Bilt offers credit cards with temporary 10% APR after Trump proposes interest-rate cap

January 15, 2026

TL;DR

Bilt introduced three new credit cards with a 10% interest rate cap for one year on new purchases.
The offer comes after President Trump proposed a 10% ceiling on credit card interest rates, which banks opposed.
Bilt aims to help Americans facing an affordability crisis and capitalize on the potential for interest rate caps.
The company offers rewards on rent and mortgage payments through partnerships with landlords.
The new cards include the Bilt Palladium Card ($495 annual fee), the Bilt Obsidian Card ($95 annual fee), and a no-annual-fee option.
The average credit card APR is around 24%, with rates up to 36% for poor credit.
Trump's proposal is estimated to save consumers $100 billion.

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