If you were waiting for your credit card interest rate to plummet to 10% on Jan. 20, don't hold your breath.

The president's planned cap on credit card interest rates might have some downsides.

President Trump is calling for a 10% cap on credit card interest rates for one year, an idea that has drawn strong support from lawmakers in both parties but pushback from card issuers. "Please be ...

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew ...

Credit card interest rates are near record highs and President Trump has called for a 10% cap on those rates starting Tuesday.

Trump signs an Executive Order in the Oval Office of the White House in Washington, D.C. on Jan. 30, 2025. Credit - Bonnie Cash—Getty Images President Donald Trump’s proposal for a one-year cap on ...

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% ...

President Donald Trump called for a temporary 10% cap on credit card interest rates but did not provide details on how his plan would come to fruition or how he planned to make credit card issuers ...

President Donald Trump has floated the idea of putting a one-year cap on credit card interest rates at 10%. "They've really abused the public," Trump told reporters aboard Air Force One Monday, ...