Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.32%. The Federal Reserve also tracks U.S. consumers' average credit card interest ...

On Friday, President Trump called for a one-year cap of 10% on credit card interest rates, set to begin Jan. 20. Without congressional legislation, implementing a rate cap would likely be challenging.

The biggest credit-card issuers collected about $146 billion in revenue last year from America’s reliance on debt. The combined results from JPMorgan Chase, American Express, Capital One and Citigroup ...

President Trump says that banks are ripping off Americans who use credit cards. Interest rates are at near-record highs, and Trump has called for a 10% cap on those rates starting today. But it's ...

Klarna CEO Sebastian Siemiatkowski expressed support for President Donald Trump’s push to cap credit card interest rates at 10% during an interview with "The Claman Countdown" Monday, despite ...

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% ...

The average credit card interest rate is now a whopping 23.79% — a rate that makes it difficult to crawl your way out of credit card debt once you have it. But that rate would be a lot lower if ...

President Trump's proposal to cap credit card interest rates at 10% for one year could save consumers billions of dollars but hurt Americans with lower credit scores, according to financial experts.

UNITED STATES — President Trump has proposed setting a universal 10% interest rate cap and intends to request Congress to approve this limit for one year. The proposed cap has raised concerns among ...