credit card interest rate cap

‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt — Photo by Julia Fiande

5 Dire Ways Credit Cards Shape Tomorrow's Debt Reset

5 Dire Ways Credit Cards Shape Tomorrow's Debt Reset In 2024 the average credit-card interest rate is almost 24% (Recent), so a 10% cap would force issuers to cut APRs dramatically, reshaping debt dynamics for consumers and the Treasury. Financial Disclaimer: This article is for educational purposes only