Paying With Plastic Garden City 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

HSBC Bank
1.800.975.HSBC (4722)
Unqua Road 5500 Sunrise Hwy
Massapequa, NY
Chase Bank
(718) 993-6477
270 E 137th St
Bronx, NY
Capital One
516-741-9747
330 Old Country Road
Mineola, NY
Capital One
646-216-5180
21 University Place
New York, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
HSBC Bank
1.800.975.HSBC (4722)
Americana Mall 2030 Northern Blvd.
Manhasset, NY
Chase Bank
(212) 552-3819
1 Chase Manhattan Plz
New York, NY
Chase Bank
(914) 376-0146
92 Main St
Yonkers, NY
Capital One
718-891-6301
3090 Ocean Ave
Brooklyn, NY
Bank of America - Flushing
800.432.1000
14161 Northern Blvd
Flushing, NY
Data Provided by:
  

Provided by:

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!.


Click here to read the rest of the article at YoungMoney.com.

Related Articles
- Credit Repair Self Help Garden City NY
As a result of poor money management or perhaps things that are simply out of our control, many of us find ourselves in trouble with our credit.
- How to Get Out of Debt Garden City NY
- Paying off Your Debt Garden City NY
- Refinancing Home Mortgage Garden City NY
- Paying for College During a Recession Garden City NY
- Pay Day Loan Garden City NY