Trump wants a temporary 10% cap on credit card interest rates

Donald Trump is talking about how the credit card companies are ripping people off with high interest rates. Trump wants to implement a temporary 10% credit card interest rate to help American families get out of debt and live the American Dream. And he should make it full time, too! Credit card companies have been stealing from Americans for decades with ridiculous interest rates.

If you want to know why some people stop paying the cards, it's because they make thousands in payments and the debt barely goes down because of the high interest rates. It's just as bad as the interest rates on school loans. I think Trump should cap the interest rates at 1-5% for everything. There's no reason these companies need to steal our hard-earned money on interest. It's such a scam and they are criminals for charging these rates.


View: https://x.com/FrankBojazi/status/1836803722640302381

 

[Donna]

A great idea, school debt interest is ridiculous also!!

 

[nabi]

Forget it. It would be inflationary. You want to check inflation, not encourage it.

 

[eat baloney]

Well, I am sure the fraud that is rampant in the industry is not helping much either. If you don't like it, get a different, cheaper card. The free market can fix this, although it sounds nice, price fixing NEVER works in the long run. Pay your bills on time and your credit rating will be better and you can get a better card.