| New Millennium Bank Secured Black Diamond Visa®/MasterCard® Issued by New Millennium Bank | |||||||||
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| 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. 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. Although the APR 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 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. 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 Black Diamond Visa®/MasterCard® has to offer. | |||||||||
Review Date: 6/10/2008 | |||||||||
| Most Attractive Feature(s): No credit check for new applicants; guaranteed approval; free companion ticket upon enrollment. | |||||||||
| Least Attractive Feature(s): No grace period; annual fee. | |||||||||
| Additional Perks | |||||||||
| 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 Notations | |||||||||
| 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 $99.95 for either a Visa® or MasterCard® account OR $129.95 for both a Visa® and a MasterCard® account. See website for complete terms and conditions of card usage and application disclosure. | |||||||||
| Note: The review on this card was updated on 6/10/2008. The review is believed to be accurate during the update, however, 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. Credit card review information is provided by CardOffers.com, Inc. | |||||||||
Fast approval with good credit history , your application is handled entirely by New Millennium Bank in privacy over a secure connection once you click the link to apply below |
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