Trump called for a 10% cap on card rates by Jan. 20. What happened?

If you were waiting for your credit card interest rate to plummet to 10% on Jan. 20, don't hold your breath.

Trump’s 10% Credit Card Cap Plan Hit AmEx Stock Hard

President Trump’s proposed plan to cap credit card rates at 10% have sent big waves through the financial scene, causing ...
Time

Trump’s Proposed Change to Credit Cards—and How It Could Impact You

Trump signs an Executive Order in the Oval Office of the White House in Washington, D.C. on Jan. 30, 2025. Trump signs an Executive Order in the Oval Office of the White House in Washington, D.C.
CNN

Trump calls for a 10% cap on credit card rates in his latest appeal to affordability concerns

President Donald Trump on Friday called for a one-year, 10% cap on credit card interest rates, saying the American public is being “ripped off” in a Truth Social post. Trump called for the cap ...