Insurance and Credit

A prepaid credit card is a convenience because it is an alternative to carrying cash or writing checks. The PrimaCard gives easy purchase transactions, it can be used to make free long distance phone calls, withdraw cash from ATM’s, transfer money, and pay bills.

When you deposit funds to your card it is then ready to use just like cash. You can reload it at any time and for any amount.

It can be used wherever MasterCard is accepted, including online retailers and merchants. You won’t have the hassle of writing checks or having to carry cash to cover your expenses.

Phone Calls

One of the best features is that you can use it to place free national and international long distance phone calls. There will never be a need to worry about carrying a phone card again.

When you reload it by depositing cash to the account, you earn free phone calling value. All it takes to start using your accumulated phone time is a call to our toll-free number. You then dial your long distance number and talk to your family and friends.

Reloads

You can arrange with your employer to have your paycheck deposited directly into your account. No more trying to get to your bank before it closes or waiting in long lines.

Your money will be ready to use for bills, groceries, or other necessities when you need it. You can also reload at any Green Dot Network location. The Green Dot Network includes cash locations and well known retailers, such as CVS, Walgreens and Rite-Aid.

Cash from ATM’s

If you prefer to use cash for your expenses, you can use one of the thousands of ATM’s. You will need to use a Personal Identification Number (PIN) for withdrawals.

Bill Paying

If your creditor or utility service accepts MasterCard payments, you can simply call the business and pay over the phone. Another option is to call the toll-free customer service telephone number and make payments that way. You can also make payments from your account online.

Cash Transfers

If you need to send family members cash your account can be connected to additional cards, and you can transfer funds at any time. This is a great idea if you have a college student far from home or a family member who is traveling. You can rest assured they will have access to cash immediately.

The SilverCard Prepaid Credit Card offers a alternative to typical plans that charge high fees for basic transactions and account inquiries.

How It Works

You will first deposit money into your account and then use your card to make purchases, withdraw cash ATM?s, or pay bills over the phone or online. Your balance declines as you use the card. When you need more money, you simply make a deposit to the account.

How You Can Deposit Money

One way is to have your paycheck deposited directly into onto your card. This can also be done with Government issued checks such as social security.

The direct deposit feature is free to card holders. If you choose, you can deposit money at any 100,000 retail locations. And you can add money through a wire or PayPal transfer.

How to Qualify

There is no application or approval process. Federal law requires that you supply information that will verify your identification, such as your name, address, and birth date, but there is no credit check or lengthy application to fill out.

Account Fees

While many plans charge fees for activation, transactions, overdraft protection, and balance inquiries, these services are free for card holders. However you will pay the activation fee up front but will be reimbursed through a mail-in rebate

How You Can Manage Your Account

They truly make account management simple. You can access your information online 24 hrs a day 7 days a week.

In order to help you keep track of your spending, you can sign up for free emails or text messages that include this information. You can also access this information free of charge through their automated voice response system. We strongly suggest you take advantage of these features as it enables you to live within a budget, most of the time.

You can stop writing checks every month because you can use your card to pay bills. It is accepted online and over the phone.

In sum if you are in a position where you can not be approved for a checking account or credit card. And you are paying costly check cashing fees and buying money orders then this is a great choice.

Of course we encourage you to read all the fine print on any credit card before applying.

The New Millennium Secured MasterCard is designed for those people who are looking for a card to help repair their credit score.

Have you ever used something as collateral?

This means that if you want to purchase something but don?t have the full amount of the desired item, you can set aside an item you own as collateral in the event you default on your payments.

This is what happens when you purchase a home. The home is held as collateral against the amount of money you borrow. If you default on the loan, the bank gets the house.

This card will work the same way. They require collateral against future purchases made on the card.

This is done by opening a savings account which will earn 6% interest for the first three months, then 2% interest thereafter. The savings account is insured by the FDIC up to $100,000.

It works just like an unsecured one does. You can make purchases and get cash advances. Your limit is based on the balance of your new savings account. This will be between $300 and $5,000.

Be advised that this account is secured and is not meant to be used for withdrawal of funds. It is collateral for your card!

New Millennium Bank will report your transaction history to the three bureaus; TransUnion, Experian and Equifax. By paying your statements on time and not going over your limit, you will build positive marks on your report.

Both Visa and MasterCard are issued. You can apply for one or both. You can also obtain a duplicate for your spouse.

There are some fees to be aware of: 19.5% FIXED interest rate for purchases and cash advances, $59 annual membership fee, $69.95 applicant processing fee, $20 late payment fee and $20 over limit fee. Additionally there is no grace period in which to repay either your purchases or your cash advances before a finance charge will be imposed.

This can be a good with which to try to reestablish your score. If you are willing to pay the high interest rate of 19.5% for purchases and cash advances. As time goes by, you can always request credit increases with the requisite deposit.

If you have made mistakes you can still get approval.There is no credit check and they will only verify your address, social security number and age.