Paying With Plastic Brooklyn 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

TD Bank
(212) 354-6061
1120 Avenue of the Americas
New York City, NY
Bank of America - Hudson Mall
800.432.1000
701 Hwy 440
Jersey City, NJ
Bank of America - East Hills
800.432.1000
1 Old Westbury Rd
Roslyn Heights, NY
Bank of America - Elmont
800.432.1000
1431 Hempstead Turnpike
Elmont, NY
Bank of America - 79th & Lexington Avenue
800.432.1000
1143 Lexington Ave
New York, NY
Chase Bank
(718) 476-6600
59-26 Woodside Ave
Woodside, NY
TD Bank
(908) 964-3778
2265 Morris Avenue
Union, NJ
Bank of America - Hazlet - Holmdel
800.432.1000
3010 St Hwy 35
Hazlet, NJ
Bank of America - Astoria
800.432.1000
1950 37th St
Astoria, NY
Bank of America - Pathmark - Elmora
800.432.1000
211 Elmora Ave
Elizabeth, NJ

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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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