The Milestone credit card is a popular choice for people looking for a good rewards card.
But is it worth having in your wallet?
Let’s take a closer look at the Milestone card and see what makes it so popular.
Is the Milestone Credit Card Worth it?
There are a lot of factors to consider when deciding if a credit card is worth it. The Milestone card has some good features, but there are also some drawbacks.
Overall, the Milestone credit card is a good choice for people who are looking for a rewards card with no annual fee.
How Does the Milestone Credit Card Stack up to Other Cards?
Here are some of the pros of the Milestone card:
– You can earn rewards quickly. The Milestone card offers 2% cashback on all purchases, so you can start earning rewards right away.
– There is no annual fee. This is a big plus, since many rewards cards charge an annual fee.
– The sign-up bonus is decent. You can earn a $100 bonus after spending $1,000 in the first 3 months.
– The Milestone card has a 0% intro APR period for 15 months on purchases and balance transfers. This means you won’t have to pay interest on your purchases or balance transfers for 15 months.
Now, let’s take a look at some of the cons of the Milestone card:
– The rewards program is not as flexible as some other cards. With the Milestone card, you can only redeem your rewards for cashback or gift cards.
– There is a foreign transaction fee of 3%. This means you’ll pay a fee on any purchases you make outside of the United States.
– The Milestone card has a balance transfer fee of 3%, so you’ll pay a fee if you transfer a balance to the card.
What Credit Rating Do You Need to Get Approved?
To be approved for the Milestone credit card, you’ll need a credit score of at least 650. This means anyone with Fair credit or higher has a strong chance of getting approved for this card.
If you have Poor or Bad credit, you may still be able to get approved if you have a strong history of making on-time payments, but your chances aren’t great.
What’s the Average Milestone Credit Card Approval Limit?
The average credit card approval limit for the Milestone credit card is around $5,000.
This means that if you have a good credit score, you may be approved for a limit of up to $5,000. However, if you only have a Fair credit score, you will likely be approved for a lower limit.
Milestone Card Details
The Milestone credit card has a variable APR of 24.99%. Having a variable rate means that your interest rate could change if the Prime Rate changes. This is pretty standard for most credit cards.
The Milestone card also has a balance transfer APR of 24.99%. This is the interest rate you’ll pay on any balances you transfer to the card.
There is no penalty APR with the Milestone card. This means that you won’t be charged a higher interest rate if you make a late payment.
The minimum interest charge with the Milestone card is $1.
The Milestone credit card has an annual fee of $0.
There are a few other fees you should be aware of before applying for the Milestone credit card.
First, there is a balance transfer fee of 3%. This means you’ll pay a fee if you transfer a balance to the card.
Second, there is a foreign transaction fee of 3%. This means you’ll pay a fee on any purchases you make outside of the United States.
Finally, there is a cash advance fee of 5%. This means you’ll pay a fee if you take out a cash advance with your card.
Card Benefits
The Milestone card offers 2% cashback on all purchases, so you can start earning rewards right away. This is a good rewards rate, especially compared to other cards with no annual fee.
With the Milestone card, you can only redeem your rewards for cashback or gift cards. This isn’t as flexible as some other cards, but it’s still a decent option if you’re looking to earn cashback.
Application Process
The Milestone credit card has a simple application process. You can apply online or by phone.
To apply online, you’ll need to provide some personal information, including your name, address, Social Security number, and date of birth. You’ll also need to provide information about your income and employment.
To apply by phone, you can call customer service at 1-888-251-4500.
If you’re approved, you’ll receive your credit card within 7-10 business days.
A Recap of the Milestone Credit Card
The Milestone credit card is a good option if you’re looking for a rewards card with no annual fee. You’ll earn 2% cashback on all purchases, and you can redeem your rewards for cashback or gift cards. The application process is simple, and you’ll receive your card within 7-10 days if you’re approved. However, there are some fees to be aware of, including a foreign transaction fee and a balance transfer fee.