Purchase APR Rate: See terms – Annual Fee: See terms – Credit Needed: Fair/Good – Foreign Transaction Fee: 1% of each transaction in U.S. dollars.
Yes, the Milestone Credit Card has a minimum credit limit of $700. This is the starting credit limit that all approved cardholders will receive, but some may be approved for a higher limit based on their credit history and other factors. The maximum credit limit for the Milestone Credit Card is $1,000.
It is important to note that the Milestone Credit Card has an annual fee of $175, which is deducted from your credit limit when you open the account. This means that your effective credit limit will be $525 for the first year.
Here is a table of the credit limits for the Milestone Credit Card:
|Effective Credit Limit (First Year)
Please note that these are just estimates, and your actual credit limit may be higher or lower. The best way to find out your credit limit is to contact Milestone Credit Card customer service.
What is the minimum credit limit for the Milestone Mastercard?
The minimum credit limit for the Milestone Mastercard is $300. However, some cardholders may be approved for a higher limit based on their credit history and other factors. The maximum credit limit for the Milestone Mastercard is $1,000.
Can you get a credit line increase for the Milestone Mastercard?
No, the Milestone Mastercard does not currently offer credit line increases. This is because the card is designed for people with bad or no credit, and the issuer does not want to give cardholders the ability to borrow more money than they can afford.
However, there are a few things you can do to improve your chances of getting approved for a credit card with a higher credit limit in the future. These include:
- Making on-time payments on your bills.
- Keeping your credit utilization ratio low.
- Increasing your income.
- Applying for a secured credit card and using it responsibly.
If you are able to improve your credit score, you may be able to qualify for a credit card with a higher credit limit. However, it is important to remember that credit card debt can be expensive, so it is important to use your credit card responsibly.
A review of the Milestone Mastercard from a Reddit reader stated the following fees and interest charges:
- Annual fee: $175 for the first year, $49 after that
- Monthly maintenance fee: $0 for the first year, $12.50 after that
- Credit limit: $700
Other important information:
- No grace period, so interest starts accumulating on fees immediately
- Interest is charged on account fees
- New purchases start accumulating interest immediately
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