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Multichromatic

(30 posts)

23. Wrong!

Sat Jan 10, 2026, 01:52 AM

Saturday

Credit card rates on cards with "good" credit was as low as 6.99, 7.99, 8.99, and 9.99 percent on those old green American Express cards in the 1990's and early 2000's Through about 2010 I had 9.99, 11.99, and 13.49 percent interest rate credit cards.

Then the banks got super greedy. Over the next ten years. Now all my cards have 17.99 to 25.99 percent interest with a good credit score.

In my area the Credit Unions used to legally have their credit card interest capped at 15 percent. I don't know when that regulation ended.

The banks can absolutely make a profit with a 10 percent interest rate on cards. They already did it in the past. They didn't go bankrupt!

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wolfie001 TheRickles RoseTrellis

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Highlight:

Trump calls for one year cap on credit card interest rates at 10% [View all] BumRushDaShow Friday OP

Sign over the bar "free beer tomorrow" Klarkashton Friday #1

He's just trying to increase the repuglican pac donations from the credit card carriers. It will never pass. mdbl Friday #2

He been floating an answer to every gripe. Klarkashton Friday #4

One of our local trolls is going to be very concerned about why "We Dems" didn't think of this first Prairie Gates Friday #21

Republicans hated Joe Biden's student loan programs bucolic_frolic Friday #3

if this actually takes effect moonshinegnomie Friday #5

"considering"... Trump doesn't. Norrrm Friday #7

Wrong! Multichromatic Saturday #23

I wonder how many millions will then lose their credit card accounts.... Mark.b2 Friday #6

my guess is most of them moonshinegnomie Friday #9

Good points.... Mark.b2 Friday #12

What's past is prologue Multichromatic Saturday #24

What has happened since the Raygun '80s, was banking deregulation BumRushDaShow Saturday #25

the will just wholesalfe cancel credit cards moonshinegnomie Saturday #31

I don't know that a US President has the power to do that. 70sEraVet Friday #8

that requires congress moonshinegnomie Friday #10

I'm sure you're right about that. 70sEraVet Friday #11

The little people can't take advantage of tax deductions. They are taking the standard deduction and getting money... Ol Janx Spirit Friday #15

Before the mid-terms, Trump will promise us all a new car and a Trump phone. RedWhiteBlueIsRacist Friday #13

Trump then called for a Chihuahua in every pot Bristlecone Friday #14

This is what he does: he says it--expecting credit for it. And it is probably true more often than not... Ol Janx Spirit Friday #16

These are useless things just meant to get some headlines JI7 Friday #17

He spews a firehose of crazy every day tonekat Friday #18

More smoke & mirrors - epstein,epstein,epstein Nigrum Cattus Friday #19

The Age of BIG GOVERNMENT, I guess Prairie Gates Friday #20

The credit card companies would have to agree to do that and they won't. SunSeeker Saturday #22

Credit Card Companies would have to cancel some people's cards................. Lovie777 Saturday #26

Credit limits will plummet wolfie001 Saturday #29

Sounds like he is in panic mode over the economy. Raven123 Saturday #27

More socialism by the fat orange imbecile wolfie001 Saturday #28

Hey while we're spouting populist pablum why not raise the minimum wage by ten percent for a year or until after the... Hugin Saturday #30

Desperado Don's Full-of-Shit Proclamations are oasis Saturday #32

Thanks for posting this. RoseTrellis Saturday #33

Alright, whose check didn't clear? Chase? Discover, this your fault? flvegan Saturday #34

This is a silly 1 year tiny bandaid proposal. delisen Saturday #35

I had to get a new CC because my airline card switched from Barclays to Citi. The switch will be automatic sometime Raftergirl 19 hrs ago #36

I never use a credit card any more, just a debit card when I need to order something online. CTyankee 14 hrs ago #37