Trump Wants to Cap Credit-Card Interest Rates. These Stocks Could Feel the Heat. — Barron’s
These Stocks Could Feel the Heat.
By Karishma Vanjani
Updated Jan 10, 2026 7:31 pm EST / Original Jan 10, 2026 2:25 pm EST
Key Points
\- President Trump called for a one-year cap of 10% on credit-card interest rates, effective Jan. 20, 2026, to address affordability concerns.
\- The average credit-card interest rate in the U.S. is 19.65%, with store cards averaging 30.14%, significantly higher than the proposed cap.
\- Industry experts and research suggest a cap could reduce credit access for risky borrowers and may be circumvented by other fees.
President Donald Trump on Friday called for credit-card companies to cap the interest rates they charge customers, as the president leans harder into addressing consumers’ affordability concerns.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%,” he said in a Truth Social post.
It was unclear how the move would be enacted, but credit-card companies may already be bracing for a negative stock reaction if a reduction in rates hits their net interest income.
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