Paying With Plastic South Ozone Park 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
(212) 577-7020
253 Broadway
New York, NY
TD Bank
(516) 484-0167
111 Mineola Avenue
Roslyn Heights, NY
Bank of America - Riverdale
718.548.2824
3508 Johnson Ave
Bronx, NY
Bank of America - Rosedale
800.432.1000
24142 S. Conduit Ave
Rosedale, NY
Bank of America - Leonia
800.432.1000
301 Fort Lee Rd
Leonia, NJ
HSBC Bank
1.800.975.HSBC (4722)
4395 White Plains Road
Bronx, NY
Capital One
718-672-7500
89-01 Queens Blvd
Elmhurst, NY
TD Bank
(718) 429-0511
7801 Queens Boulevard
Elmhurst, NY
Wells Fargo - Riverdale
718-884-3700
3709 Riverdale Ave
Bronx, NY
Bank of America - Harlem East
800.432.1000
157 E. 125th St.
New York, 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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