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Bilt’s new credit cards will feature 10% interest rate

The promotion comes at a time of heightened political rhetoric around the cost of credit cards, with President Donald Trump announcing last week that he also is seeking a one-year cap on credit card interest rates of 10%.

“If (a credit card rate cap) is going to happen, we’d rather be at the forefront," said CEO Ankur Jain.

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credit, interest rate