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Trump calls for one-year 10 pc cap on Credit Card interest, citing ‘affordability’

January 10, 2026

President Donald Trump has proposed a one-year cap on credit card interest rates at 10 percent, starting January 20, 2026, emphasizing that many Americans are being overcharged by credit card companies. He criticized the current high rates, which can exceed 30%, and did not specify whether the cap would be voluntary for lenders or mandated by the government.

Central India's Premier English Daily

Credit: Centralchronicle

Key Highlights

Trump's proposed cap on credit card interest is set to take effect on January 20, 2026.
He claims Americans are being 'ripped off' by high interest rates from credit card companies.
The proposal marks the first anniversary of Trump's return to the White House.
Current credit card interest rates can exceed 20-30%, according to Trump.
The details on enforcement of the cap remain unclear.

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Trump calls for one-year 10 pc cap on Credit Card interest, citing ‘affordability’

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Trump calls for one-year 10 pc cap on Credit Card interest, citing ‘affordability’

Key Highlights

Sources

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