According to the American Bankers Association, 21 states and the
District of Columbia have interest-rate caps for credit cards. The
other 29 states do not.
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Here are the states with their caps:
State
Interest-rate
cap
Alaska
17%
Colorado
21%
District of Columbia
24%
Florida
18%
Hawaii
24%
Indiana
21%
Kansas
14.45% to 18%
Kentucky
21%
Louisiana
No limit for qualified in-state issuers.
Limit for all other issuers is 18%.
Maryland
24%
Massachusetts
18%
Minnesota
18%
Mississippi
18% for cards with annual fees; 21% for
cards without annual fees
