Current Credit Card Rates

Trump, interest rate

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

On Friday, Jan. 9, President Trump shared a message on Truth Social calling for a credit card interest rate cap starting Jan. 20, 2026 — just 11 days after posting.

Opinion

· 8d

Why A 10% Credit Card Rate Cap Would Matter Most For Minimum Payers

Opinion

CardRates.com · 2d

Opinion: Trump’s 10% Credit Card Rate Cap Could Backfire

· 4h

Bank of America, Citigroup Weigh New Credit Cards With 10% Rate

I think there's been an expectation that banks and credit card issuers probably would respond to this through products, new products that offer, you know, 10% rates or some sort of relief to card hold...

· 1d

Trump says he has received calls from credit-card companies

· 8h

Bank of America CEO Moynihan Says Credit Card Cap May Not Work as Expected

· 7h

What does Pres. Trump's credit card cap mean for borrowers?

Some of America’s top bankers are warning that the president’s cap on credit card interest rates would prove disastrous for lower-income consumers and the US economy — not to mention their profits.

Axios · 5h

Bank of America weighs credit card with 10% rate as Trump calls for cap

· 1d

Capping credit card interest rates: What are the pros and cons?

16d

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.

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 compounds month after month.