The world's most dangerous credit card - flexible foe or friend in time of need?

Beware the credit cards that charge outrageous interest rates, that charge you interest on interest, offer no interest-free periods, dangle expensive credit card cheques in front of you, require minimal (2%?) monthly repayments and extend your credit limit every time you get close to busting it - they may be flexible but they're not your friends!

How about a credit card with an interest rate of 49.9% APR, no interest-free period and a credit limit of as little as £250? It gets worse: default charges of £20 for missed or late payments, even after the Office of Fair Trading (OFT) has declared that there needs to be a good reason for charging anything over £12? Could this be the worst credit card in the country?

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