Paying With Plastic Maspeth 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
(212) 876-3907
160 E 125th St
New York, NY
Capital One
201-807-1755
500 South River Road
Hackensack, NJ
TD Bank
(908) 241-1475
37 Saint George Avenue
Roselle, NJ
Bank of America - University
800.432.1000
730 Fulton Ave
Hempstead, NY
Bank of America - Sheepshead Bay
800.432.1000
1415 Ave Z
Brooklyn, NY
Chase Bank
(718) 956-3466
3212 Broadway
Astoria, NY
Capital One
201-420-2840
357 Central Ave
Jersey City, NJ
Capital One
718-849-0901
115-20 Jamaica Ave
Richmond Hill, NY
Bank of America - Bergen Square
201.653.0500
880 Bergen Avenue
Jersey City, NJ
Bank of America - Pelham Manor
800.432.1000
4767 Boston Post Rd
Pelham Manor, 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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