Trump’s 10% APR Proposal: Bank of America's Potential New Credit Card
Friday, 23 January 2026, 20:52
Trump’s APR Cap and Its Impact
Donald Trump recently urged for a temporary credit card rate cap at 10%. This initiative is aimed at alleviating consumer debt burdens in today's economic climate.
Bank of America's Considerations
In light of Trump's proposal, Bank of America is reportedly weighing the introduction of a new credit card that aligns with this rate cap. Their existing offerings highlight a shift towards competitive rates.
- BankAmericard offers a 0% introductory APR for 18 months.
- Post-introductory rates can range from 14.5% to 24%, varying with credit scores.
- Trump's advocacy highlights increasing scrutiny on credit card fees.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.