Best for 0 percent APR on merchandise
- 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
If you’re a frequent shopper with bad credit, the Next Millennium credit card (not to be confused with New Millennium Bank) is worth considering. It’s a catalog card you can only use to shop at My Unique Outlet, 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 credit cards for poor credit.
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.
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.
Benefits
Unlike other store cards, Next Millennium doesn’t offer rewards like cash back or points on purchases. But if you join its optional membership program, you’ll get discounts on merchandise from My Unique Outlet and a few other benefits we’ll outline 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.
But because 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. But you will have 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. 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 application fee when you sign up.
How the Next Millennium credit card compares to other catalog cards
The Fingerhut Advantage Credit Account is similar to Next Millennium. It’s a catalog card that can only be used at Fingerhut’s online store, which has a larger variety of products than My Unique Outlet. Just like Next Millennium, Fingerhut accepts borrowers with bad credit. Its accounts are designed to help you rebuild your credit score, as it reports to the three major credit bureaus. Next Millennium does not do this, so if you’re looking to improve your credit, Fingerhut will be the better choice.
But if your main goal is to pay less interest, Next Millennium wins out. Fingerhut charges a high APR of 29.99 percent if you carry a balance, whereas Next Millennium offers a 0 percent APR on all your purchases.
Another catalog card you may want to consider is the Freedom Gold Card. It can be used to make interest-free purchases at the Horizon Outlet. Like Next Millennium, it offers an optional membership program with benefits like roadside assistance and legal help. But it also has a $6 monthly maintenance fee and a lower credit limit than Next Millennium.
| Card | Rewards rate | Annual/Monthly fee | Welcome bonus | Other details |
| Fingerhut Advantage Credit Account | N/A | $0 | N/A |
|
| Freedom Gold card | N/A | $6 monthly fee, optional $24.95 membership fee | N/A |
|
| Visa® Secured Card | N/A | $35 annual fee | N/A |
|
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 Citi® Double Cash Card. 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, may want to consider pairing it with another card that reports to the three major credit bureaus, such as the Visa Secured Card.
Bankrate’s Take—Is the Next Millennium credit card worth it?
If you have bad credit and enjoy shopping at My Unique Outlet, the Next Millennium credit card may be worth a look. You won’t have to undergo a credit check when you apply, so you’ll be able to get approved even with poor credit. You also won’t have to pay any interest on your purchases either, which is a big plus.
But if you don’t shop at this outlet store and if you have good enough credit to qualify for other credit cards, it’s probably not worth applying. Next Millennium lacks some of the features you’d expect from a good store card, like a welcome bonus and cash back on purchases.
Pros
- No credit check
- Credit limit up to $1,000
- You won’t be charged interest on your purchases
Cons
- Can only be used to make purchases at My Unique Outlet
- $29.95 application fee
- No rewards structure
All information about the Next Millenium credit card, Fingerhut Advantage Credit Account and Visa® Secured Card has been collected independently by Bankrate and has not been reviewed or approved by the issuer.
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Next Millennium Credit Card review - Bankrate.com
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