to my cart, I activate cash back offers. Then, I shop like normal. It’s that simple.

I also earn cash back when using rewards credit cards. With the right credit card, it’s easy to earn cash rewards whenever you swipe your card. Want to get rewarded for shopping? Click here to explore our curated list of the top cash back credit cards with big rewards.

Tips for best success when using online coupons

I’ve picked up some coupon best usage strategies in my years of online shopping — and I’m happy to share them with you. Here are a few tips that can help you maximize your savings:

• Sign up for newsletters: A simple way to get a coupon is by signing up for email newsletters. Many companies send a discount code to new subscribers. I always sign up for a brand’s email newsletter if it’s my first time shopping with them.
• Shop during sales to save even more: Some companies offer plentiful coupon codes. A great way to maximize your savings in addition to using a promo code is to time your purchase and shop during a sale. Some retailers restrict whether coupons can be applied to an order when an item is heavily marked down, but it’s worthwhile to see if you can also use a coupon.
• Check to see if you can stack coupons: It’s less common for retailers to allow coupon stacking, but some companies are more generous. Kohl’s is one retailer that lets you stack coupons. Before placing your next online order, check to see if you can stack your savings.

Coupons can lower your shopping bill

Want to stretch your holiday shopping budget further? Don’t ignore additional opportunities to save money. Coupon codes are an easy way to lower your shopping bill. The more you save, the more money you’ll have to prioritize your financial goals.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
Picture it: You’re relaxing in an airport lounge ahead of a long international flight. You’re sipping a free drink, and feeling happy that you were able to check your suitcase for free (and you have insurance coverage in case it doesn’t turn up at baggage claim at your destination).Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. How’d you get so lucky? It’s all thanks to your travel rewards card. But wait! This scenario is but a fantasy, because you’re not actually the right candidate for this kind of credit card at all. Here’s how you can tell.1. You’re not a travelerSure, you might love the idea of free drinks and comfortable seating in an airport lounge, and free checked suitcases — but despite this, you really don’t travel much at all. If you’re not the kind of person who will take advantage of the special benefits that come with many of the best travel rewards cards, then you’re probably not the best candidate for them.Thankfully, there is a rainbow of card options out there with perks that benefit different kinds of travelers. For example, maybe you’re not a frequent flyer, but you enjoy road trips and hotel stays — there are cards that’ll suit your life. Ditto if you frequently rent cars — you can even find cards that come with primary rental car insurance, which will save you a pretty penny if something goes wrong with a rental car.But if you’re a homebody who can’t remember the last time you were excited for a vacation, give travel cards a miss.2. You’ll need to carry a balanceCarrying a balance on a credit card is an expensive prospect in many cases, and this is especially true if that balance is revolving on a travel credit card. Most travel cards don’t come with a 0% APR intro period you can use to pay off an existing balance or finance a big purchase — this is a more common feature among other types of cards (more on those below).I took a peek at the interest rates for some of Motley Fool Money’s favorite travel rewards cards, and found APRs ranging from 19.99% to 29.49% — ouch. A rate that high will make your balance that much more expensive to carry from month to month. If you’re hoping to finance a purchase, transfer a balance, or even just not pay in full for credit card purchases every month, travel cards aren’t the right fit for you.3. You don’t want to pay an annual feeFree options for travel rewards cards tend to be less impressive than their fee-bearing counterparts. You won’t get that airport lounge access, TSA PreCheck credit, or comprehensive lost luggage insurance with a travel card that costs $0 per year — sorry, that’s just a fact of life.While there are a few decent free travel cards out there, you’ll have to spend at least $95 per year to gain access to the kind of perks that can measurably improve a vacation. This isn’t a bad thing, in my estimation — I pay $95 for one of my travel cards and I easily get more than enough value from it to justify the cost. But if the idea of paying a credit card company to use its products doesn’t thrill you, travel cards probably aren’t a good match.Luckily, you have other optionsTake travel credit cards out of the mix, and you might assume your options are limited for cards with flashy perks. Not so!Rewards credit cards offer great benefits and high earn rates on different types of spending, and many of them even come without annual fees. Take groceries, for example — this tends to be a big spending category for Americans. According to data amassed by Motley Fool Money, we spent an average of $832 a month on food last year.But you could earn as much as 6% cash back at the grocery store with the right card! Click here to check out our favorite picks for grocery rewards cards.Another perk of rewards and cash back cards? Intro APR offers. If you need to transfer a balance, you can target a balance transfer card specifically — these might not have the best rewards programs, but their biggest advantage is giving you a long period of time to pay off your balance with no interest.But if you need to make a big purchase and pay it off over time, take a gander at the best 0% APR credit cards — you could get as long as 21 months of 0% APR.Even if a travel rewards card isn’t the best fit for your life, it doesn’t mean there isn’t another card option you should consider. Focus on cash back and rewards cards instead, and you’re likely to find one with benefits you can use and enjoy.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Picture it: You’re relaxing in an airport lounge ahead of a long international flight. You’re sipping a free drink, and feeling happy that you were able to check your suitcase for free (and you have insurance coverage in case it doesn’t turn up at baggage claim at your destination).

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

How’d you get so lucky? It’s all thanks to your travel rewards card. But wait! This scenario is but a fantasy, because you’re not actually the right candidate for this kind of credit card at all. Here’s how you can tell.

1. You’re not a traveler

Sure, you might love the idea of free drinks and comfortable seating in an airport lounge, and free checked suitcases — but despite this, you really don’t travel much at all. If you’re not the kind of person who will take advantage of the special benefits that come with many of the best travel rewards cards, then you’re probably not the best candidate for them.

Thankfully, there is a rainbow of card options out there with perks that benefit different kinds of travelers. For example, maybe you’re not a frequent flyer, but you enjoy road trips and hotel stays — there are cards that’ll suit your life. Ditto if you frequently rent cars — you can even find cards that come with primary rental car insurance, which will save you a pretty penny if something goes wrong with a rental car.

But if you’re a homebody who can’t remember the last time you were excited for a vacation, give travel cards a miss.

2. You’ll need to carry a balance

Carrying a balance on a credit card is an expensive prospect in many cases, and this is especially true if that balance is revolving on a travel credit card. Most travel cards don’t come with a 0% APR intro period you can use to pay off an existing balance or finance a big purchase — this is a more common feature among other types of cards (more on those below).

I took a peek at the interest rates for some of Motley Fool Money’s favorite travel rewards cards, and found APRs ranging from 19.99% to 29.49% — ouch. A rate that high will make your balance that much more expensive to carry from month to month. If you’re hoping to finance a purchase, transfer a balance, or even just not pay in full for credit card purchases every month, travel cards aren’t the right fit for you.

3. You don’t want to pay an annual fee

Free options for travel rewards cards tend to be less impressive than their fee-bearing counterparts. You won’t get that airport lounge access, TSA PreCheck credit, or comprehensive lost luggage insurance with a travel card that costs $0 per year — sorry, that’s just a fact of life.

While there are a few decent free travel cards out there, you’ll have to spend at least $95 per year to gain access to the kind of perks that can measurably improve a vacation. This isn’t a bad thing, in my estimation — I pay $95 for one of my travel cards and I easily get more than enough value from it to justify the cost. But if the idea of paying a credit card company to use its products doesn’t thrill you, travel cards probably aren’t a good match.

Luckily, you have other options

Take travel credit cards out of the mix, and you might assume your options are limited for cards with flashy perks. Not so!

Rewards credit cards offer great benefits and high earn rates on different types of spending, and many of them even come without annual fees. Take groceries, for example — this tends to be a big spending category for Americans. According to data amassed by Motley Fool Money, we spent an average of $832 a month on food last year.

But you could earn as much as 6% cash back at the grocery store with the right card! Click here to check out our favorite picks for grocery rewards cards.

Another perk of rewards and cash back cards? Intro APR offers. If you need to transfer a balance, you can target a balance transfer card specifically — these might not have the best rewards programs, but their biggest advantage is giving you a long period of time to pay off your balance with no interest.

But if you need to make a big purchase and pay it off over time, take a gander at the best 0% APR credit cards — you could get as long as 21 months of 0% APR.

Even if a travel rewards card isn’t the best fit for your life, it doesn’t mean there isn’t another card option you should consider. Focus on cash back and rewards cards instead, and you’re likely to find one with benefits you can use and enjoy.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More