dcsimg

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers from our partners. How we make money.

Apply online for Milestone® Unsecured Mastercard®
About Our Ratings
Credit Needed
Bad/Poor

Milestone® Unsecured Mastercard® Review

Pros & Cons

  • You have the opportunity to build or re-build your credit as this card reports to all three major credit bureaus.
  • This is an unsecured card, so there's no need to come up with the cash for a security deposit up front.
  • There's a pre-qualification process that allows you to avoid a hard credit inquiry when you apply for the card.
  • There's no security deposit required, but there is an annual fee dependent on your creditworthiness.

Top Features

Purchase APR
23.9% Fixed
Annual Fee
$35 - $99 (Dependent on credit worthiness)

Full Review

Amber Stubbs Managing Editor

Milestone® Unsecured MasterCard® Essentials

Pre-qualifying for a credit card typically requires a hard inquiry, which inevitably dings your credit score, at least a little. If you’re aiming to build or rebuild your credit score every little adjustment to that three-digit number matters dearly, which is why we perked up after hearing about the Milestone® Unsecured Mastercard®. The Milestone® Unsecured MasterCard® offers a pre-qualification process that does not mean a hit to your credit score.

Additional perks make it easy for cardholders to focus on rebuilding and building credit, too.Milestone® reports to the three major credit bureaus and you can utilize sites like WisePiggy to access your free credit score (using a soft inquiry which does not affect your credit score).

Milestone® Unsecured MasterCard®’s best features:

  • Zero Liability
  • No security deposit
  • Reports to all three major credit card bureaus
  • Quick pre-qualification
  • MasterCard® Gold benefits, including price protection, rental car insurance, roadside assistance and travel assistance
  • Identity Theft Resolution Services

What Our Editors Like Most About the Milestone® Unsecured MasterCard®

The Milestone® Unsecured Mastercard® is designed to help consumers rebuild their credit. To get the card, you must follow this process: Milestone® will determine whether you pre-qualify based on the information it receives from credit reporting agencies and other sources with details about your credit history. If you qualify, Milestone® will recommend an APR/annual fee combination based on your credit profile (more on that below). The Milestone® Unsecured Mastercard® is an unsecured credit card, so there’s no security deposit. Credit lines start at $300 for the card, but the company will determine your credit limit based on your credit profile once you’re approved. After approval, the card has many standard benefits that you’ll find with secured cards offered by major companies like Bank of America® and Capital One®.

One of the best card benefits is MasterCard®’s Identity Theft Resolutions Services. These services include identity theft alerts, which informs consumers if MasterCard® believes thieves are buying and selling your personal information online. The service also includes guidance from an identity theft specialist about how to keep your information secure. There’s zero liability protection if your card is lost or stolen, and MasterCard® Gold offers benefits like extended warranty coverage, price protection and emergency roadside assistance to keep you safe.

Potential Downsides of the Milestone® Unsecured MasterCard®

Unlike other unsecured cards, the Milestone® Unsecured MasterCard® doesn’t offer a credit limit increase. The credit limit you get when you’re first approved, is what you’ll be stuck with — at least until Milestone® changes its policy. There’s also no balance transfer option, which is probably negligible considering that the APR average is slightly high.

The biggest drawback with this card is the annual fee structure. Depending on your credit profile, you’ll be offered a different annual fee/APR combination. All of them have relatively high APR and annual fees start at $35. They then increase to $59 — and depending on how bad your credit is — go up to $75 the first year and $99 every year afterward.

If you’re looking to rebuild your credit, it might be better to get a secured card with no annual fee and a low minimum required deposit.

How the Milestone® Unsecured MasterCard® Compares to Other Credit Cards

Milestone® Unsecured MasterCard® vs. USAA Secured Card® Platinum Visa®

The USAA Secured Card® Visa® Platinum has a $35 annual fee, but unlike the Milestone® Unsecured MasterCard®, it isn’t variable based on your credit history. The USAA Secured Card® Visa® Platinum requires you to open a two-year certificate of deposit with a minimum of $250. Yet, unlike the Milestone® Unsecured MasterCard®, your credit limit can increase to as much as $5,000 based on your security deposit. Plus, you’ll get to earn some interest on your CD balance. Both cards feature benefits like extended warranty and identity theft solutions. If you’re looking for more flexibility and a higher credit limit, pick the USAA Secured Card® Visa® Platinum.

Milestone® Unsecured MasterCard® vs. Credit One Bank® Unsecured Platinum Visa®

The the Credit One® Unsecured Platinum Visa® has two attractive card benefits that surpass Milestone®: free credit scores and 1% cash back on gas and groceries. The APR on both cards is comparable, and the annual fee also is similar — $35 to $75 for the first year and $35 to $99 thereafter. If you want to add an authorized user to your card, there’s a $19 annual fee for the Credit One® Unsecured Platinum Visa®. The fee is $25 with Milestone®. Both cards also apply some of the setup and maintenance fees once you open your account, reducing your initial credit limit by that amount. The Milestone® Unsecured MasterCard® and the Credit One® Unsecured Platinum Visa® are fairly similar cards, but the the Credit One® Unsecured Platinum Visa® has a slight edge because of its cash back and free credit score benefits.

Who Should Get This Card?

Milestone® reports to all three major credit bureaus, so the Milestone® Unsecured Mastercard® is a good tool to repair bad credit. If you don’t have the necessary deposit for a secured card but still need credit, it may be worth it to fill out the pre-qualification form.

This page was last updated on November 01, 2017

This card compared to other bad credit cards

Purchase APR
23.9% Fixed
18.64% Variable 
24.24% Variable 
Annual fees
$35 - $99 (Dependent on credit worthiness)
$35
$0
CardRatings.com Editorial Staff

Milestone® Unsecured Mastercard® details

Balance Transfer Intro APR
N/A
Balance Transfer Intro Period
N/A
Purchase Intro
APR:
N/A
Purchase APR
23.9% Fixed
Annual Fee
$35 - $99 (Dependent on credit worthiness)

What Genesis Bankcard Services says about this card

  • Quick pre-qualification available with no impact to your credit score
  • Protection from fraud, if your card happens to be lost or stolen
  • Choose your custom card design - Free
  • Free online account access
  • Easy pre-qualification process with fast response
  • Accepted at over 35 Million Locations Worldwide!
  • Previous bankruptcy OK

Credit Card Consumer Reviews:

  1. No reviews available for this card.   Be the first to review!

Write Consumer Reviews:





E-Mail will not be published









Start Here

Search. Compare. Apply.

Apply online for OpenSky® Secured Visa® Credit Card

OpenSky® Secured Visa® Credit Card

  • No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
  • The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
  • Build credit quickly. OpenSky reports to all 3 major credit bureaus.
  • 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
  • We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search "OpenSky Card" in Facebook.)
  • OpenSky provides credit tips and a dedicated credit education page on our website to support you along the way.
  • *View our Cardholder Agreement located at the bottom of the application page for details of the card.
Credit Needed:
Fair/Poor/Bad/No Credit
Apply online for Discover it® Secured Card - No Annual Fee

Discover it® Secured Card - No Annual Fee

  • No Annual Fee, cash back on every purchase, and helps you build your credit with responsible use.
  • Your Secured Credit Card requires a refundable security deposit up to the amount we can approve of at least $200 which will establish your credit line. You will need to provide your bank information when submitting your security deposit.
  • We will automatically begin reviewing your account starting at 8 months to see if we can transition you to an unsecured line of credit.
  • Earn 2% cash back at restaurants & gas stations on up to $1,000 in combined purchases each quarter. Plus, 1% cash back on all your other purchases.
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
Credit Needed:
Please refer to issuer's website