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re: Trump caps credit card interest at 10%

Posted on 1/9/26 at 9:10 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21887 posts
Posted on 1/9/26 at 9:10 pm to
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21887 posts
Posted on 1/9/26 at 9:27 pm to
Posted by Gee Grenouille
Member since Jul 2018
8016 posts
Posted on 1/9/26 at 9:30 pm to
quote:

A policy plank straight from Bernie sanders


Bernie and Warren aren’t always wrong.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21887 posts
Posted on 1/9/26 at 9:31 pm to
Going after the banks that were facilitating the fraud:

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Posted by SaintsReportExile
Member since Nov 2023
773 posts
Posted on 1/9/26 at 9:47 pm to
CNN or CNBC news story in the coming week: Why 30% rates on credit cards aren't as bad as you think.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
17960 posts
Posted on 1/9/26 at 10:28 pm to
The wording is important. He's calling for 10%, not requiring it.

It's a political chess move.

quote:

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Posted by hansenthered1
Dixie
Member since Nov 2023
2638 posts
Posted on 1/9/26 at 10:30 pm to
Trump boys don't care. They have not loyalty to anything but the man Trump. Ideas mean shite to them.

They are going to fade quick when he's gone and their kingdom will be undone in weeks.

Trump is no conservative by any stretch. He's a rightwing socialist.
Posted by MemphisGuy
Germantown, TN
Member since Nov 2023
14649 posts
Posted on 1/9/26 at 10:41 pm to
quote:

He's calling for 10%, not requiring it.


That's probably because ALL he can do is "call for it". He cannot "require" it.
Posted by wackatimesthree
Member since Oct 2019
13430 posts
Posted on 1/9/26 at 10:42 pm to
More government regulation.

I didn't vote for that.
Posted by beaux duke
Member since Oct 2023
4911 posts
Posted on 1/9/26 at 10:48 pm to
quote:

It's a political chess move.


if you don't play chess. like trump
Posted by BBONDS25
Member since Mar 2008
59462 posts
Posted on 1/9/26 at 10:52 pm to
quote:

I wonder if some credit card companies will respond with 10-20 dollar monthly fees just for having the card and add annual fees of over a hundred dollars like some elite cards have for subprime users.


Amex platinum is 900 a year. Ised to be 500 a year. If you like the benefits you keep it. If you don’t you don’t.
Posted by Jugbow
Member since Nov 2025
3592 posts
Posted on 1/9/26 at 11:03 pm to
quote:

Trump boys don't care. They have not loyalty to anything but the man Trump.


Yep now get fricked.

quote:

They are going to fade quick when he's gone and their kingdom will be undone in weeks.


Hopes and dreams for your ilk

quote:

Trump is no conservative by any stretch. He's a rightwing socialist.


And like your herpes you can’t get rid of him and it drives you crazy. We elected him to make you cry.
Posted by wackatimesthree
Member since Oct 2019
13430 posts
Posted on 1/9/26 at 11:05 pm to
quote:

Jugbow


You realize that your post proved that everything he said in his post is true, right?
Posted by Richleau
Member since Dec 2018
4426 posts
Posted on 1/9/26 at 11:08 pm to
Usury is a mortal sin. Supremely Jewish behavior.
This post was edited on 1/9/26 at 11:09 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37007 posts
Posted on 1/9/26 at 11:33 pm to
If this is true it’s stupid. If you don’t like the interest rate on your credit card get a different one or don’t use credit.
Posted by TenWheelsForJesus
Member since Jan 2018
11349 posts
Posted on 1/9/26 at 11:51 pm to
The same people who complain about Trump not tackling affordability are also now complaining that Trump is tackling affordability. You want Trump to deliver, supposedly, but then you want to handcuff him. You want him to only follow your approved methods.

Once again, the procedure is more important than the results.

There's also no need to be upset before anything becomes a reality. There's a good chance this is Trump making the first move in a negotiation with the credit card companies. I know the president negotiating with companies is still wrong to the "true conservatives," but we have to be honest. Your methods haven't delivered.

Corporations have taken advantage of the American people. The wealth gap they created is not sustainable. When it reaches a point, there is violence. I'd prefer not to reach that point just because our principles tell us we're virtuous for putting the almighty dollar above everything else.

This is also for one year. Crying because bankers won't make even more profit for a few months is ridiculous. Do people not remember the bailouts? Conservatives were against that, but now they're against the people getting some of that money back. It's insane how conservatives shoot themselves in the foot and tell you how they're better for doing so.
Posted by Tiger Prawn
Member since Dec 2016
25832 posts
Posted on 1/9/26 at 11:55 pm to
This will have unintended negative consequences, especially for those of us who don’t carry balances.

Loss or reduction in points and rewards. Increased annual fees. Higher merchant fees that get passed on to consumers.
Posted by TigerAllNightLong
Member since Jul 2023
1141 posts
Posted on 1/9/26 at 11:58 pm to
quote:

fricking dumb and economically illiterate A policy plank straight from Bernie sanders and socialist cretins

1000%.

And for all that disagree - where do you draw the line? 3%? 0%? Hell, make the credit card companies pay you 30%. How is this different from the minimum wage argument?
Posted by 10thyrsr
Texas
Member since Oct 2020
1139 posts
Posted on 1/10/26 at 12:48 am to
quote:

Congratulations! You just posted the dumbest statement I’ve ever read on the Poli Board not written by SDVTiger…


Care to back that statement up with evidence? If the people who understand money can't make money, then why should we trust them?

Go ahead and call my post dumb while I continue to make money off of dumb people in the market. The market relies on people losing money to support winners who take that money. We need people like you and encourage you to spread your message.
This post was edited on 1/10/26 at 12:58 am
Posted by Taxing Authority
Houston
Member since Feb 2010
63304 posts
Posted on 1/10/26 at 3:16 am to
quote:

Liberals are about to love high interest rates!


Bernie and Elizabeth Warren have been calling for this for years. Watching Trump manipulate. republicans into authoritarian socialism is a hell of a thing to see.
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