Trump Proposes 1-Year, 10% Cap On Credit Card Interest Rates

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 immediate opposition from an industry that has been in his corner.

Jan 11, 2026 - 12:00
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Trump Proposes 1-Year, 10%  Cap On Credit Card Interest Rates
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 immediate opposition from an industry that has been in his corner.

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