2007-02-15 17:27:05 · 3 answers · asked by hatchetscout 1 in Business & Finance ➔ Credit
In the context of lending, it allows lenders to make money even before they charge you regular interest on a loan.
If you ever have the choice, decline the "points" when a mortgage company asks you how you want to borrow money.
2007-02-15 17:37:49 · answer #1 · answered by michaeltaylor0331 2 · 0⤊ 0⤋
If you're referring to creditdeit cards....points programs allow you to earn a specified amount of points for most everyday transactions. Usually points can be redeemed for travel, merchandise/gift cards, or cash back. Call your bank for more details on plans, there are some really good ones out there!
2007-02-16 01:38:46 · answer #2 · answered by imagined_dreamer 2 · 0⤊ 0⤋
Points on answers just let you ask more and answer more,also rate.I think that about sums it up.
2007-02-16 01:36:18 · answer #3 · answered by tinker 4 · 0⤊ 0⤋