Put A Lid On It: The Sanders-Hawley Bill Wants To Cap Credit Card Rates. Here’s What You Need To Know
A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh Hawley (R-Mo.) unveiled a bill that would cap credit card interest rates at 10%.
Would a 10% Credit Card Interest Rate Cap Be a Totally Good Thing for Consumers?
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card. And consumers who are considered high-risk are approved with a higher interest rate as a way for banks and issuers to compensate for the possibility of default.
With so many options, shopping for a credit card can get overwhelming. Read on for the perfect place to start your search.
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These numbers offer a general reference point to determine whether a specific credit card has a good APR. Generally, the higher someone’s credit score, the better their chances of scoring an ...
Credit cards that require good credit often provide competitive rewards, generous welcome bonuses, long intro 0% APR periods and annual statement credits. If you don't fall within the good ...
Using a secured credit card responsibly now can help you build credit and qualify for a more rewarding card later.
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