New Millennium Bank sending me e-mail saying that i'm preaproved for a visa card when in fact they are not true to their word. Nationwide

I agree with this so-called "offer" being nothing more than a screw job. Let me explain:

(1) No credit check - they why do they need an SSN?
(2) Guaranteed approval - again, why then do they need an SSN?
(3) If not "approved" (WTF!) you get DOUBLE your money back! - Yeah right. I think I will s**t in one hand and wish in the other. Bet I know which one fills up faster!
(4) You are paid an average of 2% APY on your money but you PAY 19.5% to Millennium so you are in the sewer 17.5% - Where do I sign up!
(5) Nowhere is it mentioned that they report to the three CRA's.
(6) Your initial $300.00 is eaten up with fees. Annual membership fee $59.00, .50 per month if there is an outstanding balance on your account. ( Huh? Isn't this a SECURED card so there IS no blance?) Late Payment fee $20.00 (Again, I remind you that this is a SECURED card so there would be no late payments). So you have access to a considerably LESS amount of your initial deposit.
(7) Go to your local bank and get one of these types of cards. They will be greatful for your business instead of penalize you for it with a zillion fees for everything.
(8) Finally, I bet "R. Hunt", whoever the hell he or she is (if this person even exists) doesn't have one of these cards because he/she/made up person knows what a rip off it is.


Use their prepaid envelope to mail back something really heavy. They have to pay for the postage.

Ciao!

As owner of New Millennium Bank, I just wanted to assure you that we are not a fruad. It is true that we are going to give you a credit card. All you have to do is make a small deposit (minimum $300) because we dont do a credit check and you will get you credit card ASAP. As a favor, I will give you additional time to make that deposit. I am looking forward to doing business with you, so please call if you have any questions. You can ask to speak to Robert Hunt.