Trump calls for 1 year cap on credit card interest rates
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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.
0% intro APR for 21 months from account opening on purchases and qualifying balance transfers. 17.49%, 23.99%, or 28.24% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate, BT fee of 5%, min: $5.