A proposal floated by President Trump to temporarily cap credit card interest rates at 10% has opened debate over how much relief borrowers could actually see.

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

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

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.

President Donald Trump has demanded a 10% cap on credit card interest rates by January 20. Consumer groups, politicians, and bankers remain unclear about the White House's plans.

President Trump's proposal to cap credit card interest rates at 10% - an idea with bipartisan support - received swift backlash from bank executives.

The episode may show the limits of President Trump's ability to cajole the financial industry into voluntarily giving up billions of dollars in revenue.

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

Credit card debt is exploding in the U.S. According to a recent report from the Federal Reserve Bank of New York, credit card balances grew to $1.23 trillion in the third quarter of 2025, a ...

"It would be an economic disaster, and I'm not making that up because our business … we would survive it, by the way," JPMorgan CEO Jamie Dimon said at the World Economic Forum last week. Dimon added ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year.