Paying With Plastic South Richmond Hill 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
(718) 335-8636
6955 Grand Ave
Maspeth, NY
Capital One
212-818-1028
420 Lexington Avenue
New York, NY
TD Bank
(718) 239-2354
640 Pelham Parkway S
Bronx, NY
Bank of America - 1580 Flatbush
718.338.3948
1580 Flatbush Avenue
Brooklyn, NY
Bank of America - College Point
800.432.1000
1415 College Point Blvd
College Point, NY
Chase Bank
(516) 797-2650
4970 Merrick Rd
Massapequa Park, NY
Chase Bank
(516) 883-3000
805 Port Washington Blvd
Port Washington, NY
Capital One
718-768-8798
516 5Th Ave
Brooklyn, NY
Wells Fargo - Broadway & 56Th
212-424-2660
1755 Broadway
New York, NY
Bank of America - Manhasset
800.432.1000
240 Plandome Rd
Manhasset, 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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