New Millennium Bank (NMB) is one of the nation's leading issuers of secured credit cards specializing in Visa and MasterCard credit cards which can help you establish or re-establish your credit history while enjoying the advantages of holding a major credit card.

If you have no credit history or have a bad credit history you can get your credit back on track by getting an NMB secured Platinum Visa and/or MasterCard credit card. Even if you have had bankruptcy in the past, these credit cards are specially designed to build or rebuild your credit profile.

A secured card looks and works just like any other credit card. It is simply a credit card that is secured by your deposit in an interest earning savings account. Unlike a debit card which is linked to a checking account and does not report to the credit bureaus, your secured card is seen as a credit card and only you and the bank know that it is secured by your funds in the bank. Each month, the bank will report to the 3 major credit bureaus, so by managing your account and making your monthly payment on time, this is the surest way to build or re-build your credit.

Advantages of NMB Secured Platinum Cards

• No credit check - only your age, social security number and residence are verified.
• Approved regardless of credit history.
• Credit limits from $300 to $5,000.
• Reports to all 3 major credit bureaus - TransUnion, Equifax and Experian.
• Get cash at over 740,000 ATMs.
• Emergency cash transfers.
• Auto rental insurance.
• $100,000 travel accident insurance.
• Extended warranty protection.
• Special high introductory savings rate.

Application Process

• Complete and transmit the enrollment form with your one time processing fee of $69.95 for one card or $99.95 for both cards.
• After your processing fee is paid, you will receive the documents you need to open the insured savings account(s) that will secure payment of the credit card(s). You will need to complete those documents and return them with your deposit(s).
• If you send your deposit in the form of guaranteed funds - Postal money order, MoneyGram, or bank certified check - your card will be in the mail to you with in 2 business days, if you send a personal check or any other money order there will be a 10 day hold on the funds before the card can be issued.

Qualifications

• At least 18 years of age.
• Verifiable social security number and verifiable residence.

Your credit line will be equal to and secured by your New Millennium Bank Savings account, with a minimum deposit of $300 & maximum deposit of $5,000 for each card. You determine your credit limit by the amount you deposit in your collateral savings account with New Millennium Bank. Your credit limit will be equal to the balance in your collateral savings account.

Click here to apply for a New Millennium Bank secured platinum Visa/Mastercard credit card and build or re-rebuild your credit.