Milestone® Gold Mastercard® Review

Milestone® Gold Mastercard®

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Milestone® Gold Mastercard®

• Rewards Rate:
  N/A
• Welcome Offer:
  N/A
• Annual Fee:
  $35-$99
• Regular APR:
  24.90%
• Balance Transfer Intro APR:
  N/A
• Purchase Intro APR:
  N/A
• Highlights
  • A Mastercard designed for you
  • Build on your credit history with the Milestone Mastercard
  • Quick and easy pre-qualification that does not impact your credit score
  • Get access to credit when you need it
  • Get a Mastercard accepted online, in store and in app.
  • Get credit for all of your hard work. Milestone Card reports to all three credit bureaus
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The Milestone® Gold Mastercard® is a credit card designed for rebuilding credit. This card has flexible approval requirements, a competitive annual percentage rate (APR) and comes with the Mastercard Gold benefits. Further, all payment activity is reported to the three credit bureaus (Experian, Equifax and Transunion). As long as you are managing the card responsibly, it can help you build a positive credit history . However, before you sign up, you should compare it against other entry-level credit cards, as there are alternatives that offer more in terms of affordability and perks.

What we like about the Milestone® Gold Mastercard®

• The card comes with chip protection to add additional fraud protection.
• Customer service is available online, 24 hours a day, seven days per week.
• IDT provides numerous resolution services if your identity is stolen. It will search the web routinely looking for compromised credentials, send alerts and send a monthly newsletter with information on your risk score and educational articles about good identity protection practices.
• You will also have access to a team of identity theft resolution specialists who are available around-the-clock if you need help resolving an identity theft incident and preventing it from happening again.
• You get 15% savings on airport meet-and-greet services. You will even have your very own personal agent to escort you through the airport, and in some airports, you may be expedited through security saving you a lot of time.

Things to consider

• The credit line is $300, which limits this card to smaller purchases.
• If your payment is late, you can be charged late fees and a penalty APR.
• The annual fees can range from $35-$99, and you won’t know what your annual fee will be until you are approved.
• The annual fee gets deducted immediately from the $300 credit limit right when you open the card, further limiting your purchase power.
• There is no balance transfer option.
• There are no rewards or cash back programs.

Milestone® Gold Mastercard® subprime card details

The Milestone® Gold Mastercard® is designed for people who have no credit or bad credit, so you can likely get approved even if you have no credit history or have made financial mistakes in your past. You don’t have to have good credit to be approved, and the 24.90% APR is competitive compared to other cards for people with lower credit scores.

Even better, the pre-approval check can be done instantly and won’t impact your credit score. Once you get approved, there is a 25-day grace period to make payments without interest.

Milestone® Gold Mastercard® fees

The Milestone® Gold Mastercard® offers different annual fee structures depending on your credit score. People with higher scores may pay a fee as low as $35 a year, while those with lower scores will pay $59 or $75 for the first year and $99 a year thereafter.

The annual fee you get is based on your creditworthiness and will be deducted from your credit line as soon as your account is opened. The Milestone® Gold Mastercard® also comes with a up to $40 fee for late payments, returned payments or going over your credit limit.

As for the interest costs, this card offers a 24.90% APR, which is fairly competitive considering the card is for people with subprime credit. However, if you are late on a payment, the APR jumps up to the N/A penalty APR. Unfortunately, one late payment may put your account in late fee status indefinitely.

How does it compare to other cards for subprime credit?

If your credit is less-than-perfect, you can consider this card, but it’s not your only option. Aside from the Milestone® Gold Mastercard®, the Capital One Platinum Credit Card and the Credit One Bank® Visa® for Rebuilding Credit are two similar unsecured credit cards aimed at helping people rebuild their credit score.