The MSUFCU Visa card above I just was granted offered me no annual fee, a 0.5% purchase rebate (so there's my points, I guess), 11% APR, and a credit line of $33,000. I could have taken a no-rebate 8.9% card instead, but I pay the balance of my foreign purchases off upon receipt each time, so that's better for me. They faxed me an app, signed and faxed back, should have the card in a few days.

There: concrete advice on how to avoid the ripoff. Hope others post, too, so many can benefit....