Paying With Plastic Long Island 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
718-238-4901
7110 5Th Ave
Brooklyn, NY
TD Bank
201-641-2107
225 Main Street
Little Ferry, NJ
Bank of America - 4 West 57th Street
212.371.0237
4 West 57th Street
New York, NY
Bank of America - Hewlett
800.432.1000
1286 W. Broadway
Hewlett, NY
Bank of America - Cooke Ave
800.432.1000
25 Cooke Avenue
Carteret, NJ
Chase Bank
(914) 793-3250
360 White Plains Rd
Eastchester, NY
Capital One
973-751-1001
402 Main Street
Belleville, NJ
Wells Fargo - Cliffside Park
201-840-7919
650 Anderson Ave
Cliffside Park, NJ
Bank of America - East Hills
800.432.1000
1 Old Westbury Rd
Roslyn Heights, NY
Bank of America - Astoria
800.432.1000
3181 Steinway St
Astoria, 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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