Trump’s 10% Credit Card Cap Would ‘Upend’ Industry, Delta CEO Says

Key Points

• Delta CEO Ed Bastian expressed skepticism about the feasibility of President Trump's proposed 10% cap on credit card interest rates, citing legislative and industry challenges.
• Bastian warned that such a cap could limit access to credit for budget-conscious consumers and disrupt the credit card industry.
• Delta's lucrative partnership with American Express is a key revenue source, with premium credit card growth influencing both profits and route planning.

Summary

Delta CEO Ed Bastian voiced doubts about the practicality and potential consequences of President Trump's proposal to cap credit card interest rates at 10%, noting it would require unlikely legislative action and could disadvantage lower-end consumers by restricting credit access. Delta benefits significantly from its partnership with American Express, generating billions in revenue, and sees premium credit card sign-ups as a key driver in both its financial success and strategic route decisions.