Milestone Credit Card Review
A credit card is a convenient payment tool that makes your funds both safe and accessible. According to Statista, credit cards have been the most popular payment method in the United States for the last five years.
Source: Statista
But what do you do when your payment history is less than stellar, and the bank's trust in you as a responsible payer is undermined? There is a solution — Milestone Credit Card!
What is a Milestone credit card? Want to learn about the advantages and features of the card, as well as compare the fees with other similar offers? We discuss this and even more in our detailed Milestone Mastercard reviews.
Milestone Card Review: Features and Benefits
Is a poor credit history haunting you? Having a credit builder's loan is an excellent idea to improve the situation. You can apply for the Milestone Mastercard even with a limited credit score. Gain access to your account 24/7 and a range of other benefits.
A deposit is not required
While some banks ask for a deposit starting from $500, Milestone cards don't require a security deposit, even with limited credit availability or a poor credit history. Additionally, it helps improve your credit score and provides access to a relatively high credit limit.
Pre-qualification available
Pre-qualification is a process that allows you to find out if you meet the requirements for getting a credit card.
Save time and effort by doing it online with Milestone! Provide specific personal data (name, address, email, phone number, insurance, date of birth), and after a few seconds, you’ll know whether you’re eligible for the offer.
Free access to a credit score
A credit score quantitatively reflects your creditworthiness. You can track your progress transparently and for free with a Milestone card. Moreover, you can identify specific issues with your credit history and take action to improve it.
Customizable card design
Personalize your Milestone card to match your style. Choose the card's color, font, or image, making it unique and more attractive. Not sure which design to pick? Use the card customization tool to try different options or stick with a universal design.
Milestone Credit Card Review: Rates and Fees
Milestone card reviews from Rates experts have shown that this credit card is the best way to improve even significantly degraded credit history and credit score. However, it comes with the cost of higher fees and rates.
Annual and monthly fees
The annual fee is a charge for using the credit card. Milestone's annual fee is $175 for the first year of use, and only after that, it drops to $49. Unfortunately, that's not all, as you will also have to pay a monthly fee of $12.50, which makes this card one of the most expensive ones for personal use.
APR
APR stands for Annual Percentage Rate, and different balances on the card may influence it. The Milestone credit card interest rate ranges from 24.9% to 29.9%. However, if you have a bad credit score, you may be offered a card with an even higher annual percentage rate (starting from 35%) to cover the potential expenses.
Penalty fees
Credit companies charge penalty fees to customers for violating the contract terms. The Milestone Mastercard charges a fee for late payments, exceeding the limit, and returned payments. In all cases, the amount is up to $40. To avoid penalties, pay the full balance every month, do not exceed the credit limit, and adhere to the terms of use.
Commission for foreign operations
If you withdraw cash abroad, you will be charged a fee for withdrawal and a currency exchange fee. If you make an online purchase with the Milestone Credit Card, be prepared for transaction fees:
- For foreign transactions: 1% for each transaction;
- For cash advances: $0 during the first year, then $5 or 5% for each transaction, whatever is bigger.
Check our Milestone Mastercard review with fee comparison.
Annual fee | APR | Penalty fees | Foreign transaction fee | |
Milestone Mastercard  | $175 for the first year, then $49 | 24.9% / 36% (variable) | Up to $40 | 1% of each transaction |
Fortiva Mastercard  | Starting from $85 | 29.99% / 36% (variable) | Up to $40 | 3% of each transaction |
Latitude Platinum Mastercard  | $25 for the first year, then $35 | 24.49% (variable) | Up to $41 for late payments Up to $30 for returned payments | 3% of each transaction |
First Digital Mastercard  | $75 for the first year, then $48 | 35.99% (variable) | Up to $41 | N/A |
ReflexPlatinum Mastercard  | From $75 to $125 | 29.99% (variable) | Up to $41 | 3% of each transaction |
Milestone Customer Support System
Credit cards are complex financial products that require careful attention like any other money-related matter. Whether you want to increase the limit, learn about the interest rate, or block your card, the Milestone Mastercard customer service will provide clear answers to these and other questions.
Online account management
Gain access to your account information and manage it online through the Milestone website. There, you can check your balance, payments, transaction history, and much more.
Mobile application
If you’ve ever wondered, “Does Milestone Mastercard have an app?”, here is the answer. You can easily manage your finances on your smartphone with the Milestone Credit Card app for Android and iPhone users. Download it now and control your accounts, plan and monitor payment history, and receive alerts about potential fraudulent activities.
Phone and email support
Milestone experts are happy to help resolve any issues you may experience with their product. You can contact the helpdesk at the Milestone credit card number 1-800-305-0330 or use this Milestone credit card address: Concora Credit | PO Box 4477 Beaverton, OR | 97076-4477.
FAQs and resources
Milestone offers a database with frequently asked questions and other resources to help you find answers. Milestone Credit Card reviews are also a useful way to learn more about the experiences of others with Milestone.
Final Thought
Is Milestone a good credit card? In a word, it’s a particularly good choice for people with poor or average credit history who want to improve it. By becoming a Milestone customer, you'll have zero liability for unauthorized charges on your card and can monitor your payment balance and credit score anytime.
Reviews of Milestone Credit Card and alternative offer shows that Milestone’s benefits outweigh its fees. However, remember to use the card responsibly – do not spend more than you can afford, and make payments on time.
Join the Milestone community today!
FAQ
What is the credit limit of Milestone Credit Cards?
The Milestone credit card limit is $700 without a need for a deposit. This is twice as much as typically offered to individuals with a below-average credit score, which makes this card a very attractive solution.
How can I apply for a Milestone Credit Card?
Visit the Milestone website to access the online Milestone credit card application. Enter the required personal information, review the terms, and confirm the submission of your application.
How will my Milestone Credit Card improve my credit score?
Settle your Milestone Credit Card payments on time and demonstrate your financial responsibility and payment capability. Payment history is reported to three prominent credit bureaus, showcasing your creditworthiness and creating a good credit history.
