A proposal floated by President Trump to temporarily cap credit card interest rates at 10% has opened debate over how much relief borrowers could actually see.

The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

The president's proposal could help consumers save billions of dollars and pay off debt faster. But financial experts say it could also make it harder for consumers with lower credit scores to get ...

Americans collectively owe $1.233 trillion in credit card debt, with nearly half of all cardholders carrying balances month ...

Trump's year-long cap on credit card interest is "well-intentioned," say experts, but it poses significant risks.

President Donald Trump noted at the Detroit Economic Club that he's calling to cap credit card rates at 10 percent for a year. But banks are pushing back.

Nearly half of American households have credit card debt and pay more than 20% in interest on their revolving balances. Even when the Federal Reserve cuts rates, those high APRs don't fall much.

Debt consolidation can help manage credit card and student loan debt. Learn about options and the importance of financial ...

Martin Lewis has given his ‘two rules’ for anyone with debt on a credit card and told This Morning viewers how to sort out their problems. Appearing on the ITV show the personal finance expert told ...

Explore how credit card teaser rates work, their benefits, potential pitfalls, and smart strategies for consumers.