Credit Card Details

The New Millennium Bank Black Diamond Visa®/MasterCard®, issued by New Millennium Bank, is designed for those with limited or poor credit who may be having a difficult time in obtaining a standard unsecured credit card. Most often, secured credit cards do not have any additional perks or benefits; however, this card does provide several benefits including auto rental insurance, up to $100,000 in travel accident insurance, and an extended warranty for purchases. Perhaps the best benefit is the free companion airline ticket, which is awarded to the cardholder after they have been approved for the card. Applicants also have the chance to participate in a referral program that rewards cardholders with up to $50 per approved referral. Although the APR applied to purchases is above average for a secured card, this card does apply interest to the deposit amount required to secure the account, which is a nice benefit. This card also has a no credit check and a no turn-down policy. There is an annual fee of $59, which is slightly above average for a secured card, as well as a one time processing fee of $149.95 ($199.95 if the applicant would like to be issued both a Visa® and a MasterCard®). It is important to note that a major drawback to the card is that there is no grace period for purchases. This means that interest will be applied immediately to any charges made with the card. Therefore, those who do not mind accumulating finance charges once a transaction is posted and can afford the $300 minimum deposit will benefit most from what the New Millennium Bank Black Diamond Visa®/MasterCard® has to offer.

Most Attractive Feature(s): No credit check for new applicants; guaranteed approval; free companion ticket upon enrollment.
Least Attractive Feature(s): No grace period; annual fee.

Additional Perks

Access to the referral program to earn up to $50 per referral.
Up to $100,000 in travel accident insurance.
Emergency cash replacement.
Auto rental insurance.
Extended warranty for purchases.
Lost luggage reimbursement.
Personal identity theft assistance.
Hotel and motel burglary assistance.
Free companion airline ticket upon enrollment.
See website for additional benefits.

Rates & Fees