Milestone Credit Card

[Ed6913]

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

[Jnbmom]

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@Ed6913 wrote:

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

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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 ?

[sznthescore]

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. 🫤

[SouthJamaica]

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@Ed6913 wrote:

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

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No it's not good.

Better to get a secured card from a reputable lender.

[FireMedic1]

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.

[itslovefield]

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! 

[markhs777]

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

[nwa479]

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. 

[Free_Skills_Hub]

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

[FicoMike0]

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.