Milestone® Mastercard® With Choice of Card Image at No Extra Charge

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Picture of Milestone® Mastercard® With Choice Of Card Image At No Extra Charge
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By : Mr Credit Card

Milestone Credit Card Details

Annual Fee $35, $59 or $75 1st Year, then $99
Application Fee N.A.
Monthly Fee N.A.
APR See Terms*
Intro APR N.A.
Grace Period 25 Days
Late Fee Up to $38
Over-the-Limit Fee $38
Penalty 29.9%
Foreign Transaction Fee 1%
Cash Advance APR 29.9%

Fees and Rates - As far as the annual fee goes, you might get either of three versions of the card each with different annual fees. The first version has a $35 annual fee. The second version has a $59 annual fee. The third version has a $75 annual fee for the first year, then a $99 annual fee from the second year onwards.


Prior to the financial crisis in 2008, consumers who have bad credit had many choices of sub prime cards. However, they all came with very high fees. The CARD Act imposed rules on the types of fees that can be charged by issuers and today, many of those cards are no longer around. The ones that survive have had to adjust their fees and be more "consumer friendly". The Milestone Mastercard is one of those cards.

Who Is Milestone? Or Rather Who Is Behind It? - This card is actually serviced and marketed by Genesis FS Card Services and issued through The Bank of Missouri. Genesis has been around since 2001.

Peer Comparison
Peer Comparison

Milestone Peer Comparison

Cards Card Details And APR
Credit One Annual Fee: $0 to $99
APR :19.74% to 25.74%
Surge Annual Fee : Y1 = $125, then $96
Monnthly Fee : Y1 = $0, then

APR : 29.99%
Verve Annual Fee : Y1 = $125, then $96
Monthly Fee : Y1 = $0, then $10/m
APR : 29.99%
First Access Annual Fee : Y1 = $75, then $48
Monthly Fee : Y1 = $0, then $6.25/m
App Fee: $89
APR : 29.9%
Total Visa Annual Fee : Y1 = $75, then $84
Monthly Fee : Y1 = $0, then $6.25/m
One-time Fee: $89
APR : 29.9%
First Premier Annual Fee : Y1 = $75, then $45
Monthly Fee : Y1 = $0,then $6.25/m
One-time Fee : $95
APR : 36%


In todays world, there are a few cards that we should be comparing this one with before coming to a conclusion.

The first card that we should compare this to is the First Premier Bank Card (FP). If you get approved for a FP card, you will have to pay a $95 processing fee and also a $75 annual fee. From the second year onwards, you will have to pay a $6.25 monthly maintenance fee (which works out to $75 a year). In addition, you will also have to pay a $75 annual fee. That means that from the second year onwards, the fees will work out to $150.

The second card to compare is the Verve (from Continental Finance). This card has an annual fee of $125 for the first year and $96 from the second year onwards. However, in addition to the annual fee, you also have to pay a $120 maintenance fee (billed at $10 a month). Therefore, the total fees each year will be over $200. The APR is also higher at 29.9%.

Another card that is worth comparing to is Credit One. In fact, if you look at the features side by side, you will realize that they are almost identical. Like this card, Credit One has a 23.9% APR. The annual fee ranges from $35 to $99 (pretty close to this card). The advantage that Credit One has is that you can also earn reward points for gas purchases (which is very rare for a sub prime card).

Pros and Cons
Pros and Cons


Pros and Cons of Milestone


  • Reasonable Fees

    - Milestone only charges an annual fee. They do not charge any application fee or monthly maintenance fees that are so common with other similar cards.
  • Free Payments

    - Unlike other cards, there is no fee for paying your bills with any methods. So whether you use snail mail, pay online or through the phone, you will not be charged an fee.
  • Pre-approval soft pull

    - Unlike most cards where application triggers a hard pull on your credit reports, Milestone lets you go through a pre-approval process first and it only generates a soft pull. If you are pre-approved and decide to apply, only then will you get a hard-pull.
  • Bankruptcy is OK

    - Milestone accepts applicants who have prior BKs in their record.


  • No Credit Limit Increase

    - Milestone does not give credit line increases. Most get a starting initial limit of $300 and have that limit for the rest of the time you have the card.
  • No App

    - As of now, Milestone has no phone app. However, you can still manage your account online via their website.
Our Take
Our Take

Is Milestone Credit Card A Good Card?

Based on the comparisons above, we can say that the Milestone Mastercard is one of the few very reasonable cards for those who have bad credit. Unlike many other cards in the past and cards like the First Premier and the Verve, they do not charge any application fees or monthly maintenance fees. All there do is charge an annual fee and that's it. If you have bad credit and are looking for an unsecured card, this card would be a candidate, as would be Credit One.

However, before we go out and apply for this card, there are a couple of things to bear in mind. Even though this card is targeted to folks with bad credit, there have been folks who have been declined. To increase your chances of approval, you should have certain pieces in place before you apply.

Firstly, your credit score should preferably be above 550. It is also important to have a checking account. If you have a record and a problem with the chex system, trying getting a second chance checking account. You should ideally have settled any charge offs and collection accounts. It is also better if you already have other accounts (in good standing) in your report (like secured cards or auto loans). Lastly, if you have any federal tax liens on your credit report, it is best to settle them and get them removed.

If your credit is in really bad shape, then we would suggest getting a secured card first (in fact, try getting two) and get that in your report for at least a few months. Cards like First Progress would be a good candidate.

If you already have a no annual fee card like Walmart (for example), and you do not have any real baddies on your report, or if you have settle old charge offs and collections, then you might want to consider getting another no annual fee card like the Rewards MasterCard from Barclays (see what consumers say here) or the NFL card (see review here).

But if you have a secured card and/or an auto loan under your belt and you have been rejected for no annual fee store cards or gas cards, then this card would be a step for those of you looking to get an unsecured card.


How To Apply?
How To Apply?

How to Apply For Milestone Credit Card?

Below is a screen shot of their application page. You first go through an pre-approval process (soft pull). If you qualify, then you can go through an actual application.

milestone application pagemilestone application page milestone application page milestone application page

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