Bankrate, Inc. Closes Offering of Common Stock

May 10, 2006 – New York, NY. Bankrate, Inc. (Nasdaq: RATE) (the “Company”) today announced the closing of its public offering of a total of 2,697,776 of shares of common stock at $48.25 per share. The total includes 345, 892 additional share of common stock, compromising 5,991 additional shares from the selling stockholders.

The public offering resulted in net proceeds to the Company of approximately $91.2 million, after deducting underwriting discounts and commissions and estimated expenses of the offering and applying reimbursements.

Credit Suisse Securities (USA) LLc acted as the sole book-running manager for the offering, while Citigroup served as co-lead manager and Jefferies Broadview, Canaccord Adams Inc., Needham & Company, LL, and ThinkEquity Partners LLC serves as co-managers. Copies of the prospectus supplement for the offering may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010.

A registration statement relating to those securities was declared effective by the Securities and Exchange Commission on May 4, 2006. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful to registration or qualification under the securities laws of any such state.