Annual interest rates on credit cards in the US range between 21% and 24%. Lawmakers from ‌both the Democratic and Republican parties have raised concerns about high interest rates and have called for those to be addressed. “Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” he added. “Begging credit card companies to play nice is a joke. Democrat Alexandria Ocasio-Cortez and Republican Anna Paulina Luna have also introduced a ⁠House of Representatives bill to cap credit card interest rates at 10%, reflecting bipartisan interest in addressing high rates.

Source: Bangkok Post January 10, 2026 06:18 UTC