Welcome to the Daily 5, our lighthearted look at the business news that amuses us.

Like you, we've been subject to outrageous credit card fees from time to time. It's a common problem: Seventeen of the 22 credit-card issuers surveyed by the non-profit group Consumer Action say they can change terms or raise interest rates anytime they choose, The Wall Street Journal reports.

Congress is considering legislation that would limit some fees and eliminate others. That's nice, but many of America's universities are in deals with card pushers to promote plastic to their students and alumni. Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) were among those named in a recent BusinessWeek investigation of the practice.

And today? We're a nation of credit junkies who use plastic to buy about-to-be-worthless trash from the local mall. Here are five semi-serious signs that you're holding the world's worst credit card. Drum roll, please:

5. The card company's CEO uses your convenience cheques to pay for his kid's braces.

4. Interest rates are so high that the neighborhood loan shark agrees to bail you out.

3. Your other credit cards refuse to accept balance transfers from it.

2. Three words: Nine-cycle billing.

And the No. 1 sign that you might hold the world's worst credit card: The logo actually reads, "World's Worst Credit Card."

At least the FTC is in the ballpark ...
When the Feds accused Stock Advisor selection CompuCredit (NASDAQ:CCRT) of deceptive marketing, Foolish colleague Rich Duprey cried foul. He's got a point. Even if you find the practice of lending to the credit-poor on rich terms abhorrent, it isn't illegal.

Still, to us, rooting for CompuCredit feels like rooting for the crook to steal the old lady's purse. That's how bad the Aspire Visa was, thankfully defunct after years of marketing by CompuCredit.

See anything we missed? Have a different take? Post your thoughts in the comments box below. And then, when you're done, get your clicks with related Foolishness:

CompuCredit is a Stock Advisor selection. Bank of America and JPMorgan Chase are Income Investor recommendations. Try either of these market-beating services free for 30 days. There's no obligation to subscribe.

Neither Tim Beyers nor Dayana Yochim owned shares in any of the companies mentioned in this article. Tim seeks the best of the tech industry as a member of the Motley Fool Rule Breakers team. The Fool's disclosure policy is the world's best disclosure policy.