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.
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Snapshot
2.4
Bottom line
This costly card should be a pass for most people. It offers no rewards or credit-building features and only works at the obscure My Unique Outlet online store.
Purchase intro APR
N/A
Regular APR
N/A
Intro offer
N/A
Rewards rate
N/A
Bankrate Score
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Next Millennium Credit Card overview
If you’re a frequent shopper with bad credit, the Next Millennium credit card could be worth considering. It’s a catalog card for shopping at My Unique Outlet, an online store that sells electronics, beauty products and more.
The Next Millennium credit card is a 0 percent APR card and has a credit limit of up to $1,000, which is higher than the credit limits on most credit cards for poor credit.
If you’ve had trouble qualifying for other store credit cards and shop frequently at My Unique Outlet, Next Millennium may be a good option because it doesn’t require a credit check.
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Rewards
- None
Expert Appraisal: Weak
See our expert analysis -
Rates and fees
- Annual fee: $0 or optional $19.95 monthly fee for card benefits
- Application fee: $29.95
- Regular APR: N/A
- Returned payment fee: $30
- Late payment fee: $10
- Minimum monthly payment: Either $25 or 15 percent of the account balance owed, whichever is greater
Expert Appraisal: Typical
See our expert analysis -
Other cardholder perks
- Benefits require a $19.95 monthly fee
- My Unique Outlet discounts
- Roadside assistance
- Legal assistance
Expert Appraisal: Unimpressive
See our expert analysis
Next Millennium Credit Card pros and cons
Pros
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There’s no credit check or negative impact on your credit score for applying.
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You won’t be charged interest for carrying a balance.
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People with poor credit can access a $1,000 credit limit.
Cons
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There are no rewards or welcome offers with this card.
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Fees for application and benefits make this card a costly choice.
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The card only works at the My Unique Outlet online store.
Why you might want the Next Millennium Credit Card
There aren’t many good reasons why this card would help most people. However, if you need to carry a balance on a modest credit line, you may find some value in the Next Millenium card.
Rates and fees: No APR on a modest credit line
One of the only positive features of the Next Millennium card is its 0 percent APR on a credit line of up to $1,000. This means you won’t pay any interest on purchases, which may be helpful if you are in a bind and having trouble making payments.
Be sure to note that you need to put a 15 percent down payment on everything you buy and make a minimum payment of 15 percent of your account balance or $25, whichever is greater, every month. It charges a $29.95 application fee, a $10 fee for late payments and a $30 fee for returned payments.
Why you might want a different catalog card
The Next Millennium card isn’t going to be useful for many people. It doesn’t offer rewards or a welcome bonus, requires you to pay for its benefits and only works as payment for purchases at an obscure online store.
Perks: Pay for minimal privileges
Next Millennium’s optional membership program costs $19.95 per month, adding up to about $240 per year. If you opt in, you’ll get daily discounts at My Unique Outlet, 24/7 roadside assistance and access to a free legal assistance hotline.
There's extremely minimal value here compared to any other card, even credit cards for bad credit. Many cards offer standard Visa Signature benefits for free. The value of these perks is far less than what this card charges annually. While there may be an outlier case where the online discounts justify the fee, you likely won’t get value by adding these benefits to your card.
Rewards: No added value
Unlike other catalog cards, the Next Millennium card doesn’t offer rewards like cash back or points on purchases. The closest thing to a reward would be the daily discounts at My Unique Outlet, which requires paying $19.95 monthly to access.
While it’s typical for cards in this category to not offer rewards, the lack of rewards and a welcome bonus provides no ongoing value for holding this card.
How the Next Millennium Credit Card compares to other catalog and cards for bad credit
The right store card can be worth it if there is a way to extract value. However, the Next Millennium doesn’t offer much to its cardholders. There are no rewards or credit-building features to help build credit to qualify for better cards. Fortunately, other cards can help boost your credit and offer rewards.
Next Millennium
Annual fee
Intro offer
Rewards rate
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.
Fingerhut Credit Account issued by WebBank
Annual fee
Intro offer
Rewards rate
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.
Petal® 1 "No Annual Fee" Visa® Credit Card
Annual fee
Intro offer
Rewards rate
2% - 10% cash back at select merchants.
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.
Who is the Next Millennium Credit Card right for?
The Next Millennium card is minimally useful. However, frequent shoppers with poor credit who carry a balance may find some fringe value in it.
Bankrate’s Take — Is the Next Millennium Credit Card worth it?
One of the only useful features of the Next Millennium card is its lenient credit requirements and lack of an APR. Although there’s no 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 and doesn’t offer rewards or a welcome offer.
Unless you’re a frequent shopper at the My Unique Outlet online store, you’re better off applying for another credit card that works anywhere, regardless of your credit history.
*All information about the Next Millennium credit card and Fingerhut Credit Account has been collected independently by Bankrate and has not been reviewed or approved by the issuer.
How we rated this card
Our proprietary card rating system takes into account a mix of factors when scoring credit cards for students and people building credit, including each card’s cost, APR, credit-building tools and more.
We analyzed over 50 of the most popular cards designed for students and people with no credit history, bad credit or a fair credit score and scored each based on where its key features stood in relation to others in its category.
Here are some of the key factors that gave this card its score:
Frequently asked questions
* See the online application for details about terms and conditions for these offers. Every reasonable effort has been made to maintain accurate information. However all credit card information is presented without warranty. After you click on the offer you desire you will be directed to the credit card issuer's web site where you can review the terms and conditions for your selected offer.
Editorial Disclosure: Opinions expressed here are the author's alone, and have not been reviewed or approved by any advertiser. The information, including card rates and fees, is accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information.