Current Credit Card Rates

Trump's 10% credit card rate cap plan

US bank stocks fall as investors await credit card rate cap deadline

U.S. bank stocks fell in morning trading on Tuesday in a broader market decline as investors waited to see if the Trump administration's January 20 deadline to implement a 10% cap on credit card interest rates would take effect.

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Trump calls for credit card interest rate cap: Options for consumers if credit tightens

Opinion

The Daily Overview on MSN · 18h

Trump's 10% credit card rate cap plan: Will it slash your interest bill?

4don MSN

Trump’s affordability pledge strikes directly at the heart of Wall Street’s profit engine

President Donald Trump’s proposal for a one-year, 10% cap on credit card interest rates has struck a chord in debates about affordability — and set up a potential clash with Wall Street.

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Credit card interest rate forecast for 2026: Rate cuts will bring little relief to cardholders

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer from Prime Rate + 13% up to Prime Rate + 13.25% if it wishes to mitigate the ...

Lawmakers push 10% credit card rate cap as consumer debt hits record high | Dollars & Sense

Paley said high rates make it difficult for people to make progress on paying down balances, especially when interest ...

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