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Bilt’s new credit cards to feature 10% interest rate, answering lawmakers’ pleas

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Bilt CEO Ankur Jain said the company was deciding to cap its interest rates on credit cards for one year to meet the ‘bipartisan call for a solution’ on affordability. Silicon Valley fintech giant Bilt announced an overhaul of its credit cards on Wednesday, which notably will include an introductory rate on all card users’ interest rates at 10% for one year.