Paying With Plastic Baldwin NY

Most credit card issuers offer a 25 day grace period in which to pay for new purchases without incurring finance charges if you pay your balance in full each month. Some issuers have shortened the grace period or eliminated it altogether even if you always pay your account in full.

Local Companies

Chase Bank
(516) 371-4100
335 Rockaway Tpke
Lawrence, NY
Chase Bank
(631) 385-2391
150 Walt Whitman Rd
Huntington Station, NY
Capital One
212-534-7015
1536 Third Ave
New York, NY
TD Bank
(718) 616-2200
2700 Coney Island Avenue
Brooklyn, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
HSBC Bank
1.800.975.HSBC (4722)
Route 106 275 South Street
Oyster Bay, NY
Chase Bank
(516) 365-4701
2111 Northern Blvd
Manhasset, NY
Chase Bank
(516) 489-2218
565 Hempstead Tpke
West Hempstead, NY
Capital One
718-641-6510
155-14 Cross Bay Blvd.
Howard Beach, NY
Bank of America - East Meadow
516.731.2434
2443 Hempstead Turnpike
East Meadow, NY
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Pitfalls to Avoid When Shopping for Credit Cards

Individually, these may add up to only a few dollars each month, but collectively, they can add up to a substantial expense, especially over time or if you have numerous credit cards.

Most credit card issuers offer a 25 day grace period in which to pay for new purchases without incurring finance charges if you pay your balance in full each month. Some issuers have shortened the grace period or eliminated it altogether even if you always pay your account in full. You may be paying interest on most or all of your purchases.

Pay Monthly Credit Card Balance in Full

When you carry a balance from month to month, there is no grace period on new purchases with most cards. The grace period where no finance charges accrue only applies if you pay your balance in full each month.

Some card issuers charge two months of interest for the first month you fail to pay your balance in full. This occurs when you switch from paying in full to carrying a balance from month to month.

Most card issuers charge interest from the day a charge is posted to your account if you don't pay your account in full each month. Some, however, charge interest from the date of the purchase, often several days before they have paid the merchant on your behalf!

You may be paying $50 a year or more as an annual fee on your credit card. You may also be subject to finance charges of over 18 percent. Most credit card issuers will lower fees and/or interest rates for good customers in order to retain their business. It doesn't cost anything to ask!.


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