Concora Credit
Milestone Mastercard®
Key Features
| Annual Fee | $175.00 |
| Sign-up Bonus | No signup bonus. |
| Rewards Rate | No rewards program. |
| Regular APR | Annual Percentage Rate (APR) for Purchases 35.9% APR for Cash Advances 35.9% |
| Other Fees | Monthly Fee $0 the first year (billed $0 each month); $150 annually thereafter (billed $12.50 each month) Cash Advance Fee $5 or 5% of the amount of each transaction, whichever is greater (not to exceed $100) Foreign Transaction Fee 1% of each transaction in U.S. dollars Late Payment Fee Up to $41 Overlimit Fee Up to $41 Returned Payment Fee Up to $41 Minimum Interest Charge If you are charged interest, the charge will be no less than $1.00 |
| Network | Mastercard |
About this card
The Milestone Mastercard® receives a 'Very Poor' overall rating of 0.5 out of 5.0. This card is consistently rated exceptionally low across all critical categories: APR (0.5/5.0), Rewards (0/5.0), and Fees (0.5/5.0). While it serves a niche for individuals with poor credit seeking an unsecured option, its predatory fee structure, exorbitant APR, and complete lack of benefits make it a deeply problematic choice. The initial credit limit is severely diminished by upfront fees, and ongoing annual and monthly fees are among the highest in the market for a credit-building product. The 35.9% APR ensures that any carried balance will quickly accumulate significant interest, making debt management exceedingly difficult. There are no rewards or sign-up bonuses to offset these costs, leaving cardholders with zero added value. The card's reputation is overwhelmingly negative, with both experts and consumers branding it as a 'last resort' due to its exploitative terms and poor customer service. While it can technically report to credit bureaus to help build credit, the financial burden placed on users makes this a highly inefficient and expensive path, often leading to more financial distress rather than improvement. It is a card designed to extract maximum value from a vulnerable demographic with minimal tangible benefit.
Pros & Cons
What's great
- Reports to all three credit bureaus
Things to consider
- High annual and monthly fees
- High regular APR
- No rewards or sign-up bonus
- Foreign transaction fees apply
- No intro APR period
- Initial available credit significantly reduced by fees
What this card offers
Other features
- Reports to all three credit bureaus
- Mastercard is accepted at 40 million locations online, in app and in store
- Your due date is at least 25 days after the close of each billing cycle.
- We will not charge you any interest on purchases if you pay your entire balance by the due date each month.
- We will begin charging interest on cash advances on the transaction date.
- How We Will Calculate Your Balance: We use a method called “average daily balance (including new purchases)”.
Additional Notes
NOTICE: Some set up and maintenance fees will be assessed before you begin using your card and will reduce the amount of credit you initially have available. Based on your initial credit limit of $700, your initial available credit will be only about $525. Monthly Minimum Payment is 7% of your New Balance or $40, whichever is greater, rounded to nearest dollar.