Reviving a campaign pledge, President Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.

U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.

But Costco members can benefit from the store’s branded credit card because it offers a major perk – 2% cash back on all Costco purchases. And that extends to Costco.com .

The measure has support from restaurant owners who say credit card fees are a growing portion of their expenses since 2020.

JPMorgan Chase has reached a deal to take over the Apple credit-card program from Goldman Sachs, further cementing JPMorgan’s status as a behemoth in the credit-card sector and marking the final chapter of Goldman’s failed experiment in consumer lending.

This reality has pushed more Americans to consider their debt relief options, like credit card debt forgiveness. The goal of debt forgiveness is to reduce what you owe, sometimes significantly, through negotiations with your creditors,