Paying With Plastic North Babylon 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) 378-0439
676 Sunrise Hwy
Baldwin, NY
Capital One
631-427-4900
250 New York Ave
Huntington, NY
Citizens Bank - Lake Ronkonkoma SS
631-467-6500
425 Portion Rd.
Lake Ronkonkoma, NY
Donald Conrad
1377 Motor Parkway
Islandia, NY
Matthew Berman
1393 Veterans Memorial Highway
Hauppauge, NY
Chase Bank
(516) 249-3111
901 S Main St
Farmingdale, NY
Capital One
631-471-5470
2100 Middle Country Rd
Centereach, NY
Bank of America - Medford
631.698.3849
2851 Horse Block Rd
Medford, NY
Bank of America - East Islip
800.432.1000
345 East Main St
East Islip, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, 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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