Milestone® Gold Mastercard® Review

The Milestone® Gold Mastercard® is a great choice for those with bad credit, but make sure you know the fees and APRs before you move forward.
  • Annual Fee:
    $35 to $99 (See Terms)
  • Regular APR:
  • Recommended Credit Score:
    Bad Credit

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The Milestone® Gold Mastercard® was specifically created and designed for people with bad credit or no credit looking to improve their overall credit scores.

Although this specific credit card is great at achieving that goal, it still comes with unwanted terms and conditions, high-interest rates, and unwanted annual fees.

On the bright side, the Milestone® Gold Mastercard® does not require a security deposit once the credit terms are accepted; it is an unsecured credit card, after all.

However, the one thing you’ll want to keep an eye on is making your payments each month and on time. Why? Because this Mastercard® reports to all three credit bureaus at the end of every month, meaning your credit score could go up or down quickly.

Milestone® Gold Mastercard® Pros and Cons


  • Security deposit not required
  • No hard credit pull when applying
  • Offers zero liability protection
  • Offers identity monitoring
  • No processing fees
  • No monthly fees


  • High annual fee from $35 – $99
  • High APR
  • No rewards program
  • No welcome offers
  • $300 low credit limit

What Is the Milestone® Gold Mastercard®?

The Milestone® Gold Mastercard® is an unsecured card great for building credit issued by the Bank of Missouri.

This specific Mastercard® reports payments made or not made each month to the three most popular credit bureaus, which is great for building credit over time.

One thing to keep in mind, however, is the low credit limit. Sticking to such a strict budget can be tricky, and the fees can add up rather quickly.

With no benefits, point systems, or other rewards, this Milestone® Gold Mastercard® is hardly perfect for everyone.

When applying or pre-qualifying, keep in mind that the Milestone® Gold Mastercard® has a first-year annual fee of $35 or $75, granting you anywhere from $225 to $265 in funds to actually spend at first.

During the second year of issuance, your annual fee can rise to as high as $99 per year, only initially granting you $201 in spending at the beginning of the cycle. High APRs don’t make this card appealing, either.

The roundabout question at this point is how badly do you need to borrow a couple hundred dollars?

How Does the Milestone® Gold Mastercard® Work?

When applying for a Milestone® Gold Mastercard®, it’s natural to want to know how the card works.

For starters, this specific credit card is made readily available for those with bad credit. That’s right; anyone with no credit, bad credit, or even a bankruptcy on their record can apply for this card. You have to begin rebuilding somewhere, right?

From there, you can have up to $265 to start spending right away. It’s true that the credit line starts at a mere $300, but the first-year annual fee has to be taken into account, too. Once the $35 or $75 fee is deducted from your overall spending money, you can have up to $265 to use. Which can still be good and useful if you need a couple hundred dollars immediately.

Then there’s the relatively low APR. Sure, the APR is pricey, but the 24.9% is running close to the average percentage in this particular market. Which means the Milestone® Gold Mastercard® could have gone higher on their interest rates.

It’s also good to know that you don’t need to put down a deposit when you first open the card. This unsecured credit card allows you to save the money you would have put down as a refundable deposit on a secured card – but honestly, that could bite you back in the end. You may end up spending more money in the long run.

Not to mention there are no processing or monthly fees, which may also save you money after all is said and done.

The 1% foreign transaction fee doesn’t look too bad. And the fact that this credit card is a Mastercard® means you can use it anywhere, anytime.

Milestone® Gold Mastercard® Review

  • Annual Fee: $35 or $75 for the first year and $99 after that
  • Regular APR: 24.9%
  • Recommended Credit Score: Any (low preferable)
  • Rewards: None

Milestone® Gold Mastercard® Features and Benefits

Benefits outside of the norm for this Mastercard® include its ability to guarantee zero liability, meaning that cardholders will never be responsible for fraudulent purchases.

On the bright side, this Mastercard® also has identity theft monitoring to secure your funds, payments and keep all information private. You’ll never have to watch your back because the Milestone® Gold Mastercard® has you entirely covered.

Can (Potentially) Build Credit

The Milestone® Gold Mastercard® does have the potential to help build or rebuild your credit, but the tricky part is that you only have a $300 spending limit.

That spending limit will never increase no matter how good you make payments and pay off the card. Unfortunately, that’s just the policy they have in writing.

So, this means that if you’re on top of your game and you never make a late payment or accrue too much interest, you will be in good standing with the credit bureaus.

If you also are not utilizing too much of your credit (above 50% on this card), you’ll be able to turn your bad credit score into a good credit score.

High APR

The high APR is where the Milestone® Gold Mastercard® gets you because if your revolving credit is always high, your interest will always be high.

The two don’t mesh well. High revolving credit and high interest together can make you go over your spending limit or can make yourcredit utilizationreally damage the score that you’ve been working to save.

Up to $265 Initial Spending

Just because the Milestone® Gold Mastercard® has a $300 spending limit doesn’t mean that’s the amount of money you’re allotted.

The first year you have this Mastercard®, you will have a small or large fee depending on your current credit history.

Said fee can be either $35 or $75, meaning you’ll be allowed to spend up to $265 that first month. Once you pay off the balance, you will then have the full $300 to work with.

Keep in mind that after the first year, your annual fee will go up to $99, granting you only $201 to spend that first month.

Available to those with Bad Credit

The Milestone® Gold Mastercard® is primarily for people with bad credit or no credit at all. Those that have good credit will not benefit from applying for this specific credit card.

The low limit won’t alter your credit drastically in a good way if your current standing credit is in great shape.

How Does the Milestone® Gold Mastercard® Compare to Other Cards?

#1. Milestone® Gold Mastercard® vs. Indigo® Platinum Mastercard®

In comparison to the Milestone® Gold Mastercard®, the Indigo® Platinum Mastercard® does have the option of a $0 annual fee for those that qualify. You can also make your card look pretty with dozens of different designs to choose from.

On the other hand, the two cards have quite a bit in common, including the fact that neither has a rewards program, and they both carry astronomically high APR rates. The two credit cards also have the same low credit limit of $300 with no low intro APR offers.

#2. Milestone® Gold Mastercard® vs. Discover it® Secured Credit Card

The Discover it® Secured Credit Card has absolutely no annual fee and cash back rewards for their borrowers to indulge in.

Not to mention at the end of the first year, this special credit card matches the cash back rewards.

This is a secured card, unlike the Milestone® Gold Mastercard®, though. This means that Discover can cap their rewards.

The company also requires refundable deposits, so whatever you put down when applying for the card is technically your spending limit for the remaining term.

#3. Upgrade Visa® Card vs. Milestone® Gold Mastercard®

The Upgrade Visa® Cardhas absolutely no annual fee with a regular APR rate ranging from 8.99% to 29.99%.

The rewards system is highly recommended, considering the company grants 1.5% cash back rewards on all purchases every time you make a payment.

Which makes this Visa card very special, so special, in fact, that you need a relatively good credit score to apply.

As far as similarities go, both cards have no low intro APR to take advantage of.

#4. Secured Mastercard® from Capital One® vs. Milestone® Gold Mastercard®

The Secured Mastercard® from Capital One®has no annual or hidden fees from the start. All you need to do to start is put down a $49 security deposit, and just like that, you’ll have a $200 credit line if approved.

The two cards do have similar motos, meaning bad credit scores of 300-629 are encouraged to apply.

Just keep in mind that there is no low intro APR with either of these, so it’s kind of a coin toss of which secured or unsecured card you’d like to move forward with.

Frequently Asked Questions

Is the Milestone® Gold Mastercard® Worth It?

It can be worth it if you’re eager to build bad credit and turn it into good credit within a couple of years.

The only part that is worrisome is the low credit limit you’re allotted for the entire term you have the card in your possession. If you can stay on a budget and stick to the limit you have, you should be good to go.

That said, if you are purely trying to build or repair your credit, then the Reflex Mastercard or Self Visa® Credit Card are better options.

What Is the Milestone® Gold Mastercard® Annual Fee?

For the first year, the annual fee can either be $35 or $75, depending on what you get approved for. Every year after that, the annual fee will be a flat rate of $99.

How Do I Apply for the Milestone® Gold Mastercard®?

All you have to do is go on the Milestone® Gold Mastercard® website to fill out the application.

Can I Pre-Qualify for the Milestone® Gold Mastercard®?

Yes, absolutely. Milestone® Gold Mastercard® actually does a soft credit pull when seeing if you pre-qualify, therefore you don’t have to worry about harming your credit in the process. Only when you accept the terms will a hard credit pull be done.

Bottom Line: Milestone® Gold Mastercard® Review

All in all, applying and accepting the terms for the Milestone® Gold Mastercard® is a personal preference.

Ask yourself if it’s worth it. Can you stick to the monthly payments and make them on time? Can you stay on a budget and not go over that maximum $300 spending cap? Will you be ok with never getting an increase in credit?

All of these questions are relevant, but if you’re really looking to build or rebuild your credit quickly and don’t think you’ll get approved for any other options, this card is a great starting point. Ultimately, the choice is yours.

Jennifer Pacheco

Jennifer Pacheco attended the University of Dartmouth, Massachusetts where she earned her degree in English Writing & Editorial Work. She is a seasoned personal finance writer with over 5 years of professional work under her belt, and supplies easy-to-read information that’s educational, engaging, and conversational to help you make the most of your money.