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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Vawn HimmelsbachTue, February 24, 2026 at 3:00 PM GMT+1 5 min readPresident Donald Trump is proposing a change that could have a knock-on effect on your credit card rewards, making your points worth less.With bipartisan support — including from Sen. Bernie Sanders — Trump is proposing capping the interest that credit-card companies can charge at 10%. That’s more than a 50% reduction of the interest many companies currently charge (1).On the upside, as the Urban Institute notes, it could dramatically reduce borrowing costs for millions of Americans (2).But as CNBC Make It notes, it could also impact the value of points millions of Americans collect on their reward cards (3).As NerdWallet reports, if the 10% interest rate cap becomes law, reward-card issuers may devalue their points to make up for lost interest revenue (4).Trump’s proposal is an example of the kind of thing that can change the game when it comes to rewards, Nick Ewen, senior editorial director at The Points Guy, told CNBC Make It.“You don’t know what the future is going to hold,” Nick Ewen, said, noting that stockpiling points “can really come back to bite you if something changes significantly in the program that you are holding them in.”Here are the 2 big reasons Ewen cautions against hoarding large stashes of unused credit card points.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPTurning 50 with $0 saved for retirement? Most people don’t realize they’re actually just entering their prime earning decade. Here are 6 ways to catch up fastRegardless of what happens with Trump’s proposal, the fact is that credit card and other reward programs can change their redemption policies at any time, devaluing the value of your rewards.That means your points are worth less over time, especially when you factor in inflation.For example, CNBC noted that last year World of Hyatt made it harder to book some of its properties on points by shifting hotel tiers.Meanwhile, Southwest Airlines reduced how many points you get per dollar on certain fares (5).So if it seems like you need more points to make a redemption these days, it’s not your imagination. It’s ‘pointsflation.’In fact, inflation itself is another challenge.Millions of Americans treat their credit card rewards like cash savings, assuming they’ll gain in value over time or that they’ll never expire.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,948.75 -11.00 (-0.16%)Dow Futures49,446.00 -88.00 (-0.18%)Nasdaq Futures25,304.50 -77.50 (-0.31%)Russell 2000 Futures2,666.60 -1.10 (-0.04%)VIX17.93 -1.62 (-8.29%)Gold5,207.20 -19.00 (-0.36%)Trending tickersNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)BTC-USD Bitcoin USD 68,393.52 +2,432.88 (+3.69%)CRM Salesforce, Inc. 191.75 +6.33 (+3.41%)IONQ IonQ, Inc. 33.59 +1.97 (+6.23%)SNOW Snowflake Inc. 169.21 +8.15 (+5.06%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 46.51 +13.04 (+38.96%)CRCL Circle Internet Group 83.14 +21.77 (+35.47%)CAVA CAVA Group, Inc. 85.67 +17.87 (+26.36%)CCC CCC Intelligent Solutions Holdings Inc. 6.34 +1.28 (+25.30%)ECG Everus Construction Group, Inc. 130.10 +25.89 (+24.84%)Top losersIBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)LUNR Intuitive Machines, Inc. 15.89 -3.01 (-15.93%)DEO Diageo plc 86.15 -15.99 (-15.66%)GDDY GoDaddy Inc. 79.12 -13.18 (-14.28%)FSLR First Solar, Inc. 210.12 -33.09 (-13.61%)Most activeNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)PLUG Plug Power Inc. 1.9100 0.0000 (0.00%)IBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)INTC Intel Corporation 46.88 +0.76 (+1.65%)ONDS Ondas Inc. 10.30 -0.10 (-0.96%)Top economic eventsEarnings eventsMy earnings eventsEarnings events