May 2017 has brought us some interesting personal finance articles from around the web. Here are 4 that we found most interesting.
First, Wisebread has posted an article entitled 4 Ways Your Credit Union is Changing for the Better. The article points out how credit unions are going mobile, becoming more agile, promoting more women and staying true to their communities. This could be a good time to look at the best credit union savings rates near you, as well as the best credit union CD or time deposit rates near you.
Second, ConsumerismCommentary has an article entitled Will the Fed’s Rate Increase Cost you More Money. The author suggests that consumers think about extinguishing variable rate debt, and that they also look at mortgaging or re-mortgaging before rates go up. We think these are good suggestions and think that this is a good time to check mortgage rates where you live. You can check them here.
Third, ViewFromTheWing has a good analysis of how much you should put on the Chase British Airways card – should you go for just the 50,000 sign up bonus or should you go for the incremental bonuses. We find the British Airways cards to be one of the most interesting travel rewards credit cards because following the retirement of the Fairmont card, it is the only major airline or hotel card, that provides incremental rewards beyond the initial spend level. View from the Wing recommends that you only focus on meeting sign up 50,000 bonus, and then consider going for the additional 25,000 points after reaching a total of $10,000 in spend. We’d suggest that depending on your spend, you might want to consider not only spending an additional $10,000 on the card for another 25,000 points (giving you 2.5 points per dollar spend), but also going for the companion ticket that you get if you spend a total of $30,000 over a year. Check out the best travel rewards credit cards here.
Finally, TheFinanceBuff has an interesting article about replacing iBonds lost in a robbery. You can learn more about iBonds here. Fortunately, IBonds are not bearer bonds so there person who stole them cannot really use them. BestCashCow doesn’t particularly recommend then, but many people do buy them should read this story, especially as you are permitted to buy more each year if you buy in both paper and electronic format, than just in electronic format.