Milestone Gold Mastercard Review - Get your credit at finder US

Review: Milestone® Gold Mastercard® – February 2018

If you’re looking for a basic card to improve your credit, the Milestone Gold Mastercard could help.

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.

Product NameMilestone® Gold Mastercard®
APR for Purchases ( Purchase Rate )23.90% variable
Annual fee$75 first year, $99 thereafter
Cash Advance Rate29.90% variable
Card TypeMastercard
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 25 days
Returned Payment Fee$38
Minimum Interest$0.50
Minimum Credit ScorePoor (Below 660)
Minimum Age18 years of age
Annual fee$75 first year, $99 thereafter
Returned Payment Fee$38
Over The Credit Line Fee$38
Late Payment Fee$38
Cash Advance FeeFirst year: $0. After first year: $5 or 5% of the transaction amount, whichever is greater (not to exceed $100)

The basics

If you are trying to improve your credit, hard checks on your credit can negatively affect your score. But applying for the Milestone® Gold Mastercard® won’t affect your credit at all. In fact, you can prequalify online with even poor credit.

As far as benefits go, the Milestone Gold 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 or rebuild your credit, you’ll appreciate regular reports of your responsible spending to all three major credit bureaus: Experian, Equifax and TransUnion.

You’ll pay an annual fee of $75 to use this card for the first year and $99 each year thereafter. And in addition to keeping up with card payments, you’ll want to avoid cash advances: The penalty APR for late payments and cash advances are a steep 29.90%. Activating overlimit coverage also comes with fees.

The benefits

  • Custom card design. Express yourself through a free customer design for your Milestone Gold Mastercard.
  • 24/7 access to account and bill pay. Manage your account and pay your statements online whenever you’d like.
  • Mastercard Gold benefits. Access the Mastercard suite of benefits that include Global Service, price protection and travel assistance.
  • Reports payment history to credit bureaus. Build or rebuild your credit through everyday spending, with your payment history reported to Equifax, Experian and TransUnion.
  • Optional overlimit protection. Pay a fee for coverage that prevents declined transactions if you exceed your account balance.
  • Prequalify without affecting your credit. Most card applications require a hard pull on your credit. But preapproval for the Milestone Gold Mastercard comes with no impact on your credit.

What to watch out for

  • Multiple fees can add up. On top of an annual fee, you’ll pay for basic services like adding authorized users and getting copies of old statements. You’ll also pay a fee for late or returned payments If you exceed your account balance, you face fees of up to $38. Fees depend on your payment history, resulting in lower fees if you pay on time.
  • No grace period on cash advances. Be careful with cash advances — they begin accruing interest on approval.
  • No balance transfers. The Milestone Gold Mastercard won’t allow you to transfer or consolidate debt from other cards.

What should I know before I apply?

To apply for the Milestone Gold Mastercard, you must be at least 18 years old and a resident of the United States.

Always consider your options and your financial situation before you apply for a credit card.

Information you’ll need

  • Full name and contact information
  • Residential status
  • Annual income, source of income and employment information
  • Social Security number and date of birth
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2 Responses

  1. Default Gravatar
    latrondraAugust 30, 2017

    How much is the overlimit fee?

    • Staff
      LiezlAugust 31, 2017Staff

      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

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