Milestone® Gold Mastercard®

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Steer clear of this card’s fee structure and confusing terms.

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When you have poor or limited credit, you’re stuck with some poor choices among credit cards. The Milestone Gold Mastercard is yet another in a long list of cards that offer confusing terms and tack on unnecessary fees directed at consumers who could likely use a price break.

Review

The only reason to get the Milestone Gold Mastercard is if you don’t have any other options and you need a credit card. It’s possible you might be able to improve your credit score, as this card reports to the three major credit reporting bureaus.

To get the card, you have to apply to be pre-qualified. After this, you’ll receive one of six different offers, all with the same variable APR of 23.9%, but each with different annual fees and or account opening fees.

At best, you’ll qualify for a $35 annual fee. The worst offer is a $75 fee the first year and $99 thereafter. These charges will seriously hamper your available credit as the maximum limit on this card is $300. If you’re stuck paying a $75 fee on a $300 limit card, you’ve already reduced your purchasing power to $225.

Although this card is a step above a payday lender, you can do better. Try a credit union or a secured card if you want a clear and fair price structure for your credit card.

Who should get this card

We don’t recommend this card.

Advantages
  • This card reports to the three major credit bureaus, so with good payment behavior you could improve your score.
  • You can get approved for this card even if you have poor credit or little credit history.
Disadvantages
  • This card only offers a credit limit of $300.
  • You won’t know what your exact cardholder fees are until you pre-qualify.
  • The set-up fees can severely limit the amount of available credit. For example, if you have a credit limit of $300 and a set-up fee of $5 and an annual fee of $70, you’ll only start out with $225 of available credit.
  • There’s no balance transfer option with this card.

Fees and APR

  • This card has a variable APR of 23.90%.
  • The annual fee will be either a flat $35 or $59, or $25 the first year and $99 thereafter, or $50 the first year and $99 thereafter, or $70 the first year and $99 thereafter, depending on creditworthiness.
  • There may be an account opening fee of either $5, $25 or $50 depending on creditworthiness.
  • A penalty APR of 29.9% may apply indefinitely if you make a late payment.
  • There’s a late payment fee of up to $38.
  • There’s a 1% foreign transaction fee for all purchases made outside the U.S.

Extras, perks and using points

This card comes with extended warranty coverage and price protections.

There are some credit educational tools on the card’s website including definitions of credit terms and links to Federal Trade Commission articles.

How this card compares

Credit One Bank® Platinum Card
  • See if you Pre-Qualify without harming your credit score. Find the card that's right for you in less than 60 seconds.
  • CreditOneBank.com and the Credit One Bank mobile app makes it easy to access and manage all your account information and make payments whether you're at home or on-the-go.
  • Know you're protected from unauthorized charges with Zero Fraud Liability—included with every Credit One Bank account
  • Take advantage of free online access to your Experian credit score and credit report summary so you can track the key factors impacting your credit health. Terms apply.
  • Give your credit a boost with credit line increase opportunities, a fee may apply.
  • Eligible purchases such as gas, groceries, mobile phone, internet, cable and satellite TV will automatically earn 1% cash back rewards. Terms apply.
  • Always know what's happening with your account with custom email and text alerts to remind you about your payment due date, notify you when a payment posts, or warn you if your available credit runs low.
  • Customize your card by selecting a unique design from Credit One Bank's card gallery. There are more than 20 options to choose from. A fee may apply.
Credit Needed

Bad Credit

Regular APR

19.74% - 25.74% Variable

Annual Fee

$0 - $99

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

The Credit One Bank Platinum Card pays 1% cash back on eligible purchases, but it’s not always easy to figure out what eligible means. This card also piles on the extra charges for things like requesting a higher limit and expedited payments.

A major drawback of the Credit One Bank Platinum Card is that you won’t know the exact terms of your offer until you’ve applied. The overall fee structure with this card is confusing and likely not clear to most applicants.

Indigo® Platinum Mastercard®
  • Pre-qualification available with no impact to your credit score
  • Previous bankruptcy OK
  • Easy pre-qualification process with fast response
  • Free online account access (mobile friendly)
  • Protection from fraud, if your card happens to be lost or stolen
  • Accepted at over 35 Million Locations Worldwide!
Credit Needed

Fair Credit

Regular APR

23.90% Fixed

Annual Fee

$0 - $99

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

The Indigo Platinum Mastercard is aimed at those with fair credit, which means it’s easier to be approved for than many other cards. It also reports to all three of the major credit bureaus so with regular on-time payments, you can improve your score and eligibility for credit cards with lower APRs.

This card doesn’t charge an annual fee but it may have some “set-up and maintenance fees” that are disclosed after you apply for the card. This still might be a better choice than a card with murky charges levied for “set-up” on top of an annual fee.

Total VISA® Unsecured Credit Card
  • Checking Account Required
  • Fast and easy application process; response provided in seconds
  • A genuine VISA card accepted by merchants nationwide across the USA and online
  • Manageable monthly payments
  • If approved, simply pay a Processing Fee to open your account and access your available credit
  • Reports monthly to all three major credit bureaus
  • Select your favorite card design from our gallery, for free!
  • No-Fee credit line increase opportunities!
Credit Needed

Bad/Fair

Regular APR

See Terms*

Annual Fee

See Terms*

Purchase Intro APR

N/A

Balance Transfers Intro APR

N/A

The Total VISA Unsecured Credit Card is another card that tacks on the processing fees, servicing fees and sticks it to you with a higher APR of (See Terms*). Notably, there’s no foreign transaction fees with this card. Overall, it’s likely not a great choice for most due to the combination of high APR and extra fees. Like the Milestone Gold Mastercard, the extra fee charges severely impair your ability to actually use the card.

Discover it® Secured
  • No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
  • Your Secured Credit Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line. You will need to provide your bank information when submitting your security deposit.
  • We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
  • Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Intro Offer: Discover will match all the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Receive Free Social Security number alerts— Discover will monitor thousands of risky websites when you sign up.
Credit Needed

Limited/Bad Credit

Regular APR

24.74% Variable

Annual Fee

$0

Purchase Intro APR

N/A

Balance Transfers Intro APR

10.99% for 6 months

A better choice all-around would be the no-fee Discover it® Secured. This is one of the only secured credit cards on the market that offers cash-back rewards — and generous ones at that, too. Not only does this card earn 2% back on gas stations and restaurants, up to a quarterly maximum of $1,000, and 1% on everything else, but Discover will match all those rewards dollar-for-dollar at the end of the first year.

We also like that you can quickly graduate to an unsecured Discover card with just eight months of good payment behavior.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.