Paying With Plastic Uniondale 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
(631) 261-7340
80 Broadway
Greenlawn, NY
Capital One
212-818-1028
420 Lexington Avenue
New York, NY
Bank of America - Harlem West
212.662.2368
215 W. 125th St.
New York, NY
Bank of America - Myrtle & Waverly
718.852.1548
449 Myrtle Avenue
Brooklyn, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Chase Bank
(516) 616-1987
925 Hempstead Tpke
Franklin Square, NY
Chase Bank
(718) 476-6600
59-26 Woodside Ave
Woodside, NY
TD Bank
(718) 894-6218
7955 Metropolitan Avenue
Middle Village, NY
TD Bank
516-767-0496
475 Port Washington Boulevard
Port Washington, NY
Bank of America - Jamaica Estates
800.432.1000
17557 Hillside Ave
Jamaica, 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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