How Do Interest Rates On Credit Cards Work

Trump announces 10 percent credit card cap

Trump’s 10% credit card rate cap explained: Are Visa, Mastercard, American Express at risk?

President Donald Trump has said he plans to cap credit card interest rates at 10% for one year, and the rule would likely go into effect later this month. ・Trump’s plan would rein in interest income for the financial services sector.

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Trump pushes a 1-year, 10% cap on credit card interest rates

Opinion

24/7 Wall St. on MSN · 1d

Does Trump’s 10% Credit Card Rate Cap Make Visa and Mastercard a Buy?

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Trump announces one-year 10% cap on credit card interest rates

Donald Trump announced a one-year cap that would limit credit card interest rates to 10% this week, in a move that has prompted mixed reaction from lawmakers and beyond.

IJR · 1d

Trump Wants One-Year Cap On Credit Card Interest Rates

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Trump Demands Credit Card Companies Dramatically Slash Rates Because ‘AFFORDABILITY!’

AOL

The Fed's cutting rates but credit card APRs aren't budging — this is why

The Federal Reserve cut rates by a quarter point in October — the second cut of 2025. Another quarter-point cut is widely expected when the Fed meets next week, though chair Jerome Powell isn't willing to commit to anything just yet. Here's what it means ...

Investopedia

Think a Fed Rate Cut Will Lower Your Credit Card APR? Not So Fast

Sean Messier is a personal finance writer with a focus on credit. He’s written for Credit Card Insider, plus several other national and global brands. Tfilm / Getty Images The Federal Reserve cut its federal funds rate in September 2025—the first time ...

CardRates.com

CFPB: Credit Card Spending Hit $3.6T in 2024

There is much to take away from the CFPB review of the credit card market. In 2024, purchase volume increased to $3.6 trillion, and annual growth in credit card spending was about 5%.