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[Expired] Milestone Mastercard® – $700 Credit Limit — Full Review [2024]

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Alex Miller
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Alex Miller

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Founder and CEO of Upgraded Points, Alex is a leader in the industry and has earned and redeemed millions of points and miles. He frequently discusses the award travel industry with CNBC, Fox Business...
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Milestone Mastercard® - $700 Credit Limit

Milestone Mastercard® - $700 Credit Limit

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
1
Learn More(at Milestone's secure site)
  • See terms*

  • See terms*

Milestone Mastercard® - $700 Credit Limit

U.P. Rating
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.
1
Learn More(at Milestone's secure site)

The Milestone Mastercard® – $700 Credit Limit is targeted at people looking to establish their payment history. It is also widely accepted anywhere that accepts Mastercard, making it a good choice to help establish credit through your everyday purchases.

On the downside, it does have a low credit limit (with no chance to increase it), charges an annual fee, and has a high APR that can add up to big fees if you miss a payment or don’t pay off your balance in full each month.

However, if you can maintain a good payment record, this card might be a good choice to help you establish credit. This article will look at all of the reasons why the Milestone card can be a good card for you and also show you some alternative options.

Card Snapshot

Welcome Bonus & Info

  • Greater access to credit than before – $700 credit limit
  • No security deposit required, even with less than perfect credit
  • Account history is reported to the three major credit bureaus in the U.S
  • Get a Mastercard accepted online, in store and in app
  • 24/7 access to your account information, even on mobile
  • Applying is quick and easy with our fast decision process

Update:The offer mentioned below has expired and is no longer available.

Milestone Card at a Glance

The Milestone card is issued by the Bank of Missouri and serviced by Genesis FS Card Services, Inc. This card is specifically designed to help people establish payment history. Because this card is a Mastercard, you can use it on everyday purchases and it is widely accepted abroad.

It notes that the card “enables you to enjoy the benefits of a Mastercard without the need for a security deposit.” This card doesn’t offer the opportunity to earn any rewards like points or cash-back, however, it does come with some benefits since it is a Mastercard. These additional benefits include:

  • Mastercard ID Theft Protection
  • Zero Liability Protection (a.k.a. fraud protection)
Hot Tip:

You can read more in the Mastercard Guide to Benefits that details all of the program terms and conditions.

The Milestone card is an unsecured credit card, which means that you have access to a credit limit without needing to put down a security deposit. Unfortunately, the credit limit offered on this card is $700, with no opportunity for credit limit increases.

In addition, your account history is reported to all 3 major credit bureaus, so this can help you establish a consistent payment record while enjoying the convenience of a credit card.

You can also use this card to take out cash at an ATM (up to your credit limit), but you will incur cash advance fees of the higher of $5 or 5% each time you withdraw money. This is free in your first year, though!

Balance transfers are not allowed with this card.

Milestone Card Application

To apply now for the Milestone card, head over to the website.

Once you apply, you will typically receive an answer right away. However, if the decision is pending, you can check your Milestone card application status by calling 866-502-6439 and using the automated system. This system is available 24/7. If you prefer, you can also speak to a customer service representative from 6 a.m. to 6 p.m. PST every day.

Minimum Credit Score and Other Requirements

There is no minimum credit score required to be approved for the Milestone card and it is meant to be a great credit-establishing tool. This means that it has extremely flexible credit requirements in general, including accepting applicants with a history of bankruptcies.

However, there is no guarantee you will be approved for this card even if you have a higher credit score as other factors (like income and debt) are taken into consideration.

To qualify for the Milestone card, you will need to meet certain minimum requirements:

  • Be at least 18 years old (19 in Alabama)
  • Apply from a U.S. IP address
  • Not have had a Milestone card account that was charged off due to delinquency
  • Provide:
    • Your name
    • Email address
    • Physical address
    • Date of birth
    • Social Security number
    • Monthly income and expenses
Bottom Line:

Using this information, Milestone will review your income, your debt, and conduct identity verification to determine eligibility.

How To Increase Your Credit Limit

Unfortunately, the Milestone card doesn’t offer any credit increases, even with a history of timely payments.

Hot Tip:

You should consider a secured card if you are looking for a card with a higher credit limit. If you are able to make a larger security deposit upfront, the credit limit will generally match your deposit amount.

Milestone Card Online Login

Use Milestone’s website to activate your new Milestone card online and create your online account. You can even log in to monitor your Milestone card account activity, pay your bill, view transactions, and check your balance through this link.

Paying Your Milestone Card Bill

There are multiple options you can use to make payments on your Milestone card.

Online

To access your account, log in to your account and click My Account or via the Bill Pay tab. Once you are logged in to your account, you can enroll to receive paperless statements, check your monthly bills, and make payments via direct deposit or bank transfer.

Hot Tip: You cannot use a debit card to make payments to your Milestone card account.

Be sure to submit your payments by 5 p.m. PST to ensure that it’s credited on the same day.

Unfortunately, there is no Milestone mobile app at this time.

By Phone

You can make payments by phone by calling Milestone’s customer service line at 866-453-2636. A customer service agent is available between 6 a.m. and 6 p.m. PST Monday through Friday.

By Mail

You can send a check or money order to pay your Milestone bill by mail. Payments should be mailed to:

Genesis FS Card Services
P.O. Box 84059
Columbus, GA 31908-4059

Hot Tip:

Milestone notes that you should allow 7 days for a check to be received and processed. This means you need to plan well in advance of your payment due date to avoid late fees and interest charges.

By MoneyGram

First, you will need to locate your nearest MoneyGram location. Then you will need the following information:

Company Name: Genesis FS Card Services
Receive Code: 4911

Benefits of the Milestone Card

This card is made for those with no credit history or less-than-perfect credit, so the main benefits revolve around credit-establishing. It is also backed by Mastercard, making it convenient to use as it is widely accepted.

Easy Application

The Milestone card advertises itself as a good option for those establishing their payment history, so having financial blemishes on your record shouldn’t prevent you from being approved for this card.

This is great news for those people hoping to improve their credit score. While the credit limit is small, making consistent payments and paying off your balance each month will lead to credit score increases in no time.

Credit Establishing

The Milestone card reports to all 3 major credit bureaus each month when your billing statement is generated. The 3 major consumer credit bureaus (TransUnion, Equifax, and Experian) will note your history of responsible payments and reflect this in your credit score.

While no credit limits are offered with this card, you can qualify for better credit cards with higher credit limits in the future.

Drawbacks of the Milestone Card

If you’re trying to decide if the Milestone card is the best choice for you, you should be aware that there are some big downsides to this card.

Very Low Credit Limit and No Increases

The credit limit is only $700 (with no opportunities to increase it) and is initially lower due to fees. If you have a low credit limit, each purchase brings you higher to your credit limit. This makes it easy to rack up high credit utilization which can hurt your credit score. 

Hot Tip:

If you have the money upfront, you might be better served with a secured credit card. The credit limit is generally as high as the amount you can set up as a security deposit.

Annual Fee

There are no opportunities to avoid an annual fee with this card. You’ll want to review the terms associated with the card to learn more about the annual fee.

Bottom Line: In short, the higher the annual fee, the less appealing this card becomes due to the low credit limit.

High APR and Fees

You’ll want to see the terms for the regular purchase APR and penalty APR on this card, so if you carry a balance, interest charges could add up quickly.

How To Contact Milestone Card’s Customer Service

To contact customer service, call 866-453-2636.

If you would like to use your card to access cash at ATMs, you can also call this number to request a PIN be sent to you via mail.

If you prefer to contact by mail:

Genesis FS Card Services
P.O. Box 4477
Beaverton, OR 97076-4477

Alternative Credit Cards (Our Recommendations)

If you’re interested in other credit-establishing card options, we have a few alternative recommendations.

The Capital One Platinum Secured Credit Card doesn’t charge an annual fee (rates & fees) and also provides access to a higher credit limit after the first 5 months of on-time payments, with no additional deposits needed. This card does require putting down a security deposit upfront.

Capital One Platinum Secured Credit CardTerms Apply / Rates & Fees
U.P. Rating 
The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

None
$0
29.99% (Variable)

The Capital One Platinum Secured Credit Card gives you the tools to control and build your credit with responsible use.

  • No annual or hidden fees. See if you're approved in seconds
  • Building your credit? Using the Capital One Platinum Secured card responsibly could help
  • Put down a refundable security deposit starting at $49 to get a $200 initial credit line
  • You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
  • Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
  • Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
  • Monitor your credit score with CreditWise from Capital One. It's free for everyone
  • Get access to your account 24 hours a day, 7 days a week with online banking to access your account from your desktop or smartphone, with Capital One's mobile app
Financial Snapshot
  • APR: 29.99% (Variable)
  • Foreign Transaction Fees: None

For an option that doesn’t require a credit check, look into the First Progress Platinum secured cards. These cards extend credit against a security deposit rather than your credit status.

Store cards might also be a good option if you do a lot of shopping at 1 retailer or are planning on making a big purchase. Cards for places such as Sam’s Club, Walmart, TJ Maxx, Amazon, and more are issued by Synchrony Bank.

Store cards typically have no annual fee, come with long 0% financing periods, and usually offer some sort of store rewards, such as free shipping or extra savings on your birthday.

Final Thoughts

The Milestone card will mostly benefit those who want to improve their credit score — whether you have prior credit blemishes, or are simply starting off from scratch. This card will report your payments to the 3 major credit bureaus, so by making your monthly payments on time, you can help establish your payment history.

Keep in mind that there are other cards available and you may be able to find 1 with fewer fees or a higher credit limit. If you can put a security deposit down or qualify for a store card, they might be better options.

The information regarding the Capital One Platinum Secured Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Frequently Asked Questions

Does Milestone give credit increases?

No, unfortunately, the Milestone card doesn’t offer credit limit increases. The credit limit is $700 and does not increase, even with responsible credit history with the card.

Can I get cash from my Milestone credit card?

Yes, you can also use your Milestone card to take out cash at an ATM up to your available credit limit. Be aware that you will incur cash advance fees of the higher of $5 or 5% each time you withdraw money. This is free to do in your first year, though!

Is Milestone a good credit card?

The Milestone card is primarily meant people looking to establish their credit history. It is also widely accepted anywhere that accepts Mastercard.

It is also an unsecured card meaning you can have access to a credit limit without putting a security deposit down. This can make it a good choice to help establish credit through your everyday purchases.

How do I pay my Milestone card?

There are multiple options you can use to make payments on your Milestone card.

1. The easiest option is to log in to your account and make a payment. This option is available 24/7. You can make payments via direct deposit or bank transfer.

2. You can make payments by phone by calling Milestone’s customer service line at 866-453-2636 between 6 a.m. and 6 p.m. PST Monday through Friday.

3. You can pay your Milestone bill by sending a check or money order. Payments should be mailed to:

Genesis FS Card Services
P.O. Box 84059
Columbus, GA 31908-4059

4. Lastly, you can pay by MoneyGram.

What is Milestone credit limit?

The credit limit offered on the Milestone card is $700, with no opportunity for credit limit increases.

This card is an unsecured credit card, which means that you have access to this $700 credit limit without needing to put down a security deposit.

Alex Miller's image

About Alex Miller

Founder and CEO of Upgraded Points, Alex is a leader in the industry and has earned and redeemed millions of points and miles. He frequently discusses the award travel industry with CNBC, Fox Business, The New York Times, and more.

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