Credit Card Interest Rate Formula

Trump calls for credit card interest rate cap

Digest more

· 1d

Trump calls for a 10% cap on credit card interest rates

President Donald Trump has floated the idea of putting a one-year cap on credit card interest rates at 10%.

· 22h

Trump's big swing at credit card interest rates targets a growing American problem

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

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US House Speaker Johnson says credit card rate cap should be looked into by Congress

U.S. House Speaker Mike Johnson on Tuesday said Congress should explore President Donald Trump's idea of imposing a cap on credit card interest rates but warned of the possibility of "negative seconda...

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Capital One, American Express, other credit card stocks drop on US market after Trump's 10% cap on interest rate move

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Trump warned credit card crackdown will trigger financial crisis for millions

Washington Examiner

Sanders and Hawley introduce bill to cap credit card interest at 10%

Sens. Bernie Sanders (I-VT) and Josh Hawley (R-MO) introduced a bill on Tuesday aiming to cap credit card interest rates at 10%. President Donald Trump backed lowering credit card interest rates during his 2024 campaign, and the bill appears to attempt to ...

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 impact of a Fed rate cut and make more money from interest charges.