Paying With Plastic Cohoes 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

Citizens Bank - Altamont Ave./Price Chopper
518-357-2180
1879 Altamont Ave. Suite 2
Shenectady, NY
TD Bank
518-455-9912
125 State Street
Albany, NY
TD Bank
518-477-9311
71 Troy Road
East Greenbush, NY
Bank of America - New Scotland Ave
800.432.1000
25 New Scotland Ave
Albany, NY
William Mack, ChFC, CLU, LTCP
1574 Union Street
Schenectady, NY
Citizens Bank - Fifth Ave / Troy
518-272-3611
1818 5th Ave / PO Box 628
Troy, NY
Citizens Bank - Clifton Park
518-371-0290
1 Municipal Plaza
Clifton Park, NY
Citizens Bank - Guilderland
518-456-2162
2080 Western Avenue
Guilderland, NY
Bank of America - Averill Park
800.432.1000
3049 Route 43
Averill Park, NY
Bruce Gaynor
6 Tower Place
Albany, 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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