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Overall Rating:
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Annual Fee: |
$0 |
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Intro Rate: |
None |
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APR: |
n/app |
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Card Type |
Pre-Paid |
The Millennium Advantage Pre-Paid MasterCard®, issued by New Millennium Bank, is a stored value card designed for those who may have difficulty in obtaining an unsecured credit card.
This card requires the cardholder to make payments in advance, which are then used to offset future purchases made with the card. The card can be loaded by account-to-account transfers via the Internet, through payments sent by mail, or at load stations from authorized load partners. There is a $1 fee charged for every reload.
There are other fees associated with this card as well, including an activation fee of $99.00 and a monthly participation fee of $5.95 ($71.40 annually). In the first year alone, a cardholder can expect to pay a minimum total of $170.40 in fees.
It is important to note this card does not report cardholder transactions to credit bureaus, which may be considered a major drawback for those who are trying to establish credit.
Therefore, those who are looking for a stored value card and do not need to build credit may find the Millennium Advantage Pre-Paid MasterCard® to be a suitable option.
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Other Card Specific Information
| Applied To |
None |
| Intro Details |
n/app |
| Var Fi x Purchase |
n/app |
| Annual Fee |
$0 |
| Annual Details |
None |
| Application Fee |
$99 |
| Participation Fee |
$71.40 ($5.95 monthly) |
| Reload Fee |
$1.00 |
| Inactive Fee |
$3.00 Monthly (after 60 days of inactivity) |
| Total First Year Fees |
$170.40 |
| Type of Reward |
n/app |
| Optional Reward |
n/app |
| Optional Annual Fee |
n/app |
| Rebate Minimum |
n/app |
| Rebate Maximum |
n/app |
| Additional Rebates |
n/app |
| Rebate Details |
n/app |
| Points Per Dollar Spent |
n/app |
| Additional Points |
n/app |
| Point Details |
n/app |
| MilesPerDollarSpent |
n/app |
| AdditionalMiles |
n/app |
| MileDetails |
n/app |
| Miles Compatible With |
n/app |
| Expiration |
n/app |
| Yearly Limit |
n/app |
| Additional Perks |
Various Internet account related services.
See website for additional benefits. |
| Notations |
There is a bill payment fee of $0.75 per transaction for any bill payments made online or by phone.
There is a $.75 fee for each ATM inquiry or ATM inquiry decline.
There is a $.50 automated voice response fee each time cardholders call 1-877-868-0849 to check the card balance.
There is a call center fee of $1 per minute each time cardholders speak with a customer service representative.
There is a $9.95 card replacement fee if a card is reported lost or stolen.
See website for complete terms and conditions of card usage and application disclosure.
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Reward Credit Cards
