Credit Card Interest Cap: Savings or Scrapped Rewards?

Could a 10% credit card interest rate cap save Americans $100 billion annually? A new study says yes, echoing Trump's old proposal and sparking political action from Hawley and Sanders. While banks warn of wrecked rewards programs, the report argues they'd still profit, even if some perks get trimmed. With Americans drowning in $1.21 trillion of credit card debt at 21% interest, is it time to prioritize savings over sky-high rewards? Hosted on Acast. See acast.com/privacy for more information.