BREAKING:
President Trump Calls for 10% Cap on Credit Card Interest Rates – One-Year Relief Starting January 20, 2026.
Millions of Americans are getting crushed by 20-30% interest rates on credit cards.
Effective January 20, 2026 — the one-year mark of his administration — he is calling for a one-year cap at 10% on credit card interest rates.
This comes after rates exploded under the previous administration, with total U.S. credit card debt now hitting $1.23 trillion — a record high as of late 2025.
1. Roughly 46% of credit cardholders carry a balance month to month — that’s tens of millions trapped paying massive interest instead of paying down debt.
2. Average rates sit around 22-23%, turning everyday purchases into long-term burdens.
Trump’s move directly attacks the affordability crisis he promised to fix – putting Americans first against big banks.
Bold leadership. Real results.
Affordability is back on the agenda.
