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| Credit Card Review |
The New Millennium Bank Secured Gold 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. Get details about this New Millennium Bank Secured Gold Visa® / MasterCard® here!.
Although the APR that is 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. See New Millennium Bank Secured Gold Visa® / MasterCard® Terms and Conditions.
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 drawback of the card is that there is no grace period for purchases. Get your New Millennium Bank Secured Gold Visa® / MasterCard® and enjoy the power of plastic. 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 Secured Gold Visa® / MasterCard® has to offer.. . Apply for the New Millennium Bank Secured Gold Visa® / MasterCard® from New Millennium Bank
Most Attractive Feature: No credit check for new applicants; guaranteed approval.
Least Attractive Feature: No grace period; annual fee.
Apply Now For New Millennium Bank Secured Gold Visa® / MasterCard®
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Note: The review
of this New Millennium Bank Secured Gold 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: |
$12.95 |
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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: |
$69.95*** |
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Maximum Deposit: |
$5,000** |
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Minimum Deposit: |
$300 |
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Total First Year Fees: |
$128.95 |
| The Rewards Program
Highlights |
| Additional Highlights of Interest |
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Special Card Benefits and Features
Up to $100,000 in travel accident insurance.
Emergency cash replacement.
Auto rental insurance.
Extended warranty for purchases.
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 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.
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Apply Now For New Millennium Bank Secured Gold Visa® / MasterCard®
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