Milestone® Mastercard® - 1.5% Cashback Rewards: the break-even test
A flat 1.5% is simple to calculate, so do it. The result shows the rewards can soften the fees but are unlikely to erase them.
Compare these cards by fees
The short version
- Required fees are $175 in year one and $199 in year two, and earning back $199 at 1.5% needs roughly $13,270 of spending.
- Checkngocash has not confirmed this data with the advertiser, and it shows no credit limit. Find the limit and fees on your own offer.
- The company behind the offer makes every decision and sets the terms, not Checkngocash.
At a glance
The Milestone® Mastercard® - 1.5% Cashback Rewards is listed in our data as a no-deposit card for people with fair credit. It shows 1.5% cash back and a 35.9% APR. No credit limit appears, so that is the first number to look for on your offer.
A flat rate makes the break-even easy. To earn back the $199 of year-two fees you would need to spend about $13,270 in a year. Running that much through a card while keeping the balance low is a stretch for most households. Expect the cash back to shave the cost, not remove 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 | $175 | $49 |
| Monthly fees for the year | $0 | $150 |
| Total before interest | $175 | $199 |
Interest and penalty fees are not included. The monthly fee is listed at $12.50 from year two. Without a limit in our data, we cannot show how much of your credit the first-year fee would take.
Pros and cons
What works
- One flat rate means no spending categories to track
- No security deposit is listed
- Required fees are lower than on the no-rewards $1,000 cards in our data
What to weigh
- At 1.5%, ordinary spending will not pay for the required fees
- No credit limit is listed, so you only find out on your offer
- Required fees go up in year two when the monthly fee starts
- A carried balance at 35.9% costs far more than 1.5% returns
Who it suits
A reasonable fit if
- A deposit is out of reach and you would like a little money back
- You settle the balance every month, so the APR seldom matters
- The limit on your offer turns out to be enough for you
Look elsewhere if
- The rewards are the main reason you want the card
- A cash back card with no annual fee is a real possibility
- You expect to carry a balance past a month or two
Opens the advertiser's site.
How it works
- Locate the credit limit
Our data has none, so read it on your offer together with the fees and the APR.
- Apply on the advertiser's site
The issuer reviews your application and decides. The credit check may lower your score a little.
- Use your cash back as it builds
The CFPB has seen complaints about rewards lost when accounts close, so learn how redemption works and cash out regularly.
Questions people ask
What would I earn on everyday spending?
What credit limit comes with it?
Are rewards a good reason to choose it?
Does cash back cover the monthly fees?
Does the card pass the break-even test?
Confirm your limit, your fees and how rewards are paid out, then read the issuer's complete terms before applying.
Advertisement. Checkngocash does not issue the Milestone® Mastercard® - 1.5% Cashback Rewards 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.