New Millennium Bank Secured Gold Card
Even if you’ve been denied credit cards in the past, you can get a Gold card from New Millennium Bank. The New Millennium Bank Gold Visa/MasterCard is a card designed for individuals who have been unable to get an unsecured credit card due to their poor credit scores or limited credit histories.
The New Millennium Bank Gold Visa/MasterCard is a secured credit card with a very low annual fee when compared to other secured cards, a reasonable, one time processing fee to get your account started, and a low minimum deposit. There is no credit check and no one is turned down for the card provided they pay the annual fee, processing fee and make the minimum deposit to open the account.
You have the option of obtaining both a New Millennium Bank Gold Visa and a Gold MasterCard if you want one of each card for the same account- the annual fee is slightly higher to accommodate having both cards but might be worthwhile if you know some of your shopping locations only accept one or the other.
While most secured credit cards don’t offer any benefits like the traditional, unsecured credit card, the New Millennium Bank Gold Visa/MasterCard offers a variety of travel benefits and perks that are typical of any Gold level credit card. One of the best benefits of the New Millennium Gold credit cards is having up to $100,000 in travel accident insurance when you purchase your travel arrangements on your Gold card- and auto rental insurance coverage.
The downside of the New Millennium Bank Gold Visa/MasterCard is that cardholders don’t receive a grace period for interest free purchases. As soon as you make a purchase with the card, you will be hit with finance charges. So in order to make the best of this unsecured credit card, you’ll need to quickly pay off each of your purchases to avoid extensive finance charges.
* Terms and conditions apply.