New York, January 20, 2026, 18:09 EST — After-hours
Visa Inc shares fell 0.76% to $325.82 at Tuesday’s close, with trading focused on Washington’s next move on credit-card pricing. About 8.3 million shares changed hands. 1
The Trump administration had told companies to comply by Tuesday with a proposed 10% cap, or ceiling, on credit-card interest rates, but it is unclear whether it can be imposed without legislation. “For now, it’s an overhang,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management. Citigroup CEO Jane Fraser told CNBC from Davos she did not expect Congress to approve caps and warned “capping rates would not be good for the U.S. economy.” 2
The policy uncertainty landed in a broad selloff. The S&P 500 fell 2.06%, the Nasdaq Composite dropped 2.39% and the Dow slid 1.76% after President Donald Trump threatened fresh tariffs on several European nations, tying them to his push to buy Greenland. 3
Visa does not issue cards or book interest income. It makes money from fees tied to payment volume, leaving investors to weigh whether lenders would pull back credit and cool spending if a rate cap turns into a binding rule.
Mastercard shares ended down 1.44% at $531.74. The payments networks have tended to move with big card-issuing banks in this debate, even though the lenders take the direct hit from an interest-rate ceiling.
But Visa’s exposure is indirect, and any cap that needs Congress could stall, easing pressure on the stock. The bigger risk is that issuers cut limits or rewards to protect margins, slowing the purchase volumes that drive Visa’s fees.
After the bell, traders will be looking for signs the White House is ready to spell out enforcement, or whether the issue shifts to Capitol Hill and the courts. Comments from lenders on credit standards could become a tell for payments names.
Visa is scheduled to report fiscal first-quarter results on January 29, followed by an earnings call at 5:00 p.m. EST. That date is the next clear catalyst for Visa’s stock price. 4
