New Millennium Bank Secured Platinum Visa®/MasterCard®

New Millennium Bank Secured Platinum Visa®/MasterCard® issued by New Millennium Bank
	Rating:	Card Category: Secured
	Apply now for this card or read on for a full review of all the features.

The New Millennium Bank Secured Platinum 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. New Millennium Bank already offers the New Millennium Bank Secured Platinum Visa®/MasterCard® online. Perhaps the best benefit is the free companion airline ticket, which is awarded to cardholders upon approval.

The card offers a free membership to TheWorldsBestTravelClub.com, which offers discounts on a variety of travel services and provides cardholders with a $69 cash rebate on their first condo booking. New Millennium Bank has announced the New Millennium Bank Secured Platinum Visa®/MasterCard®. The card also offers referral program that rewards cardholders with up to $50 per approved referral.

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. One such card that offers these incentives is the New Millennium Bank Secured Platinum Visa®/MasterCard®. This card also has a no credit check and 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 $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. Choose the New Millennium Bank Secured Platinum Visa®/MasterCard®. 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 Platinum Visa®/MasterCard® has to offer.

Most Attractive Feature: No credit check for new applicants; guaranteed approval; free companion ticket upon enrollment; travel-related benefits.
Least Attractive Feature: No grace period; annual fee.

Apply Now For New Millennium Bank Secured Platinum Visa®/MasterCard®

Note: The review of this New Millennium Bank Secured Platinum Visa®/MasterCard® from New Millennium Bank was updated on April 1, 2009. *Terms and Conditions

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