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.
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.
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%
Senators Bernie Sanders and Josh Hawley introduced new legislation that would cap interest rates on credit cards at 10% to fulfill one of President Trump's campaign promises.
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.
New bill could cap credit card interest rates at 10%
An unlikely pairing of Senators have come together to go after something nobody likes, credit card interest rates, as they’ve ballooned to almost 30%.
CNBC8d
How to lower your credit card interest rate
CNBC Select breaks down how you can negotiate a lower interest rate on your credit card and other options available. How to negotiate a lower interest rate Gather your information If ...
The senators want to cap interest at 10%, fulfilling a campaign promise made by President Donald Trump
Political odd couple Josh Hawley and Bernie Sanders on Wednesday announced they are jointly sponsoring a bill that would force credit card issuers to cut interest rates to 10%, which would ostensibly ...
Forbes3d
What Is The Average Credit Card Interest Rate?
We calculate average rates for other card types using smaller, category-specific subsets. Higher credit scores have the potential to help you qualify for lower interest rates on credit cards ...
5 reasons to pay more than the minimum on your credit card
Credit card issuers are required to include a “minimum payment warning” in compliance with amendments to the Truth in Lending ...
CNBC5d
Best low interest credit cards of February 2025
There's no annual fee. The Wells Fargo Reflect® Card has higher interest rates than other cards on this list, but they are still lower than many credit cards that offer a 0% introductory APR ...
The economy's strong. Why are more Americans barely making credit card payments?
Despite a strong economy, the share of Americans making only the minimum credit card payment hit a 12-year high and ...
When to use a personal loan to pay off credit card debt
One big problem with credit cards is if you keep using them for purchases, you may never pay off your debt. Personal loans, ...
Yahoo Finance8d
Current credit card interest rates [2025]: How do your cards stack up?
Here’s a look at historic and current credit card rates, and how to lower what you pay in interest. There are several different types of credit cards from which you can choose, some of which ...
CNET6d
The Fed Voted to Hold Rates Steady. Your Credit Card's APR Likely Won't Change Either
Average APRs have inched down slightly, but you should focus on lowering your credit card balance as soon as you can.