Скачать или смотреть 10% Credit Card Cap? Don't Expect Lower Monthly Expenses – Banking on Chaos

Subscribe on Youtube:    / @bankingonchaos  
Listen on Apple Podcasts: podcasts.apple.com/mu/podcast/banking-on-chaos-the-most-entertaining-banking/id1808825550
Follow on TikTok: tiktok.com/@bankingonchaos

In this eye-opening video, we break down the real-world impact of the proposed 10% cap on credit card interest rates. While the idea is gaining traction among both Democrats and Republicans, and credit card companies are bracing for potential revenue hits, there's a critical angle most people are missing—how much this cap would actually help everyday consumers. Spoiler: not as much as you think.

Using a simple $10,000 credit card balance example, this video compares a 20% APR with the proposed 10% cap. The results? While interest savings are real, the amount of money put back into consumers’ pockets each month is surprisingly low. You might save on interest and pay off debt slightly faster, but you won’t suddenly be flush with cash or ready to splurge on luxuries.

This isn’t financial theory—it’s a straight-up reality check for anyone hoping the cap will mean drastically lower credit card bills. If you've got debt and you're hoping for a monthly budget miracle, watch this first.

Timestamps, minimal math, and one loud construction project included—this breakdown is designed to be as clear and impactful as possible.

#creditcards #10percentcap #APR #creditcardreform #bankingnews #interestrates #debt