Ultra VX Visa® Card
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Overall Rating 5.0
Benefit Rating3.0
About Ratings
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Apply Now | BALANCE TRANSFERS | INTRO RATE | APR (PURCH) |
APR (CASH) |
ANNUAL FEE | ||
|---|---|---|---|---|---|---|---|---|---|
| Rate | Duration | Rate | Duration | ||||||
| N/A | N/A | N/A | N/A | 14.90 | 14.90% | $0 | |||
Key Features:
- Credit-On Demand™: Up to $25,000 Credit Line - Patent Pending
- Instant Approval: No Credit Check, No Minimum Income, or Bank Account Required
- Credit Reporting: Reports to Major Credit Bureaus
- Clear Rewards™ American Airlines, Southwest, jetBlue, Marriot, and MoreNo Restrictions!
- Powerful Account Features: Direct Deposit, Bill Pay, Free Alerts, Add Cash Instantly at 100,000 Retail Locations Nationwide
Rates and Fees
| Card Type | Visa |
| Introductory Rate Offer | n/a |
| Card Status | Standard |
| APR for Purchases | 14.9% |
| APR for Cash Advances | 14.90% |
| Annual Fee | 0% |
| Annual Fee for additional cardholders |
$0 |
| Grace Period | 25 Days (Min.) |
| Minimum Credit Limit | $10 |
| Maximum Credit Limit | $25,000 |
| Late Payment Fee | $25 |
| Over the Limit Fee | $25 |
| Cash Advance Fee | $2 for ATM transactions; $5 for international ATM transactions |
| Balance Transfer Fee |
Rewards Information
| Points per Dollar Spent | 1 Point |
| Additional Points | None |
| Miles per Dollar Spent | |
| Additional Miles | |
| Additional Perks | Various Internet account related services. Access to electronic bill payment. Access to Clear Rewards. See website for additional benefits. |
Important Notations:
No credit verifications. No minimum income. No bank account required. Reports to all three major credit bureaus. See website for complete terms and conditions of card usage and application disclosure.Ultra VX Visa® Card
Issued by VisaMost Attractive Feature(s): Access to reward program; access to credit on demand; no annual fee.
Least Attractive Feature(s): Application fee; monthly maintenance fee.
Description
The Ultra VX Visa® Card, issued by New Millennium Bank, is a stored value card designed for those who are looking for an above average secured card that also offers a reward program. Most often, secured credit cards do not have any additional perks or benefits; however, this card does provide a rewards program. Cardholders receive one point per dollar spent on purchases. Points can be redeemed for travel rewards with Southwest Airlines, American Airlines, jetBlue, Marriott, and more. Although there is no annual fee, there is an account set up fee of $29.95. There is also a monthly participation fee of $6.95 that amounts to $83.40 annually. In total, cardholders can expect to pay $113.35 in fees during their first year. The most unique feature of the card is the Credit-On-Demand™ option. Credit-On-Demand™ allows cardholders to increase their credit limit up to $25,000. Through the Credit-On-Demand™ feature cardholders are able to determine their credit limit by the amount of funds that are deposited into the cash balance of the account. Funds deposited into the cash balance of the cardholder account can be moved to the secured balance by making a purchase or moving the money to the secured balance. Advance payments can also be funded directly from the cardholder's paycheck or cardholders can load the card in person at 100,000 retail transfers. Therefore, those who are looking for an above average secured card that also offers a reward program and would like a card with limited fees may find the Ultra VX Visa® Card to be a beneficial option.
Updated: Apr 1 2009 12:54PM