We, the people, call on U.S. Congress to pass the "Cap on Credit Cards" legislation, proposed by Senator Sheldon Whitehouse (D-RI) to show our protest against credit card companies that impose high interest rates on debt. 73% of American families tied in credit cards and continue to pay over 15% of the money they borrowed. That is more than a "street shark" would charge on a loan. How do we stop it? We use democratic process. We sign a petition. Please join us as we are fighting for your right to never be charged 29.99%*
29.99% is a rate that credit card companies typically start charging your account if you are late with your payment, even if by an accident. That's $435 on a $1500 credit limit to which you were lured with zero interest rates.