topic Re: Milestone Credit Card in Credit Card Applications

Milestone Credit Card

Ed6913 — Fri, 28 Jul 2023 15:41:53 GMT

So I’m thinking of pulling the trigger. Is this a good card? I’m rebuilding.

Re: Milestone Credit Card

Jnbmom — Fri, 28 Jul 2023 17:56:29 GMT

@Ed6913 wrote:
So I’m thinking of pulling the trigger. Is this a good card? I’m rebuilding.

Doesn't this card have a high annual fee ? Do you have any other cards? I am sure there are much better options then this card.

Whar is your credit profile ? FICO scores , negatives ?

Re: Milestone Credit Card

sznthescore — Fri, 28 Jul 2023 17:59:00 GMT

Do you have other rebuilder cards? If so, IMO I wouldn't even bother. My suggestion would be to select credit card issuers you can grow with over the long haul. The card has no benefits or rewards and a quick search turned up fees, fees, fees. 🫤

Re: Milestone Credit Card

SouthJamaica — Fri, 28 Jul 2023 18:09:54 GMT

@Ed6913 wrote:
So I’m thinking of pulling the trigger. Is this a good card? I’m rebuilding.

No it's not good.

Better to get a secured card from a reputable lender.

Re: Milestone Credit Card

FireMedic1 — Fri, 28 Jul 2023 22:46:20 GMT

US Bank has been pretty giving with their secured card. Also Disco graduates quicker. Dont pay attention to CK's offers. Mission lane isnt a bad one either.

Re: Milestone Credit Card

itslovefield — Mon, 31 Jul 2023 02:06:20 GMT

I have this card, with a measly $300 limit. I received a notice from them last week that my AF of $99 would be charged in September. So, I am pulling the plug. It's so not worth it for the fees and the poor limit.

I am in the rebuilder phase as you are, and took the wrong turn by amassing a great number of sub prime cards. So, I am in the process of paying them off and will soon close them.

Two I am keeping though, are Merrick Bank and Mission Lane due to the high limits they offer.

Good luck!

Re: Milestone Credit Card

markhs777 — Mon, 31 Jul 2023 21:17:26 GMT

You will get better terms from your local loan sharks as long as you pay them.

Re: Milestone Credit Card

nwa479 — Tue, 01 Aug 2023 10:54:48 GMT

Milestone was the first card I closed when rebuilding. Max limit $300 and had the $99 AF. I would not bother with them.

Capital One gave me two $300 limit cards 8 years ago that are now both no annual fee and about $5500 limits. I started with the Platinum cards and product changed them to Quicksilver, and recently one of them to Savor One.

I had also used Premier (high monthly fees), Merrick, Credit One, Mission Lane. Mission Lane grew from $900 to $2900 and is a no annual fee card.

Re: Milestone Credit Card

Free_Skills_Hub — Thu, 13 Jun 2024 12:09:30 GMT

The Milestone Credit Card is designed for individuals looking to rebuild their credit. It can be a viable option if you have a less-than-perfect credit history. Here are some detailed considerations:

💳 1. Credit Rebuilding:

The card is aimed at those who may have had credit challenges in the past and are looking to improve their credit score.

📖 2. Terms and Conditions:

Review the card's terms carefully, including the annual fee, APR (Annual Percentage Rate), and any other fees associated with the card.

📈 3. Credit Limit:

The initial credit limit may be low, which can help manage spending and demonstrate responsible credit use over time.

📱4. Customer Reviews:

Look into customer reviews to gauge satisfaction and experiences with the card's customer service and reliability.

📝 5. Credit Reporting:

Ensure that the card issuer reports to all three major credit bureaus (Equifax, Experian, and TransUnion), as this is crucial for rebuilding credit.

📃 6. Usage Strategy:

Use the card responsibly by making timely payments and keeping balances low relative to the credit limit to positively impact your credit score.

📑 7. Alternative Options:

Consider other secured or unsecured credit cards available for rebuilding credit to compare terms and find the best fit for your financial situation.

Ultimately, whether the Milestone Credit Card is a good choice depends on your specific credit

Re: Milestone Credit Card

FicoMike0 — Thu, 13 Jun 2024 21:07:06 GMT

Usb has three secured cards, here's one,

https://www.usbank.com/credit-cards/cash-plus-secured-visa-credit-card.html

Don't know how quick it graduates, but then you'd have a useful card.

Myself, I hate paying fees. If rather borrow my own money, lol.

Re: Milestone Credit Card

Pppoolboy — Tue, 18 Jun 2024 07:36:18 GMT

@Free_Skills_Hub wrote:
The Milestone Credit Card is designed for individuals looking to rebuild their credit. It can be a viable option if you have a less-than-perfect credit history. Here are some detailed considerations:

💳 1. Credit Rebuilding:
The card is aimed at those who may have had credit challenges in the past and are looking to improve their credit score.

📖 2. Terms and Conditions:
Review the card's terms carefully, including the annual fee, APR (Annual Percentage Rate), and any other fees associated with the card.

📈 3. Credit Limit:
The initial credit limit may be low, which can help manage spending and demonstrate responsible credit use over time.

📱4. Customer Reviews:
Look into customer reviews to gauge satisfaction and experiences with the card's customer service and reliability.

📝 5. Credit Reporting:
Ensure that the card issuer reports to all three major credit bureaus (Equifax, Experian, and TransUnion), as this is crucial for rebuilding credit.

📃 6. Usage Strategy:
Use the card responsibly by making timely payments and keeping balances low relative to the credit limit to positively impact your credit score.

📑 7. Alternative Options:
Consider other secured or unsecured credit cards available for rebuilding credit to compare terms and find the best fit for your financial situation.

Ultimately, whether the Milestone Credit Card is a good choice depends on your specific credit

Why do all these "new visitors" spew random generic advice here lately?

Re: Milestone Credit Card

FicoMike0 — Wed, 19 Jun 2024 00:39:03 GMT

Sounds to me like milestone is a millstone around your neck.

Re: Milestone Credit Card

privateone — Fri, 21 Jun 2024 13:21:02 GMT

I got one when they had no annual fee and $300 credit limit. Even though my score is in the 700s now, they have never raised my limit. I believe now that you have to pay an annual fee and you get a $700 limit.