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NMB Secured Black Diamond Visa® or Mastercard®
Ongoing APR: 19.50%
Annual Fee: $59.00
Cash Advance APR: 19.50%
Cash Advance Fee: 2% (min. $1, max. $20)
Grace Period: None
Reward Program: Travel Offers
Late Fee: $20.00
Overlimit Fee: $20.00
Total Initial Charge: $99.95
Issuer: New Millennium Bank
New Millennium Bank is now offering secured Black Diamond Visa® and MasterCard® credit cards for those individuals with less than perfect credit. With credit lines secured by their savings account in amounts between $300.00 and $5,000.00, these cards can be used just as you would any credit card at over 10 million establishments worldwide. People CAN apply to get both cards and they can even add a co-applicant name and get additional cards.
*See Rates, Fees & Other Terms.
DIAMOND BENEFITS
Your card carries these additional Diamond benefits:
- Emergency Cash Transfers,
- $100,000 Travel Accident Insurance,
- Auto Rental Insurance,
- Extended Warranty Protection.
CREDIT BUILDER PROGRAM
The Bank offers two platinum, secured cards as our way to partner with our customers as they establish new credit or rebuild damaged credit.
A secured card is very simply a credit card that is secured by your deposit in an interest earning savings account. Unlike a debit card which is linked to a checking account and does not report to the credit bureaus, your secured card is seen as a credit card and only you and the bank know that it is secured by your funds in the bank. Each month, the bank will report to the 3 major credit bureaus, so by managing your account and making your monthly payment on time, this is the surest way to build or re-build your credit.
Choose two cards, and you not only can increase your total credit line, but by paying two cards on time each month, your credit will build more quickly. The best part is that your deposit will earn interest all the while.
New Millennium Bank has helped thousands of people get their Visa® and/or MasterCard® through our unique, national secured credit card program. New Millennium Bank is known for excellence such as:
- An established track record of trust and safety.
- Rated 4 stars (Excellent) by Bauer Financial Services.
- Passes stringent annual reviews by federal and state regulatory groups responsible for the safety and soundness of the national banking system.
- Deposited funds are insured up to $100,000 by the Federal Deposit Insurance Corporation (FDIC).
BUILD YOUR CREDIT relationship with your New Millennium Bank secured Platinum credit card account. You'll enjoy these valuable benefits when you make your payments on time: a solid credit history on your account and the ability to request credit line increases at any time with an additional deposit.
NO CREDIT CHECK REQUIRED NMB verifies only your age, social security number and residence. We verify this information through a third party source. They do not consider your credit history in connection with your application.
DOUBLE YOUR MONEY BACK GUARANTEE YYou will be approved if you meet the Guaranteed Approval Requirements below. In addition, to show our confidence in this offer, NMB will pay you double the processing fee back per the Double Money Back Conditions below in the unlikely event of your not being approved for this offer.
What is a Fully Secured Credit Card?
Secured Cards are an excellent way to establish a positive credit history and are designed especially for people with no credit history, or who have experienced past credit problems. New Millennium Bank secured credit cards look and work like any other credit card. The only difference is that a savings account is established to open the secured credit card account. The savings account serves as collateral for the credit card. Your credit card is reported to the three major credit bureaus, the same as all credit cards are, we pay you a generous interest rate, and there are no monthly activity fees.
The above information is brought to you by this website and New Millennium Bank is not affiliated with it and does not endorse, nor guarantee, nor is responsible for this information.
See web site for complete terms & conditions
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