Questions tagged [points]
25 questions
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Gigantic point amount on rewards card - what are potential consequences?
Recently, I asked with an online form for some receipts to get added to my rewards card (because I forgot the card when paying).
However, they accidentally added more than a thousand times the amount that should have been added. As a result, I could…
Aganju
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Credit card offering 0.5 miles for every cent rounded up. Too good to be true?
I just received an offer on my credit card (Barclays Aviator, if needed to verify). The offer (Flight Cents) is as follows:
I can choose a limit every month ($1 to $500)
Every transaction during a billing cycle will earn points (American Airlines…
perennial_noob
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How does the math work when buying airline miles?
Signing up for credit cards to get airline bonuses and flying more are good options to earn miles. With an average redemption/valuation of 1 cent/mile or maybe 1.2 cents/mile why would it make sense to buy airline miles at 1.7 or 2 cents/mile?
perennial_noob
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What can Amex do if I cancel their card after using the sign up bonus miles?
I recently applied for the Amex Gold Delta Skymiles card, with the intention of getting the sign up bonus (60,000 miles after $2k spend in first 3 months) and canceling the card before the first annual fee kicks in (as it is waived for the first…
Runeaway3
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How do credit card companies know what type of business I'm paying for?
Credits cards have many different ways of offering you points on types of goods or services you pay for. How do they know if I'm buying, say, food or gas?
There are so many different different businesses around; how would a credit card company…
Conor Patrick
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16
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Should I pay points on my mortgage?
We're looking into refinancing from a 30 year mortgage at 5.5% (currently 23 years left) to a 20 year mortgage at 4.5%. Paying points will reduce the rate somewhat, but since we don't have extra money to pay them, the price will be rolled into the…
Don
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Do mortgage points get applied directly to the principal?
Lets say I want a $100,000 mortgage. I can get it at x%, or (x-0.25)% if I pay 1 point. If I do the 1 point option, will my first payment be on a $99,000 balance, or a $100,000 balance? In other words does the point I pay go towards my mortgage or…
David says Reinstate Monica
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Are travel point / reward credit cards worth the hassle and cost?
Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of cards? How best to use them effectively, if at…
unknown
6
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Paying for mortgage points vs investing that money
First time home buyer here.
So I've been reading about points and how an up-front payment can save you money in the long term. At first, the numbers seem pretty convincing. For example, pay $5000 upfront for a whopping saving of $20,000 over 30…
anon
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Mortgage points vs. down payment: How should I look at the break even point?
Some relevant questions are here:
What are points on a mortgage?
Should I pay points on my mortgage?
First Time Home Buyers - Down Payment, PMI and Points
I am aware that most people look at the break even point and the time they intend to keep the…
LasEspuelas
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Is it good to get 2 credit cards for different bonus?
I currently have a pretty plain credit card, the First Tech Platinum, but I was thinking that I don't really get much out of it, so I started to looked into other cards with better rewards, and cancel my First Tech.
My main question is: is it OK…
Francisco Noriega
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Is there an easy way to compare store or credit card loyalty programs? How can I tell which is best?
Surely someone has come up with a spreadsheet or calculator to run comparisons?
Nat_Rea
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Buying points on a mortgage
Several questions on this SE have asked whether one should pay points (or even what they are). All of these questions appear to only look at the nominal cost, not the inflation-adjusted costs.
Is it reasonable to look at the present value of the…
costrom
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10-Year Treasury Future Quotes
The CBOE lists the current price for a June 2013 10-Year Treasury future as 132'155. The contract specifications state that the price quote is Points ($1,000) and halves of 1/32 of a point.
Does this mean that if I want to buy one June 10-Year…
user2023861
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