Points Guy Says Trump’s Rate Cap Idea Ends Credit Card Heyday

For the past 15 years, Brian Kelly has helped travelers navigate the bewildering world of credit card and airline perks. A former recruiter for Morgan Stanley, he runs the Points Guy website, which has 11 million viewers each month.

Now, Kelly is worried. President Donald Trump is taking aim at the credit card industry. In mid-January he demanded a 10% capon interest rates for one year.

Trump also targeted the interchange fees that businesses must pay to banks when customers use credit cards at checkout. He did so by endorsing legislation known as the Credit Card Competition Act, ...