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

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.