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.

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer from Prime Rate + 13% up to Prime Rate + 13.25% if it wishes to mitigate the impact of a Fed rate cut and make more money from interest charges.

A 21-year-old woman turned to Reddit recently in frustration and disbelief after a single act of trust spiraled into a financial crisis. What started as a favor to her mother quickly became an $8,000 credit card nightmare,

This article originally published at South Texas woman sentenced after stealing $1.2M to cover credit card debt. The Mine debit card earns cash back, has no interest charges or hidden fees, and can help you build credit — but you do have to pay a membership fee.

Credit card debt is a big problem for many Americans, and it gets even worse when you are older. A new survey shows that 52% of people aged 50 to 64 and 42% of those aged 65 to 74 carry credit card debt.

See why the Citi Simplicity Card earned our top balance transfer award for 2026 and how much it can save you when paying off debt.