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Choosing a credit card
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A credit card allows you to borrow a pre-approved amount of money. It may help you pay for goods and services. When using a credit card, you must pay your minimum payment by the due date. If you don’t pay your balance in full, your credit card issuer usually charges an interest fee. Credit card issuers offer a variety of cards.

Learn more about the key differences on the Financial Consumer Agency of Canada website. 


Author: FCAC - Financial Consumer Agency of Canada
Topic: Financial literacy
Location: Canada
Format: Fact sheet, Guides
Content Type: Tools
Publication Date: June 2, 2023