Paying With Plastic East Elmhurst 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

Capital One
718-956-1310
30-98 Steinway Street
Astoria, NY
TD Bank
(718) 319-1037
3755 E Tremont Avenue
Bronx, NY
Bank of America - Summit & Essex
201.489.8271
360 Essex St
Hackensack, NJ
TD Bank
212-397-2259
224 W 58th Street
New York City, NY
Bank of America - Norwood
800.432.1000
400 Livingston Street
Norwood, NJ
HSBC Bank
1.800.975.HSBC (4722)
3130 Hempstead Tpke
Levittown, NY
Capital One
718-649-7701
1425 Rockaway Pkwy
Brooklyn, NY
TD Bank
(718) 464-2183
188-10 Hillside Avenue
Hollis, NY
Wells Fargo - Jersey City Newport
201-795-7239
145 Thomas Gangemi Dr
Jersey City, NJ
Citizens Bank - Forest Hills SS
718-441-3225
8989 Union Turnpike
Glendale, 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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