Paying With Plastic Lindenhurst 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
(516) 794-4350
1960 Hempstead Tpke
East Meadow, NY
Chase Bank
(516) 735-7300
4276 Hempstead Tpke
Bethpage, NY
Capital One
718-831-5590
257-03 Hillside Ave
Floral Park, NY
Citizens Bank - W. Babylon SS
631-321-6019
575 W Montauk Highway
West Babylon, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
HSBC Bank
1.800.975.HSBC (4722)
Orville Drive 4040 Veterans Memorial Hw
Bohemia, NY
Chase Bank
(516) 676-6605
195c Forest Ave
Glen Cove, NY
Chase Bank
(516) 889-0220
212 Long Beach Rd
Island Park, NY
TD Bank
(516) 489-1540
200 Hofstra University (Student Center)
Hempstead, NY
Citizens Bank - East Northport SS
631-499-7300
3126 Jericho Turnpike Rt 25
East Northport, 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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