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Donald Trump: “We're putting a one year cap at 10% [on credit card interest…”

Featuring: Donald Trump, Republican | President of the United States | National

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President Trump Gaggles with Press on Air Force One, Jan. 11, 2026

Published | Video Starts at 18:44

Card interest rates because you know, some of them are 28, almost 30% and that people, people don't know they're paying 30%. The people out there, you know, they're working and they have no idea that they're paying 30%. No way. We're putting a one year cap at 10% [on credit card interest rates]. and that's it. They know it. They've really abused the public. The credit card companies have totally abused. I'm not going to let it happen. (18:44–18:47)

CLAIM

Asserts that a one-year cap on credit card interest rates is being set at 10%.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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