Paying With Plastic Long Beach 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) 569-0441
1735 Peninsula Blvd
Hewlett, NY
Capital One
516-741-9747
330 Old Country Road
Mineola, NY
TD Bank
(516) 326-3560
372 Jericho Turnpike
Floral Park, NY
TD Bank
(516) 541-6886
5555 Merrick Road
Massapequa, NY
Bank of America - Hewlett
800.432.1000
1286 W. Broadway
Hewlett, NY
HSBC Bank
1.800.975.HSBC (4722)
682 Dogwood Ave.
Franklin Square, NY
Chase Bank
(516) 822-0135
285 S Broadway
Hicksville, NY
TD Bank
(718) 672-0512
70-05 Northern Boulevard
Jackson Heights, NY
TD Bank
(516) 338-0489
6060 Brush Hollow Road
Westbury, NY
Bank of America - Downtown Glen Cove
800.432.1000
17 Glen St
Glen Cove, 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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