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New Millennium Bank Gold Visa®/MasterCard®
Issued By: New Millennium Bank |
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No Credit Check
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Get Cash at Over 740,000 ATMs
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Reports to All 3 Bureaus
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Credit Limits Up To $10,000
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Approved Regardless of Credit History
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CreditCard49 Rating
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Intro APR |
Intro APR Period |
Regular APR |
Annual Fee |
Intro Good On |
Credit Needed |
NA |
NA |
19.500% |
$59.00 |
None |
Good |
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Card Info Last Reviewed 2007-04-12 |
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Our Review
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.
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.
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.
View Website Details
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