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It offers simple benefits like 24/7 access to online accounts and Mastercard services like Global Service, price protection and travel assistance. But take care with potentially steep interest rates and fees.
From $35
Annual fee
24.9%
Purchase APR (fixed)
300
Recommended credit score
Annual fee | $35 to $99 |
---|---|
Annual fee conditions | $35 to $99 depending on credit worthiness |
Welcome offer | N/A |
Rewards | N/A |
Purchase APR | 24.9% fixed |
Balance transfer APR | N/A |
Minimum credit score | 300 |
Issuer | Mastercard |
cta text | Go to site |
Review by
Megan Horner is head of publishing at Finder, where she leads a team that's focused on publishing personal finance guides and reviews that help readers make informed financial decisions. She's passionate about helping you find the best financial accounts to meet your needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been featured on Lifehacker, CreditCards.com, American Banker and news broadcasts across the country. She has a longstanding background in surfacing the best deals and helping people make decisions, including a start as a writer at a comparison website and editing credit card and credit score content at Credit Karma. She earned a degree in English and editing from Brigham Young University.
The Milestone Mastercard® comes with an annual fee between $35 and $99, depending on your credit score. It also has a one-time account opening fee of $25 and a fixed APR of 24.9%. This may seem expensive, but considering this is an unsecured card for building credit, it’s actually not that bad.
As far as benefits go, the Milestone Mastercard® is relatively light. But it offers 24/7 online access to your account and the advantages that come with owning a Mastercard. And if you’re trying to build your credit, you’ll appreciate regular reports of your responsible spending to all three major credit bureaus: Experian, Equifax and TransUnion.
Overall, if you’re looking to build credit with an unsecured credit card, the Milestone Mastercard® could be an option worth considering.
To prequalify for the Milestone Mastercard®, you must be at least 18 years old and a resident of the United States.
You’ll likely receive a decision immediately after you submit the prequalification form. If there are issues with your form, however, you may have to wait up to a few weeks for a decision.
Compare other credit cards on the market. Consider factors such as the card’s annual fee, APR and rewards structure.
Customer reviews for the Milestone Mastercard® vary drastically online. Among the more positive reviews, people have cited how it’s an easy card to get if you have poor credit. In order to get the most out of the card, they report how they keep a low balance on it and pay it off on time every month in order to hopefully upgrade to a better card later on down the road after they’ve built up their credit history.
However, others complain about high APRs and annual fees, as well as no credit increases. Some customers were unhappy with how long it took them to actually get the card after they’d completed the required forms — with many saying it took over two months to receive the card in the mail. There are also multiple reports of poor customer service — whether it’s calling them to ask when they’ll receive their card, or having an issue closing their account down. You should also be wary of getting billed for extra charges, with one reviewer stating they were charged an over-limit fee even though they never signed up for the over-limit coverage.
The Genesis FS Card Services, Milestone Mastercard®‘s card issuer, is rated A- by the Better Business Bureau (BBB) where it’s been accredited since 2014. As of October 2020, more than 300 complaints have been resolved out of 1,000.
If you have less than perfect credit and have found it hard to get other credit cards, then the Milestone Mastercard® may be an option for you. However, with an annual fee, high APR and expensive late and returned payment fees, this credit card could easily become more money than it’s worth. Also keep in mind that customers have cited being stuck with its original minimum credit limit of just $300 and have complained about poor customer service, too. As always, you should consider your different options and your financial situation before you choose a credit card.
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2 Comments
August 30, 2017
How much is the overlimit fee?
August 31, 2017
Hi Latrondra,
Thanks for your question. Overlimit fee is upto $38. That is, if you’d been charged overlimit fee during the last six billing cycles, it will be $38. Otherwise, the overlimit fee will be $27. Kindly note that you may be charged two additional overlimit fees if your new balance remains over your credit limit as of the payment due date in future Billing Cycles. You may click the “More Info” link above for more details.
Kind regards,
Liezl