Milestone® Mastercard®

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Last updated on August 25th, 2023

Advertiser Disclosure Editorial Disclosure

Milestone Mastercard

Milestone Mastercard
Fair-Poor-Good 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. Credit Needed: Fair/ Poor/ Good
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See terms Annual Fee

Milestone Mastercard

  • See terms Regular Purchase APR
  • See terms Cash Advance APR

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 at no extra cost, it allows customers to access a convenient and valuable tool in their wallet.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Greater access to credit than before - $700 credit limit
  • Get a Mastercard accepted online, in store and in app
  • Account history is reported to the three major credit bureaus in the U.S.
  • $0 liability for unauthorized use
  • Access your account online or from your mobile device 24/7
  • Regular Purchase APR: See terms
  • Cash Advance APR: See terms
  • Cash Advance Transaction Fee: See terms
  • Penalty APR: See terms
  • Annual Fee: See terms
  • Foreign Transaction Fee: 1% of the transaction in U.S. dollars
  • Late Payment Penalty Fee: See terms
  • Return Payment Penalty Fee: See terms
  • Over Limit Penalty Fee: See terms
  • You have low credit standing or have not yet begun your credit journey
  • You want a credit card that reports to the three major credit bureaus
  • You 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.

This card, issued by the Bank of Missouri, is a straightforward, no-frills tool that will help you meet your everyday needs and manage your spending. Plus, as an unsecured card, there’s no security deposit needed.

How to Apply for the Milestone Mastercard

You can apply for the Milestone Mastercard online, where you’ll know if you’re eligible 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 apply for the Milestone card, you must be at least 18 years old. Simply fill out and submit the online application and you’ll have a response in 60 seconds or less.

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.

Milestone Mastercard Cardholder Benefits

Cardholders who demonstrate responsible financial behavior may 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 with imperfect credit, there are no rewards and no intro offers associated with it. Those who do get approved 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 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:

Zero Liability Protection Mastercard Global Services ID Theft Protection

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

FAQs About the Milestone Card

Here are some commonly asked questions about the Milestone Mastercard:

  • The Milestone Mastercard comes with an annual fee that varies depending on the version of the card that you are approved for.
  • You can use your Milestone 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 $700 credit limit.
  • Yes. All US  residents aged 18 and up are eligible to apply for the Milestone Card.

Milestone Mastercard Ratings

How does Genesis FS, the card’s servicer, stack up? Here is a selection of expert reviews for the card:

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 get approved 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 open an account 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 be eligible, the Milestone Card is a useful and worthy alternative. 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 for a simple and convenient payment card as they move towards a credit card offer with better terms and/or rewards. The application process is quick and easy and can be completed in minutes online.

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 low 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 cover your expenses without additional headaches.

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