Let me guess, you’ve been looking for a way to build or rebuild your credit, and the Milestone Credit Card has popped up in your search. It’s marketed as an amazing option for those with less-than-perfect credit, but is it actually a worthy option in 2025?
Before you apply, let’s take a deep dive into the pros, cons, and whether this card is the right choice for you.
What Is the Milestone Credit Card?
The Milestone Gold Mastercard is an unsecured credit card issued by The Bank of Missouri, primarily targeting individuals with poor or no credit history. Unlike secured credit cards (commonly used for building/rebuilding credit), it doesn’t require a security deposit, making it a considerable choice for those who might not have the extra cash to lock away.
Pros and Cons of the Milestone Credit Card
Who Should Consider the Milestone Credit Card?
This card is best suited for individuals who:
- Have a low credit score and need a chance to rebuild credit.
- Want an unsecured credit card without paying a security deposit.
- Plan to pay off their balance in full each month to avoid high interest charges.
However, if you’re looking for a credit card with better rewards, a higher limit, or a lower annual fee, you may want to explore other options like secured credit cards or beginner-friendly alternatives.
Milestone Credit Card vs. Other Credit-Building Cards
Final Verdict: Is the Milestone Credit Card a Good Option to Consider?
The Milestone Credit Card can be a useful tool if you’re working on improving your credit, but it’s definitely not the best option out there. The high annual fees, low credit limits, and lack of rewards make it less appealing compared to secured alternatives that usually offer more benefits in the long run.
If you’re set on getting an unsecured credit card or can’t qualify for some of the better options, the Milestone Credit Card might be worth considering–because it’s better than nothing, and you have to start somewhere. However, if you are willing to explore secure credit cards or other beginner-friendly options, you’ll likely find a better deal.
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Subscribe NowFAQs About the Milestone Credit Card
1. What is the credit limit on the Milestone Gold Card?
The credit limit on the Milestone Gold Mastercard is typically $300. Since the annual fee is deducted from your available credit, your initial spending power may be lower.
2. Is Milestone Mastercard a secured or unsecured card?
The Milestone Credit Card is an unsecured card, meaning it does not require a security deposit to open an account.
3. What credit score do you need for a Milestone Credit Card?
Milestone is designed for individuals with poor to fair credit, typically with credit scores below 600.
4. Does the Milestone Credit Card offer credit limit increases?
No, the Milestone Credit Card does not offer credit limit increases. The limit remains fixed at $300, which can be a downside if you’re looking to grow your credit line over time.
5. Is Milestone a good credit card?
The Milestone Credit Card can be a decent option for those who need an unsecured credit card and cannot qualify for better alternatives. However, due to its high annual fees, low credit limit, and lack of rewards, there are often better options available, especially if you’re open to secured credit cards.
