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

Chase Bank
(201) 595-5065
575 Washington Blvd
Jersey City, NJ
Capital One
212-787-2914
2379 Broadway
New York, NY
Capital One
516-621-0300
1145 Willis Ave
Albertson, NY
Bank of America - Elizabeth
800.432.1000
100 First St
Elizabethport, NJ
TD Bank
973-284-1777
277 Franklin Avenue
Nutley, NJ
Chase Bank
(718) 261-4472
71-04 Woodhaven Blvd
Glendale, NY
Capital One
212-712-1560
215 West 91St Street
New York, NY
Capital One
516-741-9747
330 Old Country Road
Mineola, NY
TD Bank
201-313-5217
733 Palisade Avenue
Cliffside Park, NJ
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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