A proposal floated by President Trump to temporarily cap credit card interest rates at 10% has opened debate over how much relief borrowers could actually see.
Credit cards come with a whole host of fees and charges. These include joining fee, annual fee, cash advance fee, overlimit charges, late payment charges, reward redemption fee, foreign currency ...
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Experts Warn Consumers Could Pay More If 10% Credit Card Cap Limits Rewards and Raises Other Fees
Trump’s proposed plan to cap credit card interest rates at 10% for a year could save consumers money, but experts warn of tighter lending and higher fees.
President Trump's proposal to cap credit card interest rates is a move that could lower costs for millions who carry debt. often just to cover basic necessities.
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
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