:max_bytes(150000):strip_icc()/GettyImages-2213119316-3f3d2e384b3b4e20912ac7bef11c8941.jpg "Bilt’s 10% Interest Rate Is Turning Heads—But It’s Not the Lowest APR Right Now")
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KEY TAKEAWAYS
- Following President Donald Trump’s proposal to cap credit card interest rates at 10%, new Bilt credit cards offer rewards for making rent or mortgage payments and a 10% APR for the first year.
- However, many other credit card companies offer longer introductory periods with APRs as low as 0% for a year and a half.
- Consumers should be aware that when the introductory period on their credit card ends, the actual APR applies, which can make any remaining balance much higher.
New Bilt credit cards will offer interest rates of 10% for the first year, echoing President Trump’s recent proposal to cap all card rates at that level. But the Bilt offer may not be the best deal for consumers.
Bilt, known primarily for its loyalty programs that offer rewards for rent payments, introduced three new cards with a 10% introductory Annual Percentage Rate cap. These cards also allow homeowners to earn reward points on mortgage payments.
This comes just a few days after President Donald Trump suggested a 10% cap for all credit card interest rates. His idea, however, is unlikely to pass Congress, which previously rejected the Biden administration’s attempt to cap late fees on credit cards.
Why This Matters To You
With credit card interest rates near record highs, many Americans are feeling squeezed by rising borrowing costs and high prices. When shopping around for a new card, finding the best terms possible will save money in the long run.
While Bilt is making Trump’s capped interest rate a reality for a short time, many other credit card companies offer terms with much lower APRs to start. This table is not a comprehensive list of all credit cards with a low introductory rate, but it gives an idea of other credit card options.
| Credit Cards Offering an Introductory 0% APR | ||
|---|---|---|
| Credit Card Name | 0% Introductory APR Term Length | Variable APR After Intro Period |
| Bank of America Credit Card | 18 months | 14.49% to 24.49% |
| Discover it Cash Back Credit Card | 15 months | 17.49% to 26.49% |
| Chase Freedom Unlimited Credit Card | 15 months | 18.24% to 27.74% |
| Capital One Quicksilver Card | 15 months | 18.49% to 28.49% |
| American Express Blue Cash Everyday Card | 15 months | 19.49% to 28.49% |
| Citi Simplicity Card | 12 months | 17.49% to 28.24% |
Be Aware of When the Introductory Term Ends
After the introductory rate ends, interest rates on the Bilt credit cards, like those on many other cards, will rise based on the consumer’s credit score and benchmark interest rates.
After 12 months, the 10% introductory APR for Bilt cards will increase to a variable APR from 26.74% to 34.74%. Many credit cards have a variable APR, which means their interest rate can fluctuate with changes in the market or an index, such as the federal funds rate.
As of November 2025, the average credit card interest rate was 20.97%, according to the Federal Reserve’s most recent data.
After the introductory period ends, any remaining balance or new purchases will be subject to the variable interest rate. Consumers can transfer their outstanding debt to another credit card with a 0% APR introductory period, or pay off their debt before the period ends to avoid their balance growing.
