After President Donald Trump asked Congress to pass legislation to cap credit card interest rates at 10% for a year, two large U.S. banks are considering new products that may address the administration's concerns about affordability,

The best low-interest credit cards in Canada can save you money and expedite balance payoff. Here are Forbes Advisor’s picks.

Following President Donald Trump's proposal to cap credit card interest rates at 10%, Bilt's cards are offering a 10% APR for the first year. However, other credit card companies offer an introductory interest rate as low as 0%.

A low-interest-rate credit card offers an annual percentage rate (APR) that’s substantially less than the rate on a standard credit card. For many Canadians, a lower interest rate can result in cheaper monthly payments and more savings over time.

Credit builder cards are designed to help kick off – or grow – a credit score. This is the measure lenders use when deciding whether or not to grant a loan or credit card, and at what interest rate. Generally the lower a borrower’s credit score, the better the card and loan deals they’’ll be offered.