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This is an HTML representation of the back page of the letter included with the solicitation from the BankCardCreditCenter web search for BankCardCreditCenter. For additional consumer information, go to the Cagey Consumer home page.

ISSUER This account is offered by BankCard Credit Center a division of New Millennium Bank ("Bank"), New Brunswick, NJ, the card issuer.
NO CREDIT CHECK REQUIRED We only verify your age, social security number and residence.
DOUBLE YOUR MONEY BACK APPROVAL GUARANTEE We guarantee you will be approved if you meet the Guaranteed Approval Requirements below. In addition, to show our confidence in this guarantee, we will pay you double the processing fee back per the Double Money Back Conditions below in the unlikely event of your not being approved for this offer.
SPECIAL HIGH INTRODUCTORY RATE ON SAVINGS You will be paid interest for your collateral savings account as follows: 6.0% interest rate on the first three months, 2.0% interest rate the next mine months, for a 3.0% Annual Percentage Yield (APY). In year two and on you are paid 2.0% APY on savings. The APY is accurate as of May, 2001. Minimum deposit to earn these interest rates is $300. Your savings account is fully insured by the FDIC.
CREDIT LIMIT Your credit cards will have a creidt limit of $300.00 to $5,000.00. You determine your credit limit by the amount you deposit in your collateral savings account with Bank. Your credit limit will be equal to the balance in your collateral savings account. Minimum deposit is $300, maximum deposit is $5,000 per card. You will be sent your confirmation and savings account materials after we receive your acceptance form and processing fee. The processing fee is a finance charge for truth in lending purposes.
BUILD YOUR CREDIT relationship with your secured Gold Credit Card account You'll enjoy these valuable benefits when you make your payments on time: a solid credit history and the ability to request credit line increases at any time.

ANNUAL PERCENTAGE RATE 19.5% APR
BALANCE COMPUTATION METHOD Average Daily Balance (including new purchases)
ANNUAL FEE $59 / yr.
OTHER FEES processing: $29 one card or $37.50 both; co-applicant $10
GRACE PERIOD FOR PURCHASES none
MINIMUM FINANCE CHARGE $0.50
LATE PAYMENT & OVER LIMIT FEES late: $20.00; over limit: $20.00
ACCOUNT TYPE Full Privilege Secured VISA Gold and Gold MasterCard
CASH ADVANCE FEE 2% of advance (min. $3, max. $20)

GUARANTEED APPROVAL REQUIREMENTS Your credit history will NOT be checked. Your approval will be based on verifying the information you supply to us regarding your age (at least 18), social security number and residence. Your approval is also based on your agreement to open an FDIC insured savings account (minimum $300-maximum $5,000) with Bank, per card. This is your money, but you pledge it to secure repayment of all credit extended through the program. If you do not open an account meeting these requirements within 60 days, this offer of credit may be withdrawn.
DOUBLE MONEY BACK CONDITIONS Upon receiving your collateral savings account funds we will verify your age, social security number and residence. If we are unable to verify this information we will withdraw this offer and refund your savings account and double your processing fee. No processing fee refunds will be made if you give us inaccurate information or if you do not send in a security deposit.
NOTICES CALIFORNIA RESIDENTS ONLY: If approved, each applicant and co-applicant will have the right to use the account to the extent of the credit limit set by Bank and each may be liable for all amounts extended under the plan to any other applicant or co-applicant.
MAINE, VERMONT AND NEW YORK RESIDENTS ONLY: A credit report may be requested in connection with your application. At your requestl, Bank will tell you whether or not a credit report was obtained and, if so, the name and address of the consumer reporting agency that furnished the report. Bank may also request credit reports from time to time in connection with any update, renewal or extension of the credit account, whenever Bank believes that such action is appropriate. New York residents may contact the New York State Banking Department to obtain a comparative listing of credit card rates, fees and grace periods. New York State Banking Department 1-800-518-8866.
OHIO RESIDENTS ONLY: The Ohio rules against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
NOTE: The cardholder agreement is between Applicant and Bank. For assistance call Customer Service at 1-732-729-4395. Cards not available in Puerto Rico, Guam and Canada. The words Visa and MasterCard are registered trademarks of VISA U.S.A. and MASTERCARD INTERNATIONAL, INC.

BCG-101-6662   Copyright © 2001 All Rights Reserved

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Revision r1.2 - 31 Oct 2001 - 09:35 by EliMantel web search for EliMantel
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