Brazil credit card interest rates reach over 435% annually

Credit card revolving interest rates in Brazil have reached significant levels, with data from the Central Bank showing annual rates as high as 435.9% in February 2026 and approximately 442.44% in June 2026. For a debt of R$ 2,000, a monthly interest rate of 15.13% can add over R$ 300 in costs within a single month.

To mitigate these costs, private sector employees (CLT) may consider payroll-deductible loans, known as 'Crédito do Trabalhador'. This modality, modernized by Law 15.179/2025, allows for digital contracting through a unified platform using biometrics and eSocial integration. While a poor credit score at Serasa is not an automatic barrier, approval depends on financial institution analysis and active employment status.

Regulations since January 2024 mandate that interest and charges on revolving credit and installment plans cannot exceed 100% of the original financed amount. Additionally, consumers are prohibited from remaining in the revolving credit mode indefinitely; after approximately 30 days, the balance must be settled or migrated to another credit modality.