Chase has increased the bonus on both of their Disney Visa credit cards:
Chase Disney Premier Visa Card with $49 annual fee: Get $400 Statement Credit after you spend $1000 on purchases in the first 3 months from account opening. (regular bonus is $300)
Chase Disney Visa Card with no annual fee: Get $250 Statement Credit after you spend $500 on purchases in the first 3 months from account opening. (regular bonus is $150)
Card Details
Cards come with some Disney perks. See our full review of these cards in this dedicated post.
Our Verdict
Even without accounting for any card benefits, $400 is a nice cash signup bonus. After deducting the $49 annual fee you’ll still end up with $351. I assume most people will go for the Premier card and do the extra $500 of spend in order to get the extra $101 in bonus when compared to the $250 bonus on the no-fee card.
If you have a friend with the Disney card, they can refer you and they’ll get 100 Disney Rewards Dollars. And you’ll still get the full $250 or $400 signup bonus.
Just keep in mind this card is subject to the 5/24 rule and it also will take up a 5/24 slot. Check out these Things To Know About Chase Credit Cards before applying. We’ll add this to our list of Best Current Credit Card Signup Bonuses.
American Express has added ‘family’ language to their Everyday card, but not to their Everyday Preferred card. If you already got the bonus on the Everyday card, you can still get the bonus on the Everyday Preferred card, but if you already had the Everyday Preferred card, you can no longer get the bonus for signing up to the Everyday card.
You may not be eligible to receive the welcome offer, intro APRs, and intro plan fees if you have or have had this Card, the Amex EveryDay® Preferred Credit Card or previous versions of these Cards. You also may not be eligible to receive the welcome offer, intro APRs, and intro plan fees based on various factors, such as your history with credit card balance transfers, your history as an American Express Card Member, the number of credit cards that you have opened and closed and other factors. If you are not eligible for the welcome offer, intro APRs, and intro plan fees we will notify you prior to processing your application so you have the option to withdraw your application.
We’ve recently seen Amex add similar family language to the Blue Cash card, the Gold card, and Delta card. They’ve also recently combined the various versions of the Platinum card into one family as well .
Netflix has come a long way from its 1998 start of mailing rental DVDs to consumers. There’s no doubt that today it reigns as one of the most popular streaming services out there, gaining the No. 1 spot in U.S. News & World Report’s list of best on-demand streaming services for its expansive library and award-winning original content.
In fact, according to a recent Netflix earnings report, more than 238 million people have monthly subscriptions as of 2023. But is Netflix the right streaming service for you? Explore how much Netflix costs and how the cost per month could fit into your overall budget.
Netflix costs $6.99 to $19.99 per month, depending on your subscription plan. It offers three plans: Standard With Ads, Standard and Premium. A former popular choice was the Basic plan at $9.99, but Netflix recently eliminated this option for new or rejoining members. If you’re currently on the Basic plan, you can keep your account as-is until you decide to change plans or cancel.
Users can cancel anytime. They can watch for the rest of the current billing period, and service ends when the next billing cycle starts. Customers who pay with credit or debit card also have the option to pause service for a month at a time rather than canceling, for up to three months.
Netflix subscription cost
Netflix only offers monthly subscriptions; there’s no option to pay yearly for a discount.
Standard with ads: $6.99 per month
With the Standard with ads plan, subscribers can access the majority of Netflix’s library in full high-definition and watch ad-supported film and television on two supported devices at a time. Supported devices include your smartphone or tablet, smart TV, laptop, or a streaming device such as Roku or Google Chromecast.
Downloading content onto a device to watch offline is not available with this plan.
Standard: $15.49 per month
The Standard plan is similar to the Standard with ads plan in that users can watch Netflix on two devices at a time, but have the added benefit of downloading content onto two devices and watching unlimited ad-free movies and shows. The Standard plan also includes full HD.
In previous Netflix offerings, users could share passwords with friends and family not living in the same household. But in late May, Netflix cracked down on password sharing, telling U.S. customers that their Netflix account “is for you and the people you live with — your household.” Customers now must pay $7.99 per month to share their account with people outside their household. Under the standard plan, users can add only one “extra member” outside their household.
Premium: $19.99 per month
Premium subscribers have unlimited ad-free viewing and can use up to four devices simultaneously, with the capability to download content onto six devices. Enhanced viewing features, like Ultra HD and Netflix spatial audio, set Premium subscriptions apart from the other options. Premium users also have the opportunity to add to the account two extra members not within the same household for shared access, at $7.99 each per month.
Regardless of which tier seems the most suitable today, price increases are on the horizon. The price of major ad-free streaming services has escalated by 25% in the past 12 months, according to The Wall Street Journal. While Netflix has been one of the few that has not increased prices since 2022, it is reported to be planning a pricing change once the Hollywood actors’ strike is over.
How do streaming services fit into your budget?
When deciding whether to add a new streaming subscription or adjust your current ones, it’s a good idea to reevaluate your budget. The 50/30/20 framework can be helpful; it means you allocate up to 50% of your income for needs, 30% for wants, and 20% for savings and debt repayment.
Streaming services fall into the category of wants, or the 30% available from your take-home pay. There’re a few ways to approach fitting streaming services like Netflix into your budget.
First, consider all the expenditures in your wants category — are there ways to save elsewhere, like reducing online shopping or cutting back on restaurant visits? Freeing up funds from other wants can make room in a budget for costlier streaming options.
Likewise, reviewing the number of monthly subscriptions you have and reassessing whether you still use and want them all can help keep a budget on track. Ask yourself: How much do I use each service? If I have to choose one, would I rather have subscription A or B?
If you’re a credit card user, check your rewards categories and see if you earn cash back or bonus points for subscription services. While it may not be worth opening a new card for these perks alone, it can be a nice complement to an existing budgeting strategy.
The difference between the two travel cards mostly comes down to basic math: As a mid-tier travel card, the Sapphire Preferred has a$95 annual fee, but the Venture X is considered a premium travel card — and has the hefty price tag to match. The Venture X certainly delivers when it comes to luxury perks, but the card won’t be the right choice if you won’t make use of any of those benefits, or aren’t willing to pay for them.
Here’s how to decide between the Chase Sapphire Preferred® Card and Capital One Venture X Rewards Credit Card.
At a glance
How the cards compare
Capital One Venture X Rewards Credit Card
Chase Sapphire Preferred® Card
on Chase’s website
Annual fee
Welcome bonus
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®.
Rewards
10X miles on hotels and rental cars booked through Capital One Travel.
5X miles on flights booked through Capital One Travel.
2X miles on all other purchases.
Earn 5X points on travel purchased through Chase Ultimate Rewards®, excluding hotel purchases that qualify for the $50 annual Ultimate Rewards® hotel credit.
Earn 3X points on dining, including eligible delivery services, takeout and dining out.
Earn 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs).
Earn 3X points on select streaming services.
Earn 2X on travel purchases not booked through Chase Ultimate Rewards® .
Earn 1X per dollar spent on all other purchases.
Extra benefits
$300 annual credit for bookings through Capital One Travel.
$100 credit for Global Entry or TSA PreCheck.
Get 10,000 bonus miles (equal to $100 toward travel) every year, starting on your first anniversary.
Every year, earn bonus points equal to 10% of your total purchases made the previous year.
Up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards.
Still not sure?
Why Chase Sapphire Preferred® Card is better for most people
Lower annual fee
Annual fees for credit cards aren’t inherently bad, and in most cases the more you pay, the more you get. Still, forking over a large fee for a travel card can be a tough pill to swallow. The annual fee for the Chase Sapphire Preferred® Card is several hundred dollars less than the Venture X’s. And when you consider how much value you get for the Chase Sapphire Preferred® Card and its $95 annual fee, many people will find it hard to justify paying hundreds more for another travel credit card.
Better transfer partners
Transfering points to a partner airline or hotel is one of the best ways to squeeze more value out of them. While Chase has fewer transfer partners than Capital One, most travelers will find Chase’s to be more attractive. For example, only Chase partners with United and Hyatt, and Hyatt boasts perhaps the best transfer value at 2.3 cents per point, according to NerdWallet’s analysis.
Capital One also boasts an array of airline and hotel transfer partners, but they are largely foreign brands. Savvy travelers can find outsize value from Capital One’s partners, but many travelers will find Chase’s options more accessible.
Full list of Chase transfer partners
Aer Lingus (1:1 ratio).
Air Canada (1:1 ratio).
Air France-KLM (1:1 ratio).
British Airways (1:1 ratio).
Emirates (1:1 ratio).
Iberia (1:1 ratio).
JetBlue (1:1 ratio).
Singapore (1:1 ratio).
Southwest (1:1 ratio).
United (1:1 ratio).
Virgin Atlantic (1:1 ratio).
Hyatt (1:1 ratio).
InterContinental Hotels Group (1:1 ratio).
Marriott (1:1 ratio).
Full list of Capital One transfer partners
Aeromexico (1:1 ratio).
Air Canada (1:1 ratio).
Air France-KLM (1:1 ratio).
Avianca (1:1 ratio).
British Airways (1:1 ratio).
Cathay Pacific (1:1 ratio).
Emirates (1:1 ratio).
Etihad (1:1 ratio).
EVA (2:1.5 ratio).
Finnair (1:1 ratio).
Qantas (1:1 ratio).
Singapore Airlines (1:1 ratio).
TAP Air Portugal (1:1 ratio).
Turkish Airlines (1:1 ratio).
Accor (2:1 ratio).
Choice Privileges Hotels (1:1 ratio).
Wyndham Rewards (1:1 ratio).
Broader rewards structure
The rewards structure on the Chase Sapphire Preferred® Card makes the card more suited for everyday spending than the Venture X. The latter has the potential to earn up to an eye-popping 10x on travel, but you’ll have to book that travel through the Capital One portal. The card earns a respectable 2x on everything.
With the Chase Sapphire Preferred® Card you’ll earn 3x points on dining, including delivery services and takeout; streaming services; and online grocery purchases. If your spending habits sync with the Sapphire Preferred’s rewards structure, you’ll be able to effortlessly rack up points to pay for your next vacation.
🤓Nerdy Tip
By adding another no-fee card or two to your wallet, you can create a Chase Trifecta and supercharge your Ultimate Rewards® earnings. The Chase Freedom Flex℠ earns 5x up to $1,500 per quarter in rotating bonus categories when you activate (1x on everything else), plus 3x at drugstores.
Points worth 25% more
As major card issuers, both Chase and Capital One have their own travel portals through which cardholders can book flights, hotels and car rentals. However, Chase’s Ultimate Rewards® travel portal offers slightly better value. Points are worth 1.25 cents each when used to book through Chase while one Capital One mile is worth 1 cent.
Who might prefer the Capital One Venture X Rewards Credit Card
You want lounge access
True to its classification as a premium travel card, the Venture X grants its cardholders and two guests unlimited access to more than 1,000 airport lounges including Priority Pass lounges and Capital One lounges.
If you want lounge access but prefer Chase’s lineup of credit cards, your only option is the $550-annual-fee Chase Sapphire Reserve®.
You like Capital One’s travel portal
Booking travel through Capital One’s portal is the best way to offset most of the Venture X’s annual fee. Cardholders will receive a $300 annual credit toward travel expenses, which can be used in a single transaction or across multiple purchases. If you don’t mind booking through the portal, the $300 credit plus the 10,000 anniversary points you’ll get each year you renew (worth $100) will cover the entire annual fee of the card.
The Chase Sapphire Preferred® Card offers an annual credit, too, but it’s $50 and only good for hotel bookings through the Ultimate Rewards® portal.
You want trusted traveler program credit
Skipping the line in a crowded airport can be a huge perk, and Capital One Venture X Rewards Credit Card cardholders get a $100 credit for Global Entry or TSA PreCheck. The Chase Sapphire Preferred® Card offers no such reimbursement. Note, though, that you must pay for the Global Entry or TSA PreCheck fee with the Venture X card, and the $100 credit renews every four years, not annually.
Which card should you get?
The Chase Sapphire Preferred® Card, with its reasonable annual fee, top-tier travel partners and access to Chase’s travel portal, is the perfect entree into the world of travel credit cards. Plus, the $95 annual fee can be partly recouped by redeeming the hotel travel credit. Only if you’re after luxury perks and are comfortable paying a triple-digit annual fee should you commit to the Capital One Venture X Rewards Credit Card.
Refinancing your mortgage can be a smart financial move if you do it the right way. You can tap into your home equity, get a lower interest rate, or even shorten or lengthen the terms of your loan. All of these are great outcomes for you and your wallet.
But here’s something that’s not so great: Picking the wrong mortgage refinance lender.
This one major mistake can potentially cost you tons of money in closing costs, hidden fees, and high interest rates.
You can avoid that by learning just a bit about what to expect throughout the refinance process and how to find the right lender. We’ll walk you through everything you need to know and give you some suggestions for the big decision.
9 Best Mortgage Refinance Lenders of 2023
We’ve compiled a list of the best mortgage refinance companies with the most competitive mortgage rates. Read through our short reviews to understand what kind of mortgage products they offer and how their process works. It’s an excellent resource for narrowing down your list of refinance lenders to consider.
1. loanDepot
loanDepot is a lender that values and earns customer loyalty. This is evident by their refinancing lifetime guarantee. Once you refinance with them the first time, they will waive their lender fees and reimburse your appraisal fee.
It’s also an excellent choice for people who like a person-to-person connection. You can call them at any time to talk directly to a loan officer.
This can be especially helpful for a refinance because there are many reasons for refinancing and many ways to refinance.
After defining your goals, they let you choose from both fixed-rate and adjustable-rate loans. There are other loan types available, such as jumbo and government, or even home equity loans. The minimum credit score is 620.
They are committed to customer satisfaction and back it up with extensive refinance products.
Terms and conditions apply.
Read our full review of loanDepot
2. LendingTree
LendingTree offers a ton of benefits when it comes to refinancing. First, the online process is very easy and can even get you a mortgage rate quote in under three minutes.
LendingTree isn’t a direct lender and instead matches you up with multiple loan offers with mortgage lenders, so you can compare your options.
Here’s why that’s so helpful.
It makes LendingTree’s refinance options much more robust than many other online lenders. For example, you can convert an adjustable-rate mortgage into a fixed rate or refinance your FHA loan or even VA loan.
You can also cash out home equity as part of your refinance or choose from multiple loan terms.
If you’re still in the information-gathering stage of your refinance journey, LendingTree’s website has many valuable resources.
Play around with numbers to check out different scenarios using tools like their refinance calculator and cost estimator.
Read our full review of LendingTree
3. Rocket Mortgage
Another driving force in the online refinance marketplace is Rocket Mortgage, which is part of Quicken Loans.
The application process is straightforward and can be completed entirely online. You can pick your goal for your refinance to help Rocket tailor your loan offers.
You can even link your financials and property information so that you don’t have to gather and upload all the documentation manually. In fact, 98% of financial institutions in the U.S. can be imported for both your bank statements and investment assets.
Rocket Mortgage also allows you not only to browse different options but also customize them. You can choose from a traditional mortgage product, FHA loans, VA loans, USDA loans as well as fixed or adjustable rates. The minimum credit score is 620.
For an exceptional customer service focused experience that’s entirely based online, Rocket Mortgage is certainly worth exploring.
Read our full review of Rocket Mortgage
4. New American Funding
Another direct lender, New American Funding, is a mortgage company that simplifies the online mortgage process. Get started by selecting the type of real estate you want to refinance.
You can choose from:
Single family home
Condo
Townhouse
Multi-unit
Other
You’ll then answer a series of questions about your personal information, including the existing loan amount and your credit scores.
Afterward, you’ll get a quote estimate on the type of refinance loan you could potentially receive. You can also call the 800-number at any time to speak to one of New American Funding’s loan officers.
The average refinance saves their customers about $360 per month. So, they’re definitely worth checking out, especially if your goal is to lower your payment amount.
Read our full review of New American Funding
5. SoFi
SoFi started as a student loan refinance company and has recently branched out to mortgage refinancing as well. One of the key advantages here is that they go beyond the traditional credit score and base your qualification on high-tech algorithms using various criteria.
In addition to the typical refinance and cash-out refinance options, SoFi also offers a refinance product specific to paying off your student loan debt.
As a result, you could end up lowering your monthly mortgage payment on top of getting rid of your student loan payments.
SoFi lets you check your prequalification for a refinance in just two minutes without affecting your credit score. You can usually close on your new loan within 30 days, and you don’t have to pay any lender origination fees.
A final bonus? If you have an existing SoFi loan, you can qualify for an additional 0.125% rate discount on your refinance.
Read our full review of SoFi
6. Guaranteed Rate
This major lender has offices in each state (plus the District of Columbia) but also lets you get started using its Digital Mortgage platform.
Guaranteed Rate requires a minimum credit score of 620 for mortgage approval. However, alternative credit data, such as utility and rent payments, are considered in some cases.
Guaranteed Rate is highly rated for customer service. They consistently receive stellar customer reviews with a satisfaction rate above 95%.
Whether you want a completely online refinance experience or a more personal one, they deliver.
Read our full review of Guaranteed Rate
7. Carrington Mortgage Services
Carrington begins the process by asking you to select one of four goals:
Lowering your interest rate
Lowering your payments or consolidating debt
Remodeling your home
Getting cash out
Fill out a contact form to have them get in touch with you. Alternatively, you can call Carrington anytime between 7:00 a.m. and 6:00 p.m. PST, Monday through Friday.
If you like a lot of personal care and attention throughout the process, you’ll appreciate Carrington. Their mortgage professionals walk with you every step of the way to ensure you have a speedy and successful closing.
Read our full review of Carrington Mortgage Services
8. Bank of America
One of the biggest banks out there, Bank of America puts its resources to good use by creating a comprehensive and easy online user experience.
You can zip through the application from start to finish by uploading all of your supporting documentation and e-signing with a touch of your finger.
Plus, Bank of America practically has a complete offering of refinancing products, including fixed-rate loans, ARMs, jumbo loans, FHA loans, and VA loans. B of A’s interactive website also makes it easy to get a rough estimate of current mortgage interest rates.
All you have to do is type in your zip code and desired loan amount, and you can see where refinance rates start for various mortgage types.
If you already bank with B of A and are a Preferred Rewards member, you may also be eligible for a reduction of your mortgage origination fee anywhere between $200 and $600.
Read our full review of Bank of America
9. Chase
You don’t need to be a bank member to refinance with Chase. And if you prefer to work with a traditional bank over a strictly online lender or matching website, then Chase is a strong choice.
Start the process online by choosing one of two goals: lowering your monthly payment or cashing out your home equity.
From there, you can get started on the prequalification form. Be prepared to enter information on your current mortgage and your finances.
If you ever have a question before or during the application process, you can either call or connect with a home lending advisor in person in one of 28 states.
There are plenty of refinancing options available through Chase, including jumbo, FHA, VA, and HARP loans. As with most other lenders, the minimum credit score is also 620.
Read our full review of Chase
How does refinancing a mortgage work?
Applying for a refinance is very similar to applying for a home loan. It’s also important to note that you don’t have to use your current lender or servicer. You can pick any mortgage lender that you’d like for your refinance.
After shopping around for lenders and comparing your loan options, you’ll have to complete a formal application. This involves submitting your income and financial statements. The loan officer and underwriter will review your materials to make sure you can afford the new terms.
Mortgage Refinance Requirements
Mortgage refinance lenders are primarily concerned with three things: credit score, debt-to-income ratio, and average loan-to-value ratio (LTV).
Credit score: The minimum credit score for most mortgage refinance companies is around 620.
Debt-to-income ratio: Your monthly debt should not exceed 43% of your monthly take-home pay, just like a regular mortgage. In addition to personal loans and credit card debt, they also include your new mortgage payment in that number.
Loan-to-value ratio (LTV): Lenders would like to see a low loan-to-value ratio (LTV). Typically, you should have at least a 20% equity in your home. In addition to personal loans and credit card debt, they also include your new mortgage payment in that number.
You’ll be required to get an appraisal of your home as part of the process. This makes sure the property lives up to its estimated value and helps determine your total equity in the home. You don’t need to do anything special before the appraiser arrives. However, it is wise to clean and tidy up to make a favorable impression.
Thereafter, you just have to wait for closing. Usually, your lender lets you pick the date, time, and location. Next, they’ll send a notary who will walk you through signing the closing documents. Then, you’ll start fresh with your new payment schedule. If you’ve cashed out some of your home equity, you can typically receive a check or have it deposited directly into your bank account.
How to Choose a Lender to Refinance Your Mortgage
When you decide to refinance, picking the right lender is vital to your financial success.
Mortgage refinance lenders structure loans differently, depending on whether you want to minimize closing costs or lower monthly payments—or a combination of the two.
The first thing to look at is what kind of refinance loans the lender offers. For example, you can find FHA refinance loans with lower minimum credit score requirements than conventional loans if you’re looking for a government-backed refinance.
Loan Terms
Alternatively, you may want to refinance into a shorter term than the standard 30-year fixed mortgage. Look for mortgage refinance companies that offer multiple options, such as 10, 15, or 20-year mortgages. Then, you can compare refinance rates and payments and pick the best one.
As with any kind of loan, you also want to shop around for mortgage rates. Not every lender automatically offers the same interest rate or APR. You’ll also want to compare closing costs as part of the evaluation process. You need to know both your upfront costs and long-term costs in terms of interest.
Closing Costs
If you want to minimize the amount of cash you bring to the table, ask whether your closing costs can be rolled into the loan.
There are numerous ways you can tackle mortgage refinancing. That’s why picking the right refinance lender can make a huge difference. They can help you understand the pros and cons of different options, so you can make the right choice.
Don’t be afraid to ask questions. Ask for specific numbers, and talk to a few different lenders to get an idea of their recommendations and refinance process.
When to Refinance a Mortgage
Now that you’ve learned of the best refinance lenders out there, make sure you’re refinancing for the right reasons. Here are some of the most common reasons for refinancing a mortgage.
Lower Your Monthly Payments
It’s entirely possible to refinance to lower your payment amount. To save money over the life of your loan, you could refinance into a lower interest rate if mortgage rates have dropped since you got your loan. Or, if your credit score has improved, you might be able to qualify for a lower refinance rate as well.
If you’re having trouble making your payments, you could also consider refinancing into a longer loan term. This spreads out your existing mortgage amount over more years.
For example, if you’ve been paying your mortgage for 10 years on a 30-year loan, you could extend the existing 20 years over another 30 years. However, you should proceed with caution, depending on your financial situation and retirement plans.
Cash Out Your Home Equity
If you have equity in your home—at least 20%—you could potentially qualify for a cash-out refinance. This allows you to get a lump sum of money and then add that amount to your existing loan. Usually, you can borrow up to 80% of your equity.
Let’s take a look at an example.
Say your home is valued at $200,000, and your mortgage is down to $150,000. That leaves you with $50,000 in equity. The bank will let you borrow up to 80% of that, which is $40,000.
If you qualify for the mortgage, you could then refinance a total of $190,000. You can then use the cash for home renovations, college tuition, medical bills, high-interest debt, or anything else.
Change the Terms
Shorter loan terms typically come with lower mortgage rates since there’s less of a chance for you to default on the loan. Once you’ve paid off a portion of your current 30-year mortgage, you may be able to save on interest by switching to a 15-year mortgage.
If, for example, you’re 15 years into a 30-year fixed mortgage, you only have 15 years left to pay. So, you could potentially save thousands by getting a lower interest rate via an actual 15-year fixed mortgage.
Switch to a Fixed Rate Mortgage
If you initially took out an adjustable-rate mortgage (or ARM) and your fixed period is ending, you should consider refinancing your loan. There’s a cap on how high your adjustable mortgage can go. It could potentially be much higher than current fixed interest rates.
Talk to a lender to see the best option to avoid a significant jump in your monthly payment. And be sure to plan ahead since it can take time for the approval process to finish.
See also: How to Refinance Your Mortgage
When Not to Refinance
When shouldn’t you refinance? If your credit score has dropped significantly since you took out your original mortgage, you may be surprised by higher interest rates. Similarly, refinancing today may not save you money if you qualified for a rock-bottom rate during the recession.
Furthermore, consider that every mortgage refinance comes with closing costs, just like your initial home loan. Therefore, you need to make sure any financial benefits you expect to receive from your refinance outweigh the added closing costs.
All of these considerations can be discussed with a suitable lender, whether in person, on the phone, or online. Do the research it takes to make sure you’re making an intelligent decision on your next home refinance.
Frequently Asked Questions
What are the steps to refinancing a mortgage?
The process of refinancing a mortgage typically includes the following steps:
Determine if refinancing makes sense for your financial situation and goals.
Research and compare different mortgage lenders.
Choose the right lender and loan product for your needs.
Complete a formal application, providing all necessary income and financial documents.
Wait for the lender’s underwriting process, which includes verifying your information and appraising the home.
Once approved, arrange for a closing where you will sign all required documents.
Begin your new payment schedule, or receive your funds if you’ve done a cash-out refinance.
How does refinancing a mortgage affect my credit score?
Refinancing a mortgage can temporarily lower your credit score, as the lender will perform a hard credit check during the application process. This is typically a small drop and should recover over time as long as you continue to make regular, on-time payments. Additionally, the old mortgage will be marked as paid off on your credit report, which can be beneficial to your credit history in the long run.
What are some reasons I might not qualify for a mortgage refinance?
If your credit score has significantly dropped since you took out your original mortgage, you may not qualify for a favorable interest rate, making refinancing less beneficial. Additionally, if your debt-to-income ratio is too high, you may not qualify. Lastly, if you do not have sufficient equity in your home (usually at least 20%), you may not qualify for certain types of refinancing.
Can I refinance my mortgage with bad credit?
While it may be more difficult to refinance your mortgage with bad credit, it’s not impossible. Some lenders specialize in loans for individuals with poor credit, and government programs like the FHA refinance loans may have lower credit score requirements. However, be aware that you will likely be offered higher interest rates.
How much does it cost to refinance a mortgage?
The cost of refinancing a mortgage typically includes an origination fee, an application fee, an appraisal fee, and closing costs, among other potential costs. This can usually amount to between 2% and 6% of the loan amount. However, in some cases, you may be able to roll these costs into your loan to reduce your out-of-pocket expenses at closing.
Can I refinance my mortgage more than once?
Yes, you can refinance your mortgage more than once. However, it’s important to consider the costs of refinancing, such as closing costs and possible prepayment penalties, and weigh them against the benefits you expect to receive. You’ll want to make sure that refinancing makes financial sense each time.
What’s the difference between a cash-out refinance and a rate-and-term refinance?
In a cash-out refinance, you take out a new mortgage for more than what you currently owe, and then receive the difference in cash. This can be useful if you need to cover large expenses or consolidate higher-interest debt.
A rate-and-term refinance, on the other hand, changes the interest rate, the term length, or both of your existing mortgage, but you don’t receive any cash. This is typically done to lower monthly payments or to pay off the loan faster.
When should I consider a fixed-rate mortgage over an adjustable-rate mortgage?
A fixed-rate mortgage may be a better option if you plan to stay in your home for a long period of time and want predictable, stable monthly payments. On the other hand, an adjustable-rate mortgage (ARM) may initially offer a lower interest rate, but it can fluctuate over time. An ARM could be a suitable option if you plan to sell or refinance your home before the interest rate starts adjusting.
Direct Link to offer (this is a stripped down affiliate link which isn’t affiliated with anyone; support your favorite blogger by using their link; we don’t use bank affiliate links on DoC)
Chase is offering a brand new signup bonus on the Chase Freedom Unlimited card:
Signup for the Chase Freedom Unlimited card and Chase will match all cash back earned after your first 12 months of spending.
The card also offers 0% intro APR for 15 months from account opening on purchases and balance transfers. After the intro period, a variable APR of 20.49% – 29.24%. Balance transfer fee applies.
The Fine Print
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.(Editor’s note: If you have the OG Freedom or Freedom Flex cards you should still be eligible for the Unlimited card and for this signup offer.)
Only Cash Back rewards earned by making purchases, including through other bonus offers, are eligible for this bonus. Statement credits and Cash Back rewards moved into your account through the Ultimate Rewards Combine Points feature or any other transfer are ineligible.
(“Purchases” do not include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.)
Cash Back rewards must be earned by the end of your 12th monthly billing cycle to be included in the bonus. Please note that in some cases Cash Back rewards will not be earned until a billing cycle that occurs after the one in which a purchase is made, in particular when purchases are made near the end of a billing cycle. As a result, Cash Back rewards earned on some purchases made during your first 12 monthly billing cycles may not be eligible to be included in the bonus.
Please allow 6 to 8 weeks from the end of your 12th monthly billing cycle for bonus Cash Back rewards to post to your account.
To receive your bonus, your account must be open and not in default at the time of fulfillment. See your Rewards Program Agreement for more details about earning Cash Back rewards.
5/24 applies to the Freedom Unlimited card
Card Details
No annual fee
Card earns the following points rates:
5% on Travel purchased through Chase Ultimate Rewards (10% for the first year with this offer)
5% on Lyft through March 2025 (10% for the first year with this offer)
3% on Dining (6% for the first year with this offer)
3% on Drugstore (6% for the first year with this offer)
1.5% unlimited cash back (3% for the first year with this offer)
Our Verdict
This is an amazing offer for someone who has a lot of spend, especially for someone who spends a lot on Dining and Drugstores since you’ll earn unlimited 6x on Dining/Drugstores and unlimited 3x everywhere. It would be sweet if this offer becomes available via referrer link which would let you help a friend get a bonus along the way.
Unclear whether shopping portal earnings or referrer earnings will get doubled at year-end. The fine print is clear that cash back earned through bonus offers will be doubled, but cashback earned through statement credits will not be doubled. Based on the verbiage I believe portal and referral cashbacck would be doubled, but we’ll have to find out more. (I’m not sure how it ended up working 5 years ago when this offer was around.)
Note, someone with limited annual spend will do better signing up for the standard offer which gives $200 back after $500 spend + 5% cashback on Grocery/Gas during the first year, up to $12,000.
Check out these Things To Know About Chase Credit Cards before applying.
There’s an interesting comment from reader OOOQ who heard from a senior supervisor at Chase a pointer which sounds correct regarding the standard 24-month rule. The rule is:
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
Now, there are some cards which offer a bonus of receiving 5% on select categories for a full year. Each time you get that 5% bonus deposit, multiple times throughout the year, the Chase system considers it as earning a signup bonus. This pushes out your eligibility to earn a signup bonus for that card another 24 months.
Essentially, assuming you take advantage of the full 12-month period to earn the signup bonus, you will be eligible for a new signup bonus around 3 years after applying for the prior card. (Side note, you’ll also have to close our product change the card away from Freedom Unlimited before applying again. Do so a few days before you are ready to apply.)
This is also quite relevant for the new double cashback bonus offer on the Freedom Unlimited which currently offers a doubling bonus at the end of the year. Since the doubling bonus posts after 12 months, that would likely start your 24 month bonus clock. You’ll be eligible for a new Freedom Unlimited bonus around 3 years after the initial application of your prior Freedom Unlimited.
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers.
Editorial Disclosure:Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Snapshot: You can earn 1.5% cash back on all purchases with this card. Since there’s no annual fee, if you keep up with your statement payments to avoid interest, that’s easy money in the bank.
Ready to learn how to apply?
Basic Features
Ongoing APR: reg_apr,reg_apr_type depending on creditworthiness
Annual fee: annual_fees
Credit needed: Scores in the credit_score_needed range
Additional Details
1.5% cash back on every purchase
Up to 6 months of complimentary Uber One membership through 11/14/2024*
Maximize travel benefits with unlimited 5% cash back on hotels and rental cars when booked through Capital One Travel
Rewards never expire as long as the account remains open
You can now choose to redeem your rewards with Amazon purchases
No foreign transaction fees
Full Review of Capital One Quicksilver Cash Rewards for Good Credit
What You’ll Like About It
Drawbacks
Is it Worth It?
FAQ
Full Review of Capital One Quicksilver Cash Rewards for Good Credit
This card is perfect if you’re looking for a no-hassle option. Basically, if you’re looking to earn cash back on purchases, but don’t want to gamify your purchasing to maximize certain cash back categories. The answer is simple: 1.5% cash back on everything.
As far as cash back credit cards go, this card is a solid option. 1.5% cash back isn’t as high as other cards, but it’s decent. The flat rate across all purchases removes some of the complexity from using it. The pleasant exception to this is a hefty 5% cash back on certain travel purchases booked through Capital One Travel. A annual_fees annual fee is a nice bonus.
One thing to consider is that you’re going to need credit_score_needed credit to qualify for this card, which typically means a credit score of 700+.
Rewards cards often do come with fees, so it’s nice to know this one doesn’t. That means all the cash back you earn on purchases is pure profit as long as you pay your credit card statement off every month.
1.5% on All Purchases
You don’t have to figure out confusing category rotations or remember whether this card offers rewards at the pump or in the grocery store. It’s easy to earn cash back because you get 1.5% back every time you swipe.
Ready to start earning cash back on your purchases?
Flexible Cash Back Redemption Options
There are many ways to redeem your rewards. (It also seems to be something that Capital One is constantly expanding, which makes it a great option for cash back cards in general). You can get your cash back (literally) or apply it as a statement credit. You can also apply it directly to a recent purchase, which is a handy personal accounting option that makes it easier to use your cash back as a reward or to cover fun splurges.
At reg_apr,reg_apr_type, the APR on this card may be a bit high for some people. 30% is competitive for rewards cards, but if you are looking for a lower APR there are other options. (Depending on your credit and what you qualify for).
No Intro APR or Balance Transfer Offer
This card doesn’t currently offer any type of introductory APR for balance transfers or purchases, which means you can’t rack up cash back with a large purchase and then break up your payments interest-free over a year or so.
Learn more about applying for the Capital One Quicksilver Cash Rewards Card!
If you plan to use this card only on purchases you have the cash to cover and pay off the balance every billing cycle, it can be a good card to earn cash back with.
Frequently Asked Questions
What Are the Credit Limits for the Capital One Quicksilver Cash Rewards Card?
Capital One doesn’t list a minimum or maximum limit for their card. Your credit limit is determined by your credit history and ability to pay, so it depends on your income and other factors. Individuals with better credit, higher incomes or less existing debt may be more likely to get approved at the higher limits. A good credit history of paying balances over time may also lead to higher credit limit authorization.
How Soon Can I Increase My Credit Limit After Being Approved for a Capital One Quicksilver Cash Rewards Card?
You’ll need time to demonstrate responsible management of your account or improve your credit score and income situation. It’s typically a good idea to wait at least 6 months before asking for a credit increase. Credit card companies are typically unlikely to approve one before that point.
How Good is a Capital One Quicksilver Cash Rewards Card for Building Credit?
This isn’t typically a card that you’d use to build credit if you have bad, poor or fair credit. That’s because you need good credit to get approved for it in the first place. However, responsible management of the card can help you continue to build your credit in the future.
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers.
No direct link to offer, reports of it being seen when logged in
American Express is offering 150,000 point sign up bonus on the American Express business gold card after you spend $10,000+ within the first three months of card membership
Card Details
$295 annual fee, not waived first year. Increasing to $375 on 2/1/24
$240 flexible business credit. Up to $20 in statement credits each month after you use the Business Gold Card for eligible U.S. purchases at FedEx, Grubhub, and Office Supply Stores
$12.95 monthly Walmart+ credit.
Card earns 4x points on the two categories your business spends the most each billing cycle, from the following list (up to $150,000 in combined purchases each calendar year):
Transit purchases including trains, taxicabs, rideshare services, ferries, tolls, parking, buses, and subways
Monthly wireless telephone service charges made directly from a wireless telephone service provider in the U.S
U.S. purchases at restaurants
U.S. purchases for advertising in select media
U.S. purchases at gas stations
U.S. computer hardware, software, and cloud computing purchases made directly from select providers
3x points on AmEx Travel
25% points back after you book a flight with pay with points
Our Verdict
American Express recently announced changes to this card. This offer has no lifetime language, definitely worth signing up now if you get this offer as it’s a huge offer and you can take advantage of the new benefits before the new annual fee increase.
Flexibility can be a real asset in a career. Maybe you’re young and figuring out your post-graduation path. Or you’re busy balancing the demands of running a home and caring for a family. Or you’re an athlete who needs plenty of time for training and recovery.
There are lots of flexible-schedule jobs out there, if you know where to look. Let’s check out some part-time jobs with flexible schedules.
What It Means for a Job to Have a Flexible Schedule
Whether you’re in college or caring for children or pursuing an unpaid passion, there are many reasons why someone would want some flexibility in their career.
But what does a flexible schedule mean exactly? According to the U.S. Department of Labor, a flexible schedule is one that allows people to work outside traditional 9 to 5 office hours. Aside from that, situations vary depending on the role and employer.
Workers may be able to choose the time they arrive at and depart work, for instance. With certain flexible work policies, employees still have to work a set number of hours per pay period or be available during a daily “core time.” So while the employee may not have to show up at 9am on the dot and leave at exactly 5pm, they may need to at least show up by 11am and stay until after 3pm. However, this type of shortened schedule could work for many people, including parents who are self-employed. 💡 Quick Tip: We love a good spreadsheet, but not everyone feels the same. An online budget planner can give you the same insight into your budgeting and spending at a glance, without the extra effort.
Tips for Finding a Flexible Part-time Job in 2023
Flexible part-time jobs can be logistical, analytical, creative, or involve a skilled trade. When it comes time to search for flexible-schedule jobs, keep in mind these tips.
• Stay focused. Job applicants who know what they’re looking for and what they can offer an employer can plan a more effective job search. If someone knows they have to have a flexible part-time schedule in order to accept a job, they can save a lot of time and energy by only applying for jobs that offer that. Trying to convince an employer to change their staffing plans is an uphill battle.
• Prepare to hear No. Know that it will take a while to find the right fit, and that rejection is a normal part of any job search. Psychologically preparing yourself can help you persevere until the right job comes along.
• Don’t be a square peg. If a flexible part-time schedule is what matters most, you may need to be flexible yourself in other areas. For example, accept that you may need to compromise on title, salary, or industry. Giving up the highest-paying job for one with a more relaxed schedule can be worth it.
• Go remote. Work-from-home jobs with flexible schedules can often be easier to find than on-site jobs that have flexible schedules. When reviewing online job boards, look for flexible schedule remote jobs.
Recommended: Does Net Worth Include Home Equity?
Why It Can Be Difficult to Find Part-time Jobs With Flexible Schedules
It can be difficult to find flexible-schedule part-time jobs because many jobs require being in a certain location at a certain time. For example, a hairstylist has to show up for work when they have appointments scheduled. A restaurant has to know they have enough servers on hand during operating hours. Even a corporate job where some work can be done remotely and independently can require being online during set times so that it’s easy to communicate with coworkers.
Check your score with SoFi Insights
Track your credit score for free. Sign up and get $10.*
Great Part-Time Jobs With Flexible Schedules
Perhaps someone wants to take on a second job to help them pay down their debt or save for a dream vacation. Whatever the reason, it’s easy to see the appeal of a part-time job with a flexible schedule.
While there are countless part-time jobs on the market that can suit a variety of workers’ desired schedules, these are some of the best flexible schedule jobs for Gen Zers and Millennials. And if you’re in college, don’t miss our list of the best on-campus jobs.
1. Landscaper and Groundskeeper
Average hourly wage: $17.39
Job description: Landscapers and groundskeepers typically set their own schedules and plan which days they’ll tend to a client’s yard, but they don’t have to tell them exactly what hour they’ll show up to do their work.
Requirements: In some areas a license may be required to use pesticides and fertilizers.
Schedule flexibility: 4
Duties:
• Mowing lawns
• Removing weeds
• Planting and maintaining flowers, bushes, and trees
2. Recreation and Fitness Worker
Average hourly wage: $22
Job description: Running a fitness or recreation class can be fun and rewarding work that is often performed on a part-time basis. Many instructors can choose when they host their classes (like when their young child is in school), but they do have to stick to those times.
Requirements: Licensing or background checks may be required.
Schedule flexibility: 4
Duties:
• Plan programming
• Run classes
• Clean up post-class
3. Freelance Software Developer
Average hourly wage: $37
Job description: Many businesses hire freelance software developers to create computer programs and applications for business or consumer use. Some meetings during business hours may be required.
Requirements: Knowledge of select programming languages.
Schedule flexibility: 4
Duties:
• Write code
• Test code
• Meet with project stakeholders
4. Virtual Assistant
Average hourly wage: $34
Job description: Plenty of professionals can’t afford or don’t need a full-time assistant. Instead, they hire virtual assistants who can tackle administrative work for a few hours a week. Virtual assistance can be a rewarding job for introverts who are conscientious and organized.
Requirements: Office skills
Schedule flexibility: 4
Duties:
• Scheduling meetings
• Managing clients’ inbox
• Helping with administrative work
5. Freelance Copywriter
Average hourly wage: $28
Job description: A writer can work with many different brands as a freelance copywriter and can choose when they want to take on new projects and what hours of the week they work on them. Working as a freelance copywriter is also a great side hustle.
Requirements: Bachelor’s degree and industry experience
Schedule flexibility: 5
Duties:
• Research
• Writing copy
• Editing copy
6. Freelance Web Designer
Average hourly wage: $35
Job description: Freelance web designers work independently designing websites for a variety of clients, instead of a full-time job. Work-from-home web design can be a well-paying and fulfilling job for antisocial people.
Requirements: Knowledge of design programs, and HTML and CSS programing languages.
Schedule flexibility: 3
Duties:
• Design web pages and sites
• Code designs
• Present to clients and incorporate feedback
7. Freelance Editor
Average hourly wage: $31
Job description: Similar to copywriters, editors can work freelance for multiple clients.
Requirements: Bachelor’s degree and industry experience
Schedule flexibility: 4
Duties:
• Nurturing writers
• Editing copy
• Publishing content
8. Business Consultant
Average hourly wage: $37
Job description: A business consultant can offer services to multiple businesses who need support as a whole or who are looking to improve a certain area of their business, such as their marketing efforts, operations, or HR.
Requirements: Bachelor’s degree, master’s degree (more advantageous), or a certification from a business consultant association.
Schedule flexibility: 3
Duties:
• Assess potential areas of improvement
• Create improvement plans
• Find ways to cut costs
💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.
The Takeaway
There are plenty of great flexible-schedule jobs that millennials and Gen Zers can pursue to give them the time they need to attend school, start a business, or take care of young children. Some remote freelance roles can be entirely flexible — such as web designers, writers and editors — while other jobs require your presence during certain core hours.
Choose whether you prefer a more physically demanding job — such as landscaper or fitness worker — or an office job that requires a laptop (like virtual assistant). It may take time to find the right position, so be patient. It’s also a good idea to keep an eye on how your money comes and goes to ensure you’re sticking to your savings goals.
Take control of your finances with the SoFi Insights money tracker app. Connect all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.
SoFi helps you stay on top of your finances.
FAQ
What part-time job has the most flexible hours?
There is no single part-time job that has the most flexible hours. That said, jobs where work can be done independently and remotely usually have the most flexibility. Jobs like working as a freelance writer or graphic designer are good examples of jobs someone can usually do during times that work well for them.
What job gives you the most free time?
Flexible-schedule work-from-home jobs can give workers the most free time because they don’t have to worry about a commute. It’s also usually easier to control your work schedule when you work from home. As a bonus, you can use your breaks to be productive — by tackling household chores or working out — or enjoy down time.
What jobs can I make my own hours?
Some jobs with flexible schedules allow workers to set their own hours. The key is to look for a job where the hours someone works doesn’t matter as much as the type of work they produce.
Photo credit: iStock/Eva-Katalin
SoFi’s Insights tool offers users the ability to connect both in-house accounts and external accounts using Plaid, Inc’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score provided to you is a Vantage Score® based on TransUnion™ (the “Processing Agent”) data.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
