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The Next
Millennium MasterCard®, issued
by New Millennium Bank, is a
secured card designed for people
who have no credit history or
who have had problems with
credit in the past.
This secured card establishes an
interest yielding collateral
savings account on behalf of the
cardholder. Each deposit is
funded by the cardholder and is
applied to the credit limit,
which can be as much as $5,000.
Currently, the savings account
earns an APR of 3% (6% for the
first three months, 2% for the
next nine months). Because the
savings account serves as
collateral for the secured card,
cardholders will not be able to
withdraw money from the account.
The card has a fixed APR for
both purchases and cash
advances. The APR is considered
high, even for a secured credit
card. There is a $59 annual fee
that applies for this card. This
is in addition to the initial
$35 processing fee (for one
card) or a $49 fee (for two
cards). If a cardholder is
applying with a co-applicant, a
$10 processing fee will be
required. If a cardholder
requires rush processing, the
fee for that service is $10.
There are no monthly activity
fees for this card. If you are
not approved for this credit
card offer, the application fees
will be refunded.
The Next Millennium MasterCard®
is a good option for people who
need to establish credit history
with the three major credit
bureaus, while earning interest
on the amount deposited as
collateral on the account.
- Get a Full Privilege
Secured MasterCard® Credit
Card Account
- Get Approved for Up To
$5,000 in Secured Credit
with No Credit Check
- Guaranteed Approved
Regardless of Credit History
or Income
- Earn Interest on Your
Deposits
- FDIC Insured
Apply Now!
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