Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Ricciardelli Michael
 2. Date of Event Requiring Statement (Month/Day/Year)
05/07/2007		 3. Issuer Name and Ticker or Trading Symbol
BANKRATE INC [RATE]
(Last)
(First)
(Middle)
ONE NORTH WACKER DRIVE, SUITE 4343		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP-Consumer Marketing
 5. If Amendment, Date Original Filed(Month/Day/Year)
05/07/2007
(Street)

CHICAGO, IL 60606		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 450
D
 
Common Stock (1) 25,000
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options for Common Stock (2) 09/12/2007 09/12/2013 Common Stock 50,000 $ 30.62 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ricciardelli Michael
ONE NORTH WACKER DRIVE
SUITE 4343
CHICAGO, IL 60606		       SVP-Consumer Marketing  

Signatures

Michael J. Ricciardelli 05/08/2007
**Signature of Reporting Person Date
By Robert J. DeFranco, Attorney-In-Fact 05/08/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Grant of restricted stock dated April 27, 2007 that will vest in tiers based on the price of the Company's common stock achieving certain targets for a sustained period of 90 days.
(2) Options to purchase 12,500 shares vest on September 12, 2007. The remaining options vest monthly at a rate of 1041.667 options per month beginning on October 1, 2007 through September 12, 2010.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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