Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

Unsecured starter credit card for fair credit. Helps to build and rebuild credit.

Updated: Apr 7, 2021

Advertiser Disclosure

This Milestone Mastercard card is an unsecured card for less than perfect credit. It means that there is no initial safety deposit that you need to pay once opening a card. There is an initial opening fee, though, and you'll be charged one according to your credit score. If your credit score is particularly poor, you're going to get the fee. The card is from the Bank of Missouri and designed for people suffering from bad credit, or people who are looking to build theirs from scratch. Consistently working on your credit score is going to improve it, and make you eligible for a better card.

ANNUAL FEE

See Terms

ONGOING APR

24.90%

INTRO APR

N/A

141 User Ratings

Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

at Milestone's Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Minimum Credit Score

Fair

Key Features

  • Easy pre-qualification process which does not affect your credit score
  • Less than perfect credit is okay
  • 24/7 access to your account information, even on mobile
  • Protection from fraud, if your card happens to be lost or stolen
  • Account history is reported to the three major credit bureaus in the U.S.

Our Take

When you’re suffering from less than ideal credit, you want to do everything in your power to repair it. Credit reparation isn’t going to be an easy task and requires quite a lot of things. The first thing is a strategy, and the second is a sound, unsecured credit card, like the Milestone Mastercard – Unsecured For Less Than Perfect Credit.

Who Is the Milestone Mastercard Good For?

  • Good for those with bad credit. This card is an ideal option for anyone suffering from a less than perfect credit score, or people who are looking to build it from the ground up. It comes packed with all the necessities that you need to get your credit score up there. Once you improve your credit score up to a particular extent, you can expect to gain a multitude of different benefits. Having a high credit score gets you quite a lot of advantages in itself, but it also allows you to get better cards.
  • Good for anyone, literally. The Milestone Gold card is ideal for anyone – business transfers to the USA, people with damaged credit scores, or people who are looking to start off on the right foot. The card is issued by the Bank of Missouri, a reliable bank known for its long service. It’s not only issued by a very reputable bank, but it’s serviced by the best in the industry. It’s maintained by the Genesis FS Card Services, the service that functions the best cards around.
  • Good for those who are seeking soft inquiry pre-approval. Its pre-qualification process is swift, and the answer is almost always definite. The approval ratings of this card are sky-high, meaning that you’re unlikely to get rejected. Even if you do not meet the minimal requirements for this card (which is a hard task in itself), your credit score isn’t going to suffer. The pre-qualification process of this card doesn’t trigger a hard inquiry into your prior credit history, meaning that it’s not going to damage your credit score. Soft inquiries into your credit history do not harm your credit score or show up on your credit report.

What are the Unsecured For Less Than Perfect Credit Card Benefits

  • Unsecured credit card. An unsecured credit card is a credit card that doesn’t require a security deposit to be approved or to get your credit limit increased, once approved. When people use the term credit card, what they are really referring to is an unsecured credit card. An unsecured credit card is favored by all three credible and relevant credit bureaus, which are TransUnion, Experian, and Equifax. When you’re using an unsecured credit card and paying all of your dues on time, you can rest assured that your credit score is going to increase. 
  • Anyone can get pre-approved. Another essential thing about this card is that it’s virtually available to any American citizen or a permanent resident over the age of 18. The requirements for this card are meager. So, you’re likely going to get approved as long as you provide all of your information. The full approval and pre-qualification process are done through the internet, meaning that it’s not going to take a lot of time. The answer to your pre-qualification process is also going to come in a very timely manner, meaning that the whole process is going to resolve itself quite fast.
  • Additional gold benefits. The unsecured aspect of this credit card isn’t the only thing it has in its credit building arsenal. There are all the Mastercard Gold-based features included within this card, and this consists of a wide array of credit building perks and price protection features.
  • Zero liability. One of the best price protection features is the zero liability for unauthorized purchases feature, and the warranty features associated with the Milestone Gold Mastercard. If you notice that your card has been charged for a purchase that you haven’t made, you can rest assured that you’re going to be refunded the money, and the purchase is going to be canceled. The Mastercard system will refund your money and ask you to change your pin code, which is absolutely free.
  • 2X Warranty. Another great perk is the warranty doubling features, where Mastercard will double any warranty offered by an item manufacturer up to 48 months. This means if an item offers a two-year warranty, Mastercard is going to provide a four-year-long one instead.
  • Low foreign transactions fee. If you enjoy traveling abroad and shopping out there, you’re going to love the fact that this card comes with a very reasonable fixed foreign transaction fee (see cards with no FX fee), capped at 1% of the total amount. This isn’t significantly different from other cards in this niche, but it’s still a beautiful thing to have.

Are There Any Disadvantages?

Sadly, yes. There are a couple of disadvantages, most of which are centered around the relatively small purchasing power that this card has, and the many fees associated with it. One of the most significant issues with this card is that it comes with quite a lot of costs, and may come with even more.

  • Low initial credit. An optional fee is an initial card opening fee. Not everyone is going to be charged this, but people with particularly low credit scores will. This is only worsened by the fact that you’re not going to be told about this fee on the website, meaning you already have a payment once you activate your card.
  • High fees. Take into account all of these fees and the relatively high APR rating, and combine them with a late payment fee and penalty APR. This gives you quite an expensive reason not to miss out on any payments. Getting your credit up to a significant amount is going to take quite a lot of time and strategic thinking. This is why having a great tool like this is essential. But, in every purchase, you have to account for the fees that will be charged, or you could be purchasing more than you can afford.
  • Can also damage credit. Purchasing more than you can afford to pay off is going to reflect negatively on your credit score. This card reports all of its spendings to all three of the significant credible credit bureaus, meaning it can fix your credit score as quickly as it can tarnish it.

Should You Use This Milestone Mastercard?

If you’ve made some mistakes in the past and are looking to correct them credit-wise, you’re going to need a great unsecured credit card to help you on your credit repair journey. The Milestone Mastercard -Unsecured For Less Than Perfect Credit is an excellent option for fixing your credit. It has a unique set of features to help you build your credit, and secure you at the same time. All the standard Mastercard Gold benefits apply, and since it reports to all three major credit bureaus, it’s going to help you repair your credit score in no time.

Other Milestone Credit Cards

Frequestly Asked Questions

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Basic Information
Issuer: Bank of Missouri
Network: Mastercard®
Category: Consumer (Regular)
Best Used For:
  • Instant Decision
  • Unsecured
  • Building Credit
  • Pre-Qualification
Rewards: No
Rates & Fees
Regular APR: 24.90%
Regular APR Type:
Annual Fee: See Terms
Balance Transfer: No
APR on Cash Advances: 29.90%
Grace Period: 25 days
Late Payment Fee: Up to $40
Other Fees:
  • Annual Fee: $35 $99*
  • Returned Payment: Up to $40.00
  • Foreign Transaction Fee: 1%

Milestone® Mastercard® - Unsecured For Less Than Perfect Credit Alternatives


Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

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Annual Fee

See Terms

Regular APR

24.90%

Intro APR

N/A

Min. Credit Level

Fair

Additional Information & Comments

*Depends on your creditworthiness
**Complete the Pre-Qualification form and the bank's tool would match the best Milestone Gold Mastercard offer to you based on your current credit profile.

IMPORTANT
*The information provided for Milestone® Mastercard® - Unsecured For Less Than Perfect Credit is believed to be accurate at the time of evaluation or recent update on April 7, 2021. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

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Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

Milestone® Mastercard® - Unsecured For Less Than Perfect Credit

Min. Credit Required: Fair

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