Leah
Chino Hills,#2Consumer Comment
Wed, December 01, 2004
My husband also received a letter from New Millennium Bank, and we decided to come to this website to check out the company. I have read many complaints stating that people didn't know it was a secured card and that there were added fees. My suggestion... READ THE PAPERWORK!!! There is nothing hidden in the letter that we received. It clearly states "Your credit line will be equal to and secured by your interest bearing New Millennium Bank savings account." It also states (on the back under CREDIT LIMIT), "Your credit cards will have a credit limit of $300.00 to $5,000.00 per card. You determine your credit limit by the amount you deposit in your collateral savings account with New Millennium Bank. MINIMUM DEPOSIT IS $300.00, maximum deposit is $5,000.00 per card." I am sorry for those of you that felt this was a scam, but next time, read THE ENTIRE LETTER!