New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will ...

Key Takeaways Senators Bernie Sanders and Josh Hawley introduced a bill last week that would cap credit card interest rates ...

Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.

If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run. NerdWallet's credit cards content, including ratings and ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest ...

To break the credit card debt cycle you’re currently in, you’ll need to find a way to pay off the debts you have while ...

Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.

Low-rate credit cards present one viable alternative. While they charge interest, rates are low and don’t revert to a higher, post-promotion rate. This means there’s no need to juggle cards to ...

If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run. NerdWallet's credit cards content, including ratings and ...

Unless you're taking advantage of an intro 0% APR offer, if you carry a balance on your credit card, you're likely being hit with high interest charges. The average APR for all credit card ...