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New Millennium Bank Secured Gold Visa® / MasterCard® from New Millennium Bank


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Secured Credit Card

New Millennium Bank Secured Gold Visa® / MasterCard®

Overall Rating:



New Millennium Bank Secured Gold Visa® / MasterCard®
Issued by: New Millennium Bank

Annual Fee: $59
Intro Rate: None
APR: 19.5%
Card Type Secured


CREDIT CARD REVIEWS:


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.


Other Card Specific Information


Introductory Rate None
Var Fi x Purchase Fixed
Annual Fee $59
Annual Details None
Application Fee $69.95***
Participation Fee $0
Reload Fee n/app
Inactive Fee n/app
Total First Year Fees $128.95
Type of Reward n/app
Optional Reward n/app
Optional Annual Fee n/app
Rebate Minimum n/app
Rebate Maximum n/app
Additional Rebates n/app
Rebate Details n/app
Points Per Dollar Spent n/app
Additional Points n/app
Point Details n/app
MilesPerDollarSpent n/app
AdditionalMiles n/app
MileDetails n/app
Miles Compatible With n/app
Expiration n/app
Yearly Limit 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.
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