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| Credit Card Review |
The New Millennium Bank Secured Black Diamond Visa®/MasterCard®, issued by New Millennium Bank, is designed for those with limited or poor credit who may have difficulty 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. Today New Millennium Bank offers a wide range of credit card. Perhaps the best benefit is the free companion airline ticket, which is awarded to cardholders upon approval. The card also offers a referral program that rewards cardholders with up to $50 per approved referral. Apply for the New Millennium Bank Secured Black Diamond Visa®/MasterCard® today and start enjoying the exclusive benefits.
Although the APR applied to purchases is high 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 no turn-down policy. Get rewards with New Millennium Bank Secured Black Diamond Visa®/MasterCard®.
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 $99.95 ($129.95 if the applicant would like to be issued both a Visa® and a MasterCard®).
It is important to note that a drawback of 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. Get detailed information about the New Millennium Bank Secured Black Diamond Visa®/MasterCard®, issued by New Millennium Bank .
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 Secured Black Diamond Visa®/MasterCard® has to offer.
Most Attractive Feature: No credit check for new applicants; guaranteed approval; free companion ticket upon enrollment.
Least Attractive Feature: No grace period; annual fee.
Apply Now For New Millennium Bank Secured Black Diamond Visa®/MasterCard®
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Note: The review
of this New Millennium Bank Secured Black Diamond Visa®/MasterCard® from New Millennium Bank was updated on August 19, 2008
*Terms and Conditions
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| Key Card Information |
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APR (Purchases): |
19.5% |
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APR (Cash Advances): |
19.5% |
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Finance Configuration: |
Average Daily Balance (including new purchases) |
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Annual Fee: |
$59 |
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Additional Cardholders: |
n/a |
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Grace Period: |
None |
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Minimum Credit Limit: |
$300 |
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Maximum Credit Limit: |
$5,000** |
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Late Payment Fee: |
$20 |
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Over-The-Limit Fee: |
$20 |
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Cash Advance Fee: |
2%, $1 minimum, $20 maximum |
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Application Fee: |
$99.95*** |
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Maximum Deposit: |
$5,000** |
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Minimum Deposit: |
$300 |
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Total First Year Fees: |
$158.95 |
| The Rewards Program
Highlights |
| Additional Highlights of Interest |
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Special Card Benefits and Features
Access to the referral program to earn up to $50 per referral.
Up to $100,000 in travel accident insurance.
Emergency cash replacement.
Auto rental insurance.
Extended warranty for purchases.
Lost luggage reimbursement.
Personal identity theft assistance.
Hotel and motel burglary assistance.
Free companion airline ticket upon enrollment.
See website for additional benefits.
Important Notes Regarding This
Offer
No credit check or turndowns.
Reports to all three major credit bureaus.
No employment verifications.
The card is not available to residents of Puerto Rico, Guam and Canada.
**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 $149.95 for either a Visa® or MasterCard® account OR $199.95 for both a Visa® and a MasterCard® account.
See website for complete terms and conditions of card usage and application disclosure.
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Apply Now For New Millennium Bank Secured Black Diamond Visa®/MasterCard®
New Millennium Bank Secured Gold Visa® / MasterCard® | New Millennium Bank Secured Platinum Visa®/MasterCard® |
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