There are several reasons why the New Millennium Bank Visa may be the right choice for your needs. This card is designed for individuals that have poor or very limited credit. This may be a good choice for those that are new to the credit world as well. The New Millennium Bank Visa is provided by New Millennium Bank. It provides for the benefit of having the card as well as receiving benefits in rewards as well.

The Benefits

This card offers a $100,000 travel accident insurance, provides for extended warranties on purchases and provides for a free companion airline ticket. The card does not offer any introductory rates because of the amount of risk associated to the lender. The APR is that of 19.50% fixed, a decent rate to be offered. For cash advances, the APR is a fixed 19.50% one of the lowest rates available. The card uses the Average Daily Balance method of figuring finance charges which is beneficial to those that carry a balance yet it is important to note that there is no grace period with this line of credit. That means that interest accumulates from the purchase day on. There is an annual fee and an application fee as well. You will need to make a deposit to secure the card.

One of the benefits of the New Millennium Bank Visa is that you get a free membership to TheWorldsBestTravelClub.com, where you can get discounts on a variety of travel services. When you book your first condo, you get a $69 rebate for doing so. In addition, you have a referral bonus with this card at the rate of $50 per approved referral.

Those that have poor credit but would like an opportunity to earn some discounts through the use of a secure line of credit should consider the New Millennium Bank Visa. Although it provides for a bit of a costly annual fee, the APR on this line of credit is rather low. In addition, no one is turned down for the card and no credit check is run.