Milestone® Mastercard® - $1,000 Credit Limit: the "up to" in the fine print
The name says $1,000, but the data says the limit is up to that amount, if approved. Your fee and your limit have to be read side by side.
Compare these cards by fees
The short version
- At a full $1,000 limit, required fees are listed at $250 in year one and $330 in year two, before interest.
- This is unconfirmed offer data and terms vary. A smaller limit should come with a smaller first-year fee, so verify both on your offer.
- The company behind the offer makes every decision and sets the terms, not Checkngocash.
At a glance
Our offer data describes the Milestone® Mastercard® - $1,000 Credit Limit as an unsecured card for people with bad to fair credit. The listed limit is up to $1,000, the APR is 35.9% and no security deposit is shown.
The CFPB points out that an ad may show a maximum you do not receive. Here that has a direct effect on cost. Required fees in the first year are capped at 25% of the opening limit, so a $250 fee fits a $1,000 limit while a $500 limit would allow no more than $125. If your offer pairs a low limit with a high fee, ask about it.
What it costs over two years
The Annual percentage rate: the yearly cost of carrying a balance, including interest. only matters if you carry a balance. These fees apply even if you do not.
| Fee | Year 1 | Year 2 |
|---|---|---|
| Annual fee | $250 | $99 |
| Monthly fees for the year | $0 | $231 |
| Total before interest | $250 | $330 |
The rows assume the full $1,000 limit. If your limit is lower, use the figures on your own offer. Interest and penalty fees are extra, and the monthly fee is listed at $19.25 from year two.
Pros and cons
What works
- No security deposit is listed
- The limit can reach $1,000, if approved
- You can total the required fees yourself before you apply
What to weigh
- You could be given a limit well below the figure in the name
- Year-two required fees of $330 exceed year one's $250
- No rewards are listed to offset the cost
- A carried balance at 35.9% piles interest onto the fees
Who it suits
A reasonable fit if
- A deposit is not an option for you right now
- You will compare your actual limit with your actual fee before accepting
- You can pay the statement balance in full each month
Look elsewhere if
- You need a particular amount of credit to rely on
- A secured card or a no-annual-fee card is within reach
- You would use it for purchases you cannot clear quickly
Opens the advertiser's site.
How it works
- Put limit and fee next to each other
On your offer, confirm the first-year required fees do not exceed a quarter of the limit you are given.
- Submit the application
You apply on the advertiser's site and the issuer makes the call. The check involved may lower your score slightly.
- Hold your spending down
Advice differs, with some sources saying under 30% of the limit and others under 10%. Pay before each due date either way.
Questions people ask
Is a $1,000 limit certain?
What changes if my limit comes in lower?
Does this offer earn rewards?
Is there a minimum credit score?
Look at your own limit before saying yes
The limit and fee on your offer are the ones that count, so read the issuer's complete terms before you accept.
Advertisement. Checkngocash does not issue the Milestone® Mastercard® - $1,000 Credit Limit and has no say in who is approved. We may earn a commission when you click through or apply. The card issuer sets the limit, fees and APR on your account. The figures here come from offer data that has not been confirmed with the advertiser, so what you are shown may differ.