Milestone Gold Mastercard Review

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Milestone® Gold Mastercard®

Milestone® Gold Mastercard®

Editor’s Score: (2.2/5)
Learn more externa link icon at our partner’s secure site.

  • Intro bonus: N/A
  • Annual fee: $35-$99
  • Regular APR: 24.90%
  • Recommended credit score: 300-670 (Bad to Fair)

Milestone Gold Mastercard* is an unsecured card for building credit issued by the Bank of Missouri. Because the issuer regularly reports your payments to the three credit bureaus, you can use it to build credit over time by practicing good credit habits. But a low credit limit may hinder your credit-building success. Plus, this card’s fees can get costly, and there are no added benefits like points or other rewards.

At a Glance

  • Unsecured credit card (no security deposit required)
  • Pre-qualification option
  • No rewards or benefits
  • $35-$99 annual fee
  • $300 credit limit
  • 24.90% APR


  • Monthly reporting to the three credit bureaus

  • Can get pre-qualified without a hard credit inquiry

  • Accessible card option for people with bad credit or no credit history


  • High APR

  • High annual fees compared to similar cards

  • No rewards or benefits

  • No option for credit limit increase

Additional Card Details

You won’t get any rewards or benefits with this card, but will get a few standard offerings through Mastercard, including identity protection with the ID Theft Monitoring program, card replacement in case of loss or theft, and zero liability for fraudulent transactions.

And because this card is a Mastercard, your spending power isn’t limited to a single retailer — you can use your Milestone Gold Mastercard anywhere Mastercard payments are accepted.

If you’re approved for the card, you’ll be assigned an annual fee based on the information in your application. These are the options:

First-Year Annual FeeOngoing Annual Fee

When you’re approved for a Milestone Gold Mastercard, your starting credit limit will total $300. Some issuers allow automatic credit limit increases with good credit use over time or will increase your credit limit upon request. However, this card’s $300 credit limit is standard; you cannot request an increase.

The card also charges foreign transaction fees, but you’ll pay just 1% on purchases made outside the U.S., compared to the 3% fee many other issuers charge.

Should You Get This Card?

While Milestone Gold Mastercard can help you build credit, there are better credit-building options you should consider first. You should at least check the terms you prequalify for before submitting an application.

The terms you’ll be assigned upon approval can make a big difference in this card’s value. While some Milestone Gold card agreements are comparable to similar credit-building options with a relatively low $35 annual fee, you may be assigned an annual fee as high as $99. 

Instead of paying that much annually for an unsecured credit card with no benefits, you may find more value from a secured credit card like the Citi® Secured Mastercard® or Capital One Platinum Secured Credit Card.

For example, consider a secured card in which you put down a $300 refundable deposit upon account opening, but pay no annual fee. After two years of positive payment history and maintaining a low credit utilization, you’re able to raise your score and upgrade to an unsecured card with better rewards and benefits, and receive your initial deposit back.

If you open this card instead and receive the highest annual fee of $75 the first year, then $99, you wouldn’t need the cash deposit upfront, but by the end of those two years, you will pay a total $174 in nonrefundable fees.

How to Use the Milestone Gold Mastercard

Before submitting an application for this card, use the prequalification feature to see whether you qualify for an account and which of the three annual fee structures you’re eligible for. This can help you determine whether the Milestone Gold Mastercard may be a good choice for you without the hard inquiry hit to your credit score.

If you decide to open a Milestone Gold Mastercard, your goal should be improving your credit so you can more easily qualify for a card with better terms and features in the future. The issuer reports your payments to each of the three credit bureaus monthly, so make sure you spend only what you can afford to pay off each month and pay on time so only positive payments show up on your credit report.

Pro Tip

There’s no mobile app feature for managing your Milestone Gold Mastercard, but you can manage your account and pay your bill online by creating an account at

Your annual fee is automatically deducted from your credit limit upon approval, which means if you’re assigned a $59 annual fee your initial credit limit will be reduced to $241. Beyond reducing your spending power, this is an important thing to keep in mind while building your credit score. Credit utilization ratio, or the amount of credit you use compared to the amount available, is one of the most influential factors in your score. 

Experts recommend keeping this ratio at 30% or lower. With a credit limit of just $300 (and even lower initially after deducting your annual fee cost) try to keep your balance below $90 each month to see the greatest impact on your credit score.

Unlike some credit-building cards, you won’t be able to access your credit score or credit monitoring tools through the issuer. That means it’s even more important to regularly check and monitor your credit to ensure you’re making progress on your score and there’s no fraudulent activity on your report.

Milestone Gold Mastercard Compared to Other Cards

  • Intro bonus:
  • Annual fee:
  • Regular APR:
  • Recommended credit:
    300-670 (Bad to Fair)
  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
  • Annual fee:
    $0 – $99
  • Regular APR:
  • Recommended credit:
    300-670 (Bad to Fair)
  • Learn more externa link icon at our partner’s secure site.
  • Intro bonus:
  • Annual fee:
  • Regular APR:
    26.99% (Variable)
  • Recommended credit:
    (No Credit History)
  • Learn more externa link icon at our partner’s secure site.

Bottom Line


As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

Milestone Gold Mastercard is a middle-of-the-road choice for credit building. It offers easy access for people with bad credit and a prequalification option, which can help you make a more informed decision based on the terms you qualify for. But there are better credit-building options available that may help you improve your credit at a lower cost and while enjoying more benefits. Consider all your options, including our picks for the best credit cards for people with no credit and for bad credit before you apply.

*All information about the Milestone Gold Mastercard, Indigo Platinum Mastercard and Capital One Platinum Secured Credit Card has been collected independently by NextAdvisor and has not been reviewed by the issuer.

Frequently Asked Questions

What is the credit limit for Milestone Gold Mastercard?

Milestone Gold Mastercard issues a standard $300 credit limit upon approval. Your assigned annual fee is automatically deducted from that limit when you open your account, so your initial credit limit will be lower.

Where can I use Milestone Gold Mastercard?

Milestone Gold Mastercard works like any general credit card; you can use it with any merchant worldwide that accepts Mastercard payments.