Bilt's 10% Interest Rate Is Turning Heads—But It's Not the Lowest APR Right Now [Yahoo! Finance]
American Express Company (AXP)
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Source: Yahoo! Finance
However, many other credit card companies offer longer introductory periods with APRs as low as 0% for a year and a half. Consumers should be aware that when the introductory period on their credit card ends, the actual APR applies, which can make any remaining balance much higher. New Bilt credit cards will offer interest rates of 10% for the first year, echoing President Trump's recent proposal to cap all card rates at that level. But the Bilt offer may not be the best deal for consumers. Bilt, known primarily for its loyalty programs that offer rewards for rent payments, introduced three new cards with a 10% introductory Annual Percentage Rate cap. These cards also allow homeowners to earn reward points on mortgage payments. This comes just a few days after President Donald Trump suggested a 10% cap for all credit card interest rates. His idea, however, is unlikely to pass Congress, which previously rejected the Biden administration's attempt to cap late fees on credit car
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Sec Filings
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