Trump proposes a 10% credit card interest cap to stop Americans being “ripped off”. Explained: how it works, potential savings, risks, bank backlash, and whether it truly reduces debt.

Every time you use your card, the credit card company adds a swipe fee of 2% to 4%. The Legislature should protect consumers and local merchants. | Opinion

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer from Prime Rate + 13% up to Prime Rate + 13.25% if it wishes to mitigate the impact of a Fed rate cut and make more money from interest charges.

Credit card debt relief could help you manage debt, but you'll need to be careful when choosing a program. As a freelance personal finance writer since 2008, Jason has contributed to over 100 outlets including Forbes, USA Today, Newsweek, Time, U.S. News ...

(NewsNation) — Debt settlement is a last resort option for someone looking to get out of credit card debt, and there are tax implications for those who go that route. Americans collectively owe more than $1.6 trillion in credit card debt, with the ...

In 2024, credit card debt accounted for 6.36% of all United States household debt, up from 5.8% in 2020. Credit card balances surged during the pandemic and, by the end of 2022, Alaska led the nation with the highest average credit card debt per household ...