It is one of the ten stations on the line to have its concourse area below the platform, the other nine being Dr. Santos, Ninoy Aquino Avenue, PITX, MIA Road, Redemptorist-Aseana, Baclaran, Central Terminal, Balintawak, and Fernando Poe Jr. Carriedo station was opened on April 14, 1985, when LRT's passenger service was extended from its previous route between Arroceros (now Central Terminal) and Baclaran.

Like Balintawak, Central Terminal, Fernando Poe Jr., Doroteo Jose, and PITX stations, commuters do not have to go down to street level to cross from one platform to another.

Unlike at Doroteo Jose, commuters do not pay another fare as well, as they transfer between platforms through the concourse.

The station is directly connected to Good Earth Plaza and Isetann Carriedo shopping centers via walkway.

It is located near various retailers including SM Quiapo and Plaza Fair, as well as institutions such as FEATI University and Universidad de Manila Henry Sy Sr. Campus.