Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, but that could reduce access to credit and credit card rewards programs.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%.
Senators Sanders and Hawley Propose Legislation Capping Credit Card Interest Rates
Senators Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) introduced bipartisan legislation aimed at immediately capping credit
Bipartisan bill would cap credit card interest at 10%
A new bipartisan bill is aimed at giving consumers a break when it comes to credit card interest rates, capping them at 10%.
Senators move to cap interest rates on credit cards at 10%
A pair of senators are pushing a bill that would cap interest rates on credit cards in a move that would deliver on a campaign promise from President Trump.
NerdWallet8d
10 Best Low Interest Credit Cards of February 2025
If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run. NerdWallet's credit cards content, including ratings and ...
Forbes3d
What Is The Average Credit Card Interest Rate?
You might be able to open a new credit card to take advantage of a low-rate or 0% APR balance transfer offer. Low introductory interest rates on balance transfer credit cards don’t ...
CNBC8d
Which credit cards have the best interest rates?
Interest rates are a key feature of many credit cards and play a big part in the potential fees you may be charged for carrying a balance. If you already carry a balance on your credit ...
Yahoo Finance8d
Current credit card interest rates [2025]: How do your cards stack up?
The average credit card interest rate is 22.80%, according to November 2024 Federal Reserve data — a significant jump from the average 16.98% rate in 2019. However, the current credit ...
Sick of high credit card interest rates? Time to learn how the Federal Reserve impacts your credit card APR
Fed policy decisions directly impact your wallet, including the interest rates on your credit cards. We’ll tell you how.
What the Fed’s Rate Policy Means for Your Finances
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
CNBC5d
Best low interest credit cards of February 2025
Unless you're taking advantage of an intro 0% APR offer, if you carry a balance on your credit card, you're likely being hit with high interest charges. The average APR for all credit card ...
Forbes3d
Best Low-Interest Credit Cards In Canada For February 2025
With this in mind, we’ve rounded up the best options for low-interest credit cards in Canada. 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers completed ...