Paying With Plastic Oceanside 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) 484-5005
57 Northern Blvd
Greenvale, NY
Capital One
516-431-5390
11 East Park Ave
Long Beach, NY
Bank of America - Baldwin Harbor
800.432.1000
792 Atlantic Ave
Baldwin Harbor, NY
Bank of America - Manhasset
800.432.1000
240 Plandome Rd
Manhasset, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
HSBC Bank
1.800.975.HSBC (4722)
Corner Of West Neck Rd. 355 West Main Street
Huntington, NY
Chase Bank
(718) 993-6477
270 E 137th St
Bronx, NY
Bank of America - Canal Street & Broadway
646.833.1982
277 Canal Street
New York, NY
Bank of America - Saint Albans
800.432.1000
20502 Linden Blvd
Saint Albans, NY
Bank of America - Ridgewood
800.432.1000
5901 Myrtle Ave
Ridgewood, 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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