Reviews
Milestone® Mastercard® Review: Boost your credit
When you're working on improving your credit score, it's important to find the right tool for the job. So is Milestone® Mastercard® the best option? Let's take a closer look at our review.
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Milestone® Mastercard®: know if it’s the best option to improve your score
Millions of Americans are trying to improve their credit scores. On this path, getting a new credit card can be the key to raising your bad credit. If that’s the case, read the Milestone® Mastercard® review.
Milestone® Mastercard® is one of the many credit cards designed to rebuild credit on the market.
How to apply for the Milestone® Mastercard®?
If you need to build credit and don't want to pay a security deposit, read our post to learn how to apply for the Milestone® Mastercard®!
But is it really the best option? How does it compare to other options to improve your credit score? Is this card worth your time and money?
See our Milestone® Mastercard® complete review to find answers to all questions. Stay tuned!
- Credit Score: bad to fair;
- Annual Fee: $175 the first year; $49 thereafter;
- Regular APR: 35.9%;
- Welcome bonus: N/A;
- Rewards: N/A.
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Milestone® Mastercard®: how does it work?
The Milestone® Mastercard® is one of the many credit cards designed to help consumers with bad or limited credit history improve their credit scores.
However, this card has a relatively high annual fee compared to competitors, which may be hard to pay if you’re struggling with cash.
It’s a shot in the dark because its ongoing annual fee can cost you $175 the first year; $49 thereafter.
It has an expensive APR (annual percentage rate). So, you may end up paying higher fees and drowning even more!
Another thing to watch out for is that the terms for fees are buried in the bottom lines. Be sure to read the fine print and understand everything there’s to know before you consider applying.
Aside from that, this card also offers a number of features—like most credit cards for bad credit—to help cardholders rebuild their credit.
Milestone® Mastercard® reports to all three major credit bureaus, so using it responsibly and being aware of its fees and costs can help improve your credit score over time.
Additionally, there are a number of tools and resources to help cardholders manage their finances and stay on track with their payments, such as “set payment” so you won’t forget to pay your bills on time.
Milestone® Mastercard® is an unsecured card, which means you won’t have to pay a secured deposit to use it.
Also, it doesn’t come with any signing bonuses or rewards.
Overall, the Milestone® Mastercard® is hard to recommend as a good card because of its high fees and APR.
However, it has the potential to be a helpful tool for rebuilding your credit, as long as you know exactly what you are digging yourself into.
Milestone® Mastercard®: should you get one?
If you are looking for a credit card to rebuild your credit, we are going to review some of the pros and cons of the Milestone® Mastercard®.
Then you’ll have a wider picture of what to consider before deciding whether or not you should take it.
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Pros
- Rebuild credit;
- Zero Liability Guarantee;
- Identity Theft Monitoring;
- Designed for poor or fair credit;
- $700 credit limit.
Cons
- High annual fee ($175 the first year; $49 thereafter);
- High APR (35.9%);
- No rewards;
- No signing bonuses.
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Credit score required
You don’t need a high score to apply for Milestone® Mastercard®. It accepts applications from poor to fair consumers.
Milestone® Mastercard® application: how to do it?
In case you consider the Milestone® Mastercard® to be the ideal card to rebuild your credit, read our review about its application.
There you’ll be welcomed with fresh information about requirements, processes, and more. Learn how to apply by reading our post below.
How to apply for the Milestone® Mastercard®?
If you need to build credit and don't want to pay a security deposit, read our post to learn how to apply for the Milestone® Mastercard®!
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