- 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 ATMs
- Emergency Cash Transfers
- Auto Rental Insurance
- $100,000 Travel Accident Insurance
Introductory APR Info
Regular APR
Annual Fee
No Introductory Rate Available
19.5%
$59
Card Review
The New Millennium Bank Secured Gold 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.
Although the APR that is 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 $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 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 Gold Visa® / MasterCard® has to offer.
Additional Card Details
Overall Rating
5 Stars
Benefit Rating
5 Stars
Issuer
New Millennium Bank
Card Type
Visa/MasterCard
Card Status
Gold
Important 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.
***The application fee is $69.95 for a Visa® or a MasterCard® account; the fee is $99.95 for both a Visa® and a MasterCard® account.
See website for complete terms and conditions of card usage and application disclosure.
Grace Period
None
Minimum Limit
$300
Maximum Limit
$5,000**
Minimum Deposit
$300
Over Limit Fee
$20
Cash Advance Fee
2%, $1 minimum, $20 maximum
Balance Transfer Fee
n/app
Application Fee
$69.95***
Rebate Minimum
n/app
Rebate Maximum
n/app
Additional Rebates
n/app
Mile Details
n/app
Miles Per Dollar Spent
n/app
Additional Miles
n/app
Miles Work with FF Program
n/app
Points Per Dollar Spent
n/app
Point Details
n/app
Additional Points
n/app
Approval Bonus
n/app
First Purchase Bonus
n/app
Balance Transfer Bonus
n/app
Other Bonus
n/app
Bonus Details
n/app
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.
