We have a new interest rate hike to share with you that tops anything we've previously heard…and you're not going to believe it!

A caller named Jodie sent us his credit card statement to prove an earlier claim about the terrible treatment he's been getting from his Chase MasterCard.

His 20% interest rate was raised to 64.20%!

Clark had been incredulous before actually seeing it with his own eyes. Take a look below if you're still unconvinced.

Interestingly, the consumer champ did not recommend that Jodie close the account. That would only hurt his credit score.

The whole episode reminds Clark of a recent guest editorial about payday lending that he read in a newspaper.

The author was a college professor who was arguing that if you outlawed payday lending, then you might have criminals stepping into the marketplace void and charging interest rates of hundreds of percents themselves.

The penny-pincher, however, see this as faulty logic. If you legalized murder and someone went out and killed another person, they've still killed someone, right?

It's all a matter of perspective when you get down to it. After all, Jodie's 64% credit card interest rate would be a great rate in the world of payday lending.