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

Lowering credit card rates to 10% would most help minimum payers, who face financial and psychological barriers that make managing debt and saving harder.

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.

Proposed 10% cap on credit‑card rates could save borrowers money but limit access to credit

The president is proposing a one‑year cap limiting credit‑card interest rates to 10%, a major drop from the current average of about 20%. Analysts say the move could save many borrowers hundreds of dollars a year in interest,

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.

What's a good credit card interest rate for 2026?

Not all credit card APRs are created equal. Here's how to spot a good card rate now that the new year is upon us.

Anthony Scaramucci thinks Trump’s ‘hard-left’ move to cap credit-card fees is because he’s ‘texting back and forth with Mayor Mamdani’

The "mooch" says it really shows a pivot to "full nihilism." His podcast guest, longtime GOP strategist Stuart Stevens, called it "darkly hysterical."
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