The World's Worst Credit Cards

May 27, 2011 - PRLog -- http://www.economywatch.com/economy-business-and-finance-news/the-worlds-worst-credit-cards.27-05.html

Credit card companies are battering consumers across the board with monstrous fees, high interest rates and disappearing rewards. If you signed up for a credit card in the past year, the chances are - you've been ripped off. Your interest rate might have gone up, had your credit limit reduced, or your credit card issuer gutted your rewards.

Bank of America told thousands of its cardholders in recent weeks — even those with good payment histories — that they faced a rate hike from 9 percent to as high as 28 percent if they didn't pay off their balances at the old rate and stop using their cards. The bank, the largest credit card issuer, since its 2006 acquisition of MBNA, says it's all part of its "periodic" review of customer credit risk, according to Forbes.

Analysts say: it's only going to get worse. Still, you may be able to get a good deal, as long as you don't chose these cards singled out by experts for being the world's worst credit cards:

Find out about the world's worst credit cards at economywatch.com

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