|
Issued by New Millennium Bank Categories: Secured
|
 |
Overall Rating
Benefit Rating
|
The New Millennium Bank Gold Visa® / MasterCard®, issued by New Millennium Bank, is designed for those with limited or poor credit who may be having a difficult time in obtaining a standard unsecured credit card. Most often, secured credit cards do not have any additional perks or benefits; however, this card does provide several benefits including auto rental insurance, up to $100,000 in travel accident insurance, and an extended warranty for purchases. Although the APR that is applied to purchases is above average for a secured card, this card does apply interest to the deposit amount required to secure the account, which is a nice benefit. This card also has a no credit check and a no turn-down policy. There is an annual fee of $59, which is slightly above average for a secured card, as well as a one time processing fee of $69.95 ($99.95 if the applicant would like to be issued both a Visa® and a MasterCard®). It is important to note that a major drawback to the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. Therefore, those who do not mind accumulating finance charges once a transaction is posted and can afford the $300 minimum deposit will benefit most from what the New Millennium Bank Gold Visa® / MasterCard® has to offer.
Most Attractive Feature(s): No credit check for new applicants; guaranteed approval.
Least Attractive Feature(s): No grace period; annual fee.
Additional Perks
Up to $100,000 in travel accident insurance.
Emergency cash replacement.
Auto rental insurance.
Extended warranty for purchases.
See website for additional benefits.
Rates & Fees
- Introductory Rate: No Introductory Rate Available
- Introductory Rate Details:
- Grace Period: None
- Applied Towards: None
- APR (Purchases) %: 19.5
- APR (Cash Advances) %: 19.5
- Finance Configuration: Average Daily Balance (including new purchases)
- Annual Fee: $59
- Additional Cardholders: $12.95
- Application Fee:
- Minimum Credit Limit: $300
- Maximum Credit Limit: $5,000**
- Late Payment Fee: $20
- Over-The-Limit Fee: $20
- Cash Advance Fee: 2%, $1 minimum, $20 maximum
- Balance Transfer Fee:
- Important Notations: No credit check or turndowns.Reports to all three major credit bureaus.No employment verifications.**The maximum credit and deposit limits of $10,000 are based on the applicant's approval for both the Visa® and the MasterCard®, otherwise the maximum credit and deposit limits are $5,000 per card.***Application fee is $69.95 for either a Visa® or MasterCard® account OR $99.95 for both a Visa® and a MasterCard® account.See website for complete terms and conditions of card usage and application disclosure.
* See the online credit card applications for details about Terms and Conditions of offer.
Note: The credit card information is believed to be accurate during the update. However, all information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions Statement that accompanies the credit card application. When you click on the " Apply " button you can review the credit card Terms and Conditions on the credit card issuer's web site.
 |
|
 |
- No Annual Fee for the First Year - $125 Thereafter
- Earn 10,000 Membership Rewards® Bonus Points After Your First Purchase with the Card - Redeemable for a $100 Gift Card
- No Pre-Set Spending Limit
- The Membership Rewards Program® - Earn 1 Membership Rewards® Point for Virtually Every Dollar You Spend. You can Redeem Points for Your Choice of Truly Exceptional Travel, Shopping, and Entertainment Rewards
- Gold Card Events - Exclusive Access to Tickets for Select Concerts, Shows, Major Sporting Events, and More in Cities Nationwide
- Global Assist® Plus Hotline and Many More Benefits Included
- Express Approval. Get a Decision in Less than 60 Seconds
|
|
| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
| n/app |
Not Available |
$125** |
No Introductory Rate Available |
|
|
- No Annual Fee for the First Year - $95 Thereafter
- Earn 5,000 Membership Rewards® Bonus Points After Your First Purchase With the Card -- Redeemable for a $50 Gift Card
- The Membership Rewards® Program also Lets You Transfer Points to 11 Frequent Flyer Programs: 1 Point = 1 Frequent Flyer Mile or Frequent Guest Credit for Most Programs
- Purchase Protection Plan Protects Eligible Purchases Made with the Card Against Accidental Damage and Theft for up to 90 Days from the Date of Purchase
- Many Other Travel and Shopping Benefits
- No Pre-Set Spending Limit
- Express Approval. Get a Decision in Less than 60 Seconds
|
|
| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
|
|
$95** |
No Introductory Rate Available |
|
|
Save This Page
