A new bill in Congress would cap credit card interest rates at 10%. But the limits could harm consumers, experts warn
A new bill sponsored by Sens. Sanders and Hawley would cap credit card APRs, but that could reduce access to credit and credit card rewards programs.
Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know
Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card interest rates at 10%.
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.
Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
Bernie Sanders, Josh Hawley team up on Trump pledge to slash credit card rates to 10%
A bipartisan bill from Sens. Bernie Sanders and Josh Hawley aims to codify a campaign promise made by President Donald Trump to cap credit card rates to 10%.
Two polar opposite senators back bill to cap credit card interest rates
Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Kan.) agree on very little politically. But the very liberal and very conservative lawmakers are co-spo
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What's a Good Credit Card APR?
A credit card's APR is the rate at which interest accrues on any balance you carry from one billing cycle to the next. If you ...
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What Is The Average Credit Card Interest Rate?
Of course, the annual percentage rates (APR) you pay on your own credit cards might not match up with the national average. Credit card APRs can vary widely based on a number of factors ...
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Which credit cards have the best interest rates?
If you already carry a balance on your credit card, you're likely being hit with high interest charges that make it harder to pay off debt. The average APR for all credit card accounts is ...
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Best Credit Cards for Fair or Average Credit of February 2025
If you can find a card that pays rewards while also providing a steppingstone from average credit to good or excellent credit, it’s a win-win. Try not to carry a balance: Interest rates on ...
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The average credit score was 715 in 2024, according to Experian data. That average, as of the third quarter of 2024, is ...
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Current credit card interest rates [2025]: How do your cards stack up?
Here are the average interest rates by credit score range, based on the most recently available data: Credit card interest works differently than other types of consumer debt. This is ...
The Pros and Cons of a 0% Balance Transfer
Usually, 0% balance transfer cards offer a 0% rate for a limited period, such as 12 to 18 months. You can structure your debt ...
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What Is A Good Credit Card APR?
Caroline LupiniManaging Editor, Credit Cards & Travel Rewards Caroline ... the impact in the event of the unexpected. An APR below the national average can be considered a “good” APR ...
The senators want to cap interest at 10%, fulfilling a campaign promise made by President Donald Trump
Political odd couple Josh Hawley and Bernie Sanders on Wednesday announced they are jointly sponsoring a bill that would ...