Credit Cards

Milestone Mastercard® Review: for any type of credit!

Embark on a credit-building adventure with the Milestone Mastercard®. Discover its reasonable fees, fraud protection, and credit-building capabilities.

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A fresh start! Just pay attention to interest, and you’ll be golden

Milestone Mastercard®
Milestone Mastercard® Review: for any type of credit! Source: Milestone

Your credit history may be a bit challenging. But that’s because it hasn’t faced a worthy opponent yet. In this review, we’ll delve into the details of the Milestone Mastercard®.

Milestone Mastercard®

Apply for the Milestone Mastercard®

Apply Milestone Mastercard® and build your financial future effortlessly! Learn the ins and outs of the application process in this guide!

The card offers a reasonable annual fee, fraud protection, and the opportunity to build credit. Here’s an assessment to help you decide if the Milestone Mastercard® is the right fit for you.

Credit ScoreDoes not have a minimum credit score requirement;
Annual Fee$175 for the first year, then $49 thereafter;
Purchase APR35.9%;
Cash Advance APR35.9%;
Welcome BonusN/A;
RewardsN/A.

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The ins and outs of the Milestone Mastercard®

Let’s cut to the chase, shall we? This review is about a credit builder. And it doesn’t charge high annual fees to help you improve your credit history. That’s rare!

But I’m not saying the Milestone Mastercard® is a sweetheart. No, not at all. It knows how to collect interest to enjoy its perks. However, that’s only a problem for those who don’t pay the full amount on the bill.

So, it’s preferable to pay in full. After all, you’re here to build your credit score, not to sink it further, right? That’s precisely why keep reading this complete review.

And the annual fee isn’t all you’ll pay to have your Milestone Mastercard®. This is actually a spoiler, but $150 will be charged annually starting from the second year of the contract.

There are also other fees, like late fees and over-limit fees. But frankly, aside from all that, it delivers what it promises. In other words, it builds your credit and keeps you focused.

Milestone Mastercard®: is it worth it?

To truly get to know a card, it’s not enough to just look at its perks. For this reason, in this review, we also bring you the downsides and potential challenges of the Milestone Mastercard®.

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Pros

Milestone Mastercard®
A fresh start! Just pay attention to interest, and you’ll be golden. Source: Milestone
  • Affordability of the annual fee: The annual fee for accessing the benefits of the Milestone Mastercard® stands at $175 in the initial year. The noteworthy aspect is that, from the second year onward, this cost reduces significantly to only $49.
  • Protection against fraud: The Milestone Mastercard® ensures fraud protection, guaranteeing coverage if someone uses your card without authorization.
  • Credit Bureau Reporting: When you utilize the Milestone Mastercard®, your monthly payments will be reported to the top 3 credit bureaus in the country.
  • No need for a security deposit: Indeed, you don’t have to entrust anything to Milestone to use this valuable credit-building tool.

Cons

  • High-interest caution: Brace yourself for a hefty 35.9% annual interest rate! That’s seriously steep, so it’s essential to clear the entire balance every month to avoid those exorbitant interest charges.
  • Rigorous approval criteria: Milestone Mastercard® means business when it comes to approval. You’ll be required to demonstrate a minimum monthly income of $1,000.

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Credit score requirements for card application

The Milestone Mastercard® doesn’t have a minimum credit score requirement.

However, the bank considers various factors when assessing your application, including your credit history, income, debts, and employment.

Ready to apply? Here’s how to get the Milestone Mastercard®

Indeed, the Milestone Mastercard® website is quite easy and intuitive. Right from the start, you’ll see the apply button. But is there a way to do it through the app?

What’s the best way to place your order? Oh, you’ll find all of that in our following article. It’s worth checking out!

Milestone Mastercard®

Apply for the Milestone Mastercard®

Apply Milestone Mastercard® and build your financial future effortlessly! Learn the ins and outs of the application process in this guide!

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