The Milestone Credit Card is designed exclusively for people wishing to establish or rebuild their credit history. This card, issued by The Bank of Missouri and handled by Genesis FS Card Services, has a unique collection of features that assist users manage their financial health while boosting their credit scores.
Features of the Milestone Credit Card
1. Credit Building Opportunities
MilestoneCard is an unsecured credit card that does not need a security deposit, making it available to a wider range of consumers, including those with less than perfect credit histories. On time payments are reported to all three main credit agencies (TransUnion, Equifax, and Experian), positively impacting your credit score.
2. Credit limits are flexible.
The initial credit limit can be up to $700, which is greater than most beginner credit cards. This limit doesn’t require a deposit, even for those with poor credit scores.
3. Annual Fees and APR
The Milestone Credit Card charges a variable annual fee that ranges from $35 to $99 depending on your credit profile. The card also has a high APR of 24.90%, which is typical for cards geared at individuals with low credit scores.
4. User Friendly Mobile App
The Concora Credit App enables cardholders to quickly manage their accounts. You can trace your payment history, monitor your credit score, and receive fraud warnings immediately from your smartphone.
My Milestone Card Salient Features
- No deposit required.
- Complete fraud protection.
- Easy application process.
- 24/7 customer support and banking services.
- Online bill payments, including manual and direct debit options.
- Option for paperless statements.
- Ability to update account details anytime.
- Benefits through MasterCard Gold.
- Helps build a good credit score.
Accepted globally at over 33 million locations in 201 countries for purchases and cash advances.
Additional Benefits
While the Milestone Credit Card does not have a traditional rewards program, it does have other features like Mastercard ID Theft Protection, Zero Liability Protection against unauthorized transactions, and Mastercard Global Service, which provides worldwide assistance with lost and stolen card reporting.
Applying for the Milestone Credit Card
The application process for the Milestone Card is uncomplicated. Interested parties can go to their website, complete out the application form with personal and financial information, and submit it for consideration. The approval procedure takes into account a variety of variables, including your creditworthiness.
Manage Your Milestone Credit Card
Making timely payments, constantly monitoring your credit score, and using the card sensibly to prevent hefty interest charges are all part of effective Milestone Credit Card management. Setting up automated payments might help you avoid missing payments and keep a high credit score.
Conclusion
The Milestone Credit Card is a useful tool for anyone wishing to start or rebuild their credit history. With its simple application process, no security deposit required, and the possibility to enhance credit ratings via responsible use, it stands out as a valuable financial resource for many people.