The struggling consumer masses of the world are united in two things: their hatred of credit card companies and their desire for more and better credit cards. Donald Trump, who once crowned himself the “king of debt,” wants credit card interest rates capped at 10 percent. When you are a bad credit risk, you pay higher interest rates and get credit on generally worse terms. Credit card interest rates are not the problem: Credit card balances are the problem for many families, because post-COVID inflation—which Trump’s big-spending policies and tariffs have made worse—has eaten into household incomes. Among other concerns, they note that a “10 percent cap could eliminate credit card access for up to 190 million Americans, or close to 90 percent of American cardholders.” Which is to say, Trump would replace your high-interest credit card with no credit card.