The Milestone credit card is a well-known rewards credit card that provides many rewards and privileges. With fewer annual fees, this card can be a great addition to your wallet if you’re looking to earn rewards for your everyday spending. Everything you need to know about the Milestone credit card, including benefits, drawbacks, and application information, will be covered in this comprehensive guide.
The Milestone MasterCard is issued by the Bank of Missouri, an FDIC-insured financial institution headquartered in St. Robert, Missouri. The main highlights of this card include:
- Annual Fee: The Milestone Mastercard comes with an annual fee ranging from $35 to $99, making it an affordable option for many.
- Strong Rewards Earning: Earn three times the points for various categories, including dining, gas, ridesharing, public transportation, popular streaming services, and phone plans. You’ll also earn 1X points for additional purchases.
- No Foreign Transaction Fees: Travelers will appreciate that the Milestone Mastercard has no foreign transaction fees, making it a valuable choice for those who frequently journey abroad.
Travelers who want to earn rewards points without paying an annual charge are the target market for the Milestone card. If you frequently dine out, take public transportation, or travel abroad, this card can help maximize your spending.
How Does the Milestone Credit Card Work?
The Milestone credit card works similarly to other travel rewards credit cards. Here are some important details about how it works:
- Earning Points: Accumulate points for every dollar you spend. You earn 3X points are awarded for meals, petrol stations, ridesharing, public transportation, well-known streaming services, and phone plans. 1X points for additional purchases.
- Redeeming Points: Points can be redeemed for cash back, gift cards, travel, and more through the rewards portal.
- Travel Rewards: One of the best options is to redeem points for airfare, hotels, rental cars, cruises, and other travel purchases. You’ll get the most value when redeeming for travel.
- No Expiry: Your reward points remain valid as long as your account is active and in good standing, allowing you to accumulate savings over time.
- Credit Requirement: To be eligible for this card, a good to excellent credit score (690 or higher) is essential. The higher your score, the more likely you are to be approved.
Benefits and Features of the Milestone Card
The Milestone credit card comes packed with some nice benefits and features:
Strong Rewards Earning
For meals, petrol, ridesharing, public transport, popular streaming services, and phone contracts, the card offers 3X points. This rate is great for bonus categories encompassing much of your daily spending. Every $1 spent on other purchases is worth 1X points.
Redeeming Points
While cashback is an option, you’ll get the best value from your Milestone points by redeeming them for travel. The following items can be purchased using points: flights, lodging, auto rentals, cruises, and vacation packages. Additionally, you can transfer points to your hotel and airline partners.
Free FICO Score
Your monthly credit card statement will include your latest FICO credit score for free so you can monitor your credit. This is a useful perk for keeping tabs on your credit standing.
When you consider all these benefits and rewards, it’s easy to see why the Milestone card login is a top choice as an everyday spending card.
Milestone Card Application and Approval Process
If you’ve decided that the Milestone credit card payment and login are right for your wallet, here are some tips for getting approved:
- Check your credit – You’ll need good to excellent credit (credit score of 690+) for approval. Check your credit reports and FICO score first.
- Reduce credit usage – If your credit utilization ratio is high, pay down debts to lower them before applying.
- Check for prequalified offers – Prequalifying doesn’t guarantee approval but shows if you may be eligible.
- Apply online – To register for an online account, you will have to provide your card number, birthdate, and Social Security Number (SSN).
- To activate your Milestone Credit Card by phone, call (866) 453-2636. Then, enter your Social Security Number and follow the automated prompts to get connected to a representative.
- Provide all requested info – Have income, employment, and contact details handy to complete the application accurately.
- Wait for a decision – A decision sent by mail can take up to 14 days to arrive. You may get an instant decision during the online application as well.
With excellent credit and a completed application, your approval chances are very high and your milestone credit card is activated. But don’t worry if you’re declined – there are plenty of other great no-annual-fee travel cards to consider as well.
Tips for Managing Your Milestone Credit Card
Here are some tips to help you manage your new Milestone credit card responsibly:
- Activate your card – Call or go online to activate your card as soon as it arrives. This verifies your identity and prevents fraud.
- Set up online access:
- Visit the official Milestone Credit Card website.
- Look for the “Log In” or “Sign In” button and click on it.
- Enter your Milestone Credit Card User ID and password.
- Designate a payment due date – Choose a date each month when you’ll pay your bill to avoid late fees.
- Set up autopay – For on-time milestone credit card payments, every month, enroll in autopay directly from your bank account.
- Pay in full – Always pay your milestone credit card bill in full each month to avoid interest charges.
- Beware of spending triggers – Cut up old cards and be cautious of overspending with a new high spending limit.
- Review statements – Milestone credit credit card reviews transactions each month to verify all charges are legitimate.
Following responsible credit card habits will keep your rewards rolling in without debt or stress.
Bottom Line
For savvy travelers and those who dine out frequently, the Milestone credit card can unlock tremendous value. It does come with an annual fee, typically ranging from $35 to $99, robust rewards on dining and transit, and valuable travel redemptions; it’s easy to maximize this card. New applicants with good credit stand an excellent approval chance. If you want a simple, everyday card to earn free travel, the Milestone credit card is tough to beat.
Frequently Asked Questions (FAQs)
How do I activate my Milestone card?
Call the number shown on the sticker on the front of your card or go into your account online to activate your new Milestone card. You must provide personal information to prove your identity.
How do I cancel my Milestone credit card?
Calling the customer care number listed on the back of your Milestone card will allow you to cancel the card. You can also log in online and submit a message requesting to close the account. It’s best to pay off any balance first before canceling.
What is the credit limit on a Milestone credit card?
Credit limits vary anywhere from around $1,000 up to $10,000 or more, based on your creditworthiness. Your exact credit limit will be disclosed when you are approved for the card.
How do I check the status of my Milestone credit card application?
You can call the application status line at 1-800-695-5171 to check on the status of your pending Milestone card application. You must submit personal information.
What is the annual fee for the Milestone credit card?
There is no annual fee to have the Milestone credit card, which is one of the key benefits of this card. There are no additional fees for renewal.
How long does it take to get the Milestone credit card in the mail?
After approval, you should get your new Milestone card in 7 to 10 business days. After two weeks have passed and you still haven’t gotten it, phone customer care to get a replacement card produced.
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