Updated on 11/08/2020

MagnifyMoney

This company is not yet accredited. See reviews below to learn more or submit your own review.

MagnifyMoney is a website that publishes reviews, features and articles regarding a range of personal finance topics, including student loans, car financing, retirement planning and debt elimination. Its tools and resources are free and frequently updated. The company is part of LendingTree.

BOTTOM LINE

MagnifyMoney offers free, impartial advice on personal finances. The website is part of LendingTree and is supported by advertisers. Its featured topics include loans and credit cards, and it updates its information daily.

PROS

Frequently updated
Variety of topics
Free resources and tools

CONS

Might not list all available choices
Fewer comparison options than some

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How MagnifyMoney works

MagnifyMoney hires independent researchers to write about various aspects of personal finance. Its team compares the top 100 banks, credit unions and startups to find the best financial opportunities, then creates in-depth guides to help consumers make better financial decisions without bias. MagnifyMoney offers guidance on several topics, including:

Credit cards: You can review cards with balance transfer, cash back rewards, low interest rates and more. The guides can help you choose which card in which area is best for you.
Personal loans: A personal loan comparison tool helps you easily find which loan is the best for you. It compares terms, interest rates, origination fees and more.
Student loans: The site compares private student loans and student refinancing options. It also offers useful payment calculators to help you understand what your loan could look like throughout the payment term.
Auto loans: You can compare options and get preapproval for an auto loan. A calculator tool helps you find the best car in your budget.

MagnifyMoney costs

There’s no cost to use the MagnifyMoney website; it’s a free resource for those seeking personal finance guidance, and its blogs, calculators and other financial tools require no payment. However, its listed loan providers, credit card issuers and other financial institutions are likely to charge fees of their own.

MagnifyMoney FAQ

Does MagnifyMoney offer personal loans?: No. MagnifyMoney connects users to different personal loan lenders through its comparison tools, but it doesn’t offer funding directly.
How does MagnifyMoney pick the best credit cards?: MagnifyMoney’s editorial team looks at the top 100 banks and credit unions, plus a long list of startups, to find the best options. The site then publishes the results.
Where is MagnifyMoney’s headquarters located?: MagnifyMoney is headquartered in New York.
How does MagnifyMoney make money?: MagnifyMoney is supported by advertisers and makes money through referrals. After creating its recommendations, the company contacts the featured institutions to inquire about referral deals and affiliate links. MagnifyMoney gets paid every time a user opens an account with participating companies.
When was MagnifyMoney founded?: MagnifyMoney was founded in 2013.

Is MagnifyMoney legitimate?

MagnifyMoney is a legitimate website. While it might not offer as many comparison options as some of the other sites we’ve looked at, its impartiality provides users unbiased and reliable information about various personal financing institutions and processes.