Paying With Plastic Woodhaven 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) 333-6911
35 Jericho Tpke
Jericho, NY
Chase Bank
(212) 569-0637
570 W 207th St
New York, NY
Capital One
718-209-7001
2102 Ralph Ave
Brooklyn, NY
Wells Fargo - Broadway & 56Th
212-424-2660
1755 Broadway
New York, NY
Bank of America - Newark Avenue
800.432.1000
774 Newark Ave
Elizabeth, NJ
Chase Bank
(516) 487-9161
22 Grace Ave
Great Neck, NY
Chase Bank
(718) 620-1806
1051 Westchester Ave
Bronx, NY
Capital One
201-420-2890
201 Newark Ave
Jersey City, NJ
Bank of America - Broadway & 97th Street
212.222.2460
2574 Broadway
New York, NY
Bank of America - Jamaica and Sutphin
347.592.2940
90-53 Sutphin Boulevard
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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