Paying With Plastic Rensselaer 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

Citizens Bank - N. Greenbush / Hannaford
518-283-2611
40 Main Avenue
Wynantskill, NY
Citizens Bank - Schenectady
518-370-7070
501 State Street
Schenectady, NY
Citizens Bank - Pine Hills
518-489-8953
501 Western Avenue
Albany, NY
Bank of America - Averill Park
800.432.1000
3049 Route 43
Averill Park, NY
William Mack, ChFC, CLU, LTCP
1574 Union Street
Schenectady, NY
Bank of America - Niskayuna
518.382.5877
1757 Union St
Schenectady, NY
Citizens Bank - Altamont Ave./Price Chopper
518-357-2180
1879 Altamont Ave. Suite 2
Shenectady, NY
Citizens Bank - Loudonville
518-489-1867
265 Osborne Road
Loudonville, NY
TD Bank
518-785-8628
1 Old Loudon Road
Latham, NY
Bruce Gaynor
6 Tower Place
Albany, 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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