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

Capital One
212-681-9000
109 E 42Nd St
New York, NY
Wells Fargo - Broadway & 10Th
212-677-5693
784 Broadway
New York, NY
Bank of America - Deer Park
631.242.3630
1979 Deer Park Ave
Deer Park, NY
Bank of America - Downtown Glen Cove
800.432.1000
17 Glen St
Glen Cove, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Chase Bank
(914) 793-3250
360 White Plains Rd
Eastchester, NY
TD Bank
(212) 651-2700
317 Madison Avenue
New York City, NY
Wells Fargo - Madison & 45Th Street
212-885-6200
360 Madison Ave
New York, NY
Bank of America - 19th and Park Avenue South
646.794.1060
240 Park Avenue South
New York, NY
Bank of America - Fleetwood - Gramatan Avenue
914.667.0531
572 Gramatan Avenue
Mount Vernon, 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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