Bilt credit card interest rate cap Trump.

Bilt has announced an overhaul of its credit cards, introducing an 10% introductory interest rate for one year. This move comes amid political discussions about capping credit card rates, with President Trump recently supporting a similar cap. Bilt, originally focused on rewards for rent payments, is expanding into other financial products. The company aims to address affordability issues and attract new customers. Bilt’s new cards follow a tiered model, offering various rewards and fees. The company is ending its partnership with Wells Fargo and teaming up with Cardless and Column N.A. for its new card offerings.