Credit card companies should reduce interest to reflect the times.


Credit card companies should reduce interest to reflect the times.
The Issue
Given the current situation, I think all credit card companies should suspend the very high interest rates they charge. Reducing the interest rate to 5% or less would be a great help to those taking on debt to get through this.
Federal governments in Canada and the US have both reduced the banks cost to borrow, this Must be passed on to the consumers who need the money.

Glenn SchentagPetition Starter
11,481
The Issue
Given the current situation, I think all credit card companies should suspend the very high interest rates they charge. Reducing the interest rate to 5% or less would be a great help to those taking on debt to get through this.
Federal governments in Canada and the US have both reduced the banks cost to borrow, this Must be passed on to the consumers who need the money.

Glenn SchentagPetition Starter
Support now
11,481
Petition updates
Share this petition
Petition created on April 1, 2020

