Trump's Rate-Cap Would 'Upend' Credit Card Industry, Delta CEO Says -- Market Talk

Dow Jones01-14

1338 ET -Donald Trump's proposed one-year cap of 10% on credit card interest rates would "would upend the whole credit card industry," Delta CEO Ed Bastian says on a call with analysts. Bastian says it's too early to contemplate how the rate cap would even be implemented and would have to withstand legal scrutiny. "It's way early innings, so it's really hard to speculate," he says. The CEO adds that the cap would restrict lower-end consumers from having access to credit. Delta offers several co-branded credit cards through American Express, which are typically aimed at higher-earning, affluent travelers. (dean.seal@wsj.com)

(END) Dow Jones Newswires

January 13, 2026 13:39 ET (18:39 GMT)

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Delta offers several co-branded credit cards through American Express, which are typically aimed at higher-earning, affluent travelers. 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Bastian says it's too early to contemplate how the rate cap would even be implemented and would have to withstand legal scrutiny. \"It's way early innings, so it's really hard to speculate,\" he says. The CEO adds that the cap would restrict lower-end consumers from having access to credit. Delta offers several co-branded credit cards through American Express, which are typically aimed at higher-earning, affluent travelers. 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