I have been writing that interest rate charges imposed by banks in Malaysia are exorbitant and always remind you guys to pay in full. Well today I read an article that says that credit card interest rate in Brazil average 238%. Wow! That's ridiculously high.

Click here to read the article titled Developing World Developing Bubbles by John Rubino. The article was posted at www.safehaven.com.

Related : Credit Card Interest Rate in Brazil is more than 200%.