Bilt's new credit cards will feature 10% interest rate, meeting bipartisan call for lower card rates

NEW YORK (AP) — Fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on all card users’ interest rates at 10% for one year. The promotion comes at a time of heightened political rhetoric around the cost of credit cards, with President Donald Trump announcing last week that he also is seeking a one-year cap on credit card interest rates of 10%. New York-based Bilt, which originally built its business model around earning rewards on ren ...