United CEO: 10% Credit Card Cap Would Hit Rivals Harder

United Airlines CEO Scott Kirby said Wednesday he thinks the carrier would see little impact if the Trump administration’s proposal for a 10% interest rate cap on credit cards happens.

“I’d say that while much remains uncertain, of course, United’s portfolio would be impacted. But in our view, it would be impacted a lot less than just about everybody else,” he said during a call with analysts. 

Kirby added that MileagePlus credit cardholders tend to have higher credit scores and don’t default on payments.

“These factors make us different than most non-airline co-brand programs and maybe even a lot different from a lot of other airline co-brand programs,” he said. 

United has been in “constant contact” with its partner Chase about the issue, Kirby said.&n