Paying With Plastic College Point 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
(718) 731-1348
601 E Tremont Ave
Bronx, NY
Capital One
718-347-7800
252-25 Union Turnpike
Bellrose, NY
Wells Fargo - South Hackensack
201-343-3377
250 Huyler St
South Hackensack, NJ
Bank of America - Brooklyn Heights
800.432.1000
205 Montague St
Brooklyn, NY
TD Bank
973-744-8347
604 Valley Road
Upper Montclair, NJ
HSBC Bank
1.800.975.HSBC (4722)
Broadway @ 70Th St 2025 Broadway
New York, NY
Capital One
718-631-9100
211-47 26Th Avenue
Bayside, NY
Capital One
201-262-3470
464 Route 17 North
Paramus, NJ
Wells Fargo - Sixth Avenue & 45Th Street
212-596-1400
1156 Ave Of The Americas
New York, NY
Bank of America
800.432.1000
1275 Linden Blvd
Brooklyn, 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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