Excellent option for those who need to build credit!
Milestone® Gold Mastercard® is a credit card offered to consumers with poor to very poor credit scores.
In addition to an initial limit of $300, the card also sends monthly reports to the three major credit bureaus, a huge advantage in the credit-building process.
Despite not offering a points program, interest rates are relatively low, as is the annual fee.
Check out all the information about the Milestone Gold Mastercard below, such as its benefits, points to improve, fees and find out how to request yours at the end!
Milestone Gold Mastercard
Theft protection High annual feesHow does the Milestone Gold Mastercard work?
Milestone® Gold Mastercard® is a credit card designed for people whose credit history is poor to poor, so they can rebuild their credit.
It has a fixed credit limit of $300, which is adjusted according to customer behavior.
Through the report sent monthly to the main credit agencies, the card helps you rebuild your financial health.
Therefore, when making purchases with it, you must pay the invoice before the due date to avoid an increase in interest rates or additional costs.
It is worth noting that paying the invoice in advance will increase the credit card limit.
Milestone® Gold Mastercard® does not have rewards or welcome bonuses, however, the company provides you with anti-fraud resolution service, best price coverage and extended warranty.
Key benefits of the Milestone Gold Mastercard
The Milestone® Gold Mastercard® primarily benefits people who need to build or rebuild credit, which is its biggest differentiator.
The card sends reports to the three main credit bureaus – Equifax, Experian and TransUnion – where they make it easier for cardholders to accumulate credit points while using the card responsibly.
Another benefit is the identity theft resolution service. It is an excellent benefit that keeps holders safe from fraud.
This is because, if they think someone has stolen your identity, they will offer help to correct the situation, avoiding further headaches.
The Milestone® Gold Mastercard® also offers an extended warranty.
Additionally, it offers its buyers additional warranty protections on purchases of items that are defective.
Additionally, the card also provides price protection, so if someone purchases something and comes across a lower price, they will be refunded the difference.
This provides an advantage for those looking for the lowest possible price for any purchase. However, it does not offer rewards or sign-up bonuses, but these benefits are vital for anyone who needs a credit card while also benefiting from useful services.
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Disadvantages of the Milestone Gold Mastercard
The Milestone® Gold Mastercard® has some disadvantages, despite the benefits it offers to those looking for ways to rebuild credit, such as the absence of a scoring program, for example.
Furthermore, the card also does not have major differences, serving only as a gateway for those looking to rebuild their credit with a view to future benefits, such as acquiring a card with greater benefits or taking out loans.
APR and Fees
Among the fees charged by the Milestone Gold Mastercard are the APR on purchases that range from 23.99% to 25.99%, depending on your credit profile.
As well as late interest rates of 29.99% and an annual fee of R$35.00 to R$75.00 during the first year, which varies depending on promotions or conditions for approval when applying for your card. .
However, it is important to highlight that after the first year this rate can be adjusted.
Another fee is the early withdrawal fee of 29.99% and the transaction fee which is approximately 5% of the amount withdrawn.
The card also charges a 3% foreign transaction fee on the purchase amount.
Despite all the fees, the card is still a good option for people who aim to create a positive credit history.
How to apply for the Milestone Gold Mastercard
The steps to request the Milestone® Gold Mastercard® are easy, the first step is to access the website or click on the link below, then simply fill in the requested data, such as name, address, income, among other relevant information.
As the card does not require credit analysis, the approval time is usually relatively short, so you will quickly receive feedback regarding your card approval in your email.
Within a few days, your card will arrive at the address provided on the form and you will be able to enjoy all its benefits, including a limit of $300 to start building your credit.
However, to meet your objective it is important to make all payments on time, always avoiding delays to obtain good reports.
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