Credit Card Rewards Could Suffer If Trump Caps Interest Rates

Core Viewpoint - President Trump's proposal to cap credit card interest rates at 10% for one year may lead to a reduction in rewards, particularly affecting consumers with lower credit scores [1] Group 1: Impact on Credit Card Companies - Capping interest rates could significantly alter the revenue model for credit card companies, potentially leading to decreased profitability [1] - Companies may respond to the cap by reducing rewards programs to maintain margins [1] Group 2: Consumer Implications - Consumers with less-than-stellar credit are likely to be the most affected, facing diminished rewards and benefits [1] - The proposed cap may incentivize consumers to improve their credit scores to access better rewards in the future [1]