By : 
Mr Credit Card
Mr Credit CardQuick Introduction
Possible Terms Compared
| Milestone Card Terms | Indigo Card Terms | ||||||
|---|---|---|---|---|---|---|---|
| Ann Fee | Mon Fee | APR | Limit | Ann Fee | Mon Fee | APR | Limit |
| $0 | N.A. | 24.9% | $300 | ||||
| $35 | N.A. | 24.9% or 29.9% | $300 or $700 | ||||
| $59 | N.A. | 24.9% or 29.9% | $300 or $500 | $59 | N.A. | 24.9% | $300 |
| $75 Y1 Then $99 | N.A. | 24.9% or 29.9% | $300 or $500 | $75 Y1 Then $99 | N.A. | 24.9% or 29.9% | $300 |
| $99 | N.A. | 35.9% | $400 | $99 | N.A. | 29.9% | $400 |
| $125 | N.A. | 29.9% or 35.9% | $500 | $125 | N.A. | 29.9% | $500 |
| $75 Y1 Then $49 | N.A. | 35.9% | $1,000 | ||||
| $75 Y1 Then $49 | Y1=$0 Y2=$8.25/m | 35.9% | $300 | ||||
| $125 Y1 Then $49 | Y1=$0 Y2=$10.40/m | 29.9% or 35.9% | $500 | ||||
| $175 Y1 Then $49 | Y1=$0 Y2=$12.50/m | 35.9% | $500 | ||||
Both Milestone and Indigo make you go through a pre-approval process with no impact on your credit score (ie soft pull). Based on your credit report, you might be offered any one of these offers. If you were to compare them side-by-side, a few things stick out. The first is that Milestone has some offers where they charge a monthly fee whereas Indigo does not charge any monthly fee at all for all. So the offers from Milestone that have monthly fee are clearly not as competitive as those from Indigo's other versions.
However, both Milestone and Indigo share many similar versions. The $59, $75, $99 and $125 annual fee versions are essential similar. Indigo has a no annual fee version which Milestone does not have. And Milestone has a $1,000 credit limit version (with a $75 annual fee for the first year and then $49 thereafter) which Indigo does not have.
Other Similarities
- Both Marketed by Genesis Finanical Services - Both the Milestone and Indigo credit card are marketed by Genesis Financial Services and have the following similarities.
- No Credit Limit Increase - Both cards do not offer any credit limit increase. Once your credit limit is set, it is fixed for as long as you have the card.
- Pre-approval Process - Both credit cards require you to go through a pre-approval process where they will do a soft pull without impacting your credit score. If you are are pre-approved, you will be shown the terms and conditions that you will be given. You can then decide if you want to proceed to apply (this second step will involve a hard inquiry on your credit report).
- No Mobile App - Unfortunately, both these cards are slightly behind the times and still do not have a mobile app.
Other Differences
- Different Bank Issuer - The Indigo credit card is issued by Celtic Bank while Milestone is issued by Bank of Missouri.
Which is better? Milestone or Indigo credit card?
Milestone has a $35 annual fee version which Indigo does not have. But for the $59 annual fee version, Milestone has a $300 or $700 credit limit version whereas Indigo only has a $300 credit limit version for the $59 annual fee version. So Milestone is better in this case.
Milestone could offer you versions with monthly fee (which Indigo does not have). I would avoid them because the fees are too high.
To sum up, because both cards offer so many versions with different fees, it is hard to say which card is better. It depends on what terms you are offered. As both cards make you go through a soft pull pre-approval process, you should go through the process with both cards (and possibly others that offer a soft pull pre-approval process). The two things you have to bear in mind for these two cards is that they do not increase your credit limit and they do not have any mobile apps.