Home Debt Free Milestone Mastercard Overview 2023 (Gold Mastercard Advantages)

Milestone Mastercard Overview 2023 (Gold Mastercard Advantages)

Milestone Mastercard Overview 2023 (Gold Mastercard Advantages)


This one’s for the credit-challenged of us—the Milestone Mastercard is an unsecured bank card that offers you a good probability to construct credit score. 

Because you received’t have to fret a few safety deposit, choosing this bank card might appear to be a no brainer. 

However there are some drawbacks you need to take into account—

This text will present you:

  • How the Milestone Mastercard works.
  • Its charges, rewards, and advantages.
  • The professionals and cons it’s best to take into account.

Learn extra:

Milestone Mastercard: Fast Look

Full title: Milestone® Mastercard®

Finest for: Constructing credit score historical past with out a safety deposit

Issuer: The Financial institution of Missouri

Required credit score rating: Dangerous to honest credit score (300–669)

What’s the Milestone Mastercard?

The Milestone Mastercard is a bank card for folk with poor credit score

Together with the Future and Indigo playing cards, it’s a part of a lineup by Genesis Monetary Options aimed toward serving to individuals rebuild credit score

The Milestone card reviews your month-to-month funds to all three main credit score bureaus, which may also help enhance your credit score rating over time.

In contrast to most playing cards for below-average credityou don’t must put down a safety deposit to start out utilizing the Milestone card. 

However there are a few downsides to think about— 

As an illustration, the preliminary credit score restrict is often fairly low, and the cardboard has high-interest charges. The Milestone card additionally has completely different annual charges relying in your scenario. 

In different phrases, you’ll need to learn the phrases and circumstances rigorously to grasp how the fee works.

How Does the Milestone Mastercard Work?

The Milestone Mastercard is an easy credit-building resolution. You may test when you pre-qualify for it by going to the issuer’s web site. 

This received’t have an effect on your credit score scores as a result of it’s not a tough pull in your credit score report. 

Relying in your credit score historical past and earnings, you’ll be pre-approved for one in all three variations of the Milestone Mastercard. 

Now, the one distinction between these variations is the annual charges.

Right here’s a fast breakdown:

  • Milestone Mastercard 300: This one has an annual payment of $35.
  • Milestone Mastercard 301: The primary yr, the annual payment is $75 ($99 after that).
  • Milestone Mastercard 322: This model has an annual payment of $59.

When you qualify for one in all these playing cards, you’ll get all the important thing details about the credit score line, annual payment, and different phrases and circumstances. 

In case you’re proud of the provide, you may submit a proper utility

Simply understand that this step triggers a tough inquiry in your credit score report, and this will quickly convey down your credit score rating.

Milestone Mastercard: Ranking

Right here’s our fast Milestone Mastercard assessment and general score:

Milestone Mastercard Charges

Listed below are all of the key charges it’s best to take into account earlier than getting your fingers on the Milestone Mastercard:



Annual payment


Safety deposit


Signal-up bonus


Intro APR


Buy APR 

24.90% (variable)

Stability switch APR


Money advance APR

29.90% (variable) 

Money advance payment

$0 in the course of the first yr

After the primary yr, both $5 or 5% of the quantity of every transaction (whichever is bigger) 

Credit score restrict


Overseas transaction payment

1% on all transactions outdoors of the US

Overlimit payment

As much as $41

Late payment

As much as $40

Milestone Mastercard: Execs and Cons

Right here’s a look in any respect the professionals and cons of getting this bank card:


  • Qualify with below-average credit.
  • No safety deposit.
  • Experiences to main credit score bureaus.
  • Fast pre-qualification.


  • Excessive annual charges.
  • Low beginning credit score restrict.
  • Excessive APR.
  • No rewards or one-time affords.

Execs—What We Like

Qualify with below-average credit

The Milestone Mastercard is designed for folk with difficult credit score histories, and those that need to rebuild credit score. That’s why you may apply for this card with below-average credit.

Learn extra: 

No safety deposit

Conventional unsecured bank cards aren’t often accessible for individuals with poor credit score or no credit score historical past. However the Milestone Mastercard takes a special strategy by eliminating safety deposits altogether.

You’re granted a revolving line of credit score with out having to place down a safety deposit—and an annual payment is deducted out of your obtainable credit score. 

Each the credit score restrict and the annual payment are decided based mostly in your creditworthiness.

Learn extra:

Experiences to main credit score bureaus

Milestone Mastercard reviews your credit score exercise to all three main credit score bureaus (TransUnion, Equifax, and Experian). 

So, when you use your card responsibly and make constructive contributions to your credit score, this card may also help you construct a credit score historical past. 

Fast pre-qualification

To seek out out when you’re eligible for the Milestone Mastercard, head over to the issuer’s web site and test when you pre-qualify. 

The cool half is that this received’t have any unfavourable affect in your credit score scores as a result of it’s not thought of a tough inquiry in your credit score report. 

Cons—What to Contemplate

Excessive annual charges

Like we stated, the annual payment for the Milestone Mastercard is determined by which stage of card you qualify for: the Gold 300, 301, or 322.

  • Milestone Gold Mastercard 300: The annual payment is $35. 
  • Milestone Gold Mastercard 301: For the primary yr, the annual payment is $75. Then—from the second yr onwards—it goes as much as $99 per yr.
  • Milestone Gold Mastercard 322: The annual payment is $59. 

Low beginning credit score restrict

If you get permitted for a Milestone Mastercard, you’ll get a credit score line of at the least $700.

Different unsecured bank cards just like the Petal 2 Visa card offer you a most determine as excessive as $10,000.

Bear in mind

In contrast to different playing cards, Milestone doesn’t specify if or how the credit score restrict could be elevated over time.

No rewards or one-time affords

The Milestone Mastercard doesn’t present rewards for spending and doesn’t provide a one-time bonus to new card members. 

Whereas that is frequent for a card designed for below-average credit, it’s an uncommon omission for a card that costs annual charges.

Milestone Mastercard Comparability

Right here’s how the Milestone Mastercard compares to related bank cards:

Milestone Mastercard: Helpful hyperlinks

Milestone Unsecured Mastercard On-line Critiques

Listed below are some Milestone Mastercard opinions from cardholders on the web:

Good for rebuilding credit score offered you don’t keep a stability and that you just don’t go over the restrict.

This can be a good card for rebuilding your credit score. Was straightforward to acquire and the net administration helps me maintain observe of spending and funds.

Somebody that wasn’t me and wasn’t even verified (I’ve proof) was in a position to name and report id theft on my account inflicting my account to be closed. Customer support suggested that I would wish to get a brand new card and add a replica of my ID.

Is the Milestone Mastercard Good for Me?

You will get a Milestone Mastercard even when your credit score is honest or poor. However this characteristic alone might not justify selecting this card over higher choices. 

This card comes with an annual payment of as much as $99 per yr, which is charged to the cardboard and reduces your credit score restrict till it’s repaid. The credit score restrict could be as little as $300, and the precise quantity of your restrict is unsure. 

You may take into account the Milestone Mastercard as a short-term device to ascertain your credit score. 

Bear in mind

Through the use of the cardboard responsibly and making well timed funds, you may enhance your credit score rating. 

One card is lots to affect credit score scores. However go away as a lot room in your bank card as potential every month. Maintaining this “credit score utilization” low positively influences credit score scores. Plan on preserving your account open for a very long time, too.

Freddie HuynhVice President (Information Optimization) at Freedom Debt Aid

You too can discover alternate options just like the Petal 2 Visa card. This card is fee-free when you meet the qualifying standards, and affords cashback in your on a regular basis purchases.


Is Milestone Mastercard legit?

The Milestone Credit score Card is a legit and actual bank card. It’s issued by The Financial institution of Missouri, which is an FDIC member and accredited by the Higher Enterprise Bureau with an superior “A+” score. 

Genesis Monetary Options providers this card. Plus, the Milestone Credit score Card reviews your bank card data to the foremost credit score bureaus each month. 

Learn extra about credit-building:

Does Milestone Mastercard give credit score will increase?

Sadly, the Milestone Credit score Card doesn’t have an choice to spice up your credit score restrict. It’s an unsecured card particularly meant for folk with not-so-great credit score, with a set credit score restrict of $700.

If you wish to discover out if there are any updates to their credit score restrict coverage, attain out to the Milestone bank card customer support crew at (453) 383-2636. 

They’re obtainable from 6:00 a.m. to six:00 p.m. Pacific Time, seven days every week. 

Need extra bank card choices? Take a look at our record of the greatest bank cards for below-average credit.

Does the Milestone bank card have a $700 restrict?

The Milestone Gold Mastercard credit score restrict is about at $700. Some fortunate of us would possibly find yourself with a good greater restrict, although. It comes right down to your credit score historical past and the way a lot disposable earnings you might have. 

So, whereas $700 is the minimal, your precise credit score restrict may very well be extra in case your credit score rating and earnings look good.

Learn extra:

What’s the annual payment for the Milestone Gold Mastercard?

The Milestone Mastercard annual payment you’ll pay is determined by the extent of card you qualify for:

  • Milestone Gold Mastercard 300: This one has an annual payment of $35.
  • Milestone Gold Mastercard 301: Within the first yr, the annual payment is $75. It goes as much as $99 per yr in the course of the second yr.
  • Milestone Gold Mastercard 322: For this card, the annual payment is about at $59.

Take a look at credit-building playing cards with no annual charges:

What financial institution does Milestone use?

The Milestone Credit score Card is issued by The Financial institution of Missouri, which is an FDIC-insured financial institution with an extended historical past because it was based means again in 1891. 

Their predominant headquarters are in Perryville, Missouri. And when you’re , they’ve obtained another bank cards too, just like the Future Mastercard® and the Indigo Platinum Mastercard®

When does the Milestone Credit score Card report back to credit score bureaus?

The Milestone Credit score Card reviews to the credit score bureaus each month. They do that shortly after your month-to-month billing interval ends. 

So, your credit score restrict, account stability, fee historical past, and all the good things get reported to the three main credit score bureaus: TransUnion, Equifax, and Experian.

Right here’s some additional data: Genesis Monetary Options, the parents who service the Milestone Credit score Card, would possibly use one credit score bureau greater than the others. All of it is determined by components like your house state and different particulars.

Does Milestone Mastercard have an app?

No, the Milestone Mastercard doesn’t have an app of its personal. 

Nonetheless, you may entry your Milestone Mastercard account by way of The Financial institution of Missouri’s iOS and Android-compatible cellular app.



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