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The New Millennium Bank Secured
Black Diamond VisaŽ/MasterCardŽ,
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 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.
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
VisaŽ and a MasterCardŽ).
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
VisaŽ/MasterCardŽ has to offer.
- No Credit Check
- Approved Regardless of
Credit History
- Total Credit Limit Up to
$10,000
- Reports to All 3 Bureaus
- Get Cash at Over 740,000
ATM's
- Emergency Cash Transfers
- Auto Rental
Insurance
- $100,000 Travel Accident
Insurance
Apply Now!
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