- 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
Introductory APR Info
Regular APR
Annual Fee
No Introductory Rate Available
19.5%
$59
Card Review
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.
Additional Card Details
Overall Rating
5 Stars
Benefit Rating
5 Stars
Issuer
New Millennium Bank
Card Type
MasterCard
Card Status
Standard
Important Notations
*The co-applicant processing fee is $10. The rush processing fee is $10. Application processing fee for two cards is $49.
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
$35*
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
See website for additional benefits.
