The CFPB finalized a rule in March 2024 to cap most credit card late fees at $8, down from an average of $32, reducing costs for consumers. Other recent changes include proposed, but not yet enacted, 10% interest rate caps, new data rights allowing easier provider switching, and updated, once-per-lifetime bonus rules for specific cards.
Currently, there's no law or executive order in place mandating that lenders charge no more than 10% interest on credit cards. There's also no generally applicable federal law that limits the interest rate that can be charged by a credit card company, according to the Consumer Financial Protection Bureau.
What's Changing in Visa and Mastercard's 2025 Regulations. Both Visa and Mastercard are tightening controls on recurring billing, transparency at checkout, and dispute resolution processes. The new mandates require merchants to display total costs—including taxes and shipping—before a customer commits to payment.
The Trump Gold Card is a proposed type of investor visa leading to a residency permit for the United States, announced by United States president Donald Trump, that would allow investors a fast track path to residency and citizenship if they pay at least $1 million USD to the government. Trump Card.
Under the new credit card RBI rules India rolled out, minimum payment calculations have been standardised across all issuers. The minimum due amount must now include at least 5% of the outstanding balance plus all fees.
New Credit Card Rules From June 2025
Extra charges on fuel and utility payments. Revised fees on international transactions. Updates in reward point systems. Revised calculation or redemption of reward points, including caps on earning points in certain categories.
A settlement between Visa and Mastercard means businesses could charge different fees for different cards. What to know. If you have tapped to pay with a credit card, you've likely noticed that some merchants add a small fee for paying with credit instead of debit or cash.
The Centurion Card is minted out of anodized titanium, laser-engraved, and accented with stainless steel. The card reports to credit bureaus and does not maintain a pre-set credit limit. It is considered a status symbol among the affluent.
Practically speaking, this fee only applies to employers who use an H-1B visa petition to bring a foreign national to the United States. Current employers of H-1 workers who wish to continue to employ this worker need not worry about this fee, and can instead file an extension of status petition.
Credit card issuers can close your account due to what's known as "inactivity," meaning you haven't used the card in a certain amount of time — let's say a year or more — and the issuer now assumes you have no use for that account. A canceled credit card might lower a good credit score for several reasons.
With Apple Pay, Google Pay, Venmo, and a parade of sleek digital wallets promising a frictionless future, it's tempting to assume that cards are on their way out. But here's the reality check: they're not. In fact, the numbers and behavior trends show that physical cards are not just surviving…they're thriving.
The government won't relieve you of your credit card debt. However, other aid programs may be able to help. You've got at least four non-government solutions for too much credit card debt, including debt acceleration, debt consolidation, debt management, and debt settlement.
While it's possible that interest rates could return to 3% territory in the future, it's highly unlikely that it'll happen anytime soon. In fact, some experts say it won't happen again without another major economic shock like the one caused by the COVID-19 pandemic.
Q: What are the general rules for implementing credit card surcharges in the US? Nationwide, the surcharge rate for credit card transactions cannot exceed 4% of the total transaction (3% for Visa cards).
How much is 26.99 APR on $3,000? An APR of 26.99% on a $3,000 balance would cost $67.26 in monthly interest charges.
List of people granted executive clemency in the second Trump presidency. In his role as the 47th president of the United States (January 20, 2025 – present), Donald Trump granted executive clemency to more than 1,600 individuals as of July 23, 2025, all of whom were charged or convicted of federal criminal offenses.
If our estimate of the post-1980 legal population is correct, then there were 15.4 million illegal immigrants in the January 2025 CPS (46.8 million minus 31.4 million).
The illegal migration of people into the United States across the Mexico-United States border has caused an ongoing migrant crisis. U.S. presidents Barack Obama and Donald Trump both referred to surges in migrants at the border as a "crisis" during their tenure.
While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 781-800 is considered an excellent credit score.
A majority of Americans (53%) carry some, with an average balance of $7,719. However, a third of those carrying debt (32%) owe $10,000 or more, while almost 1 in 10 (9%) have credit card debt over $20,000.
Centurion® Card from American Express
Why it's one of the hardest cards to get: The hardest card to get is the American Express Centurion Card, known simply as the “Black Card.” You need an invitation to get Amex Centurion, and only the super rich and famous can expect to get the call.
Security. Both Visa and Mastercard offer zero liability fraud protection, ensuring cardholders are not held responsible for unauthorized charges made with their cards when reported promptly. Additionally, Visa's security features include: AI-driven verification of over 500 data points on transactions.
Places Where Mastercard Is Not Accepted
Small businesses may not always want to bother with the fees they get charged for accepting credit cards. So, you'll probably run into some cash-only merchants at some point.
In short, swipe fees, also known as interchange fees, are the 2%–3% that credit card companies charge retailers every time a customer swipes their credit card to make a purchase. Visa and Mastercard set the swipe fees for the thousands of banks that issue their cards—and consumers foot the bill.