Happy New Year 2025

Tag: Propose

  • Planning To Propose Your Partner on Valentine’s Day 2025? 5 Creative Ways To Pop the Question to Your Loved One This Love Week

    Planning To Propose Your Partner on Valentine’s Day 2025? 5 Creative Ways To Pop the Question to Your Loved One This Love Week

    Valentine’s Day is the perfect opportunity to create a truly memorable moment with the love of your life. If you’re ready to pop the question, here are five thoughtful and romantic ways to plan a proposal that will sweep them off their feet. Propose Day 2025: From Heart-Shaped Pizza to Red Velvet Cupcakes, 5 Recipes That Can Add Flavour to Your Valentine Week Celebrations (Watch Videos).

    1. Romantic getaway proposal

    Why not combine your Valentine’s Day celebrations with a getaway to a special location? Whether it’s a cozy cabin in the mountains, a beachside resort, or a charming bed and breakfast, the change of scenery adds to the romance. Plan a surprise proposal during a scenic sunset, a candle-lit dinner, or even a quiet moment in front of a roaring fire. The setting will make the moment unforgettable.

    2. Personalized scavenger hunt

    Take your partner on a journey to reflect on your relationship. Start with a personalized scavenger hunt that leads them to places significant to your love story, where you first met, had your first date, or shared meaningful moments. Each clue can include sweet notes, photos, and memories. The final stop? You, ready to ask the big question! This type of proposal is heartfelt and creative, making it extra special.

    3. Intimate home proposal

    If you’re looking for a more private and intimate moment, consider proposing in the comfort of your home. Create a romantic atmosphere with candles, flowers, and soft music. You could even cook a special dinner or order from your partner’s favorite restaurant. This cozy, personal approach can be just as magical as an extravagant event. Plus, it allows you to focus entirely on each other without distractions.

    4. Surprise flash mob

    For those who want to go all out and make a bold statement, why not stage a flash mob proposal? Get your closest friends and family involved in a surprise performance in a public space, whether it’s a park, a mall, or a special location in the city. As the music plays and the dance unfolds, you can step forward to ask for their hand in marriage. It’s fun, exciting, and guaranteed to leave them speechless.

    5. Under the stars

    If your partner is a fan of stargazing, why not plan a proposal under the night sky? Set up a cozy blanket, perhaps with a bottle of wine or champagne, and bring some snacks. Whether you’re in a secluded countryside area or at a rooftop with a clear view, the stars will create a magical backdrop for this romantic moment. As you gaze at the constellations, ask for their hand, and share a kiss under the stars.

  • Propose Day 2025 Funny Memes, Jokes and Viral Instagram Posts: The Day in Valentine Week To ‘Propose’ to Your Love—or Just Share Memes About It

    Propose Day 2025 Funny Memes, Jokes and Viral Instagram Posts: The Day in Valentine Week To ‘Propose’ to Your Love—or Just Share Memes About It

    Propose Day- the second day of Valentine Week, where every couple on the planet is expected to show the world just how serious their love is by putting a ring on it — or at least sharing a heartfelt post on Instagram. Because if you didn’t propose on Propose Day, did your relationship really count? Or, if you’re single like the rest of us, is your existence suddenly validated by the sheer quantity of awkward proposals you can scroll through on social media? No matter which among the two you are, these Propose Day funny memes and jokes are sure to crack you up on Valentine Week. Here are the best Propose Day 2025 funny memes, jokes and viral Instagram posts. Valentine Week 2025 Calendar With Full Dates: Here’s the Date Sheet To Celebrate the Week of Love. 

    Let’s face it. Propose Day is just another excuse for social media to remind you of how utterly “perfect” everyone else’s love life is, while you’re sitting at home, swiping through dating apps wondering if “I’m too picky” is actually a legitimate reason for your singleness. Meanwhile, the couples out there are preparing to give us all major heart-eye emojis with their “unexpected” proposals, which, let’s be honest, are never that unexpected.

    Oh, but the funny memes and jokes! The memes are the real MVPs of Propose Day. Because let’s be real: for every sweet, tear-jerking proposal that you pretend not to roll your eyes at, there are a hundred memes just waiting to make you laugh through your totally non-existent love life. Anti-Valentine Week 2025 Calendar With Full Dates: What Are the 7 Days of Anti-Romance? Slap Day, Flirt Day, Break Up Day and More, Date Sheet of Self-Growth and Healing. 

    And let’s talk about those over-the-top proposals we’re subjected to online. You know the ones — the flash mobs, the public speeches, the proposals in front of 500 strangers who are definitely not filming it for Instagram. Now, Propose Day wouldn’t be complete without the usual parade of funny memes about the anti-proposal crew. These are the single people who are so done with hearing about love that they go straight for the humor. And let’s not forget the gems from the ‘commitment-phobes’ in the wild, whose take on Propose Day is simply, “I’ll commit to a pizza, but a person? I’m good.” Check out some of the best Propose Day 2025 funny memes and jokes.

    LOL

    SAME

    LMAO

    True

    THIS!!

    All in all, Propose Day is a time for everyone to get a little extra mushy, whether they’re ready for a lifetime of commitment or just posting a meme about running away from it. Whether you’re popping the big question or just watching from the sidelines with a bag of popcorn, remember: the best thing about Propose Day is that it’s all over by the next day — and the memes last forever.

    (The above story first appeared on LatestLY on Feb 08, 2025 10:46 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Propose Day 2025 Date, History and Significance: Celebrate the Perfect Moment To Express Your Love on Valentine Week

    Propose Day 2025 Date, History and Significance: Celebrate the Perfect Moment To Express Your Love on Valentine Week

    After the charm of Rose Day on February 7, Valentine’s Week continues with the second day, Propose Day, celebrated on February 8. This special day offers a unique opportunity for people to express their deepest feelings and take their relationships to the next level by proposing to their loved ones. Whether you’re confessing your love for the first time or reaffirming your commitment, Propose Day sets the stage for unforgettable moments of connection and emotion. In this article, find out Propose Day 2025 date, history and significance to celebrate the perfect moment to express your love on Valentine Week.

    Propose Day 2025 Date

    Propose Day 2025 takes place on February 8, right after Rose Day, making it the second day in the celebration of Valentine’s Week. While Rose Day focuses on giving roses to convey affection, Propose Day brings an even more significant gesture—offering an opportunity to express love in a more personal and serious way.

    Propose Day History

    The tradition of Propose Day is relatively new compared to other days in Valentine’s Week. While Valentine’s Day itself has roots in ancient history, the modern concept of Valentine’s Week, including Rose Day and Propose Day, has evolved over time, especially in countries where these celebrations gained popularity in the 20th century. The idea behind Propose Day was likely inspired by the desire to give people an organized time during the year to express their romantic intentions and officially propose to someone they care about. Valentine Week 2025 Date Sheet: Check Full List of Love Week Till Valentine’s Day To Embrace and Celebrate Love. 

    Propose Day Significance

    Propose Day is more than just an opportunity to pop the question or confess feelings for the first time. It holds significant emotional value, giving individuals the chance to take a step toward deepening their relationship. For some, it’s the day they declare their love for the first time, while for others, it might be an important milestone—like proposing marriage to a longtime partner.

    The day is symbolic of commitment, bravery, and vulnerability. Proposing is a deeply personal act, one that often takes courage and heartfelt emotion. Whether it’s a grand gesture with flowers, gifts, and a carefully planned speech, or a quiet, intimate moment shared between two people, Propose Day encourages individuals to open up their hearts and express the feelings they may have kept hidden.

    The significance of Propose Day also extends beyond romantic love. While it’s primarily associated with proposals between couples, it’s also a day when people can express admiration and affection in various forms. Some might use this day to propose new beginnings or take their existing relationship to the next stage, while others may choose to propose appreciation or thanks to friends or family members.

    (The above story first appeared on LatestLY on Feb 08, 2025 10:48 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Propose Day 2025: From ‘Pride & Prejudice’ to ‘The Notebook,’ 7 Proposal Scenes From Iconic Movies That Will Inspire You To Pop the Question (Watch Videos)

    Propose Day 2025: From ‘Pride & Prejudice’ to ‘The Notebook,’ 7 Proposal Scenes From Iconic Movies That Will Inspire You To Pop the Question (Watch Videos)

    Propose Day, celebrated on February 8, is the second day of Valentine’s Week and serves as the perfect opportunity for individuals to express their love and take their relationships to the next level. Whether it’s a new love or a long-term partnership, this day is all about making a heartfelt confession or a romantic proposal. Many use this occasion to ask for a deeper commitment, while others might relive their proposal moment or reaffirm their feelings. It’s a day full of emotions, from nervous excitement to overwhelming joy, creating memories that last a lifetime. To celebrate Propose Day 2025, here are seven proposal scenes from iconic movies that will inspire you to pop the question. Valentine Week 2025 Calendar With Full Dates: Rose Day, Chocolate Day, Valentine’s Day and More, Here’s the Date Sheet To Celebrate the Week of Love. 

    Propose Day encourages people to open up, be vulnerable, and express their affection in unique ways. Some may plan elaborate gestures, like surprise dates or carefully thought-out gifts, while others might simply speak from the heart. Propose Day is about celebrating love in all forms and honoring the importance of expressing those feelings—whether it’s asking someone to be your partner or celebrating the bond you already share. It is a key moment in Valentine’s Week, leading up to the ultimate celebration of love on Valentine’s Day.  As you celebrate Propose Day 2025, we have curated seven best proposal movie scenes that can help you propose your partner on this day. From Rose Day To Kiss Day, Check Full List of Love Week Till Valentine’s Day. 

    1. ‘Pride & Prejudice’ (2005) – Mr. Darcy’s rain-soaked, emotionally intense proposal to Elizabeth Bennet is one of the most iconic love confessions in cinema.

    Watch Video of Proposal Scene From ‘Pride & Prejudice’:

    2. ‘Sweet Home Alabama’ (2002) – Andrew’s dreamy proposal inside Tiffany & Co., where he tells Melanie to “pick one,” is a fairy-tale moment.

    Watch Video of Proposal Scene From ‘Sweet Home Alabama’:

    3. ‘Love Actually’ (2003) – Jamie’s heartfelt proposal to Aurélia in broken Portuguese is romantic, sincere, and absolutely touching.

    Watch Video of Proposal Scene From ‘Love Actually’:

    4. ’10 Things I Hate About You’ (1999) – While not a traditional proposal, Patrick’s public musical declaration of love for Kat is unforgettable and charming.

    Watch Video of Proposal Scene From ’10 Things I Hate About You’:

    5. ‘The Notebook’ (2004) – Noah’s passionate “It’s not over!” speech is the ultimate declaration of enduring love, making it a powerful and heartfelt moment.

    Watch Video of Proposal Scene From ‘The Notebook’:

    6. ‘Runaway Bride’ (1999) – The roles reverse when Maggie proposes to Ike, showing that love can sometimes take unexpected turns.

    Watch Video of Proposal Scene From ‘Runaway Bride’:

    7. ‘The Proposal’ (2009) – The hilarious yet heartfelt moment when Margaret confesses her love to Andrew, proving that sometimes love surprises us.

    Watch Video of Proposal Scene From ‘The Proposal’:

    These unforgettable movie proposal scenes capture the essence of love, commitment, and heartfelt emotions, making them perfect inspiration for Propose Day. Whether grand or simple, a proposal is about expressing genuine feelings and creating a moment to cherish forever. So, take inspiration from these romantic films and make your proposal just as magical!

    (The above story first appeared on LatestLY on Feb 08, 2025 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Propose Day 2025 Date in Valentine Week: Know the Significance, Importance and Celebrations of the Second Day of Love Week

    Propose Day 2025 Date in Valentine Week: Know the Significance, Importance and Celebrations of the Second Day of Love Week

    February, the month of love, is here! With Valentine’s Day on February 14, love is in the air, and the celebrations start early with Valentine Week which starts on February 7 with Rose Day and ends on February 14, with Valentine’s Day. The week-long celebrations give people an opportunity to express their love and feelings to their loved ones! The second day of the Valentine’s Week is the Propose Day. This year, Propose Day 2025 falls on Saturday, February 8. People around the world take this day as an opportunity to propose to the love of their lives, i.e. to their prospective girlfriend or boyfriend. Valentine Week 2025 Calendar With Full Dates: Rose Day, Chocolate Day, Valentine’s Day and More, Here’s the Date Sheet To Celebrate the Week of Love.

    For people waiting for the right moment, Propose Day offers a special occasion to express their feelings and take the next step in their relationship. On this day, young people give roses and propose to their loved ones and confess their feelings which they hold long to express. Although Valentine’s Day is celebrated across the whole world, Valentine’s Week is something that is celebrated only in India. In this article, let’s know more about Propose Day 2025 Date, Propose Day Significance and the celebrations related to this day. Valentine Week 2025 Date Sheet: From Rose Day To Kiss Day, Check Full List of Love Week Till Valentine’s Day To Embrace and Celebrate Love. 

    Propose Day 2025 Date in Valentine Week

    Propose Day 2025 falls on Saturday, February 8.

    Propose Day Significance

    Propose Day is the second day of the Valentine Week and is dedicated to confessing love and making marriage or relationship proposals. It is a perfect occasion for couples and those in love to express their heartfelt emotions and holds special significance for relationships, whether new or long-standing.

    In the run-up to Valentine’s Day, celebrations start a week before, beginning with Rose Day, followed by Propose Day, Chocolate Day, Teddy Day, Promise Day, Hug Day, Kiss Day, and finally, the big day- Valentine’s Day. A heartfelt proposal, whether grand or simple, becomes a cherished memory in a couple’s love story! Happy Propose Day 2025 to all!

    (The above story first appeared on LatestLY on Feb 08, 2025 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Propose Day 2025 Wishes: Meaningful Messages, Love Greetings, HD Images, Romantic Quotes and Wallpapers To Celebrate the Second Day of Valentine Week

    Propose Day 2025 Wishes: Meaningful Messages, Love Greetings, HD Images, Romantic Quotes and Wallpapers To Celebrate the Second Day of Valentine Week

    Propose Day, celebrated on February 8, is the second day of Valentine Week and a special occasion for expressing love and commitment. It’s the perfect opportunity for people to confess their feelings, ask someone to be their partner, or even take the next step in their relationship. Whether it’s a grand romantic gesture or a heartfelt confession, Propose Day is all about making emotions known and strengthening bonds. To celebrate Propose Day 2025 on February 8, here are some beautiful Propose Day 2025 wishes, meaningful messages, love greetings, HD images, romantic quotes and wallpapers to express your love to your partner. Valentine Week 2025 Calendar With Full Dates: Here’s the Date Sheet To Celebrate the Week of Love.  

    Propose Day is not limited to new love stories—it’s also a chance for couples to reaffirm their love and celebrate their journey together. Many long-term partners take this occasion to relive their proposal moments or make new promises for the future. Some choose elaborate proposals with candlelit dinners, surprise trips, or creative setups, while others prefer a simple and intimate approach, letting their words and emotions take center stage. As you celebrate Propose Day 2025, share these Propose Day 2025 wishes, meaningful messages, love greetings, HD images, romantic quotes and wallpapers. Anti-Valentine Week 2025 Full Calendar List: Know About the Funny Week Celebrated After Valentine’s Day. 

    Propose Day Wishes 

    Propose Day Wishes (Photo Credits: File Image)

    Propose Day Wishes 

    Propose Day Wishes (Photo Credits: File Image)

    Propose Day Wishes 

    Propose Day Wishes (Photo Credits: File Image)

    Propose Day Wishes

    Propose Day Wishes (Photo Credits: File Image)

    Propose Day Wishes 

    Propose Day Wishes (Photo Credits: File Image)

    Beyond traditional proposals, Propose Day is also about expressing love in different ways. Some may gift rings, flowers, or meaningful presents, while others write heartfelt letters or create personalized gestures to show their devotion. It’s not about how extravagant the proposal is—it’s about the sincerity and love behind it. The beauty of this day lies in the emotions it evokes and the lifelong memories it creates.

    As part of Valentine’s Week, Propose Day sets the stage for the romantic celebrations that follow, leading up to Valentine’s Day on February 14. Whether it’s a first confession of love or a reaffirmation of a lifelong bond, this day reminds us that love is meant to be celebrated, cherished, and expressed. No matter how you choose to propose, what truly matters is making the moment special and unforgettable.

    (The above story first appeared on LatestLY on Feb 08, 2025 06:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Propose Day 2025 Funny Memes and Jokes: These Hilarious Instagram Posts, Viral Images and Meme Templates Will Make the ‘Le Single Me’ in You Go LOL

    Propose Day 2025 Funny Memes and Jokes: These Hilarious Instagram Posts, Viral Images and Meme Templates Will Make the ‘Le Single Me’ in You Go LOL

    Propose Day is the second day of Valentine Week, and it is celebrated every year on February 8. Propose Day 2025 falls on Saturday, February 8. On this day, people express their emotions and feelings to their partners or lovers and either enter a relationship or take their relationship to the next level. It is the perfect celebration during Valentine’s Week and sets the tone for Valentine’s Day. Many propose with grand gestures like a ring, flowers, chocolates, letters, and more. Some choose simpler plans like dinner at a restaurant or a proposal at home. But the day and the celebrations also spark several memes and hilarious jokes. Add a dose of laughter to the lovely celebrations with Propose Day 2025 funny memes, jokes, Instagram reels, posts, and images. Propose Day 2025 HD Images and Wallpapers for Free Download Online: Share Romantic Messages, Sweet Wishes, Greetings and Quotes To Express Your Love on Valentine Week.

    Propose Day Memes

    LOL!

    ROFL!

    Sad Reality!

    Not the Proposal I Wanted!

    Propose Day Hilarious Jokes

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter (X), Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)

  • Propose Day 2025 HD Images and Wallpapers for Free Download Online: Share Romantic Messages, Sweet Wishes, Greetings and Quotes To Express Your Love on Valentine Week

    Propose Day 2025 HD Images and Wallpapers for Free Download Online: Share Romantic Messages, Sweet Wishes, Greetings and Quotes To Express Your Love on Valentine Week

    Propose Day is celebrated across the globe on February 8 every year. Propose Day 2025 falls on Saturday, February 8. The celebration is part of the fun-filled and exciting Valentine Week, and it is usually celebrated on the second day. On Propose Day, people express their feelings for someone they love or take the step forward in their relationship by proposing to their partner or lover. Many choose to express their emotions through grand gestures and like gifting flowers, giving a ring, go down on their knees, or just making a sincere and heartfelt confession. Many also choose to pop the big question with a dreamy proposal or by sharing a love letter. This day is all about making emotions known. Kick off the celebrations with Propose Day 2025 wishes and greetings. Propose Day 2025: From Heart-Shaped Pizza to Red Velvet Cupcakes, 5 Recipes That Can Add Flavour to Your Valentine Week Celebrations (Watch Videos).

    On Propose Day, most people choose to surprise their special someone with a lovely proposal. Some people choose spots like a beach, garden, mall, or park to make the moment extra special and memorable. Others choose to keep it simple with a call or text. Some prefer more cosy dates, like a restaurant, at home, or in a quiet place. Some people, especially the shy ones, come up with creative ways to propose through songs, videos, or memes. During this time, social media is also filled with cute, loving, romantic, and heartfelt proposal stories and messages. Celebrate the day with heartfelt messages. To help, we have curated a list of Propose Day 2025 wishes, greetings, messages, Happy Propose Day images, HD wallpapers, and quotes you can download and share with loved ones. Happy Propose Day, My Love! Propose Day Quotes and Romantic Messages To Express Your Love on the Second Day of Valentine’s Week.

    Propose Day Wishes

    Propose Day Wishes (Photo Credits: File Photo)

    Propose Day Greetings

    Propose Day Wishes (Photo Credits: File Photo)

    Propose Day Images

    Propose Day Wishes (Photo Credits: File Photo)

    Propose Day Messages

    Propose Day Wishes (Photo Credits: File Photo)

    Propose Day Wallpapers

    Propose Day Wishes (Photo Credits: File Photo)

    This Propose Day 2025, take a chance and speak your heart out! May the universe and Cupid be on your side! Whether it is through a grand gesture or a simple message, what matters the most is expressing your feelings. On that note, here’s wishing everyone a happy Propose Day!

    (The above story first appeared on LatestLY on Feb 07, 2025 01:47 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Propose Day 2025: From Heart-Shaped Pizza to Red Velvet Cupcakes, 5 Recipes That Can Add Flavour to Your Valentine Week Celebrations (Watch Videos)

    Propose Day 2025: From Heart-Shaped Pizza to Red Velvet Cupcakes, 5 Recipes That Can Add Flavour to Your Valentine Week Celebrations (Watch Videos)

    Propose Day, celebrated on February 8, is the second day of Valentine’s Week and a perfect occasion to express heartfelt emotions. It’s a day when people confess their love, propose to their significant others, or take the next step in their relationship. Some go all out with grand gestures, romantic setups, or even marriage proposals, while others prefer simple, heartfelt confessions. Whether through a heartfelt speech, a handwritten letter, or a surprise date, Propose Day is all about making feelings known and strengthening bonds. To make Propose Day 2025 even more special, try out these five recipes that can add flavour to your Valentine Week celebrations. Valentine Week 2025 Calendar With Full Dates: Here’s the Date Sheet To Celebrate the Week of Love. 

    Propose Day isn’t just for new proposals it’s also a chance for couples to reaffirm their love and commitment to each other. Many long-term partners use the occasion to relive their proposal moments or express gratitude for their relationship. Whether it’s a first confession or a reaffirmation of love, Propose Day is a reminder that love should always be celebrated and expressed openly. As you celebrate Propose Day 2025, we bring you delicious recipes that you can try to make Valentine Week celebration is even more special. Anti-Valentine Week 2025 Full Calendar List: Know About the Funny Week Celebrated After Valentine’s Day. 

    1. Heart-Shaped Pizza – A homemade or store-bought pizza shaped like a heart, topped with your partner’s favourite ingredients for a romantic twist.

    Watch Recipe Video of Heart-Shaped Pizza:

    2. Strawberry Chocolate Fondue – Fresh strawberries dipped in rich, melted chocolate for a sweet and indulgent treat perfect for sharing.

    Watch Recipe Video of Strawberry Chocolate Fondue:

    3. Creamy Pasta – A delicious plate of creamy Alfredo or pink sauce pasta, served with a side of garlic bread to set the mood for a cosy dinner.

    Watch Recipe Video of Creamy Pasta:

    4. Red Velvet Cake or Cupcakes – Soft, velvety red cake with cream cheese frosting, symbolizing love and passion.

    Watch Recipe Video of Red Velvet Cake:

    5. Champagne & Chocolate-Covered Berries – A classic pairing of bubbly champagne with chocolate-dipped raspberries or strawberries for an elegant and celebratory touch.

    Watch Recipe Video of Champagne & Chocolate-Covered Berries:

    A well-planned meal can make Propose Day even more special, adding warmth and romance to the occasion. Whether it’s a heart-shaped pizza, indulgent desserts, or a cosy homemade dinner, the right food enhances the moment of love and commitment. So, pair your heartfelt proposal with a delicious treat and create memories to cherish forever!

    (The above story first appeared on LatestLY on Feb 07, 2025 09:30 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).

  • Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%

    Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10%

    A ‘Mornings with Maria’ panel provides their reactions to the December jobs report, detailing the impact it may have on the U.S. economy.

    A new bipartisan bill introduced by a pair of senators would cap credit card interest rates in an effort to help consumers and fulfill one of President Donald Trump’s campaign promises.

    Sens. Josh Hawley, R-Mo., and Bernie Sanders, I-Vt., introduced legislation that would cap credit interest rates at 10% immediately upon the bill’s enactment into law. The cap would then remain in effect for five years.

    “During the campaign, President Trump pledged to cap credit card interest rates at 10%,” Sanders said in a statement. “Today, I am proud to be introducing bipartisan legislation with Senator Hawley to do just that.” 

    “When large financial institutions charge over 25% interest on credit cards, they are not engaged in the business of making credit available. They are engaged in extortion and loan sharking,” Sanders added. “We cannot continue to allow big banks to make huge profits ripping off the American people.”

    US CREDIT CARD DEFAULTS SOAR TO HIGHEST LEVEL IN 14 YEARS

    Credit card interest rates would be capped at 10% for five years under the Sanders-Hawley bill. (iStock / iStock)

    Hawley said in a statement that capping credit card interest rates at 10% like Trump campaigned on “is a simple way to provide meaningful relief to working people.”

    “Working Americans are drowning in record credit card debt while the biggest credit card issuers get richer and richer by hiking their interest rates to the moon,” Hawley added. “It’s not just wrong, it’s exploitative. And it needs to end.”

    Missouri Senator Josh Hawley supports TikTok ban

    Sen. Josh Hawley, R-Mo., said that credit card issuers are being “exploitative” with interest rates. (Tom Williams-Pool/Getty Images / Getty Images)

    In the last Congress, Hawley introduced a bill to cap credit card interest rates at 18%, though it died in committee without receiving a vote.

    The press release from Sanders and Hawley noted that in September the Trump campaign said: “President Trump has promised to cap interest rates at 10% to provide temporary and immediate relief for hardworking Americans who are struggling to make ends meet and cannot afford hefty interest payments on top of the skyrocketing costs of mortgages, rent, groceries and gas.”

    HOW CREDIT CARD SWIPE FEES ARE AFFECTING SHOPPERS

    Senator Bernie Sanders

    Sen. Bernie Sanders, I-Vt., accused financial institutions with high credit card interest rates of “loan sharking.” (Kevin Dietsch/Getty Images / Getty Images)

    Critics of proposals to cap credit card interest rates note that it would likely cause financial institutions to be more restrictive in extending credit and offering credit cards to borrowers with relatively poor credit scores, and potentially by reducing the credit card rewards they offer.

    “There’s no question that a credit card rate cap would have a massive impact on credit cardholders beyond just reducing interest payments,” said Matt Schulz, chief credit analyst at LendingTree. “Banks have been vocal that a rate cap, even one much smaller than the 10% cap backed by President Trump, would lead to a dramatic reduction in credit card rewards and even to reduced access to credit for those with imperfect credit.”

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    “However, it is also clear that most Americans are willing to accept both of those consequences if it means capping rates,” Schulz added, noting that a LendingTree survey from December found that two-thirds of cardholders would support a rate cap, even if it results in reduced rewards, while six in 10 support it even if it restricts access to credit for many.