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.

Tuesday was a deadline for President Donald Trump's 10% cap on credit card interest rates. Now he's calling on Congress to ...

Bank of America and Citigroup are separately considering offering a credit card with a 10% interest rate, according to a ...

Two weeks ago, President Donald Trump shocked the banking industry by announcing his support for capping credit card interest ...

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 ...

Financial institutions are compensated for taking certain risks around the creditworthiness of borrowers. If you remove those ...

President Donald Trump has floated the possibility of a one-year rate cap ...

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 has suggested temporarily capping credit card interest rates at 10%, a proposal that could significantly lower borrowing costs for millions of Americans but would require ...

These five credit cards won awards for simplicity, rewards, and long-term value in their category. Learn which 2026 picks ...