As President Donald Trump's call for a nationwide 10% cap on credit card interest rates for a year gains attention, experts tell Benzinga that while a cap may sound consumer-friendly, its real-world effects could reshape credit access, rewards and other industries.

Reward Points At Stake

Industry experts say a hard cap on annual percentage rates would likely accelerate a "K-shaped" outcome in consumer finance—where premium customers gain more value while others are left behind. Dave Grossman, founder of Your Best Credit Cards, told Benzinga that rewards could be among the first casualties.

If issuers cannot adequately price risk while swipe fees remain unchanged, Grossman said, high-end consumers could become even more valuable. "You could imagine a bifurcation of rewards where they get limited to those with premium cards and premium annual fees," he said.

Strain On The Airlines Industry?

The fallout may not stop with consumers. Grossman warned that the airline industry is deeply intertwined with card rewards economics. "Keep in mind that the airline industry is ties to the rewards industry," he said. "Without the sale of miles to banks, airlines could need a bailout."

Credit card partnerships are a major revenue source for ...