In recent weeks, Donald Trump has turned his attention to the issue of affordability, a top concern for many voters according to recent polls. Under what some call “Bidenflation,” the cost of nearly everything has surged, leaving many Americans feeling the financial strain.

I recently covered how the president aims to ban institutional investors from the residential real estate sector. He argues that these investors are pushing out average Americans and inflating housing prices.

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During a Friday night address, Trump proposed another initiative: limiting credit card interest rates to a maximum of 10 percent. For anyone burdened by credit card debt, the high interest rates can make settling their debts feel nearly impossible as interest accumulates rapidly.

Trump suggested this temporary measure as a way to alleviate this financial burden, sharing his thoughts in a social media post on Friday night.

🚨 BREAKING: President Trump is calling for credit card interest rates to be CAPPED at 10% by January 20, 2026

“We will NO LONGER let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%.”

Wow! pic.twitter.com/jYPOJL9LH2

— Nick Sortor (@nicksortor) January 10, 2026

He put the issue of high prices at the feet of the inflation-happy former president, Joe Biden. “Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more,” he wrote, “which festered unimpeded during the Sleepy Joe Biden Administration.”

He continued, noting that the effective date of his proposal coincides with the one-year anniversary of his second tenure in office:

AFFORDABILITY! Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%. Coincidentally, the January 20th date will coincide with the one year anniversary of the historic and very successful Trump Administration. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN! PRESIDENT DONALD J. TRUMP

It is unclear how he would make this happen: an executive order? A bill in Congress? A deal with the credit card companies? Time will tell.

HUGE: President Donald J. Trump announces a one year cap on Credit Card Interest Rates of 10% effective January 20, 2026. 💸 pic.twitter.com/WKJ4Fk4SnC

— The White House (@WhiteHouse) January 10, 2026

Trump has also been involved in a long-running battle with Federal Reserve Chairman Jerome Powell, who has steadfastly refused to lower interest rates as quickly as the president wants. Powell’s term ends in May, and you can expect Trump will have someone new in the role before the chairman has had time to shut the door to his office.

RedState will keep you updated on how this latest proposal plays out as Trump is increasingly focused on affordability, one of the Democrats’ key talking points. If he’s able to beat them on that, that would leave them with virtually nothing to run on — except, of course, “Trump sucks!”

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.