New Millennium Bank Black Diamond Visa®/MasterCard®
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Key Features
- Get Approved for Up To $10,000 in Secured Credit with No Credit Check
- Reports to the 3 Major Credit Bureaus
- Guaranteed Issue
- Be Approved Regardless of Income or Credit History
- Credit Amount Equals the Deposit
- Complimentary Online Services for Account Management and Payments
- Free Companion Airfare
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Issued by the New Millennium Bank, the New Millennium Bank Black Diamond Visa / MasterCard is available to individuals without credit or with poor credit. It is a secured credit card that offers a solution for people who are unable to get an unsecured credit card.
While the New Millennium Bank Black Diamond Visa / MasterCard requires an annual fee and a deposit to secure the use of the card, it also offers a range of benefits that most secured credit cards do not offer their cardholders.
When you use the New Millennium Bank Black Diamond Visa / MasterCard, you’ll be entitled to auto rental insurance and travel accident insurance up to $100,000. Your purchases will be covered with an extended warranty, also.
Once approved for the Black Diamond Visa or MasterCard, you’ll receive a free airline ticket for a travel companion! The card also entitles you to free membership in TheWorldsBestTravelClub.com, and provides you a $69 cash rebate when you book your first condo with your card, as well as a variety of other travel related services and benefits.
Despite the annual fee that tends to be a little higher than other secured credit cards, the New Millennium Bank Black Diamond Visa / MasterCard offers cardholders many benefits that make up for the higher fee. Your deposit used to secure your credit card earns interest, as well- a very nice additional benefit that you won’t find on the majority of secured cards.
Most credit cards offer a grace period on purchases, meaning if you pay the purchase back within the specific time period you do not accrue finance charges or interest on that purchase. The New Millennium Bank Black Diamond Visa / MasterCard does not offer a grace period, so in order to benefit most from this card you must be prepared to pay your purchases off as soon as possible to limit the amount you are spending in fees. Review Date: 5/7/2007
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