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New Millennium Bank Secured Gold Visa® or MasterCard®

Offered by: New Millennium Bank

15 comments | Comment on this offer

Details

Purchase Intro Rate	N/A
Purchase Intro Period	N/A
Balance Transfer Intro Rate	N/A
Balance Transfer Intro Period	N/A
Regular APR	19.5%
Balance Transfer Rate	N/A
Cash Advance Rate	*
Annual Fee	$59
Late Fee	See Terms*
Cash Advance Fee	See Terms*
Balance Transfer Fee	See Terms*

New Millennium Bank Secured Gold Visa® or MasterCard® features:

Approved regardless of credit history
Credit limits up to $10,000*
Reports to all 3 bureaus
Get cash at over 740,000 ATMs
No credit check

* Terms and conditions apply.

Additional Details: Click here for Additional Details (Will launch in a new browser window)

See the online Provider's credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Take Offer Now" button, you can review the credit card terms and conditions on Provider's website.

Comments

15 Total Comments

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A secured card. kind of useless.

WhiskeyR 1 year ago

If you can get approved for a unsecured card, then this is not a good deal. However if you have poor credit and want to build a credit history, this is very useful. As with everything, it is important to find the right product for your specific situation.

CK Moderator

Secured cards are NOT useless -- they're a fabulous way to build or rebuild credit. Hey, this is reality folks -- building credit WILL COST YOU MONEY. Period. You just plain cannot build a good (700+) credit score without it costing you money! You need to borrow money and prove you can pay it off -- but it's a Catch-22: if you don't already have good credit, then your new credit will be very expensive, until you can prove you have good credit by making payments over a long time. It takes YEARS to build good credit -- and since thanks to Obama, you cannot now get a credit card if you're under age 21, you've gotta start as soon as you're old enough to build credit. And it'll cost you!

brockdog 7 months ago

NM also requires a LOT of fees. Their worst card I've seen yet has fees just for using onlink banking, and another fee for calling customer service. In this day and age, I would rather just not bother with credit at all if you have to accept terms like that.

christoofar 1 year ago

What I recommend is check with a Federal Credit Union bank. Basically open up a checking account and apply for a secured credit card. What they do is hold a small amount of your funds (let's say persay $240.00) and you have a balance of like $43.00 but here is the great deal about Credit Union Banks...they hold $200 of it for protection, but its still yours...make a payment to bring that balance back up to date. So think of it this way-Your paying off your own money (which will get returned back) and you will help your credit at the same time. Millenium and First Premiere I don't recommend at all!!! Try a Federal Credit Union bank instead. Good luck.

Varaa23 1 year ago

Nice idea -- but it's not a "Federal Credit Union Bank" -- a Credit Union is totally different from a Bank. Credit Unions are owned by their members, not by Wall St. shareholders -- so you always get MUCH better rates! And, at a credit union, you can get what's called a "share secured loan" that's usually at a really low interest rate -- same sort of thing as a secured credit card, but a whole lot cheaper. (I have one currently, and I'm paying 2.75% interest -- AND it reports to the credit bureaus and has been increasing my credit score.) Google "credit union" and your city to find a credit union near you. they're great!

brockdog 7 months ago

but if you have bad credit you cannot get a bank account or credit union account so these card could be helpful. Either way it is going to cost money so why not get both the mastercard and the visa and have both cards reported to 3 major credit bureaus every month and get you score high enough to just get a small loan from a loan company pay the cards off and then pay the finance company off and you have built really good credit which allows you to move on to bigger things like a car and then a house.

luvbugsdaddy 5 months ago

yes you can open a bank account with bad credit

westanthony 4 months ago

Good point Varaa23, and Chase jpmorgan does the same,they open an account for you, they don't let you use checksbut they give you a VISA debit card,you can use it like any other card,but they keep 100 dollars balance for a year,it,s your money,appears in your balance,but just cant have for a year

carlosbanega 1 year ago

Chase doesn't offer a secured card anymore. The best one out there right now is Orchard (HSBC).

kebtucky 7 months ago

yes they do. my boyfriend almost got one at Chase but i added him to my account which is a Chase Checking to bypass the credit check and avoid this.

KyleesMomma 7 months ago

Chase does NOT offer a secured card anymore. You have your facts all confused.

RealTing 7 months ago

I got an orchard card and I love it - I have a bankruptcy and they approved me. They report every month to all three credit agencies. I havent had any problems with them and their customer service is really nice.

alogia67 6 months ago

This is a complete rip off. They are not helping you to rebuild your credit but instead taking money out of our pockets to help themselves.

Nik30 7 months ago

it is not a rip off. they give you card that you have to put money on on top of the fees they charge to help you build credit by paying bills ontime. even if you dont put money on it, you will still be stuck with the fees they charge wich in return to you, you are beeing considered " paying your bills on time".

you get what they give which is "building you credit".

plymaro 6 months ago

I have been so terrible with credit because I simply do not have the income, that I do not mess with any credit cards. I know right now that I cannot pay them back. Therefore, I do not dive in. :-) When I land the job that I am aspiring, I will have the money to start over. I think a lot of us think that credit is "extra money". It's not. It's YOUR money and then some that YOU have to pay back. The best way to go is without credit cards. If you don't have the cash to pay for it, don't get it. I'm referring to credit cards. It's obvious most people need credit to purchase a house or sometimes a car, but throw the credit cards AWAY!

Amantim 4 months ago

Comment On This Offer

Credit Score Approval Data

Ideal for those with Very Poor Credit:

566

AVERAGE Credit Score Approved for this Card

492

LOWEST Credit Score Approved for this Card

† Credit Karma members have received approvals with these credit scores. Please note that because other factors such as income and employment status can affect credit card approval, these are only guidelines and approval is not guaranteed.