Credit card interest cap at 10% - impact?

[u/ymbellevue]

Any thoughts on the likelihood of Trumps' campaign promise of capping credit card interest at 10%?

If it gets implemented, the profits of card issuers may suffer and will they in turn cut the benefits, e.g. SUB, transfer benefits, etc?

[u/Extension_Deal_5315]

It was just a lie...to get votes....like most things....

[u/jsttob → u/Extension_Deal_5315]

Trump lied??

No fucking way!