Discount points One discount point is equal to 1 percent of the requested loan amount. Lenders charge you discount points at closing to lower the interest rate that you pay on your mortgage loan. The more points you pay, the lower the interest rate. For home mortgage debt, the IRS considers discount points as interest and allows you to deduct them from your taxable income, subject to debt amount limits. Discount points are also called points and are usually synonymous with loan origination fees.
Terms vary from card company to company.
The industry average for redeeming accumulated miles for a free domestic-travel ticket ranges between 20,000 miles and 25,000 miles. The number of days a credit card company allows you to make a payment on a purchase without charging you a late fee or interest on the amount you purchase with the card. If you don't make the payment by the end of the grace period, the card company will begin to charge you for the use of the funds. Grace periods vary from card company to company. Be sure to read the specific terms of the grace period for any credit card that you consider accepting.