Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

moonshinegnomie

(3,906 posts)

31. the will just wholesalfe cancel credit cards

Reply to Multichromatic (Reply #24)

Sat Jan 10, 2026, 08:30 AM

Jan 10

only the very highest credit scores will be able to get them.
credit score under 700-750? nope. no card for you
with a 7% default/late payment rate a bank cant provide a card at 10% to any but the most credit worth borrowers.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

37 replies

= new reply since forum marked as read

Highlight:

Trump calls for one year cap on credit card interest rates at 10% [View all] BumRushDaShow Jan 9 OP

Sign over the bar "free beer tomorrow" Klarkashton Jan 9 #1

He's just trying to increase the repuglican pac donations from the credit card carriers. It will never pass. mdbl Jan 9 #2

He been floating an answer to every gripe. Klarkashton Jan 9 #4

One of our local trolls is going to be very concerned about why "We Dems" didn't think of this first Prairie Gates Jan 9 #21

Republicans hated Joe Biden's student loan programs bucolic_frolic Jan 9 #3

if this actually takes effect moonshinegnomie Jan 9 #5

"considering"... Trump doesn't. Norrrm Jan 9 #7

Wrong! Multichromatic Jan 10 #23

I wonder how many millions will then lose their credit card accounts.... Mark.b2 Jan 9 #6

my guess is most of them moonshinegnomie Jan 9 #9

Good points.... Mark.b2 Jan 9 #12

What's past is prologue Multichromatic Jan 10 #24

What has happened since the Raygun '80s, was banking deregulation BumRushDaShow Jan 10 #25

the will just wholesalfe cancel credit cards moonshinegnomie Jan 10 #31

I don't know that a US President has the power to do that. 70sEraVet Jan 9 #8

that requires congress moonshinegnomie Jan 9 #10

I'm sure you're right about that. 70sEraVet Jan 9 #11

The little people can't take advantage of tax deductions. They are taking the standard deduction and getting money... Ol Janx Spirit Jan 9 #15

Before the mid-terms, Trump will promise us all a new car and a Trump phone. RedWhiteBlueIsRacist Jan 9 #13

Trump then called for a Chihuahua in every pot Bristlecone Jan 9 #14

This is what he does: he says it--expecting credit for it. And it is probably true more often than not... Ol Janx Spirit Jan 9 #16

These are useless things just meant to get some headlines JI7 Jan 9 #17

He spews a firehose of crazy every day tonekat Jan 9 #18

More smoke & mirrors - epstein,epstein,epstein Nigrum Cattus Jan 9 #19

The Age of BIG GOVERNMENT, I guess Prairie Gates Jan 9 #20

The credit card companies would have to agree to do that and they won't. SunSeeker Jan 10 #22

Credit Card Companies would have to cancel some people's cards................. Lovie777 Jan 10 #26

Credit limits will plummet wolfie001 Jan 10 #29

Sounds like he is in panic mode over the economy. Raven123 Jan 10 #27

More socialism by the fat orange imbecile wolfie001 Jan 10 #28

Hey while we're spouting populist pablum why not raise the minimum wage by ten percent for a year or until after the... Hugin Jan 10 #30

Desperado Don's Full-of-Shit Proclamations are oasis Jan 10 #32

Thanks for posting this. RoseTrellis Jan 10 #33

Alright, whose check didn't clear? Chase? Discover, this your fault? flvegan Jan 10 #34

This is a silly 1 year tiny bandaid proposal. delisen Jan 10 #35

I had to get a new CC because my airline card switched from Barclays to Citi. The switch will be automatic sometime Raftergirl Jan 11 #36

I never use a credit card any more, just a debit card when I need to order something online. CTyankee Jan 11 #37