10% Credit Card Rate Cap: Winners, Losers & Alternatives

In this episode of PennyWise, host John Kiernan and guest Brett House, a Professor of Economics at Columbia Business School, talk about how a 10% cap on credit card interest rates would affect consumers and the economy. John and Brett discuss the winners and losers of a 10% rate cap, along with other ways to address affordability concerns.  More on this episode from WalletHub:  Credit Card Landscape Report  Best Credit Card Rates Best 0% APR Credit Cards  Best Balance Transfer Credit Cards  Credit Card Payoff Calculator What Is a Good APR for a Credit Card? Historical Credit Card Interest Rates If you want to take your finances to the next level, sign up for a WalletHub Premium subscription. You can get a personalized debt repayment plan, along with budgeting tools, credit-improvement help, identity protection and more.