New Millennium Bank Secured Black Diamond Visa® or Mastercard®
If you’ve read your free credit report and determined that you need to take steps to build your credit scores, the New Millennium Bank Secured Black Diamond Visa® or Mastercard® could be just what you’re looking for.
The only requirements to obtain this card are that you must be a resident of the United States and have a valid Social Security Number, and you must be of legal age in the state of your residence.
When you carry both cards, you can have a secured credit limit up to $10,000 – and since New Millennium Bank does report to all 3 credit bureaus, every time you make payment on time, your credit score improves.
The funds you deposit for security are fully insured by the FDIC, and of course, using a credit card is much safer than carrying cash. If your New Millennium Bank Secured Black Diamond Visa® or Mastercard® is lost or stolen, you’ll enjoy freedom from liability for unauthorized charges as long as you notify us within 2 business days.
In addition, the money you’ve deposited in our savings account as security will earn interest of up to 3%.
The annual fee for this card is $59 and the application fee is $99.95 for one card or $125.95 for both. The APR for both purchases and cash advances is a fixed 19.5%. Interest is charged from the time of purchase.
When you use this card for purchases you’ll be eligible for extended warranty protection, auto rental insurance, and $100,000 in travel accident insurance.
