The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

You don't need an act of Congress to lower your APR today. Learn the specific terms that trigger lower rates immediately.

Key Takeaways President Donald Trump proposed a 10% cap on credit card interest rates that would start on Tuesday.On Wednesday, Trump urged Congress to pass a one-year 10% cap, a sharp reduction from ...

Industry experts agree that a 10% interest rate cap could lead to the cancellation or severe restriction of credit card accounts for up to 90% of cardholders – specifically those with credit scores ...

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. His proposal would cap rates at 10% ...

Earlier this week, President Donald Trump took to social media in support of a cap on credit card interest rates, saying Americans are being "ripped off" and proposing a one-year limit of 10%, ...

NEW YORK (AP) — Fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on all card users’ interest rates at 10% for one year. The ...

President Trump revived a campaign promise to cap interest rates, but it is unclear how he would make that a reality. By Stacy Cowley and Niko Gallogly Banks and lenders have been in a tizzy ever ...

This is read by an automated voice. Please report any issues or inconsistencies here. Trump’s demand to cap credit card rates at 10% is a crowd-pleaser, but might cause more problems than it solves. A ...