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The Independent UK
The Independent UK
National
Ken Sweet

Bilt's new credit cards will feature 10% interest rate, meeting bipartisan call for lower card rates

Bilt Ankur Jain Donald Trump Interest Rates Wells Fargo
Bilt Credit Cards - (ASSOCIATED PRESS)

Fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on all card users’ interest rates at 10% for one year.

The promotion comes at a time of heightened political rhetoric around the cost of credit cards, with President Donald Trump announcing last week that he also is seeking a one-year cap on credit card interest rates of 10%.

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