{"id":352537,"date":"2016-04-04T10:42:05","date_gmt":"2016-04-04T15:42:05","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/consumer\/credit-banking-finance\/credit-cards.html"},"modified":"2024-02-26T15:54:58","modified_gmt":"2024-02-26T20:54:58","slug":"credit-cards","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/consumer\/credit-banking-finance\/credit-cards.html","title":{"rendered":"Credit Cards"},"content":{"rendered":"\n
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Credit Cards<\/h1>\n
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\n By Olivia Wathne, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Most people have at least one credit card and use it on a daily basis. Lenders and credit card companies are constantly creating new sales pitches and products to entice cardholders to sign up for the latest card they’re offering. Before signing up for a new card, it’s important for consumers to understand the laws and regulations governing the use of credit cards.<\/p>\r\n

This article provides information and resources related to consumer credit cards, including a guide to choosing the best card for you<\/a>. In this section, you can also find an overview of the various laws that affect credit cards, such as the Truth in Lending Act<\/a>, the Credit Card Accountability Responsibility and Disclosure Act of 2009<\/a> (CARD), and other consumer credit protection regulations. <\/p>\r\n

It’s crucial for individuals to be aware of their rights and responsibilities when using credit. This includes being familiar with reporting agencies that play a role in assessing creditworthiness.<\/p>\r\n

Choosing the Right Credit Card<\/h2>\r\n

Many credit card issuers offer promises for rewards if you sign up with a new credit card, ranging from free travel to cash advances. It’s important to read and understand the terms of a credit card before signing up.<\/p>\r\n

Two important things to pay attention to when reviewing the terms of a credit card are the annual percentage rate<\/a> (APR), which is the interest rate, and any fees associated with the credit card. The APR is the cost of borrowing money on a yearly basis. The lower the APR, the less money it will cost to borrow money. When examining the APR, you should ask the following questions:<\/p>\r\n