Trump Proposes 10% Credit Card Interest Rate Cap Starting January 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 10 2026- Interest Rate Cap Proposal: Trump announced on Truth Social a proposal to implement a 10% cap on credit card interest rates starting January 20, 2026, aiming to prevent lenders from charging rates as high as 20-30%, which could reshape consumer credit dynamics in the U.S.
- Use of Executive Power: The proposal suggests that Trump will utilize executive powers to introduce a national interest rate cap, although specific implementation details are currently lacking, it could have profound implications for consumer credit agreements and lending conditions.
- Market Response Uncertain: The immediate response from financial markets remains speculative, with experts noting that historical precedents of similar interest rate caps could lead to tighter credit conditions for higher-risk borrowers, potentially impacting bank profitability.
- Unprecedented Policy Change: Trump's proposal to set a nationwide credit card APR cap is unprecedented, as similar measures have only been seen at the state level, and such presidential intervention could significantly affect the entire financial market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
