Most Selected Credit Cards
Business Credit Card

AMEX Platinum Business Credit Card

Annual Fee: $0
Terms & Conditions

 
Rewards Credit Card

Citi Diamond Preferred Rewards Card
Annual Fee: $0
Terms & Conditions

 
Secured Credit Card

Orchard Bank MasterCard® Classic
Annual Fee: $39**
Terms & Conditions

 
Next Millennium MasterCard®
Issued by New Millennium Bank
Overall Rating

Quick Links
Apply Online for Next Millennium MasterCard®.
See other cards issued by New Millennium Bank
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.
Updated: 2009-04-01 00:00:00
 
Note: The review on this card was updated on April 01, 2009. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
Specifics
Not sure what something means? Simply click on the category name for a pop-up definition!
Card Category: Secured

Introductory Rate : No introductory rate available.

Time Period N/A.

Applied Towards :None

Introductory Rate Details : n/app

APR (Purchases) : 19.50%Fixed

Annual Fee : $59.00

Annual Details : None

Perks / Notations

Additional Perks

See website for additional benefits.

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.

Additional Information

Apply Online for Next Millennium MasterCard®.

See other cards issued by New Millennium Bank

Category: Next Millennium MasterCard® by New Millennium Bank