Paying With Plastic Copiague 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) 767-4382
5621 Marathon Pkwy
Little Neck, NY
Capital One
631-254-2500
1383 Deer Park Ave
North Babylon, NY
Bank of America - Holbrook
631.585.0501
300 Union St
Holbrook, NY
Bank of America - Baldwin
800.432.1000
2300 Grand Ave
Baldwin, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Chase Bank
(516) 797-2650
4970 Merrick Rd
Massapequa Park, NY
Chase Bank
(516) 333-6911
35 Jericho Tpke
Jericho, NY
Citizens Bank - Hicksville SS
516-433-2139
530 W. Old Country Rd.
Hicksville, NY
Bank of America - East Northport
800.432.1000
385 Larkfield Rd
East Northport, NY
Bank of America - West Hempstead
800.432.1000
60 W. Hempstead Ave
West Hempstead, 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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