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Black Diamond Platinum MastrCard

Bad Credit? No Credit? No Problem! We verify only your age, social security number and residence. We verify this information through a third party source. We do not consider your credit history in connection with your application. Build Your Credit relationship with your secured Black Diamond Card account. You'll enjoy these valuable benefits when you make your payments on time: a solid credit history on your account and the ability to request credit line increases at any time with additional deposit.

Card Features

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 Black Diamond Bank. Your credit limit will be equal to the balance in your collateral savings account. Minimum deposit is $300, maximum deposit is $5,000.00 per card. You will be sent your confirmation and savings account materials after we receive your online application and processing fee.

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, 19 in NE), 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 per card) with the bank, Member FDIC. This is your money, but you pledge it to secure repayment of all credit extended through this program. If you do not open an account meeting these requirements within 60 days, this offer of credit may be withdrawn.

NO CREDIT CHECK REQUIRED We verify only your age, social security number and residence. We verify this information through a third party source. We do not consider your credit history in connection with your application.

DOUBLE YOUR MONEY BACK GUARANTEE You will be approved if you meet the Guaranteed Approval Requirements below. In addition, to show our confidence in this offer, 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.

BUILD YOUR CREDIT relationship with your secured Next Millenium Card account. You'll enjoy these valuable benefits when you make your payments on time: a solid credit history on your account and the ability to request credit line increases at any time with additional deposit.

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. Your credit limit will be equal to the balance in your collateral savings account. Minimum deposit is $300, maximum deposit is $5,000.00 per card.You will be sent your confirmation and savings account materials after we receive your online application and processing fee.

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, 19 in NE), 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 per card) with the bank, Member FDIC. This is your money, but you pledge it to secure repayment of all credit extended through this 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 To apply for a credit card, please submit the application with your processing fee. After your processing fee is paid, we will confirm receipt and will send you the documents you need to open the insured savings account(s) that will secure payment of the credit card(s). You will need to complete those documents and return them with your deposit(s). If you do not meet all of these conditions, including sending your deposit(s), this offer will be withdrawn, in which case your processing fee(s) will not be refunded. After receiving those documents, and the funds for the deposit(s), we will verify your age, social security number and residence. After this information is verified, your credit card(s) will be sent to you. If we are unable to verify this information, we will refund your savings account and double your processing fee. However, we will NOT refund your processing fee(s) if we determine that you supplied us with inaccurate information.

FAQ

How Can I Qualify? Even if you have no credit, or your credit history is less than perfect, you can be approved for a Black Diamond fully secured credit card when you meet our easy, general guidelines: a) you must be of legal age in the state of your residence, and b) you must reside in the United States and have a valid social security number.

How Do I Get a Fully Secured Card? It's easy, and takes just a few minutes. Complete the online application and submit with the processing fee. We'll review the information you provide and send your approval confirmation and savings account form which then are completed and returned to the bank with your initial savings deposit. Your credit card is then sent to you immediately.

What is a Fully Secured Card? Secured Cards are an excellent way to establish a positive credit history and are designed especially for people with no credit history, or who have experienced past credit problems. Black Diamond secured credit cards look and work like any other credit card. The only difference is that a savings account is established to open the secured credit card account. The savings account serves as collateral for the credit card. Your credit card is reported to the three major credit bureaus, the same as all credit cards are, we pay you a generous interest rate, and there are no monthly activity fees.

Increase My Limit? At any time after your account is opened, you may send in deposits to add to your collateral savings account. When your credit card account is current and not over-limit, each addition to our savings account will increase your credit limit dollar for dollar up to $5,000.00.

Can I Withdraw Money From My Savings Account? The Savings account acts as collateral for your secured card, so you may not withdraw money from the account while your credit card is secured. If you ask us to close your account and the credit card balance is paid in full we will return the security deposit balance to you within ten weeks of closing the account, after all your credit card purchases have cleared, along with your interest earned.

Fees and Disclosures

ANNUAL PERCENTAGE RATE (APR) APPLIED TO BALANCES ON YOUR ACCOUNT	The APR for purchases and cash advances is a fixed rate of 19.5% (.05342 daily periodic interest rate).
METHOD OF COMPUTING THE BALANCE FOR PURCHASES AND CASH ADVANCES	Purchases: Average Daily Balance (including new purchases). Cash Advances: Average Daily Balance (including new cash advances).
GRACE PERIOD FOR NEW CHARGES ON ACCOUNT	You have no grace period in which to repay either your purchases or your cash advances before a finance charge will be imposed.
ANNUAL MEMBERSHIP FEE AND OTHER FEES FOR ISSUANCE OR AVAILABILITY	Annual Membership Fee: $59.00 Applicant Processing Fee: $99.00 Co-applicant Processing Fee: $10.00.
MINIMUM FINANCE CHARGE ON OUTSTANDING BALANCE	For each month that there is an outstanding balance on your account the minimum finance charge is $0.50 per month.
OTHER FEES	Late Payment Fee: $20.00. Over Limit Fee: $20.00. Cash Advance Fee: 2% of advance (min. $1.00, max. $20.00).
ACCOUNT TYPE	Full Privilege Secured Platinum MasterCard®.