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Next Millennium Credit Card review The store card shoppers may want to return

There’s no reason to pay nearly $240 for a card that won’t help you earn rewards and doesn’t help you build credit. Written by Associate Writer As a staff writer for Bankrate and CreditCards.com, Sarah offers sound advice that will improve your financial life and help simplify topics like travel hacking and credit card Oct. 10, 2022 Edited by Credit Cards Editor As a Bankrate credit cards editor, Ashley Parks is fascinated by the ways people can make credit cards work for them when armed with the right knowledge. Oct. 10, 2022

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Snapshot

2.4 Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. star icon star icon star icon star icon star icon star icon star icon star icon star icon star icon Bottom line Despite the Next Millennium card being aimed at consumers with poor credit, it offers nothing in the way of helping cardholders to rebuild their credit scores. It’s an expensive card with little to show for its added cost outside of access to the $1,000 credit line that can only be used at the obscure My Unique Outlet online store. on Next Millennium 's secure site

Next Millennium

Rewards rate Annual fee Intro offer Intro offer is not available to this Next Millennium credit card Regular APR Recommended Credit Score A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Next Millennium credit card Overview

If you're a frequent shopper with bad credit, the Next Millennium credit card (not to be confused with New Millennium Bank) could be worth considering. It's a catalog card you can only use to shop at , an online store that sells merchandise like electronics, beauty products and more. The Next Millennium credit card has a 0 percent APR, allowing you to purchase products from your favorite brands without paying any interest. It also has a credit limit of up to $1,000, which is higher than the credit limits on most . If you've had trouble qualifying for other credit cards, Next Millennium may be a good option for you because it doesn't require a credit check.

What are the advantages and disadvantages

Pros

Applying for this card won’t negatively impact your credit score because it doesn’t require a credit check. Cardholders will have access to a $1,000 credit limit. There are no interest charges for balances carried on the card.

Cons

Cardholders are limited in how they can use the card; it can only be used at the My Unique Outlet online store. The $29.95 application fee and the $19.95 monthly fee for card benefits make the card an expensive option. The card doesn’t provide a reward structure of any kind.

A deeper look at the current card offer

Quick highlights

Rewards rate: N/A Welcome offer: N/A Annual fee: $0 or optional $19.95 monthly fee for card benefits Purchase intro APR: N/A Balance transfer intro APR: N/A Regular APR: N/A

Current sign-up bonus

Unfortunately, the Next Millennium card does not provide a welcome offer. However, you do get to enjoy 0 percent APR for as long as you hold the card, which is a better deal than cards that only have an intro 0 percent APR.

Other cardholder perks

Unlike other store cards, Next Millennium doesn't offer rewards like cash back or points on purchases. However, if you join its , you'll get discounts on merchandise from My Unique Outlet and a few other benefits outlined below.

Membership perks

Next Millennium's membership costs $19.95 per month, which adds up to about $240 per year. If you sign up, you'll get daily discounts at My Unique Outlet, 24/7 roadside assistance and access to a free legal assistance hotline. Since the membership program only offers a handful of perks for the steep $240 price tag, you should consider how much you shop and if the discounts really warrant the fee.

Rates and fees

One of the main benefits of the Next Millennium card is its 0 percent APR, which means you won't pay any interest on purchases. You will have to put on everything you buy and make a minimum payment of 15 percent of your account balance or $25, whichever is greater, every month. If your balance is less than $25, you'll be required to pay it in full. On top of the pricey membership fee, if you make a late payment Next Millennium will charge you $10. There's also a $30 fee for returned payments. Plus, you'll be charged a $29.95 when you sign up.

How the Next Millennium credit card compares to other catalog and cards for bad credit

Having if it's used correctly. Unlike some of the best co-branded store credit cards, the Next Millennium doesn't offer much to its cardholders. It doesn't offer anything in the way of rewards-even for purchases made at the issuing My Unique Outlet stores. It's also lacking in credit-building features. Fortunately, there are other cards-some store cards and some cards for bad credit-that can do more to help you boost your credit and offer rewards.

Next Millennium

star icon star icon star icon star icon star icon star icon star icon star icon star icon star icon Bankrate Score Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on how we rate cards. on Next Millennium 's secure site Annual fee Intro offer Intro offer is not available to this Next Millennium credit card Rewards rate Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Fingerhut Credit Account issued by WebBank

Annual fee Intro offer Intro offer is not available to this Fingerhut credit card Rewards rate Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Petal® 1 No Annual Fee Visa® Credit Card

on Petal's secure site Annual fee Intro offer Intro offer is not available to this Petal credit card Rewards rate Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments. 1% cash back on eligible purchases right away Recommended credit A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

The Next Millennium Credit Card vs Fingerhut Credit Account issued by WebBank

Similar to the Next Millennium card, WebBank issues the to use strictly at the Fingerhut online store. The Fingerhut Credit Account is also geared toward shoppers with bad credit, but it's accompanied by better credit-building tools. The Fingerhut Account reports to the three credit bureaus, has a decent welcome offer and no annual fee. In contrast, the Next Millennium card touts an expensive annual fee (the $19.95 per month annual fee is optional and does come with additional cardholder benefits), doesn't report to any of the three credit bureaus and offers no welcome bonus. The Fingerhut Account does carry a high 29.99 percent APR, whereas the Next Millennium charges no interest on your balances. If you're a frequent shopper who may carry a balance from month to month, the Next Millennium might be worth a look, but it's more likely that the Fingerhut would be a better choice overall. The Fingerhut online store has a larger selection of products for shoppers, and the Fingerhut Account has more financial benefits for credit-builders.

The Next Millennium Credit Card vs The Petal 1 No Annual Fee Visa

Though it doesn't have a fully fleshed-out rewards program, the (issued by WebBank) can earn cardholders the occasional cash back reward at select merchants. That alone would give it a leg up over the Next Millennium, but it has even more to offer. The Petal 1 is an excellent choice for building credit, and it's accessible for people with a limited credit history since there's no recommended credit score requirement. You could potentially start with a credit limit as high as $5,000 with the Petal 1, and you're free to use your card anywhere, unlike the restrictive Next Millennium card. Cardholders will pay a steep price to carry a balance on the Petal 1 with a 22.99 percent to 32.49 percent variable APR-but overall, it's a better choice. You'll get to build your credit and use your card anywhere with the Petal 1.

Best cards to pair with the Next Millennium credit card

The Next Millennium card can only be used to shop at My Unique Outlet and doesn't offer rewards on purchases, so if you want to earn cash back on everything you buy, consider getting a flat-rate rewards card like the . It gives you 1 percent cash back when you make a purchase and an additional 1 percent when you pay it off. Another thing to keep in mind is that the Next Millennium card isn't designed to help you improve your credit. So if you have bad credit, you may want to consider pairing it with another card that reports to the three major credit bureaus.

Bankrate s Take-Is the Next Millennium credit card worth it

One of the hallmarks of the Next Millennium is its lenient credit requirements. Although you won't have to undergo a hard credit check to be approved for the Next Millennium, its credit building benefits end there. The Next Millennium card lacks features that come standard with most other credit cards for bad credit. It won't because it doesn't report payments to the credit bureaus, and it doesn't offer rewards or provide a welcome offer of any kind. The Next Millennium could offer you some savings if you shop at My Unique Outlet-as it doesn't charge cardholders interest for purchases. Unless you're a frequent shopper at the My Unique Outlet online store, you're better off applying for another credit card (no matter what your credit score might be). All information about the Next Millennium credit card and Fingerhut Advantage Credit Account has been collected independently by Bankrate and has not been reviewed or approved by the issuer.

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Written by Sarah Estime Associate Writer As a staff writer for Bankrate and CreditCards.com, Sarah offers sound advice that will improve your financial life and help simplify topics like travel hacking and credit card rewards. Edited by Credit Cards Editor

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Bankrate.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which Bankrate.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. Bankrate.com does not include the entire universe of available financial or credit offers.
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