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The New Millennium Bank Secured
Platinum 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 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. 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. 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 Platinum
VisaŽ/MasterCardŽ has to offer.
- Get Approved for Up To
$10,000 in Secured Credit
with No Credit Check
- Free Companion Airfare
- Membership in
TheWorldsBestTravelClub.Com,
which Offers Cardholders a
$69 Cash Rebate on Their
First Condo Booking
- Guaranteed Issue
- Credit Amount Equals the
Deposit
- Complimentary Online
Services for Account
Management and Payments
- Be Approved Regardless
of Income or Credit History
- Reports to the 3 Major
Credit Bureaus
Apply Now!
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