Milestone® Mastercard®

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Last updated on April 12th, 2022

Milestone® Mastercard®

Milestone® Mastercard®
  • Regular Purchase APR 24.9%
  • Cash Advance APR 29.9%
  • Annual Fee $35 to $99
  • Credit NeededBestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.
    Poor
  • Processing Network Mastercard
Best Benefits
  • Extended warranty protection
  • Fraud liability
  • Price protection
  • Reports to major credit bureaus
Rates & Fees
  • Regular Purchase APR: 24.9%
  • Cash Advance APR: 29.9%
  • Cash Advance Transaction Fee: $0 during the first year; after first year, either $5 or 5% of the amount of transaction
  • Penalty APR: 29.9%
  • Annual Fee: $35 to $99
  • Foreign Transaction Fee: 1% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • Over Limit Penalty Fee: Up to $40
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At a Glance

Designed for folks with less-than-stellar credit (or no credit at all), the Milestone® Mastercard® credit card is issued by the Bank of Missouri. Featuring all the benefits of a Mastercard Gold Card at no extra cost, it allows customers to begin their credit journey with a valuable tool in their wallet. A quick qualification process, free online account access, and Mastercard® benefits – it’s easy to see why this card is a strong option for anyone who is looking to build, or repair, their credit history.

Ideal for Those Who:

  • Have low credit standing or who have not yet begun to their credit journey
  • Wish to build or re-build their poor credit score
  • Want a credit card that reports to the three major credit bureaus
  • Prefer the freedom of an unsecured credit card over a secured card

Milestone® Mastercard® Review

Milestone may not have the name recognition that larger credit card companies command, but with the power of Mastercard® behind the Milestone card, you can see why this company is fast becoming a household name for applicants with less-than-perfect credit. Issued by the Bank of Missouri, applicants can pre-qualify easily.

This card is a straightforward, no-frills opportunity to build and repair credit; the Milestone card will help you meet your everyday needs as you progress rebuilding your credit with powerful tools to manage spending. Plus, as an unsecured card, there’s no security deposit needed.

How to Apply for the Milestone® Mastercard®

There is no impact to your credit score when you apply for the Milestone Mastercard. Although you cannot do so over the phone or in person, you can apply online, and you’ll know if you’re eligible instantly thanks to a fast and easy application process. If you have any questions about your application process, Milestone has customer service representatives that can help – simply call 1-866-453-2636.

Who Can Qualify for the Milestone® Mastercard®?

In order to pre-qualify for the Milestone card, you must be at least 18 years old. If you have requested pre-qualification within the last 60 days, you will not be able to apply, so plan accordingly if you are considering multiple card offers. Simply fill out and submit the online application and you’ll have an instant answer.

Your credit line will vary based on your credit score, and Milestone will review your information and assign a credit limit ($300 is the minimum for any account) once you’re approved. Make payments on time and you can graduate to better cards in the future.

Although this card is designed for people who have low credit scores or who have not yet established a credit profile, approval is not guaranteed. Milestone’s credit criteria are designed to help people who would like a credit card despite their credit standing (or lack thereof), but they cannot guarantee 100% approval.

Your pre-qualification request and application are reviewed closely to determine whether you meet the qualifications for this offer. After pre-qualification, your new card typically arrives within 14 business days of approval.

Milestone Card Offers

There are different Milestone card offers available for those who seek pre-approval. Based on your credit and other factors, you will be approved for one of the following offers – which all share the same interest rates – if you are approved for a Milestone card. The annual fee ranges from $35 up to $99 each year:

  • First Option: Annual fee is $75 for the first year and $99 thereafter
  • Second Option: $59 per year annual fee
  • Third Option: Annual fee is $35
  • Fourth Option: After a $25 account opening fee, the annual fee for the first year is $50 and will be $99 thereafter

Milestone® Mastercard® Cardholder Benefits

Cardholders who demonstrate responsible financial behavior will soon see their credit score begin to rise, as Milestone will report card usage to the major credit bureaus each month. Milestone typically reports a few days after the cardholder’s statement billing period ends.  In order to maximize your credit score, make sure to pay your balance in full each month.

Since this card is for individuals who need to repair their credit or establish their credit profile, there are no rewards and no intro offers associated with this card. Those who do qualify for the Milestone card will be delighted to discover that they’ll have free, 24/7 account access. Cardholders also have the ability to pay their bill online, too.

Milestone offers great dedicated resources to help cardholders navigate the world of building credit, too. The Milestone card can be used towards cash advances (subject to credit approval) and purchases anywhere Mastercard is accepted.

The Mastercard logo can be seen at more than 33 million locations, in 210 countries across the world. This is a big feather in the Milestone Mastercard’s cap, as it’s not often that an unsecured card has this sort of purchasing power. For the Group One Platinum Card, for example, cardholders are limited to online transactions with the Horizon Outlet marketplace.

Mastercard® Benefits

You’ll also enjoy all the Mastercard benefits that accompany this card offer. Mastercard benefits include:

  • Identity theft resolutions services – Mastercard’s ID Theft Protection program includes an online monitoring dashboard (after activation), a monthly risk alert/newsletter, identity monitoring, resolution services, lost wallet assistance, single bureau credit monitoring (with TransUnion), Financial account takeover, and URL and domain monitoring.
  • Extended warranty coverage
  • Price protection
  • Mastercard Global Service
  • Mastercard Airport Concierge

These are all valuable tools that typically are not available with an unsecured credit card like this one.

FAQs About the Milestone Gold Card

Here are some commonly asked questions about the Milestone Gold Mastercard:

  • The Milestone® Gold Mastercard® comes with an annual fee of between $35 and $99.
  • You can use your Milestone Gold MasterCard for purchases and cash advances anywhere you see the MasterCard logo, at over 33 million locations in 210 countries.
 
  • The Milestone Mastercard has a $300 credit limit to begin.
  • Yes. All US  residents aged 18 and up are eligible to apply for the Milestone Card.

Milestone Gold Card Ratings

How does Genesis DS, the card’s issuer, stack up? Here are a selection of expert reviews for the card:

4/5
1/5

User Rating

3.5/5

User Testimonials

What is the Milestone Mastercard like to live with? Before deciding if the card is right for you, here’s what our readers and members think about the card:

Irma
Irma@irmac_21
Read More
Excellent customer service
Jamie
Jamie@jamiestuples
Read More
Great bank.. Gives you a chance for success and control of your financial in your hands, if you are looking to boost your score that is the bank you should be looking for. ?????
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Should You Apply for the Milestone® Mastercard®?

While the interest rates for the Milestone® Mastercard® are somewhat high compared to other credit cards, they are still competitive if you are unable to qualify for a different card offer. The card’s annual fees are competitive, too. The Milestone card offer is designed for people who may not be able to qualify for other secured cards.

There are plenty of excellent secured credit cards that don’t charge an annual fee, but if you’re worried you may not qualify, the Milestone Card is a useful tool for building credit. Many users who hold the credit card review their experience favorably.

At the end of the day, the Milestone® Mastercard® is a great option for consumers who have less-than-perfect credit and are looking to beef up their credit score to qualify for a credit card offer with better terms and/or rewards. The pre-approval application process is quick and easy and can be completed in minutes online. Best of all, applying for this card will not result in a hard inquiry to your credit report.

The Mastercard benefits like Global Service and Airport Concierge also serve to set this card offer apart from its competitors. The card is a compelling option for those with a and credit score, similar to the Indigo Card from credit card issuer Celtic Bank. And, like the Indigo card, the Milestone credit card offers simple online payments, auto pay, and more, making it a great option to build credit without additional headaches.

 

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