Milestone Mastercard Review. Milestone cards come with 3-bureaus credit reporting, unsecured credit line, and fast online pre-qualification. But, be aware of fees.
Milestone Gold Mastercard Credit Cards are unsecured cards and are ideal for people with less than perfect credit scores who want to rebuild their scores. This Gold Mastercard is good for applicants with a prior bankruptcy, too. All of these cards are issued by the Bank of Missouri, which is a renowned, FDIC-insured bank serving the people from 1891. They are further serviced by Genesis FS Card Services, Inc. They’re ideal for people without any prior credit history.
Milestone Unsecured Cards Come in Different Variants
- Gold Mastercard
- Less Than Perfect Credit Considered
- Mobile Access to Your Account
- Unsecured For Less Than Perfect Credit
- Card with Choice of Card Image at No Extra Charge
All of these cards are very similar, but they differ in how they can help the policyholder improve their credit score. Another thing that ties all of these together is the rapid pre-qualification process. It isn’t only going to save a lot of time, but it’s not going to impact your credit score in any way. Since all of these cards are credit building cards, they’re not expected to come chock full of benefits. This is where Milestone cards differ from their peers, as they’re based upon the Mastercard Platform. Cards that work through the Gold platform come with some of the best benefits around. And that’s not all. The main advantages of these cards are their notable security features.
These cards report to all 3 of the major credit bureaus (Explained), which help you improve your credit score, in virtually no time at all. Improving your credit isn’t going to be an easy or quick task. While Milestone’s unsecured cards might be the ideal tool for the job, knowledge is power in this case. Having a good credit score is an essential part of your adult financial wellness, and it will make you eligible for all sorts of things, such as:
- Insurance rates
- Better credit cards
- Lower interest rates
- Better car insurance
- Better chances of landing a job
A good credit score isn’t only a financial status; it’s a life statement. If you have a good credit score, you’re regarded as reliable, responsible, and able – all of which are traits that employers seek. Improving your credit score requires the proper tools, proper responsibility, and a good credit improvement strategy. These cards will make this process a walk in the park. If you’re interested in learning more about these cards, you’re going to find all the information you desire below. This is going to be an objective review, meaning that you’re going to get a professional, unbiased, and accurate opinion on all the dividends and disadvantages that this card brings to the table.
Milestone Gold Mastercard Offer Details
The features are indeed a shining star when it comes to the Milestone Gold Mastercard assortment. They’re genuinely an essential tool to supplement any credit reparation or building strategy. Unlike most credit building cards that provide a certain amount of benefits, these Mastercard based cards differ significantly.
Good Unsecured Card
Since these cards come with all the benefits mentioned above, they make an ideal card for anyone who wants to rebuild their credit history. While there are endless amounts of card issuers and companies, a tiny amount offers ones that come based on the Gold Mastercard platform.
These benefits make people strive to have a great credit card, such as the ones. Since Milestone Gold Mastercard offers are purposefully built around people with no prior credit history or a poor one, the application process is very simple, straightforward, and quick.
Not only is the pre-qualification and application process fast, but the approval rates are high. The whole process is done through the internet, on the straightforward Milestone Card website. This website isn’t going to confuse you or attack you with toxic touchy advertisements. It’s a slick, simple, guided form that you can complete in a matter of minutes. The pre-qualification process most often triggers a hard inquiry into your credit history, which can actually harm your credit score further.
Does Not Affect Your Credit Score
Even if this might sound a little counterintuitive, it’s the way things are. These cards, on the other hand, do not trigger a hard inquiry into your prior credit history, thus keeping your credit score the same throughout the whole prequalification process. However, applying for the card will affect your credit. You’re almost guaranteed to get preapproved for it.
Long Other Benefits List
When it comes to what this card has to offer, aside from some excellent characteristics, you’re eligible for all Mastercard Gold benefits, such as:
- Luggage insurance
- Personal assistance
- Price protection
- mBanking and eBanking features
- Transport accident insurance
- Contactless payment
- Helpful road assistance
Requires No Security Deposit
The offer doesn’t end at the great features, though, as these cards come with many other benefits. One of the most prominent features aside from the approval rates is this one: no security deposit required. Most unsecured cards that are designed around people with weak credit don’t come with nearly as many benefits as this one – let alone the no security deposit required feature. This makes the Milestone Gold Mastercard one of the best credit rebuilding cards around, but like any other, it indeed can be better. These features come at a cost, and even if there is no initial security deposit, the card has a relatively high APR rating. This process is only worsened by the potential for a very high annual rate. These bad features are genuinely less than ideal, and there are more of them.
Even if the card doesn’t require an initial security deposit, that might be due to its relatively low initial spending limit. It’s spending limit is capped at a starting $300, which is genuinely meek when compared to its competition.
Why do We like Milestone Cards?
It’s relatively hard not to like the Milestone Gold Mastercards. They’re not only great at serving their purpose as a credit rebuilding card, but they’re also packed with features.
Unsecured card. People who don’t have a high credit score don’t have a lot of money in their pocket outright. Taking the initial security deposit truly makes these cards available to those who need them. A card that doesn’t require an initial security deposit is known as an unsecured card. Unsecured cards are regarded as better by the three major credit bureaus. They are held in high regard for their credit reparation and building potential. If you need a card to repair your credit, you need an unsecured card.
Pre-qualification process. The pre-qualification process doesn’t even affect your current credit score, as it doesn’t trigger a hard inquiry into your credit history. Hard inquiries can tarnish your credit score before you’ve even begun repairing it, thus making the whole credit repair strategy obsolete – and setting it back by quite a lot.
Tool to fix a credit score. When you’ve tarnished your credit score in the past, it’s not always easy to get back on track. The first thing you need to do is get ahold of yourself and develop a credit reparation strategy. There are innumerable benefits to having a good credit score, which would be a complete review of their own. The second most important thing in your credit reparation strategy is a sound credit reparation card. Credit reparation cards like this one don’t usually come with many benefits. While Milestone Gold Mastercard offers don’t come with airline miles, cash-back features, or perks – they come with a wide array of benefits catered around security and helping you get your credit back on track.
Low international transaction fee. When it comes to these benefits, they’re very pleasurable. Not only is Mastercard accepted virtually everywhere, but the card in question also has a very low foreign transaction fee (see offers with no FX fees). Since there are a lot of costs, it’s surprising that the foreign transaction fee is capped to 1%. This means that the card is very travel-friendly. If you’re not in the best financial position to travel, you’re going to find that the other Mastercard features will make sure you’re taken care of.
Reliability. Another thing we adore about this card is the fact that it’s reliable. It’s issued by the Bank of Missouri and insured/ serviced by Genesis FS Card Services, which is a top of the line servicing agency. Both of the agencies associated with this card are highly reputable. They have a clean sheet of work, meaning that you don’t have to worry about safety.
Security. It comes with many security features, and most importantly, protects you from unsolicited charges and identity theft.
What Can Be Better?
While the card is excellent, it does come with some faults that we can’t overlook.
Credit line. The first thing that comes to mind is the meager purchasing power that it has. The purchasing power of the card is relatively low, as it’s initially capped at only a mere $300. This is below the industry standard for unsecured credit cards. While unsecured credit cards have smaller purchasing power than regular credit cards, it’s still a big difference. When you’re attempting to repair your credit, you have to spend money on your credit card. This is not easy if you don’t have any purchasing power, and in this day and age, $300 isn’t going to get you very far.
Card fees. When you’re shopping with a credit card, you’re not only spending money on the product itself. The annual fee is a significant thing, and so is the APR. While the yearly price and APR aren’t nearly as high as some cards in the unsecured card niche, they’re still pretty significant. When you don’t have a high credit score, you’re more often than not sitting on a pile of money. These fees and APR can cut down your budget significantly and take a toll on the low purchasing power of this card. While the late fees and APR penalties can stack up to quite a significant amount, the solution to this problem is quite simple – all you need to do is to remain responsible with your payments and make sure all dues are met on time. Never purchase something you can’t afford just because you have credit, as doing this will ruin your credit score in a flash.
Website. While the Milestone Gold website is reasonably simple, and all the forms and applications are natural. The card itself is reliable and viable. You’re going to find all the information you need on the card on the website, but you’re going to have to dig to find it. The information on the website is relatively concise in most parts, but some things like fees information are harder to find.
Customer support. Another outdated feature of this card is its email feature. While emails are reserved for more essential inquiries such as credit cards, a live chat option would definitely be helpful. While the application, management, and use are all made through the internet, to reach customer support, you have to call a landline. And then we have customer support. Their support isn’t up to standard, and waiting for an operator to answer your call is going to take quite a lot of time.
Usage / Applications
One of the best features of this card is its widespread application. This card is extremely versatile in its use, and it’s all due to the Mastercard platform. The Mastercard platform is the second most accepted card platform in the world, just behind VISA. Just because it’s behind VISA in popularity doesn’t mean its application is hindered in any way. Mastercard is accepted in virtually all eCommerce stores that accept cards, and in 210 different countries. When it comes to money withdrawal, you’re going to be pleased to know that over 35 million different locations allow you to use your Mastercard, all across the world.
Good for travelers. If you’re a frequent traveler, you can rest assured that the Milestone Gold Mastercard is going to make a perfect traveling companion. Almost every bank in the world accepts a Mastercard, so if you need some quick cash, an ATM is going to take your card. Virtually any place in the world which accepts cards is going to take this card. It’s accepted across all online retailers, and it’s price protection features are going to guarantee you’re getting the best deal possible. Another significant thing about the Mastercard platform is that it comes with some essential safety features. It’s the 21st century, and personal information is one of the most critical assets we hold. This is where the card’s identity theft protection features come into play. Even if you’re shopping on an obscure website that doesn’t seem too trustworthy, if you make a blunder, you’re going to be safe.
Good for everyday purchases. Since this card is so widely accepted, you can use it as a daily or specific card. Keep in mind the APR and purchasing power. If you frequently purchase with this card, you’re going to see your credit score skyrocket.
Good for rebuilding credit. People who are looking to rebuild their credit, or repair their damaged credit absolutely need a card like this. If a card is as accepted as one based on the Mastercard, it’s going to allow the user to repair their credit score. The second most important part aside from an excellent credit reparation credit card is a credit improvement plan or strategy. The strategy isn’t going to be easy, and that is why there are agencies specialized around it. But, since you don’t have a high credit score, or are just starting your credit history, you’re going to want to make the plan yourself. Credit reparation agencies can be expensive, and getting one to create a credit improvement plan might wind up more costly than its worth. A credit reparation strategy should consist of constant monitoring, purchasing, and always paying your bill on time. Never purchase something you can’t afford to pay off. If you have a credit repair credit card, you want to use it as much as possible.
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The unparalleled usability of Mastercards means using it anywhere you can – stores, grocery shopping, and even for some minor expenses. And, you want to pay every single bill on time. If you do this, you’re going to avoid any late fees or penalty APRs that might harm your credit and improve your credit score overall.
Other Benefits and Perks
The Milestone Unsecured Credit Card has plenty of benefits, most of which are based around the Mastercard platform.
- Roadside assistance. The other Mastercard perks and benefits that come with this card are plentiful, and one of the most important is roadside assistance. If you’re traveling anywhere in the US, and your car seems to be malfunctioning or completely breaking down, contacting Mastercard is going to send help to you.
- Travel assistance. This is as easy as dialing the network number. They will help you get your vehicle back on track and will reach your destination. This isn’t the only form of assistance that Mastercard-based cards have to offer, as there is also travel assistance.
- Car rental insurance. If you’re traveling, you’re going to benefit from the Mastercard car rental feature. These cards will insure your rented car if you damage or break it, and will cover any expenses that might arise around the issue. This works if you’ve paid for the rental through your Mastercard. It won’t work if you’ve paid in cash or via another card.
- Purchase protection. Purchasing things isn’t as simple as it used to be. Before, all you had to do was get your cash, go to the store, and buy your desired item. Since most of the shopping we do nowadays is through the internet and eCommerce stores, you cannot actually test the item before you’ve bought it.
- Extended warranty insurance. This is why Mastercard cards come with the extended warranty feature, which protects you from any issues that might arise. This feature doubles the original warranty of the manufacturer, up to four years. So, if an item has a two-year warranty (the maximum that Mastercard works with), and you’ve paid for it with your card, then you can rest assured that the warranty is going to last double that amount.
- Price protection. Have you ever bought anything that you’ve later found at a lower price? Well, with Mastercard cards, you’re going to be reimbursed for the price difference if you find the same item at a lower price. You only have sixty days from the purchase date to utilize this feature, so be careful.
How Easy & Convenient is It to Use the Card?
Using this card is extremely convenient and easy. Since it’s based on the Mastercard platform, which is one of the most popular card platforms around, you can rest assured that you’re covered virtually anywhere you go. This card is accepted in over 210 countries worldwide, at around 35 million different spots. If you’re looking for an ATM or you want to purchase a product, you’re going to be able to use this card. The convenience doesn’t end with this, as you have a multitude of Mastercard Gold features to fall back on after the purchase. For example, the price protection and the extended warranty make this card one of the best in the niche. The whole process of pre-qualification to activation is going to be very quick, as most of it is done online.
What are Qualification Requirements?
The qualifications and requirements related to this card are incredibly pleasurable – as this card is for everyone. If you have a low credit score, prior bankruptcy, or are merely looking for an excellent tool to help you rebuild your credit, you can get it. If you’re over 18 years of age, you’re most likely eligible for this card. The requirements are nothing special. You need to be at least 18 years of age and fulfill all the other federal regulations for a credit card. It means that you have to provide your name, residency, SSN number, proof of identity, phone number, and that’s almost it.
Since this card is purposefully catered around rebuilding your credit score or repairing it, you’re practically guaranteed to get approved. Before you get the card, you will need to finish the pre-qualification and qualification process, which is very quick. The results are even quicker, and you’re going to know if you’re eligible for it in no time. Generally, if you have a credit score below 600, this card is going to be ideal for you.
How to Apply for Milestone Mastercard?
If you want to apply for the Milestone Gold Mastercard, you will have to qualify and fill application on their official website, which you can access online by clicking “Apply Now“. Before you apply, though, you’re going to have to finish the pre-qualification process. While other policy issuers might make a hard inquiry into your credit history – this one doesn’t. This means that you’re not going to have to worry if your credit score is going to be tarnished by the pre-qualification process, as it isn’t.
Information Needed to Apply Online
The application form is slick, simple, and will guide you through the whole process. You’re going to have to provide the following information:
- First name, Middle and Last names
- Suffix (if you have one)
- Email address
- Full Address, city, and zip-code
- Date of birth
- Primary & secondary phones
When you provide all this information, you are going to finish the pre-qualification process. It’s going to take the system only a little while to check your information, and you’re going to receive a reply concerning your pre-qualification very soon. After you receive your response, which will most likely be positive, you will have to order your card. After your card arrives, it’s going to require activation. You can activate your Milestone Gold Mastercard online by entering the following information: Account Number, Date of Birth, and Social Security Number.
How to Contact Milestone Mastercard Support
- Customer Service Phone: 1-866-453-2636 (Monday – Friday, 7:00am – 10:00pm Central Time)
- Correspondence Address: Genesis FS Card Services, PO Box 4477, Beaverton
- Account: Login To Milestone Account.
Milestone Corporate Office Address
Milestone Gold Card
15220 NW Greenbrier Pkwy
Beaverton, OR 97006
The card in question is an excellent tool for people who want an unsecured credit card for their credit re-building or fixing needs. Utilizing this card within your credit strategy is going to be very beneficial, even if it does come with its faults. The cards in the Milestone Gold offer include:
- Mobile Access to Your Account
- with Choice of Card Image at No Extra Charge
- Gold Card from Milestone
- Less Than Perfect Credit Considered
- Unsecured For Less Than Perfect Credit
These cards are insured and serviced by the Genesis FS Card Services and issued by the reputable Bank of Missouri. A great benefit of this card is its credit rebuilding approach. It reports to all three major credit bureaus, which are TransUnion, Equifax, and Experian. The features of this card are abundant, and they’re all the Mastercard Gold standard features. The card isn’t without its flaws, as it does have relatively high fees and a considerable APR, so make sure to keep that in mind when purchasing. This is not a credit reparation miracle. It is an excellent tool that, when used correctly, can do wonders to build up your credit score from scratch or repair it. Before you get into that, though, you’re going to have to consider making a credit reparation strategy.