It’s hard to believe now, but credit card interest rates were as low as 15% when President Donald Trump was in office. Under the steadfast leadership of Joe Biden and Kamala Harris, Americans are now being crippled by credit card interest rates that average 24.92% and top out at 29.99%. This is unsustainable but fortunately, President Trump has a plan to give families financial relief to pay off these debts.

During a rally in Long Island, NY, last week, the former president announced a new economic policy that he plans to implement to help the middle class get back on their feet. His administration will be putting a temporary 10% on credit card interest rates.

Millions of middle-class Americans have been forced to put groceries and utility bills on credit cards in the last three years. Ever since Biden and Harris wrecked the economy by strangling America’s energy renaissance, family wages have not kept up with soaring hyperinflation. The problem is only exacerbated by sky-high credit card interest rates, which makes it virtually impossible for people to ever pay them off.

According to Forbes, the average American was carrying $5,947 in credit card debt in the second quarter of 2023. By the second quarter of 2024, it had risen to $6,329.

When Kamala Harris was asked how she plans to bring prices down if she’s elected president, she delivered a 3-minute word salad that mostly talked about herself. Once again, President Donald Trump has proven that he is the only one who has a plan to help Americans financially recover from Harris’s policies.

BREAKING: Trump announces that as president, he will immediately implement a temporary 10% cap on credit card interest rates

"We can't let them make it 25% and 30%."

Credit card interest rates are at a historic high under the Kamala-Biden regime. His simple plan will alleviate… pic.twitter.com/yENoVsqv1S

— George (@BehizyTweets) September 19, 2024