Paying With Plastic Massapequa 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
(631) 231-5201
1800 Brentwood Rd
Brentwood, NY
Chase Bank
(516) 823-3582
235 Rockaway Ave
Valley Stream, NY
Capital One
516-328-1087
550 Franklin Ave
Franklin Square, NY
Bank of America - Baldwin
800.432.1000
2300 Grand Ave
Baldwin, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
HSBC Bank
1.800.975.HSBC (4722)
36 Soundview Marketplace Soundview Mktplc/Shore Rd
Port Washington, NY
Chase Bank
(631) 968-6401
169 Orinoco Dr
Brightwaters, NY
Chase Bank
(631) 666-5523
840 Sunrise Hwy
Bay Shore, NY
Bank of America - Bayside - 42-39 Bell
347.841.9841
42-39 Bell-Boulevard
Bayside, NY
Bank of America - Baldwin Harbor
800.432.1000
792 Atlantic Ave
Baldwin Harbor, 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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