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The bank is charging a higher interest rate than my state allows. Which states' usury laws apply to credit card accounts?

The maximum credit card interest rate that a national bank may charge is generally determined by the law of the state where the national bank has its designated headquarters.

Under certain circumstances, a national bank may charge rates permitted by the law of a state where it has branches, even though its designated headquarters is located in another state. In both situations the rates can be charged no matter where the borrower resides.

You should review your account agreement, which is the contract governing your account, or any subsequent notifications regarding your account. These documents should provide information on which state's law will apply.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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