It goes without saying, meanwhile, that broker outreach is also essential: making sure brokers are equipped with as strong a knowledge of a lender’s offerings as possible as they present options to their clients. “We’re a private lender for non-owner-occupied investment properties, so we want to make sure that if an investor stumbles upon RCN … [Read more…]
When people think of Kansas City, they often picture its vibrant downtown, known for its fountains, barbecue, and jazz music, but the true essence of living in Kansas City extends beyond the urban core. The suburbs of Kansas City are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s thriving amenities. These KC suburbs are spread across various parts of the metropolitan area, each with its own unique character and appeal.
In this ApartmentGuide article, we’ll explore some of the most notable Kansas City suburbs—from historic towns to bustling modern communities—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in Kansas City or curious about the different Kansas City neighborhoods, let’s discover the best parts of KC to call home.
Before we dive into the top Kansas City suburbs, let’s cover how much it costs to live in Kansas City. The overall cost of living in Kansas City is about 7% lower than the national average. Housing plays a significant role in this, with the median sale price for a home in Kansas City at around $290,000, which is 33% lower than the national average of $432,657. Rent follows a similar trend, with the average rent for a one-bedroom apartment in Kansas City at $1,336, also about 12% lower than the national average of $1,514.
While some suburbs around Kansas City offer more affordable options, others may provide higher-end, luxury living opportunities. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.
If you’re looking for more specific rental insights, check out our guides on the 9 Most Affordable Neighborhoods in Kansas City, MO for Renters in 2024 and the 9 Most Expensive Neighborhoods in Kansas City, MO to Rent in 2024.
Known for: High-end shopping, business hubs, and parks
Overland Park is one of Kansas City’s largest and most prominent suburbs, known for its sprawling parks, large retail centers, and thriving business districts. It has a blend of suburban convenience and access to nature, with several parks and recreational areas. Overland Park offers a balance of modern development and suburban charm.
Population: 200,000
Median home sale price: $483,750
Overland Park transportation scores: Walk Score 35, Bike Score 46, Transit Score 16
Apartments for rent in Overland Park, KS | Houses for rent in Overland Park, KS | Homes for sale in Overland Park, KS
Known for: Small-town charm, vibrant community, and proximity to Kansas City
Lee’s Summit offers a balance of historic charm and modern amenities. With a walkable downtown full of shops and restaurants, this suburb is ideal for residents looking for small-town living with quick access to Kansas City. Outdoor enthusiasts enjoy the nearby lakes and parks, while the lively community atmosphere is marked by local events.
Population: 100,000
Median home sale price: $400,000
Lee’s Summit transportation scores: Walk Score 20, Bike Score 29
Apartments for rent in Lee’s Summit, MO | Houses for rent in Lee’s Summit, MO | Homes for sale in Lee’s Summit, MO
Known for: Historic district, downtown charm, and outdoor spaces
Liberty is a historic suburb with a strong sense of tradition. Its picturesque downtown area is filled with charming shops, restaurants, and cultural attractions. With plenty of parks and outdoor spaces, Liberty appeals to those seeking a quieter, suburban lifestyle while still being close to Kansas City.
Population: 32,000
Median home sale price: $347,500
Liberty transportation scores: Walk Score 23, Bike Score 25
Apartments for rent in Liberty, MO | Houses for rent in Liberty, MO | Homes for sale in Liberty, MO
Known for: New developments, strong community, and parks
Olathe is a fast-growing suburb known for its spacious new homes, good schools, and large community parks. It has become a hub for professionals looking to move out of the city and into a quieter, suburban area. Olathe’s large retail centers and recreational areas make it a well-rounded suburb for residents of all ages.
Population: 140,000
Median home sale price: $425,500
Olathe transportation scores: Walk Score 30, Bike Score 50, Transit Score 10
Apartments for rent in Olathe, KS | Houses for rent in Olathe, KS | Homes for sale in Olathe, KS
Known for: Quiet neighborhoods, parks, and community vibe
Blue Springs is a quiet, community-oriented suburb with excellent parks, schools, and outdoor spaces. The nearby Lake Jacomo offers fishing, boating, and camping opportunities, and the small-town atmosphere attracts residents seeking a slower pace of life with easy access to Kansas City’s amenities.
Population: 56,000
Median home sale price: $330,000
Blue Springs transportation scores: Walk Score 25, Bike Score 31
Apartments for rent in Blue Springs, MO | Houses for rent in Blue Springs, MO | Homes for sale in Blue Springs, MO
Known for: Small-town charm, historic downtown, and natural beauty
Parkville is a picturesque suburb located northwest of Kansas City, known for its charming downtown area, which offers antique shops, cafes, and a historic feel. Its proximity to the Missouri River provides ample opportunities for outdoor activities like hiking and fishing. Parkville is an ideal spot for those who prefer a quieter, small-town vibe while still being near the city.
Population: 7,100
Median home sale price: $614,300
Parkville transportation scores: Walk Score 51, Bike Score 36
Apartments for rent in Parkville, MO | Houses for rent in Parkville, MO | Homes for sale in Parkville, MO
Known for: Tree-lined streets, boutique shops, and suburban lifestyle
Located just south of Kansas City, Prairie Village is a highly desirable suburb offering a mix of modern amenities and suburban comfort. The area is known for its tree-lined streets, beautiful homes, and an array of local boutique shops and restaurants. Prairie Village combines charm with convenience, providing a suburban feel while being close to downtown Kansas City.
Population: 21,700
Median home sale price: $518,500
Prairie Village transportation scores: Walk Score 42, Bike Score 37
Apartments for rent in Prairie Village, KS | Houses for rent in Prairie Village, KS | Homes for sale in Prairie Village, KS
Known for: Expanding developments, business districts, and active community
Lenexa is a growing suburb offering a strong sense of community, with new developments springing up to meet increasing demand. The suburb is home to a number of large businesses and commercial centers, making it a popular choice for professionals. Lenexa’s active community hosts events, farmers’ markets, and festivals year-round, creating a vibrant suburban experience.
Population: 55,000
Average rent for a one-bedroom apartment: $1,350
Median home sale price: $527,500
Lenexa transportation scores: Walk Score 33, Bike Score 44
Apartments for rent in Lenexa, KS | Houses for rent in Lenexa, KS | Homes for sale in Lenexa, KS
Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the Kansas City area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.
Montana is a state known for its wide-open spaces, breathtaking natural beauty, and a rugged, independent way of life. But like any state, living in Montana comes with both benefits and challenges. This article dives into the pros and cons of living in Montana to help you decide if it’s the right place for you.
Life in Montana is defined by its striking landscapes, from the towering Rocky Mountains in the west to the rolling prairies in the east. The largest city, Billings, offers a small but growing urban center with a mix of retail, entertainment, and industry jobs. Other notable cities like Missoula and Bozeman are hubs for adventure and home to top-tier universities, including the University of Montana and Montana State University. While urban areas are expanding, much of Montana retains a rural, frontier atmosphere, where people value space, privacy, and self-sufficiency.
| Population | 1,084,225 |
| Biggest cities in Montana | Billings, Missoula, Great Falls |
| Average rent in Billings | $1,425 |
| Average rent in Missoula | $1,295 |
| Average rent in Great Falls | $1,525 |
Montana is an outdoor lover’s dream, providing access to some of the most stunning landscapes in the country. With two major national parks, Glacier and Yellowstone, plus countless state parks and wilderness areas, there’s no shortage of adventure. Whether you’re into hiking, fishing, skiing, or simply soaking in the views, you’ll find an outdoor activity for every season.
Insider scoop: For a true local experience, visit the hidden gem of Hyalite Canyon near Bozeman. It’s a favorite spot for locals, offering hiking trails, waterfalls, and ice climbing in the winter—without the crowds you’ll find in the national parks.
Montana winters can be brutal, especially in the northern and mountainous regions where temperatures can plummet well below freezing. Heavy snowfall and icy roads can make daily life challenging, and cabin fever is a real concern during the months of subzero temperatures. For those not accustomed to cold weather, the winter season can be a major downside. Cities like Great Falls and Helena regularly see snowfall starting as early as October and lasting through April.
Insider scoop: Embracing the winter is key—head to Bridger Bowl near Bozeman for some of the best skiing in the state, or check out Missoula’s winter markets for fresh produce and handmade goods that bring a bit of warmth to the coldest months.
Montana is one of the few states in the U.S. with no statewide sales tax, making it a good place for those who want to stretch their money further. Whether you’re buying a new car, furniture, or groceries, you’ll save a bit more on each purchase compared to states with high sales taxes.
Montana’s sprawling geography and low population density mean that public transportation options are limited. Most residents need to rely on their own vehicles to get around, even within cities. Rural areas are especially challenging for those without a car, as bus and train routes are virtually non-existent outside of the larger urban centers. Ride-sharing options like Uber and Lyft are also less common, making transportation a potential headache for those without a reliable vehicle.
Montana is one of the least densely populated states in the U.S., with only about 1.08 million residents spread over its vast landscape. This means plenty of room to breathe, privacy, and fewer crowded public spaces. The low population density is perfect for those who value solitude or are looking to escape the hustle and bustle of larger cities. Even in towns like Billings or Missoula, you won’t feel overwhelmed by crowds.
While Montana is often associated with affordable living, certain cities, particularly Bozeman and Missoula, have seen a surge in housing prices in recent years. Driven by an influx of new residents, these cities now have a housing market that rivals much larger metro areas. The average rent for a one-bedroom apartment in Great Falls is around $1,525, while Billings averages $1,425. For long-time residents, this increase in housing costs is a notable con.
Insider scoop: If you’re looking for a more affordable option, consider cities like Helena, where rental rates are lower, averaging around $1,125 for a one-bedroom apartment.
While Montana has traditionally relied on agriculture, mining, and tourism, the state’s job market is expanding in sectors like tech, healthcare, and education. Cities like Bozeman have become tech hubs, attracting startups and remote workers looking for a better quality of life. The healthcare industry is also thriving, with hospitals and medical centers in cities like Billings and Missoula offering numerous job opportunities.
Living in Montana means sharing the landscape with a variety of wildlife, from deer and elk to bears and mountain lions. While these animals add to the state’s natural charm, they can also pose risks, especially if you live in rural or mountainous areas. Bears are particularly common near Glacier and Yellowstone National Parks, and it’s not unusual to see warnings about wildlife encounters on hiking trails. Keeping bear spray handy and securing garbage bins are common practices in many parts of the state.
Travel tip: Always make noise when hiking in bear country to avoid startling wildlife, and store food securely when camping to keep critters at bay.
Montana offers a slower pace of life that’s hard to find elsewhere. The state’s rural charm, wide-open spaces, and small-town atmosphere make it perfect for those looking to escape the stress of city living. Even in the larger cities like Billings or Great Falls, the pace is far more relaxed compared to the hustle of metropolitan areas. People in Montana tend to value a work-life balance and outdoor recreation, making it an ideal place for those looking to unwind and live a simpler life.
Montana is known for its windy conditions, especially in the eastern plains and mountainous areas. The state’s wide-open spaces and high-altitude landscapes create an ideal environment for strong winds, particularly during the winter and spring months. In cities like Great Falls, Helena, and Livingston, it’s not uncommon to experience wind gusts exceeding 50 mph, which can make outdoor activities less enjoyable and even hazardous. The wind can also lead to increased heating costs in the colder months, as it amplifies the chill factor.
| Pros | Cons |
| An outdoor paradise | Long, harsh winters |
| No sales tax | Limited public transportation |
| Low population density | Expensive housing in certain areas |
| Growing job market in certain sectors | Wildlife encounters |
| Slower, laid-back lifestyle | Montana is windy |
Source: rent.com
PS LAX — originally called The Private Suite at LAX before the name was shortened in January 2020 — is a reservation-only passenger terminal that can be accessed before or after your flight. The lounge, which opened in May 2017, offers a luxurious experience, including chef-prepared food; a spa; 12 private suites; private TSA, customs and immigration; and a BMW that drives you directly to your plane. PS has locations in Los Angeles and Atlanta, with plans to expand to Dallas-Fort Worth and Miami.
PS LAX gave me free access to a private suite in the lounge, which would have otherwise run over $5,000. I stopped by before a trip where I was flying to Amsterdam for a few nights before a safari in Tanzania.
My take: The lounge is expensive — beginning at $1,095 per person to access The Salon (a communal area separate from the private suites) and $4,850 for up to four people to access the private suite — but it’s a remarkable experience for those who can afford it. Unlike with other lounges, there’s no easy way to get access through a premium credit card, although the lounge does offer complimentary annual membership to people with the AmEx Centurion Black Card, an invitation-only card for the wealthy (terms apply).
The private suite at PS LAX. (Photo by Josh Garber)
The walkway between suites at PS LAX. (Photo by Josh Garber)
PS LAX is in its own private terminal, located at 6875 W. Imperial Highway, Los Angeles, CA 90045. There are a few options for getting to PS LAX:
You can book transit to LAX directly through PS LAX, with pricing dependent on the type of car you book and where you live. For a car from Hollywood Hills West in Los Angeles, I was quoted the following rates:
$173.07 for a sedan for up to three passengers.
$255.36 for a Mercedes-Benz S-Class for up to three passengers or an SUV for up to six passengers.
You can also arrange an Uber, Lyft or other rideshare to take you to PS LAX. I decided to take a Lyft Black, which came out to $83.49. One thing to keep in mind is that if you use a rideshare, the driver may not know exactly where the PS LAX terminal is, so you may want to order your rideshare car five or 10 minutes earlier than you might otherwise as a buffer.
You can drive to PS LAX, but note that you may need to pay for parking depending on your membership status and how many days you stay and whether you’re accessing the suite or The Salon (more on that below). Here’s the pricing for valet parking at PS LAX:
All Access membership. 30 nights complimentary for the suite, two nights complimentary for The Salon.
The Salon membership. Two nights complimentary for The Salon.
No membership. $90 per night.
One perk to parking your car at PS LAX is that it will be cleaned for you. That service comes at an additional cost if you do not have an annual membership.
PS LAX offers guests several amenities, including:
Spa services, including a table massage or a chair massage.
Private, line-free Transportation Security Administration screening and customs before departure (including a beverage area after you go through screening where you can fill up your water bottle or pick up complimentary drinks to take on the flight with you).
Customs and immigration services upon arrival.
Chef-prepared food.
12 private suites, including a double suite and a suite that has a private outdoor area.
An outdoor garden area that includes top-shelf food and drinks, as well as games, water features and shaded areas.
BMW car service that takes you directly to the aircraft door.
Instant luggage delivery on arrival.
Each suite has its own bathroom (including amenities like toothbrushes, razors and other toiletries that you can take with you), a pantry with food, a minibar, a two-person daybed and views of aircraft taking off and landing.
The TSA screening and passport control at PS LAX. (Photo by Josh Garber)
There are so many amenities at PS LAX that you’d be hard-pressed to use them all before your flight.
Dining at PS LAX feels like you’re at a restaurant, with a menu and chef-prepared food. While the exact food offerings may differ depending on when you fly, below is a sample of the food offered on the menu during my visit. (Note that breakfast is available from 5 a.m. to 11 a.m., with all other food served from 11 a.m. to 11:30 p.m.)
Seasonal fruit plate.
Breakfast grain bowl.
French omelet.
PS breakfast sandwich.
Eggs any style.
Chilaquiles.
Vegan tacos.
Avocado toast.
Charcuterie and cheese.
Margherita and seasonal flatbread.
Sandwiches
PS burger.
Maitake mushroom sandwich.
Southeast Asian fried chicken sandwich.
PS turkey sandwich.
Hanger steak.
Blackened seasoned Scottish salmon.
Pan-seared scallops.
Spinach sorpresine.
Pasta primavera alla chitarra.
Strawberry mousse.
Sticky toffee pudding.
Chocolate torte.
Note that the menu does not have pricing on it, but you will need to pay for food if you order off the menu.
Hanger steak at PS LAX. (Photo by Josh Garber)
PS LAX includes a bar called The Salon, and you have the option to purchase access only to The Salon (meaning you won’t have a private suite).
The Salon at PS LAX. (Photo by Josh Garber)
The bar is chic with plenty of top-shelf liquor, wine, beer and cocktail options. There are also non-alcoholic beverages, including non-alcoholic wine, zero-proof cocktails, soft drinks and Icelandic still or sparkling water.
A major perk of PS LAX is that it includes a spa, which can really help to reduce pre- and post-travel stress. All Access and The Salon members in a private suite receive a complimentary spa service, and other visitors can purchase spa services at the following rates:
$120 for a manicure.
$150 for a table or chair massage.
$100 for a haircut or barber service.
Massage table at the spa at PS LAX. (Photo by Josh Garber)
Something that made the PS LAX special was the personalized touches from the staff. I visited PS LAX on my way to Amsterdam and Tanzania for a safari, a trip that I planned for my birthday.
I was surprised when I walked into my private suite to find that the staff had included stroopwafel and other Dutch treats, flags from the Netherlands and Tanzania, a Lonely Planet guide to Tanzania, a PS LAX hat and a birthday present and card that included Kiehl’s products and a travel amenity kit.
A table in the private suite that included Dutch- and Tanzania-themed presents. (Photo by Josh Garber)
Access to PS LAX and pricing depend on whether you’re a member and whether you want to access a private suite or have your visit include only The Salon. Below is an overview of PS LAX memberships and benefits:
Outdoor area accessible by all PS LAX guests. (Photo by Josh Garber)
You’ll need to make a reservation to visit PS LAX, and access is on a space-available basis, with All Access members receiving priority access for the private suite and The Salon and The Salon members receiving priority access for The Salon.
If you have no membership, you’ll be put on a waitlist and receive notice generally 48 hours before your flight.
PS LAX BMW that picks you up after security to drive you directly to your plane. (Photo by Josh Garber)
Source: nerdwallet.com
Newly re-listed for $6,950,000, a meticulously renovated Texas mansion wows with its elegant interiors, generous proportions, and vibrant outdoor areas — all within a short drive from Dallas and Fort Worth.
Located in a prestigious gated community in Flower Mound, Texas, the massive 6-bedroom home has all the charm of a classic English manor. And it pairs its stately exterior with the finest modern finishes, including a Tesla Solar roof, smart home tech, and beautifully updated interiors.
For country music lovers, it comes with the added appeal of being owned by the family of beloved singer-songwriter Loretta Lynn, whose grandson currently owns the property. Ready for a quick tour?
Like Fancy Pants Homes’ content? Be sure to follow us on MSN
Located in southwest Flower Mound on the north shore of Lake Grapevine, the home is part of a prestigious gated community called The Landing, which consists of about 60 homes built in the early 2000s.
Residents who live at The Landing on Lake Grapevine enjoy vibrant greenbelts, a private lake/pond, and equestrian facilities, as well as spacious homes built on lots spanning one to two acres of land.
The home we’re about to tour today sits on a two-acre lot and offers a generous 10,189 square feet of living space with 6 bedrooms, 7 bathrooms, and a host of communal and entertainment-ready spaces.
Listed for $6,950,000 with Damon and Megan Williamson of The Agency Dallas, the stately home also features quite a few smart home tech features, including a Tesla Solar Roof for clean energy and lower electricity bills.
The house is being brought to market by Ethan Lyell, the grandson of country legend Loretta Lynn and great-nephew of Crystal Gayle. Lyell, a financial executive at a medical company, is one of 26 grandchildren of Loretta Lynn, a boundary-breaking country music icon who passed away in 2022.
Talking to Mansion Global, Lyell said he and his partner are parting ways with their impeccably renovated Texas residence to pursue their longtime plans of moving to Scotland when they retire and have already purchased a 50-acre oceanfront property there.
But before listing their two-acre suburban Texas abode, the couple embarked on a renovation for the ages.
The meticulously renovated home underwent an extensive transformation at the hands of the current owners, said to have cost as much as $5.5 million.
The completely re-envisioned mansion showcases the highest-level finishes, fixtures, and textiles. A great amount of detail went into revamping the 1998-built home to its current elegant style, evident throughout thanks to beautifully honed surfaces, sleek hardware, and intricate light fixtures.
The stunning gourmet kitchen was redesigned to include two marble waterfall islands, inset furniture style cabinetry, a butler’s pantry, upscale Wolf appliances, and a Sub-Zero fridge.
The Dallas-area home has an opulent owner’s retreat with a chic bath, two closets, two fireplaces, a coffee bar, and a separate den. Nearby we also find several living areas, a library, and a state-of-the-art gym.
A standout space is the polished primary bathroom, which features dual vanities, a freestanding tub, bright marble floors, gold accents and fixtures, and ample storage.
Upstairs we find a few more bedrooms, a perfectly appointed game room, and a covered balcony that’s reminiscent of a treehouse, according to an older listing.
See also: Castle-like French estate near Dallas wows with its grand rooms, opulent interiors
Other notable areas of the house include additional living rooms, a charming library with floor-to-ceiling built-in bookshelves, and a fully equipped gym with a wall of windows that overlooks the backyard.
Behind its stately English manor exterior, the Texas home hides a wealth of modern conveniences and state-of-the-art tech, including a Control4 Smart Home system that controls lighting, audio, video, HVAC, gates, and security, among others.
The house also features a Tesla Solar Roof and six Carrier HVAC units for energy efficiency.
The Flower Mound property sits on a large two-acre lot adorned with over 5,000 trees, shrubs, and perennials. There’s also a farm-to-table garden for fresh produce.
With several seating areas and entertainment spaces, a pool and spa, and direct views of the serene Grapevine Lake, the outdoor areas are a private retreat fit for both relaxation and entertaining guests.
The Flower Mound, Texas mansion has recently been relisted with fresh representation and a $6.95 million asking price after previously being listed for $7.75 million earlier this year. Damon and Megan Williamson of The Agency Dallas now hold the listing.
More stories
Inside a palatial Grapevine Lake mansion with ties to Dallas gambler Herb ‘The Cat’ Noble
Six-time NBA All-Star Jermaine O’Neal’s former Southlake home resurfaces on the market for $12.4M
In Waxahachie, Texas, a massive $10M mansion aims to shatter Ellis County real estate records
Source: fancypantshomes.com
When people think of St. Louis, they often picture its vibrant downtown and iconic Gateway Arch, but the true essence of living in St. Louis extends beyond the urban core. The suburbs of St. Louis are diverse residential areas that offer a quieter, more relaxed lifestyle while still providing easy access to the city’s cultural and recreational amenities. These St. Louis suburbs are spread across various parts of the metropolitan area, each with its own unique character and appeal.
In this ApartmentGuide article, we’ll explore some of the most notable St. Louis suburbs—from charming historic towns to suburban retreats—highlighting key aspects such as population, average rent, and what makes each area stand out. Whether you’re searching for the perfect apartment in St. Louis or curious about the different St. Louis neighborhoods, let’s discover the best parts of St. Louis to call home.
Before we dive into the top St. Louis suburbs, let’s cover how much it costs to live in St. Louis. The overall cost of living in St. Louis is about 11% lower than the national average, making it an affordable choice compared to other major cities. Housing is a significant factor, with the median sale price for a home in St. Louis at around $226,500, which is about 48% lower than the national average of $432,657. Rent is similarly affordable, with the average rent for a one-bedroom apartment in St. Louis at approximately $1,446, which is about 4% lower than the national average of $1,514.
While some suburbs around St. Louis offer even more affordable options, others provide higher-end living experiences. Here, we’ll explore a range of top suburbs, providing different lifestyle and housing opportunities depending on your budget and preferences.
If you’re looking for more specific rental insights, check out our guides on the 4 Most Expensive Neighborhoods in St. Louis to Rent in 2024.
Known for: Upscale living, business district, and fine dining
Clayton is the financial and business center of the St. Louis suburbs. Known for its upscale shops, galleries, and restaurants, Clayton combines a vibrant business district with luxury living. The suburb’s walkable streets, beautiful parks, and proximity to cultural institutions like the St. Louis Art Museum make it a desirable place to live.
Population: 16,000
Average rent for a one-bedroom apartment: $1,595
Median home sale price: $747,500
Clayton transportation scores: Walk Score 47, Bike Score 55
Apartments for rent in Clayton, MO | Houses for rent in Clayton, MO | Homes for sale in Clayton, MO
Known for: Historic charm, community events, and parks
Kirkwood is a historic suburb that exudes small-town charm, with its brick streets, well-preserved homes, and community events like the annual Greentree Festival. The walkable downtown area features independent shops, restaurants, and a farmers’ market, making Kirkwood an attractive spot for those looking for a close-knit community feel.
Population: 28,000
Average rent for a one-bedroom apartment: $1,595
Median home sale price: $367,000
Kirkwood transportation scores: Walk Score 37, Bike Score 32, Transit Score 22
Apartments for rent in Kirkwood, MO | Houses for rent in Kirkwood, MO | Homes for sale in Kirkwood, MO
Known for: Suburban luxury, shopping, and recreational amenities
Chesterfield is known for its master-planned communities, modern homes, and extensive recreational facilities. Chesterfield Mall, outlet stores, and the city’s parks make it a thriving suburb for shopping and outdoor lovers alike. It’s a friendly suburb with numerous parks and trails, as well as cultural venues like the Chesterfield Amphitheater.
Population: 47,000
Average rent for a one-bedroom apartment: $1,403
Median home sale price: $490,000
Chesterfield transportation scores: Walk Score 19, Bike Score 23, Transit Score 11
Apartments for rent in Chesterfield, MO | Houses for rent in Chesterfield, MO | Homes for sale in Chesterfield, MO
Known for: Excellent parks, friendly atmosphere, and community focus
Ballwin is a welcoming suburb located west of St. Louis, offering a slower pace with easy access to outdoor activities. Known for its top-rated parks like Vlasis Park and walking trails, Ballwin provides a suburban retreat with strong community events and recreational facilities, such as The Pointe at Ballwin Commons.
Population: 31,000
Average rent for a one-bedroom apartment: $1,482
Median home sale price: $385,000
Ballwin transportation scores: Walk Score 20, Bike Score 21, Transit Score 7
Apartments for rent in Ballwin, MO | Houses for rent in Ballwin, MO | Homes for sale in Ballwin, MO
Known for: Historic neighborhoods, walkability, and thriving arts scene
Webster Groves is a leafy, historic suburb known for its cultural appeal and old-world charm. The downtown area is filled with galleries, theaters, and restaurants, making it a cultural hub for St. Louis residents. Webster University adds a youthful and creative energy to the community, and the historic homes give the area a distinct character.
Population: 23,000
Average rent for a one-bedroom apartment: $2,057
Median home sale price: $432,500
Webster Groves transportation scores: Walk Score 49, Bike Score 40, Transit Score 23
Apartments for rent in Webster Groves, MO | Houses for rent in Webster Groves, MO | Homes for sale in Webster Groves, MO
Known for: Scenic beauty, outdoor recreation, and expansive parks
Wildwood offers a peaceful retreat from the city with its natural surroundings and outdoor amenities. Nestled along the foothills of the Ozarks, this suburb is ideal for nature lovers, offering hiking, biking, and equestrian trails. Wildwood is known for its large residential lots, upscale homes, and a quieter, more rural feel compared to inner-city neighborhoods.
Population: 35,000
Median home sale price: $575,000
Wildwood transportation scores: Walk Score 9, Bike Score 17
Apartments for rent in Wildwood, MO | Houses for rent in Wildwood, MO | Homes for sale in Wildwood, MO
Known for: Business hubs, cultural amenities, and affluence
Creve Coeur is one of St. Louis’s wealthier suburbs, offering a mix of luxury homes and corporate offices. It’s home to several business parks and a growing tech sector, attracting professionals who prefer suburban living. Creve Coeur also offers various parks, recreational facilities, and easy access to cultural institutions.
Population: 18,000
Average rent for a one-bedroom apartment: $1,850
Median home sale price: $478,214
Creve Coeur transportation scores: Walk Score 27, Bike Score 24, Transit Score 22
Apartments for rent in Creve Coeur, MO | Houses for rent in Creve Coeur, MO | Homes for sale in Creve Coeur, MO
Known for: Prestigious schools, luxury homes, and tranquil atmosphere
Ladue is one of the most exclusive suburbs in St. Louis, known for its luxury homes and beautiful landscapes. This affluent community is quiet and peaceful, offering a laid-back atmosphere with sprawling estates and green spaces. Ladue is also home to top-rated schools, making it a preferred choice for those seeking an upscale and serene environment.
Population: 8,600
Median home sale price: $1,455,000
Ladue transportation scores: Walk Score 9, Bike Score 15
Apartments for rent in Ladue, MO | Houses for rent in Ladue, MO | Homes for sale in Ladue, MO
Methodology: The suburbs included in this list were selected based on their overall popularity, determined by search trends and housing demand in the St. Louis area. Average rent and home sale price data were sourced from Redfin and Rent.com as of October 2024. Transportation data, including Walk Scores, Bike Scores, and Transit Scores, was sourced from Walk Score.
Credit union student loans are offered by member-owned financial institutions to help you cover college costs. While banks and online lenders also offer private student loans, credit unions often stand out by providing no-fee loans with competitive interest rates.
In this guide, we’ll walk you through how credit union student loans work, explore your options, weigh the pros and cons, and explain how to apply.
Credit union student loans are private loans offered by credit unions to help students pay for college or other educational costs. Depending on your situation, they can be a good alternative to loans from big banks or once federal student loans have been exhausted.
Credit unions are all about putting their members first. Because they prioritize people over profits, they can offer perks like lower interest rates and fewer fees. Some credit unions even team up with others to share resources, making things more convenient and affordable for you.
Advantages include:
Lower costs: As nonprofits, credit unions don’t focus on making money for investors. This allows them to pass savings on to you through lower interest rates and fewer fees, helping you save on loans.
Member-focused: Credit unions are dedicated to helping their members. You’re likely to receive personalized attention and support from representatives who take the time to understand your needs and recommend the best services for you.
Flexibility: Credit unions may be more flexible with loan eligibility requirements for members. They might be more willing to work with students who are considered high-risk or don’t have a cosigner.
To get a student loan from a credit union, you typically need to be a member. Each credit union usually has its own membership guidelines, which might require you to work in a specific industry, belong to a certain group, live in a particular area, or attend a specific school.
If you have a family member who’s already a member, you might be able to join through them. Many credit unions allow immediate family members to become members, which could give you access to a student loan.
Keep in mind, though, there might be a membership fee, typically between $5 and $25.
When it comes to getting a student loan, each credit union has its own criteria, just like banks and online lenders. While private lenders often look for a credit score of 670 or higher, you might still qualify even if your score is lower.
Recommended: Do Credit Unions Help You Build Your Credit Score?
Here’s a look at the types of student loans offered by credit unions. Keep in mind, though, that options vary by credit union.
Private student loans from credit unions are a way to help cover college costs. While it’s recommended to use federal financial aid first, a private student loan from a credit union may help bridge the gap. These loans often have competitive interest rates and flexible terms, making them an appealing option to finance higher education costs.
Unlike federal student loans, though, how much you can borrow and the interest rate you get usually depend on your credit and income.
Some credit unions offer student loan refinancing options, which may help you streamline your student debt and potentially save you money. When you refinance with a credit union, you’re essentially getting a new loan to pay off your existing ones, whether your loans are federal or private.
In other words, credit union refinancing for student loans lets you consolidate your loans into one payment, potentially with a lower interest rate and better terms if you qualify. And with just one monthly payment to manage, handling your debt could become much less stressful.
Keep in mind, though, that refinancing federal student loans into private student loans makes it so you’re no longer eligible for federal benefits, such as student loan forgiveness programs and income-driven repayment plans.
Recommended: Pros and Cons of Student Loan Refinancing
Applying for a student loan from a credit union is a straightforward process, but it’s important to understand the eligibility requirements, necessary documentation, and application process.
Before applying for a student loan from a credit union, you’ll typically need to become a member. Some credit unions will let nonmembers apply, but to receive a loan you must be a member. If you’re already a member, make sure you meet their lending requirements — like being enrolled at least half-time.
Also, double-check to see if your school qualifies for private student loans. If you’re attending a community college or trade school, not all schools may be eligible, so it’s important to confirm.
If you meet the eligibility requirements, you can typically apply online, by visiting a branch, or by reaching out to the credit union directly.
When you’re ready to apply, you’ll typically need to share some basic information, like your name, Social Security number, and proof of income. It’s a good idea to check your credit score first, as lenders typically look for borrowers with a solid credit history, a good credit score (670-739), and a certain level of income.
If you’re concerned you might not qualify on your own, think about getting a cosigner. A student loan cosigner could increase your chances of getting approved and might even help you get a lower interest rate and better terms.
You may want to compare lenders in order to get the best rate and terms for your situation. Some lenders let you get prequalified, which helps you explore your options. Since prequalifying only involves a soft credit check, it won’t affect your credit score and you can see potential rates and terms without any worries.
In addition to exploring credit unions, it’s worth checking out other lenders that might offer competitive rates and terms.
Once you choose your credit union or another lender, you can submit your official application. The lender will then usually do a hard credit check, and you’ll get the final approval decision.
With some private student loans, you’ll need to make payments during school, while others let you hold off until you’ve graduated. To find out which one applies to your loan, check with your loan servicer or take a look at your loan documents.
It’s also a good idea to ask if the interest that builds up during the time you’re in school will be added to your principal balance when repayment starts.
When it comes time to make your payments, where you pay depends on your loan servicer. Most servicers let you pay online, but it’s smart to confirm this before your payments begin.
Many servicers also offer automatic payments, which automatically deduct your monthly payment from your bank account. This can help you avoid missing payments or getting hit with late fees.
Recommended: 6 Strategies to Pay Off Student Loans Quickly
Here are a few tips for managing your credit union private student loans.
Make a budget. Knowing where your money goes each month is key to setting aside funds for loan payments. Review your income and expenses to see where you can cut back, and try to allocate more toward paying off your loans.
Compare repayment options. Unlike federal loans, repayment options with credit unions and other private lenders can vary. If you’re struggling to keep up with payments, check if your lender offers plans like interest-only repayments, which allow you to defer the principal.
Make extra payments. Whether it’s biweekly payments instead of monthly or tossing in extra cash when you can, paying a bit more here and there can help you pay off your loans faster. Just be sure to request that any extra funds go directly toward the principal balance.
Sign up for autopay. Many private lenders offer an automatic payment option. By enrolling in autopay, you can ensure you never miss a payment.
Focus on high-interest debt. If you have multiple student loans, paying off the one with the highest interest rate first could save you money in the long run.
Consider refinancing your loans. If managing your payments feels overwhelming, you can refinance your student loans. This allows you to combine multiple student loans into one, ideally with a lower interest rate or more favorable terms.
Credit unions offer private student loans to help cover college expenses like tuition and books. Unlike federal student loans, these private loans don’t offer the same flexible repayment options or borrower protections. It’s best to use your federal aid first, and then turn to private student loans if needed.
If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.
Yes, some credit unions offer private student loans to their members. These loans work similarly to those provided by banks or online lenders, often with competitive interest rates and additional member perks.
Yes, student loans from credit unions are considered private since they’re funded by the credit union, not the government. While they don’t offer the same federal benefits and protections, they often come with competitive rates and special perks for members.
Getting a student loan from a credit union usually depends on your credit history and being a member. Membership might require living in a certain area or belonging to a specific group. But once you’re in, you could benefit from more personalized service and potentially better rates than what you may find with other lenders.
Photo credit: iStock/hobo_018
SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi.com/eligibility-criteria for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
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.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
SOISL-Q324-039
Source: sofi.com
Missouri may be known for big cities like St. Louis and Kansas City and BBQ cuisine, but it’s also known for its scenic landscapes. From the lush plains region to blue lakes and the famous Ozark Mountains, Missouri has plenty of towns that capture the spirit of the great outdoors. So, if you’re looking for a mountain town to call home, look no further than Missouri.
At Rent., we’ve collected a list of the best mountain towns in Missouri to live in this year. Each town has its own unique character and community feel mixed with peaceful surroundings and outdoor adventure. Read on to discover which areas made the list.
Mountain range: Ozark Mountains
Average rent price: $1,157
Population: 11,540
Houses for rent in Branson, MO
Apartments for rent in Branson, MO
Homes for sale in Branson, MO
The first mountain town on our list is Branson, a popular travel destination in the heart of the Ozark Mountains. Branson offers a unique blend of entertainment and outdoor adventure. The town has a vibrant theater scene with spots like Dolly Parton’s Stampede, the Hughes Brothers Theatre, The Dutton Family Theater, and Clay Cooper Theatre, among many others. You can check out all the museums, theatres, and landmarks in the Branson Theatre District.
If you’re looking to get outdoors, Branson is surrounded by several parks and lakes, providing ample opportunities for fishing, hiking, and boating. Some areas to explore include Table Rock State Park, the Branson Scenic Overlook, Ozark Mountain State Park, White River Balds Natural Area, and Talking Rocks Cavern. Branson’s proximity to the mountains allows for easy access to scenic trails and outdoor activities, making it a great city for those who love nature and entertainment.
Mountain range: Ozark Mountains
Average rent price: $1,925
Population: 3,750
Houses for rent in Camdenton, MO
Apartments for rent in Camdenton, MO
Homes for sale in Camdenton, MO
Camdenton lies within the scenic Ozark Mountains, offering residents a peaceful place to call home. There are plenty of outdoor activities to explore in the area such as Bridal Cave & Thunder Mountain Park and Ha Ha Tonka State Park, which features the Ha Ha Tonka Spring Trail and Ha Ha Tonka Castle Ruins. Camdenton is a gateway to the Lake of the Ozarks, making it a haven for water sports enthusiasts.
With a population of under 4,000, Camdenton is also known for its close-knit community and access to outdoor adventures. In town, you can check out places like Ozarks Amphitheater, a popular concert venue, and the many local restaurants and shops. With its rich history and welcoming atmosphere, Camdenton is a great choice.
Mountain range: Ozark Mountains
Average rent price: $1,106
Population: 39,530
Houses for rent in Cape Girardeau, MO
Apartments for rent in Cape Girardeau, MO
Homes for sale in Cape Girardeau, MO
Located on the banks of the Mississippi River and in the Ozark Mountains, Cape Girardeau is a city rich in history and natural beauty. With a population of nearly 40,000, it offers a mix of city and outdoor living. Cape Girardeau is home to numerous parks, historical sites, and cultural institutions like Historic Fort D, the Crisp Museum, Cape Rock Park, and The Glenn House.
Cape Girardeau’s residents enjoy a variety of recreational activities, including hiking, biking, and exploring the nearby trails. The city also serves as a gateway to the Trail of Tears State Park and the Shawnee National Forest. Finally, the vibrant downtown area boasts unique shops, restaurants, and galleries, giving residents plenty to do in Cape Girardeau.
Mountain range: St. Francois Mountains
Average rent price: $667
Population: 18,210
Houses for rent in Farmington, MO
Apartments for rent in Farmington, MO
Homes for sale in Farmington, MO
Farmington is a charming town set against the backdrop of the St. Francois Mountains, offering plenty of outdoor areas to explore. Home to about 18,000 people, residents enjoy access to a variety of outdoor activities, including hiking in nearby state parks like St. Joe State Park, Hawn State Park, and Hickory Canyons Natural Area.
You can also learn about the region’s rich mining history at the Missouri Mines State Historic Site. Farmington’s community is vibrant, with local festivals, farmers’ markets, and cultural events throughout the year. The downtown area is also home to plenty of local restaurants, shops, and historic architecture.
Mountain range: Ozark Mountains
Average rent price: $1,231
Population: 4,450
Houses for rent in Hollister, MO
Apartments for rent in Hollister, MO
Homes for sale in Hollister, MO
Located just south of Branson is the quaint town of Hollister. The town is surrounded by rivers, lakes, and forests, making it a perfect spot for outdoor enthusiasts. Near green spaces and trails like Lost Canyon Cave and Nature Trail, Table Rock State Park, and the Drury-Mincy Conservation Area, there is always a place to explore in the Hollister area.
Residents of Hollister enjoy the town’s proximity to Branson, with its entertainment options, while having a more laid-back atmosphere. Hollister’s historic downtown area, with its unique architecture and local businesses, adds to the town’s charm and appeal.
Mountain range: Ozark Mountains
Average rent price: $1,047
Population: 50,030
Houses for rent in Joplin, MO
Apartments for rent in Joplin, MO
Homes for sale in Joplin, MO
Sixth on our list is Joplin, a historic city known for its location along Route 66. Situated in the Ozark Mountains, Joplin is close to natural areas like Shoal Creek, the George Washington Carver National Monument, Grand Falls, and the OK-KS-MO Tri-State Marker.
Joplin’s residents have easy access to numerous parks, museums, and cultural venues. The town’s rich mining history is celebrated in local museums and attractions, like the Joplin History & Mineral Museum, Route 66 Mural Park, and the Joplin Union Depot. Joplin is also known for its vibrant arts scene, with galleries, theaters, and public art installations throughout the city, which showcase the city’s history.
Mountain range: Ozark Mountains
Average rent price: $996
Population: 14,900
Houses for rent in Lebanon, MO
Apartments for rent in Lebanon, MO
Homes for sale in Lebanon, MO
Lebanon offers a blend of outdoor adventure and small-town charm, close to parks like Bennett Spring State Park, Bear Creek Conservation Area, and the Lead Mine Conservation Area. The town is known for its beautiful parks, historic landmarks, and access to outdoor activities such as fishing, hiking, and camping.
For example, you can check out places like the Route 66 Museum, the E.D. Rush Covered Bridge, and the Boswell Park Rt 66 Murals. The town hosts several annual events that bring the community together, including festivals and farmers’ markets. Lebanon combines the tranquility of mountain living with modern city life.
Mountain range: Ozark Mountains
Average rent price: $813
Population: 20,180
Houses for rent in Rolla, MO
Apartments for rent in Rolla, MO
Homes for sale in Rolla, MO
Rolla is a vibrant town just outside of the Mark Twain National Forest. This forest is home to popular trails like the Bell Mountain Trail, fishing areas, and campgrounds. You can also explore nearby areas like the Little Prairie Conservation Area, Maramec Spring Park, Indian Trail Conservation Area, and Dillard Mill State Historic Site.
Rolla is home to about 20,000 residents, where you’ll find the Missouri University of Science and Technology, giving the city a bustling atmosphere. The town is also home to several parks, venues, and museums like Ozark Rivers Audubon – Nature Center, Ber Juan Park, the Ozark Actors Theatre, and the Phelps County Historical Society. If you’re looking for small-town charm alongside nature, be sure to check out Rolla.
Mountain range: Ozark Mountains
Average rent price: $1,559
Population: 167,700
Houses for rent in Springfield, MO
Apartments for rent in Springfield, MO
Homes for sale in Springfield, MO
Springfield is a bustling city surrounded by the natural beauty of the Ozark Mountains. With a population of over 167,000, Springfield offers a wide range of cultural, educational, and recreational activities. The city is known for its vibrant downtown area and unique attractions like the Pythian Castle, History Museum on the Square, the Discovery Center of Springfield, Route 66 Car Museum, and the World’s Largest Fork By Mass.
Springfield’s residents enjoy a variety of outdoor activities, including exploring the numerous parks and trails in the area. Some popular areas include the Fantastic Caverns, the Bois D’Arc Conservation Area, the Rutledge-Wilson Farm Park, the Nathanael Greene/Close Memorial Park, and the Valley Water Mill Park. If you’re looking for a big city that’s close to nature, then Springfield may be for you.
Mountain range: Ozark Mountains
Average rent price: $625
Population: 12,110
Houses for rent in West Plains, MO
Apartments for rent in West Plains, MO
Homes for sale in West Plains, MO
West Plains is located in the Ozark Mountains and is known for its scenic beauty, with easy access to outdoor activities such as hiking, fishing, and hunting. It’s near popular locations like the Collins Ridge Trail, Cane Bluff, and White Ranch Conservation Area.
The town hosts a variety of cultural events and festivals, reflecting its rich heritage and community spirit. You can also find plenty of local restaurants, shops, and museums like the Harlin Museum. West Plains’ residents enjoy the benefits of rural living while having access to the amenities and conveniences of a larger town.
Note, this list is not comprehensive of all the mountain towns in Missouri. Towns must have average rental data to be included on the list. Average rental data from Rent.com during September 2024. Population data is sourced from the United States Census Bureau.
Source: rent.com
FoundersCard, a membership community offering exclusive perks and discounts on travel, business expenses, entertainment and shopping, charges $595 per year for a standard membership. It’s marketed as a VIP pass for entrepreneurs and business executives. But to me, it felt less like a VIP pass and more like a coupon book that takes significant effort to use.
Although FoundersCard sounds like a credit card, it isn’t one. It’s a membership program that gives you elite status to certain airline and hotel brands and access to several discounts, plus business perks like members-only networking opportunities. Unlike the premium credit cards it competes with, you won’t earn a sign-up bonus or ongoing rewards with each purchase. And, notably, it doesn’t come with complimentary lounge access, a benefit travelers often use to justify the price of premium cards.
FoundersCard could be worthwhile for business owners wanting to take advantage of the business-specific benefits or loyalists of some of the participating airlines who spend upwards of $3,500 a year on flights. And if you can access membership for free (like I did) or at a discounted price, it might be a good deal. But at full price, it’s not a good value for most travelers.
FoundersCard has two membership levels:
Standard: $595 a year.
Elite: $995 per year.
It’s relatively easy to find promotions to test out the program before you pay. As of September 2024, you could receive a six-month free trial through the FoundersCard website. I received a free year of the Standard membership through my Clear membership.
Depending on how you sign up, you may have access to a different rate. For example, I was offered a renewal rate of $395 for the standard membership.
Once I filled out the application form for FoundersCard, I received an email stating that the membership board would look over my application and get back to me in one to three business days if I was approved. I received my approval email a little less than 24 hours later.
If you decide to accept a membership, you’ll need to provide your credit card information, but you won’t be charged until your trial period ends.
You can’t see the program’s full benefits until you’re approved. Once you are, you’re met with a dizzying amount of discounts, perks and elite status benefits. Here are some things you can expect:
Up to 16% off flights through United Airlines, Alaska Airlines, Virgin Atlantic, British Airways, Etihad Airways, Singapore Airlines, Qantas and Qatar Airways.
Elite status with Marriott Bonvoy (Platinum status), Hilton Honors (Gold status), IHG (Gold status), Omni (Champion status), Sonesta (Gold status), Virgin Atlantic (Silver status), Hertz, Avis and Sixt.
Discounts on select hotels.
Preferred pricing at sporting events, concerts and plays.
Discounts at select retail stores, like Adidas, Mr Porter and COS.
Preferred pricing on gym memberships through Equinox, Crunch Fitness, SoulCycle and CorePower Yoga.
Preferred pricing on electronics through Dell, Apple and Lenovo.
Discounts and credits on business services, like Amazon Web Services, Google Workspace, Stripe, Square and Hubspot.
Discounts on memberships and daily passes at select coworking spaces.
Up to 15% off select phone plans through AT&T.
Some of these benefits can be extremely valuable, especially if you have expenses that match what FoundersCard offers. Others are similar to deals you might get on $0-annual-fee credit cards.
🤓Nerdy Tip
Some of FoundersCard discounts will be automatically applied to your purchase once you click through the link on FoundersCard’s website. But you may need to provide a promo code to receive a discount, which you’ll find once you click on specific benefits.
As an avid credit card user, I was pleasantly surprised to find perks through FoundersCard that are harder to find on credit cards. Here are a couple of my favorites:
United Airlines is rarely my first choice of airline, but since I live near a United hub, it’s often the best option. So that potential 16% discount on flights would be significant for me. It’s important to note, though, that you’ll only get this discount once you pay for a Standard membership. The trial period I currently have doesn’t come with this offer.
If you pay full price for the Standard membership, you’d need to spend over $3,700 on United flights each year to break even, which is more than most people will spend. But even if it doesn’t cover the entire cost of a membership, it can cover a significant chunk for travelers who often fly United.
Keep in mind the math doesn’t apply to every participating airline with a discount. The discount varies by airline, so you might have to spend even more to break even if you’re a devoted Alaska Airlines flyer (which only has a 5% discount) or British Airways flyer (which only has an up to 10% discount).
Don’t get me wrong: I love my hotel rewards. But sometimes it’s nice to stay at a boutique hotel that isn’t connected to a large hotel chain. FoundersCard gives you deep discounts at over 500 hotels, many of them smaller chains. You can often find 20% discounts, and several hotels even waive resort fees.
FoundersCard gives you automatic Hyatt Leverage, a program designed for small businesses that gives participants up to 15% off qualifying stays. Anyone can sign up for Hyatt Leverage, but if you (or your employees) don’t stay at least 50 nights per year, you could get removed from the program. With FoundersCard, there’s no such requirement. Because of Hyatt’s small footprint, I don’t stay at the brand often. But a 15% discount definitely makes me seek out Hyatt hotels when it’s available.
FoundersCard will get you into No1, Plaza Premium and The Club lounges for up to 20% cheaper than the general public pays. That’s not nothing. But considering the price of a membership that touts its premium travel benefits, I’d expect to sip cocktails in a free airport lounge.
Many credit cards — some with significantly lower annual fees — get you into airport lounges at no additional cost. For example, the $395-annual-fee Capital One Venture X Rewards Credit Card comes with access to Capital One lounges, Priority Pass lounges and Plaza Premium lounges. Even the United℠ Explorer Card, which has an annual fee of $0 intro for the first year, then $95, comes with two free day passes to United Clubs.
FoundersCard offers automatic elite status for several hotels and rental car companies. This is a nice perk, but many hotel credit cards also offer an equivalent or higher level of elite status for a much lower price. For example: My $99-annual-fee IHG One Rewards Premier Credit Card gives me Platinum Elite status for IHG. FoundersCard only comes with Gold.
FoundersCard doesn’t provide any meaningful information to prospective members. Sure, it’s relatively easy to get a free trial, but it would be nice to know what you’re signing up for — before you have to provide your credit card information.
Even with my free membership, I can’t view key information that would influence my decision to renew my membership or upgrade to the Elite level. Up to 16% off United flights is a major perk. But I can’t see what the “up to” entails without paying. If I could guarantee 16% off all United flights, it would definitely influence my decision to renew my membership. But what if this rate only applies to certain routes or certain classes? The actual benefit could be much less valuable than I’d hope for.
FoundersCard sometimes offers event tickets at a discounted rate. While a great perk, it wouldn’t be a selling point for me.
In September 2024, I looked at tickets to a Texas Rangers baseball game, several broadway shows and a Taylor Swift concert. The Rangers tickets were roughly half the price through FoundersCard. The Broadway shows were the same price or even more than booking through Broadway.com. And Taylor Swift tickets were selling for a whopping $2,000 more than you could book on SeatGeek.
For people who can justify the cost of FoundersCard, potential savings on entertainment is a nice addition. But for the price, I’d expect more guaranteed savings on this spending.
Unlike many premium credit cards, FoundersCard doesn’t come with statement credits to help you cover the cost of the annual fee. You could luck out and score a great deal on a hotel room or a couple of first class flights to cover the annual fee. But if not, you’ll likely need to add up small, individual savings throughout the year and hope the value outweighs the cost.
Even the $695 annual fee on The Platinum Card® from American Express is easier for me to justify (see rates and fees). The Platinum Card® from American Express comes with complimentary lounge access, which gets me into Centurion Lounges, Priority Pass lounges and Plaza Premium lounges, and it offers the same level of Hilton elite status (enrollment required). Terms apply.
On top of that, it’s easy to calculate the value of the other benefits. I recoup $640 each year with expenses I’m already going to make by taking advantage of three main statement credits:
$200 airline incidentals fee credit.
$200 Uber credit.
$240 entertainment credit.
Terms apply.
That leaves just $55 to make up throughout the year — significantly less than the $395 (or $995) I’d need to justify with FoundersCard.
If you can find a free trial, it’s worth opening an account to try out the benefits. Business owners will probably get the most use out of the membership, but most travelers would probably be better off applying for a credit card with rewards and perks that match their lifestyle.
Source: nerdwallet.com
You might think that if you close a loan or credit card account it will no longer affect your credit report, but they can actually stay on your credit report for up to 10 years. During this time period, these accounts can help or hurt your credit score, depending on a number of factors.
Here’s what you should know about closing loan and credit card accounts from your credit report.
Key Points
• Closed credit accounts can stay on your credit report for up to 10 years, impacting your score.
• On-time payments on closed accounts positively affect your credit history.
• Late payments on closed accounts can negatively impact your credit history for seven to 10 years.
• Closing accounts can affect your credit utilization rate and credit mix, influencing your credit score.
• Removing closed accounts with poor payment history or fraudulent activity can build your credit profile.
Closed credit accounts and loans can have varying effects on your credit, some positive and some negative, due to the factors that make up your credit rating. Here’s a closer look at three of those that are significant in this situation: your credit history, your credit utilization rate, and your credit mix.
A closed account on which you made on-time payments will help your credit score by building your credit history. The effect will be less than if it were an open account, but it would be a positive factor nonetheless, since it shows that you can manage credit responsibly.
However, if you made late payments on an account that is now closed, the negative impact may linger in your credit history for seven years and up to 10 years if you file for bankruptcy.
Longevity is a factor on your credit report. Credit scoring systems reward borrowers with a longer history of managing debt and repayment. That means that if you close an account and seven years pass, you’ll lose any benefit of having had that account. It won’t make a significant change, but it is another factor to be aware of.
Part of your credit rating is based on how much debt or credit you already have. Creditors look at your credit utilization ratio, which is how much credit you have available to you versus how much you actually use. The best case scenario is to not use more than 10% of your accessible credit; otherwise, no more than 30% is a good move.
Two examples:
• Say you have a $10,000 credit limit on your credit card, you might want to limit your balance to $1,000. That’s 10%.
• Otherwise, keeping your balance to no more than $3,000 would be 30%, the upper end of what’s considered a good credit utilization ratio.
If you close a loan or a credit card account, that might reduce the amount of credit available to you, which will increase your utilization rate. If you open a credit card or take out a loan, that will increase the amount of credit available to you, thereby decreasing your utilization rate.
Credit scoring systems, such as the FICO® Score and VantageScore® look at the types of loans you have and how you manage them. These systems reward a mix of loan types, such as installment loans (auto loans and mortgages), and revolving accounts such as credit cards. Eliminating a credit card account or other type of loan (such as when it is closed and eventually drops off your report) could limit your credit mix, and that could negatively impact your credit score. Worth noting though: Credit mix counts for 10% of your score vs. 35% for your payment history (meaning, how successfully you make payments on time).
Both closed and open accounts can contribute to your credit rating as they stay on your credit report. That’s because the credit agencies can gain a fuller picture of your risk as a borrower the more information they have.
Monitoring and understanding your credit report (perhaps with a credit score monitoring app; your bank may offer this) is an important part of your financial wellness.
If possible, remove a closed account from your credit report if it has a poor payment history. Also, remove any accounts that are found to be fraudulent. If an account shows that you made regular, on-time payments, don’t remove it because it will be helping your score.
Recommended: Average Salary by State
A few factors affect your credit score; one of which is your credit history. As noted above, your credit history shows the loans and credit cards you have obtained in the past seven to 10 years, along with your repayment patterns. Even closed accounts are part of that narrative for the stated period of time.
That said, there may be a way to remove a closed account from your credit report, which you might want to do if it is having a negative effect. Here are some options.
It might be that you notice a fraudulent account when you check your credit report. If that is the case, you can remove the record by submitting a dispute in writing with each of the three credit bureaus (Equifax®, Experian®, and TransUnion®). You must include supporting documents. The bureaus will investigate your complaint and update your credit score if there is fraudulent data.
Another way to remove a closed account from your credit report is to directly contact the creditor that’s involved and ask them to remove the account from your credit report. (This is sometimes known as a goodwill letter or goodwill request.) The creditor will have to contact the credit bureau(s) directly to do so. You will be more successful if you have a positive credit history and relationship with the creditor.
In time, a closed account will no longer be reflected on your credit report, but it might take seven to 10 years. The good news is that the accounts that stay the longest are usually ones that you closed in good standing, and these will positively influence your credit score.
Recommended: Why Did My Credit Score Drop After a Dispute?
“Account closed” on your credit report indicates an account that is no longer active. There can be several reasons for an account being closed.
• Perhaps it was an installment loan that you paid off.
• You might have opened a credit card account and then decided to close it (maybe you weren’t using it much).
• The creditor closed it, which could be positive (you paid off a loan) or negative (you weren’t paying your bills in a timely manner).
These are typical scenarios that lead to seeing “account closed” on your credit report.
Lenders usually update the credit report agencies with closed account information at the end of a billing cycle. Thus, it could take one or two months before a paid-off account is reflected on your credit report.
As noted above, how long closed accounts stay on your credit report can vary.
• Accounts closed in good standing (paid on time and in full) can remain on your credit report for up to 10 years.
• Accounts closed due to nonpayment (these include collection accounts, some bankruptcies, and debt settlement) remain on your credit reports for seven years from the first missed payment or from being turned over to collections. The exception is Chapter 7 bankruptcy, which usually stays on your credit report for 10 years.
Here’s advice that can help you manage existing credit card and loan accounts well.
• First, it’s always wise to take control of your budget. Whether you do that with the 50/30/20 budget rule or a financial tracking app, keeping on top of your income, your spending, and your saving can be a money-smart move.
• Check your credit score regularly to make sure there is no fraudulent activity. You might aim for an annual review.
• Extend your credit history as much as you can with accounts that are and have been in good standing. This means it’s probably in your best interest to occasionally use a credit card account and keep it in good shape vs. closing it because you don’t use it often. This can reduce your available credit and possibly lower your debt utilization ratio.
One good idea can be to use a credit card for predictable expenses, such as streaming services, and set up automatic payments. That way, you will be paying a set amount each month and building a positive credit history.
These moves can help you keep your financial profile in good shape.
Closed credit accounts will stay with you for a long time, seven to 10 years usually. Keep accounts that you have owned for a long time open and in good standing whenever possible. If you have fraudulent accounts on your credit history or ones that were not managed well, you might take steps to have them removed and possibly build your credit profile.
Keeping tabs on your credit score and your budget can be easy with the right tools, like those SoFi offers.
Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view 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.
See exactly how your money comes and goes at a glance.
You can remove a closed account from your credit report if you suspect it is fraudulent by filing a dispute with the three credit bureaus. You can also contact a creditor directly and ask them to remove a closed account. However, they are under no obligation to comply with this kind of request for a “goodwill” deletion. Alternatively, you can wait for seven to 10 years, after which closed accounts will fall off your credit history.
The 609 loophole is a tactic that some people think will remove bad debt history from their credit reports. A section of the Fair Credit Reporting Act states that you can write a letter to gain documentation on what you may believe is an incorrect entry in your credit history. The 609 letter theory is that if a credit bureau cannot produce a piece of information, such as the original signed copy of your credit application, they have to remove the disputed item because it’s unverifiable. However, these steps are not the same as a dispute. Also, if you have legitimate debt, even without this documentation, the debt may remain. In other words, this process is unlikely to provide a shortcut to building your credit.
At which point a debt can no longer be collectible varies based on the type of debt and the state you live in. It is often between three and six years, but it could be as long as 20 years. After the statute of limitations that applies, a debt collector can no longer sue you for repayment, though some might still try to collect.
Photo Credit: iStock/dusanpetkovic
SoFi Relay offers users the ability to connect both SoFi 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. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. 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 is a VantageScore® based on TransUnion® (the “Processing Agent”) data.
*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
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.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
SORL-Q324-024
Source: sofi.com