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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Consumer Protection Topics - Credit Cards

Credit Card Basics

En Español

Many consumers use credit cards to purchase goods and services. When you use a credit card, you are borrowing money that you must pay back, in addition to interest if you do not pay the balance in full by the due date. Credit cards can help you to manage your cash flow and handle unexpected expenses. However, they can also cause you to pay more for what you purchase if you carry a balance.

Consumer Protections Available

Credit cards offer several important protections. These include:

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