New US Credit Card Law 2025: Millions to Face Extra Fees Starting July
Finance News / USA News: Here’s the latest Credit Card Fees Update US July 2025. The new US credit card law takes effect from July 1, 2025. Millions of Americans will notice changes due to this update.
Washington, D.C. – The Federal Trade Commission (FTC) announced that the new US credit card regulation will start on July 1, 2025. This policy affects over 190 million credit card users in the country.
🔍 Key Changes in the Law:
All credit card issuers, including banks and private fintech companies, must comply with new rules. For example, international purchases may carry a surcharge of up to $35. Late fees will now be capped at $20, increased from $15. The Annual Percentage Rate (APR) must appear clearly on every monthly bill. Also, Two-Factor Authentication (2FA) is mandatory for transactions over $500.
📊 Why This Law Matters
Recent surveys show the average credit card debt per U.S. household now exceeds $6,000. Average APR rates have crossed 21.5%. Thanks to this Credit Card Fees Update US July 2025, many Americans might pay more hidden fees, especially if they remain unaware of these new regulations.
💬 Public Reactions
“Banks are using this to earn more while families suffer,” says Linda Matthews, a Michigan school nurse.
“This law should increase transparency. I support it if it helps clarify fees,” adds George Lin, a consultant from New York.
✅ What You Should Do Now
To avoid unexpected charges and maintain a healthy credit score, you should:
- Read the terms issued by your bank carefully.
- Avoid international transactions on cards with high fees.
- Enable 2FA for secure large purchases.
- Consider low-interest or 0% APR credit cards for better control.
Final Words
This new credit card law may look minor, but its effects on daily consumers could be significant. Whether you are a student, professional, or business owner, staying updated with financial laws helps you avoid unnecessary charges.
