Millennium Advantage Prepaid MasterCard®
Overall Rating |
Benefit Rating |
|
|
|
- Use Your Card at Over 900,000 ATMs and Millions of Locations Worldwide!
- No Credit Check or Income Verification Required
- No Chexsystem Check
- No Minimal Balance Required!
- Phone and On-line Account Access
- Shop and Pay Bills On-line!
|
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.
The Millennium Advantage Pre-Paid Mastercard 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 various fees associated with Millennium Advantage Pre-Paid Mastercard 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 the Millennium Advantage Pre-Paid Mastercard 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.
Review Date: 10/25/2007
Millennium Advantage Pre-Paid Mastercard
Most Attractive Feature(s): No credit checks.
Least Attractive Feature(s): Activation fee; monthly participation fee; does not help to establish a credit history.
Additional Perks
Various Internet account related services.
See website for additional benefits.
Important Notations
There is a $1 fee per call for live customer service assistance.
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
.
You may also be interested in
New Millennium Bank Secured Platinum Visa® or MasterCard®
|
