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
(516) 676-6605
195c Forest Ave
Glen Cove, NY
Chase Bank
(718) 476-6600
59-26 Woodside Ave
Woodside, NY
Capital One
201-587-2035
184 Essex St & Rt 17
Lodi, NJ
TD Bank
(516) 569-4828
516 E Central Avenue
Central Islip, NY
Bank of America - Quincy Street
800.432.1000
880 Quincy St
Brooklyn, NY
Chase Bank
(718) 279-8410
2398 Bell Blvd
Bayside, NY
Chase Bank
(212) 928-7334
1421 St Nicholas Ave
New York, NY
Chase Bank
(718) 585-1082
76 E 161st St
Bronx, NY
Capital One
908-624-1754
1735 Morris Ave
Union, NJ
Bank of America - Glendale
800.432.1000
7011 Myrtle Ave
Glendale, NY

Provided by:

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!.


Click here to read the rest of the article at YoungMoney.com.

Related Articles
- Paying for College During a Recession Maspeth NY
The latest trend: forget the “five-year plan” of yesteryear, today’s college-bound students are on a three-year plan.
- Refinancing Home Mortgage Maspeth NY
- Paying off Your Debt Maspeth NY
- How to Get Out of Debt Maspeth NY
- Pay Day Loan Maspeth NY
- Credit Repair Self Help Maspeth NY