Advantages:
Features Accident Travel Insurance: If you’re looking for a high limit secured card with the extra benefits of $100,000 of Travel Insurance, the New Millennium Bank Secured Black Diamond Visa or MasterCard makes a great choice.
Rebuilds Your Credit: Like the other New Millennium secured cards, this card helps your bad credit by reporting your payment history to the 3 major reporting bureaus.
High Secured Credit Limit: This secured card gives you the benefit of a high $10,000 credit limit.
Disadvantages: There is no grace period for new purchases
New Millennium Bank Secured Black Diamond Visa or Mastercard Advertised Features:
NMB is now offering the 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.
- 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.
*Find more secured credit cards. Click here for free articles tips on choosing a credit card for bad credit*
Summary of Important Terms & Conditions:
I’ve listed the key features credit experts advise you to study carefully. In an effort to provide you with the most accurate information, I update my website monthly. However banks update their terms and conditions periodically so for a comprehensive listing of the latest terms and conditions, click on the card image below.
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Annual % Rate: 19.5% for purchases and cash advances
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Other APR: -0-
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Annual Fee: $59
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Grace Period: None
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Deposit Requirement: Initial Minimum deposit can as low as $300 to as high as $5,000 per card.
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Activation Fees: -0-
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Application Fees: $99.95 for one card; $129.95 for both Visa and Mastercard
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Processing Fees: -0-
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Reports to 3 Major Credit Bureaus: Yes
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Method of computing Balance for Purchases: Average Daily Balance (including new purchases)
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Minimum Finance Charge: $0.50 per month
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Calculation of Finance Charge: Average Daily Balance
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Cash Advance Fee: 2% of advance (Min $1, Max $20)
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Balance Transfer Fee:
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Late Payment Fee: $20
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Over the Limit Fee: $20
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Returned Item Fee:
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Telephone Payment Fee:
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Option to Convert to Unsecured Status: N/A
If you’re looking for a secured credit card with a low annual fee, high secured limits, and great benefits, this New Millennium Bank Secured Black Diamond Visa or Mastercard is what you’re looking for. Click on the link below and apply now to get your own card.
*Find more secured credit cards.
Click here for free articles tips on choosing a credit card for bad credit*
About New Millennium Bank
New Millennium Bank currently has two offices to serve its customers at 57
Livingston Avenue, New Brunswick, NJ and 695 Hamilton Street, Somerset, NJ.
The Bank offers a full range of Internet banking services to support its
retail and commercial customers. In addition to its active and creative
commercial lending department, New Millennium Bank is a Nationwide Preferred Small Business Administration (SBA) Lender, lending primarily in New Jersey, New York and Pennsylvania. New Millennium Bank also offers secured credit cards throughout the United States to help individuals re-establish their credit.
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