Paying With Plastic Elmont 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
718-392-9470
40-20 Queens Blvd
Sunnyside, NY
Citizens Bank - W Hempstead SS
516-538-1655
50 Cherry Valley Ave.
West Hempstead, NY
Bank of America - Allerton Avenue
718.732.3970
700 Allerton Avenue
Bronx, NY
Bank of America - East Farmingdale
800.432.1000
96a Allen Boulevard
East Farmingdale, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Capital One
516-752-0300
195 Merritts Rd
South Farmingdale, NY
Wells Fargo - Larchmont Boston Post
914-834-2090
2065 Boston Post Rd
Larchmont, NY
Bank of America - Co-Op City
718.320.1359
2136 Bartow Ave.
Bronx, NY
Bank of America - West Babylon
800.432.1000
560 Montauk Highway
West Babylon, NY
Bank of America - Sheepshead Bay
800.432.1000
1415 Ave Z
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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