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
(516) 735-7300
4276 Hempstead Tpke
Bethpage, NY
Capital One
718-527-1700
189-02 Linden Blvd
St Albans, NY
TD Bank
(718) 428-8649
196-41 Northern Boulevard
Flushing, NY
Bank of America - Farmingdale-Rte-110
631.249.0710
927 Route 110
Farmingdale, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Chase Bank
(516) 825-0132
111 Main St
East Rockaway, NY
Capital One
718-798-9300
3159 Bainbridge Ave
Bronx, NY
TD Bank
(718) 267-5100
31-04 Ditmars
Astoria, NY
Bank of America - 345 Park Avenue
212.355.4436
345 Park Ave
New York, NY
Bank of America - 86th & Lexington Ave BC
646.264.0197
1275 Lexington Avenue
New York, NY
Data Provided by:
  

Provided by:

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!.


Click here to read the rest of the article at YoungMoney.com.

Related Articles
- Paying off Your Debt Uniondale NY
For debt, the first thing to do is to stop and take stock of your situation. Then work out a realistic plan for debt repayment as well as for meeting life's basic necessities. By this, I mean to work out a workable budget for both debt repayments as well as for recurring expenditure like gas, groceries, utilities and telephone bills.
- Refinancing Home Mortgage Uniondale NY
- Paying for College During a Recession Uniondale NY
- Credit Repair Self Help Uniondale NY
- Pay Day Loan Uniondale NY
- How to Get Out of Debt Uniondale NY