Milestone MasterCard Review: Legit or Not?

Posted by CreditCardGuru

Would you pay an old debt to get a new credit card?

Milestone credit card parodyThere’s a good reason why many old credit card accounts are sold off to debt collectors for pennies on the dollar… the chances of successfully collecting on them are quite slim.

However in recent years, a handful of debt collectors have gotten creative with how they get people to pay: offer them a new credit card in exchange for paying the debt. That’s exactly what Genesis Financial Solutions does with their Milestone credit card offer. Sometimes, the debt is reportedly past the statute of limitations. However, there’s really nothing to stop debt collectors from hounding debtors and it’s a very lucrative business.

Who’s behind it?

The Milestone MasterCard is issued by Missouri-based Mid America Bank & Trust Co., which has been around for almost a century (so they’re certainly not a fly-by-night operation).

If you’re looking for the Milestone credit card application you’re not going to find it – this is a targeted offer that is mailed out to people with charged-off debts. Often times, the amounts owed are relatively small (in the hundreds).

Is it a legit offer?

The offer is legitimate but how it’s marketed draws some criticism. Why? Because some people don’t understand they’re signing up for debt repayment.

For example, one member of CreditCardForum received an offer in the mail that if she paid $300, she would be given this credit card. At the time she accepted it, she had no idea that payment was going towards a debt which was past the statute of limitations.

Regardless, she was very happy with the outcome: it allowed her to pay back the debt and get a new MasterCard with a $300 limit.

Once you accept the offer, you have to pay a specified amount:

Milestone minimum payment

After paying the required amount, you are left with the credit card to use however you want.

In short, think of it as a balance transfer for bad debt. The prize you get for cooperating is the new card. For some who don’t have any other options due to their bad credit this can be a tempting carrot.

Worth it for 2014 or not?

I would base my decision on these three factors:

  1. How much is the debt? Obviously the smaller the amount, the more enticing it is.
  2. How bad is your credit? Even if you have horrendous credit, you can still probably qualify for secured credit cards with annual fees of less than $50. So there are other options out there.
  3. Does Milestone still report accounts? There have been some rumors buzzing that credit card accounts from the Milestone program are no longer reporting to the credit bureaus. I have not confirmed whether or not that allegation is true.

More than one member of CreditCardForum has accepted this offer. Ultimately if you take them up on this, you are getting something in return for what you should be doing anyway: making good on your bad debt.

Editorial Disclosure: The editorial content on this page is not provided by any bank, credit card issuer, airline or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

93 comments... read them below or add your own

  1. Bank Compliance Officer February 4, 2015 at 9:23PM

    I would suggest to everyone on this site who has complained to report your concerns to three sources:, and your state attorney general. Credit reporting is not optional it is required. Excessive fees on credit cards are restricted. Let these regulators handled this bank.

  2. Terry Levesque January 9, 2015 at 5:48PM

    HORRIBLE COMPANY….Run the other way. I applied and immediately called the company to cancel. After waiting forever, and no help from customer service, finally got a ” supervisor” who assured me the account was canceled. 3 weeks later I got a card in the mail with a 300 limit and a fee! WTF. Call them back,,,,wait forever,,,they have the MOST RUDE UNTRAINED customer support!!!! They agree to “wave” the fee…FEE for card I was assured was canceled within minutes of hitting send! NOT…looking for them in better bussiness bureu to file a complaint…

    • The Rebuker March 27, 2015 at 1:58PM

      over the years, premier consistently tried to get my business and i decided to try it. now, i understand the yearly annual fee is $75 because you don’t get something for nothing, especially, when you are trying to establish/rebuild your credit, and you automatically qualify for $300 which leaves a balance of $225, but after i was approved an additive of $95 popped up after the fact–and mind you it was not in the disclosure before you complete the application then this shows up. i was curious and i wanted to see where and why i was being charged this so i click on something how i wanted to pay for the processing fee, thereafter, a different disclosure with the purpose of this charge showed relevance. after i calmed down, i called the 800# and told the operator i wanted to cancel my card- she was rude, had an attitude, and act like she was doing me a favor like she was the card issuer, yet i was cool and polite and she hung the phone up. i called back again and no one would answer the phone–wth!! a wk in half later the card came in the mail and i nearly had an heart attack. wks went by and i was contemplating on paying the additional fees which i could not use the card until i pay the $95 processing fee, but a couple of my friends told me don’t do it that alot of times this quick scheme cards hurt your credit than help due to the high interest rates; however, everything would have been alright X the processing fee. 3 days a ago, i called them and talked to a nice customer service rep told her my plight and when i told her i want to cancel it her whole attitude change–and i could of swear it was the same one i talked to and then hung the phone up on me–she tried to convince me and jumped through hoops, you know yada-yada and i still told her i wanted it cancel and furthermore asked if this will hurt my credit. she said something of they will not acquire– i don’t know, but she wanted me off the phone and told me that she canceled it and for me to cut the card which i did already:) i have not been so happy since i did that. paying cash thank you

  3. Cancelled Immediately November 13, 2014 at 12:57PM

    I was approved online for $300 and received my card in the mail today. In order to gain access to your account and find out what your yearly fee is, you have to call and activate the card. After activating, I went online and registered the account. Once registered, I pulled up my Account Summary and found that my fee was $75. $75 for a $300 credit line?? Yeah, right. I called customer service and after going through the security questions, the first thing she told me was that there was a $75 balance on the account. I informed her that I was not happy with the mediocre credit line for a 25% fee and immediately cancelled the card. She asked me if I knew when I applied that there would be a fee and I told her that when I applied there were 3 fee options and the one I received was right in the middle. If I had been given the card with the smaller fee, I would have kept the card. At this point, she didn’t even offer me a compromise. I was actually kind of surprised that they wouldn’t make a one-time adjustment in order to gain some business. She placed me on a brief “muted hold” and then said, “OK – you can just cut the card up and not use it. You will receive a letter in the mail confirming that you chose to close the account. And, please be advised that you will never be able to apply for this card again.” HA! After reading about other people’s experiences with this company, I’m 100% certain I made the right choice. Steer clear – stick to Capital One or Credit One to reestablish your credit. No one should have to pay $75 for a $300 credit line. In the long run, without credit line increases, this card will only hinder your progress.

  4. Hassle November 9, 2014 at 9:48AM

    This card will be great for anyone who doesn’t need to use it. Confused, yeah me too. I have never had a credit card that puts a hold on your account after making a payment? According to CS and disclosure agreement, the hold can be 14 days. They claim mine is 5 days, which have passed but my available credit hasn’t changed. CS could use some re-training. First rep started reading my transactions which had already posted, didn’t look at my balance which had changed because of my payment and did not look at the credit amount under minimum payment due? Asked for a supervisor was transferred to student loans(thats scary)next rep took awhile but she agreed to what I saw then I asked about the hold and she said its 5 days for me. She seemed knowledgeable and was very nice.

    I will not be making anymore large payments, except when I pay this off real soon. I also will be closing this card prior to a year because of the $99.00 annual fee. Too many red flags and too Shady. I suggest you read the disclosure over very carefully. I’m sure I missed something like if you get close to your credit limit the card will self destruct.

  5. Rhoda R September 8, 2014 at 6:54PM

    I just received a letter from Milestone that I am ‘seriously’ overdue by $60.00. I DO NOT have a Milestone card. I DID NOT apply for a Milestone card and I am PISSED that they are trying to dun me for for a card that I do not have nor do I want. Does any one know how to get in touch with them – other than snail mail? I’m looking of a real telephone number or web site. Thanks.

    • M. Gomez October 20, 2014 at 5:55PM

      Milestone MasterCard® Contact Information
      Customer Service Hours Of Operation
      Daily 6:00am – 6:00pm (Pacific Time Zone)

      Correspondence Address
      Bankcard Services
      PO Box 4477
      Beaverton, OR. 97076-4477

      Phone Numbers
      Customer Service 1-866-453-2636
      Lost/Stolen 1-888-260-4532
      Activation 1-866-453-2066
      FAX 1-503-268-4711

  6. Devon September 5, 2014 at 12:32PM

    I got this card, long story short…I paid my debt back to first premier bank…but as I was making on time payments I noticed that they were not reporting my credit status to the TU, EQ, EX — so I dropped them immediately…I feel like all they wanted was the money.

  7. Robert August 21, 2014 at 5:38PM

    I got this card about a year ago.. I had bad debt with first premier bank. I was told that once I paid the original balance in full I could call and request the full payment history be reported to the credit bureau. I just paid it off today and called and asked for it to be reported. After reading a disclosure they told me that it would be reported however it could take 30 to 90 days. I feel like the fees are a little high. I currently only use it to pay for freecreditscore and I don’t see myself using it for anything else. But as long as it does in fact report like they said they would now that I paid off the original balance. I might hold on to it for a bit.

  8. Steve July 3, 2014 at 10:24AM

    My wife got this card offer as pre-approved last year. Granted, we only got a $300 credit line, but I have confirmed it is reporting to all 3 bureaus. We paid it off and use it only for emergencies. Over the last year, we have been able to obtain 2 capital one cards with a combined $2500 credit line. Our credit score went from 525 to 598.
    We will continue to play shuffle game with rep-approved offers for poor to bad credit. Use the card, pay it off and cancel the account during the 2nd year.

  9. Dustin March 18, 2014 at 9:36AM

    I saw this card advertised on CreditKarma, and decided to apply. This is the gold card, not one of their balance tranfer old debt cards I got approved for a $300 credit limit, minus a $75 fee.

    The first month I paid the $75 fee in full, and didn’t use the card, making my available credit $300, The second month I racked up about $238 in charges, and paid in full again.

    I went online a few days after I sent my payment (to see if it had posted), and I was locked out of my account.

    I called customer service and asked why I couldnt’t get into my account. Apparently they put 14 day holds on large payments, and during that hold you can’t use your card (even though the balance is paid in full) or access your account online.

    When I asked them to explain what amount wa condisered a large payment, the customer service rep would not tell me.

    Eventually the 14 day hold cleared and I regained access to my online account, but it was still an unnecessary hassle.

    I’m only using this card to build credit. I’m keeping this card for a year, until the next annual fee starts hitting the account, then cancelling it. For now, I’ll use it for my Netflix subscribtion, and that’s it.

    • Goofy May 2, 2014 at 4:53PM

      You will not build any credit with this card. I thought so too, however they DO NOT REPORT TO ANY CREDIT AGENCIES. Do some research.

      • Chad May 7, 2014 at 4:12PM

        I have this card and they do report to the credit agencies.

      • Mimi May 27, 2014 at 10:37AM

        They do not share to credit bureaus. I had this card for several years and I am almost done paying it down. Once I am done, it will be cancelled and the card will be shredded. They don’t even give out credit increases, not worth it if you can’t build credit.

      • Robert August 21, 2014 at 5:32PM

        They do report but there is a catch.. You must first pay off the original balance in FULL.. After the balance is paid off you have to call them and request that they start reporting.. That that time they read you a disclosure and the account is reported from day one… Just paid mine off today and have been searching to see if they ever up limits or if I should just cancel when the yearly fees come up.

      • M. Gomez October 20, 2014 at 5:57PM

        You have to let them know that you want them to report it to all 3 credit bureaus. They will.

  10. Johnny Card Holder February 24, 2014 at 3:31PM

    Yes i understood everything they told me in regards to how the card worked..
    My biggest issue is i have carried this card for over 5 yrs!!!! and was told that this card would be reported to the 3 credit bureau This card has not been !!!! I recently went to buy a house after yrs of trying to repair credit, when the report was ran, this card was not on the report. After calling them I found out that they do not report this to the credit bureau, and i was told it was thir “intention” but they couldnt under recent laws.. No letter informing me of this, no phone call, Nothing!! so i have paid on a card and been in good standings for 5 yrs to get NOTHING!!!! DO NOT GET THIS CARD!!!
    I am seeking legal advice on the legality of this. please feel free to contact me if you have had similar experience!!!! johnny.holly1 at yahoo

    • marc April 10, 2014 at 12:25AM

      after 5 years what was your credit limit? what did you start at? i just cheked my card and i got it in Jan and they have reported to Experian i know…let me know

    • terry June 15, 2014 at 11:10PM

      I used this card for a while myself do not see it on my report, however I made a late payment few months ago one of bureaus report late payment no name. I have no other debt or payments. don’t understand

    • M. Gomez October 20, 2014 at 6:08PM

      They do report it, but you have to tell them. Or else they won’t. I received mine few months ago and they are reporting it.

  11. andy February 17, 2014 at 8:55AM


    I got mine in Dec. 2013, for $300, minus the annual fee. Used it some, and paid $200 in Jan. and $200 in Feb.(actually Jan. 31st), even though minimum due was only $35 each time. Well, now this month(Feb.)they put the 14-day hold on my account, even though I have paid early both times and nearly 10 times the minimum due. The clincher is, that during this 14-day hold, I cannot use the card-even though the money cleared the card and my bank weeks ago, AND they blocked my online access-which is INSANE and makes no sense/no real reason for it! It was suppose to be unblocked the 14th, it’s now the 17th, and is still blocked. You have to ask yourself one thing: if you have always paid WAY more than the min. due, and always on time, WHY WOULD THEY BLOCK YOUR ONLINE ACCESS AND USE OF ANY FUNDS AVAILABLE ON THE CARD? SCAM/SHAM COMPANY, THAT’S WHY! So, now I am nearly 3 weeks out, after payment and cant use my card or access my account online. This is the “real” card, not the “old debt” card, as some have mentioned in other posts. Apparently there are/were 2 types of accounts. But, mine is definitely the regular credit card, because I applied for it. I only owe about $78 on it, and in about 10 days, I am paying it off, and cancelling the card/account, and would advise the rest of you to do the same!

    • Michelle March 26, 2015 at 8:19PM

      I think the reason for the 14 day hold from what I understand is to prevent people from making large payments that possibly could not clear or where they can say the payment wasn’t authorized by the cardholder and then continue to rack up additional charges on the card. Normally, you would only have access to the remaining amount of credit on the card minus the payment even though the payment has cleared your bank account.

  12. Eddie January 25, 2014 at 7:05PM

    I think this is a great card. I had an outstanding debt with First Premier. In return for me agreeing to pay back my debt, they would open up a low limit credit card (credit line of $50 after my first payment). I’ve always had a very pleasant experiencing dealing with them. Had to call a couple of times with different questions and I was always treated well and got my questions answered promptly. I’ve had it for a while now and get $25 credit limit increases every month. Killed two birds with one stone..paid off my old debt and got another way to help me rebuild my credit. To those considering using Milestone, just make sure you understand the process of how it works first. If you have any questions, just call customer care to get them addressed. =)

  13. WORST CARD EVER!!! January 10, 2014 at 10:04AM

    DO NOT GET THIS CARD!! I have only had this card a few months and it is BY FAR the worst card i have. They are the highest interest rate, they have the worst customer service, and their website is completely user UNFRIENDLY!! When i set up my bank act info to make payments, the act number was entered in wrong by 1 digit. When i noticed that the payments weren’t coming out, I went on the website to see what was wrong but it won’t let you check your bank info once you make a payment. It tells you “you are not allowed to change this information because a payment has already been successfully processed”. What do you mean i’m not allowed to change it?? It’s my card and my act. So then you have to call them a couple times because they like to pick up and hang up on you. To top everything off I’ve now made 3 payments since the first two returned due to the act being entered in wrong and i still cannot use my card because they put a block on it and refuse to remove it. DO NOT GET THIS CARD!!!!!!

    • Gwen June 6, 2014 at 5:31PM

      I totally agree with you. I have had this card for many years and I did pay off a debt. The payment is very high and was not lowered once I paid off the debt. The credit limit is very low for this type of payment. I recently paid my account and then I get a call saying I did not pay. Come to find out the account I was paying from was blocked by them and I did not know this, I was treated rudely. I have always paid my bill on time and usually over the required payment. I am closing it out today. I also do not recommend getting this card even if you do have bad credit. There are other alternatives.

  14. Worst Experience January 8, 2014 at 2:30PM

    I applied for this card 2 months ago and have yet to receive it. On the application it does not give the option to put in a mailing address, which mines is different from my physical address for I use a PO BOX. I called to inform them of this and I was told that I would have to wait until the account was created to change the address. I later called in to change the address and was assurred by the rep I spoke with that the address was updated and I would receive my card at the updated address that I provided. 2 weeks had past and still no card. I called back to find out that my address was not updated and that there had been notes placed in the system that the rep was unable to update my address and received an error which was not communicated to be on the phone. Needless to say I had to request for another address change. 4 weeks later and I have yet to receive the card, however, they had the correct address on file to send me a bill in the mail a month ago, and also informed me that I had a late fee for a card that had been used, received, or activated. I closed my account and was informed that they are not sure how this will effect my credit. This was the worst experience and customer service ever, and I wouldnt refer anyone to use this company. Get a secured credit card with a more creditable company. I will be disputing this off of my credit as well.

  15. George January 8, 2014 at 10:31AM

    Me and my wife both had these cards from older debts less then a year and we payed them off. I thought this was a creative way of dealing with a older debt. We were never hassled by the company and the debt is gone. I do believe that they report for the year and the amounts listed are for low debts with an attempt to collect within one year.

  16. SirDidymoss January 2, 2014 at 12:12PM

    Okay guys;

    So I applied for the card online, with no prescreened mail offer (actually was advertised on CreditKarma). I did have to fax in my IDs and utility bill. After calling in a few times (took a week due to the holidays for it to go through), I learned that it was because the automated system flagged the app because something didn’t *specifically* match. Probably a missing period, or a PKWY instead of a PY or APT instead of UNIT; who knows. Arbitrary reasons.

    Anyway, got approved today (it’s a subprime card, so I figured I’d be fine as my credit’s OK), and then came here. MAN this review scared me. After all this gardening, I was suddenly going to have this old library bill show up again on my report … afresh? What?!

    Yeah, so I called them. I was going to cancel it, actually, if there was any truth to it. It turns out that the Milestone Gold Credit Card is an *entirely* different program from the Milestone Balance Transfer Card, which is what this review is all about. They’re two different things. The other program did exist, but was discontinued; this is just a normal card like any other subprime card.

    I did pull in managers, supervisors, etc, until I found the info on this.

    For now, I don’t know my limit or anything just yet, and I haven’t used it. So I can’t speak on the card aspect, but I can say it looks like the two programs are being confused here. Just FYI.

    • Catlady January 3, 2014 at 6:27AM

      There is definitely confusion between the two types of accounts with similar names. The Milestone MasterCard application is available at any time on their website.

  17. BananaInTheTailPipe? January 1, 2014 at 5:35PM

    I just received a bill via email from Milestone, which I found to be very suspect. I never applied for a card, nor do I intend to pay off an aged out debt. My first instinct is to ignore this email. After reading comments I think I should maybe report this email to someone as fraud. Any advice from anyone here?

  18. Jeff December 21, 2013 at 8:55AM


  19. Jeff December 21, 2013 at 8:51AM

    as mentioned in other reports you will get a bill even before you activate the card, what a scam. their yearly fee is a joke. I filled out my payment info. on line a made a mistake on my bank number and made a EARLY PAYMENT

  20. Gary November 22, 2013 at 7:43PM

    Got my card last week, have not even activated it yet and today I got a bill for $59.00,( the yearly fee). Nothing was ever mentioned about paying off any old credit card debits, I don’t have any outstanding credit card debits. So, I’m a little confused on what you all are talking about, past debit wise.

    • Shannon December 4, 2013 at 9:34AM

      Mines was the same way. Then when i called my card to see my amount, they told me it was on hold. I really got so confused and went to credit fraud to put them in system for just in case!!!

    • MLR December 16, 2013 at 12:50PM

      Mines was the same way…I just applied online to see if I could get it…Approved..So far no issues..Already made an payment…trying to rebuild my credit…no problems, nothing about no old debt…

  21. lori November 20, 2013 at 3:29PM

    I recently applied for a card in October, I never received the card and still haven’t. I did however get a phone call telling me I had missed two payments (the fee to have the card) and was also being charged a $25 late fee. Not only did I not receive a card, I did not even get a statement. They did remove the late fees, but it still really irritated me. The address was not bad and they will be sending a new card. This is absolutely ridiculous and I don’t recommend getting the card.

  22. mary November 11, 2013 at 6:11AM

    Paying off old debt can be detrimental to your credit score. Say you have a 4 year old collection – it becomes aged and therefore impacts your score less. Paying it off does not remove it from collection status-It simply updates the old collection as paid and makes it new again which will have negative implications to your score. The best way to build your credit is allowing aged collections to continue to age and building positive credit but not with this card. Capital one has a secured card that is a great card that comes with a credit tool which allows you monthly access to your experian credit score. It is amazing to watch your score grow! The yearly fee is $39 so its atleast palatable.

  23. Idontknow November 7, 2013 at 4:51PM

    Is this card legit? i checked to see if i was pre approved on the website….it said I was. So i applied. Now its saying I have to send a copy of my utility bill and social security within 30 days or i will be declined? Sounds like bs to me?

  24. KDGarrison October 20, 2013 at 2:39PM

    I can not even get a hold of anyone at Milestone.. What is this? I call to activate and get hung up on as soon as I hit the pound key, I have tried two different phones too. Someone help!

  25. Tony0216 October 15, 2013 at 10:06AM

    Ok, so i just applied for this card because i would like to be able to have something in case of an emergency. I have terrible credit so i was skeptical. I applied on the web site and i was approved for a $300 credit limit. I keep reading things about paying off old debt, but i am very confused about how this is going to work. If someone could please give me the run down, it would be greatly appreciated.

    • micaiah October 24, 2013 at 6:20PM

      What you applied for is a regular credit card. They report to all 3 credit agents. Folks this is not rocket science lol..gee if its that hard to figure out then you dont need a credit card. lol

      • jpitsy088 December 5, 2013 at 4:29AM

        I’M typed in Google Search Applied Bank and Milestone MC showed up have poor credit was looking for a sml cl card just for a gas station card. I applied on line and was approved. Looked like a site from Cap 1. I do have some outstanding debt. I am paying as many as I can. After approval of the card it was a bit disappointing to be given the high fees. But I thought I actually read the Terms&Agreements, and I did not read or sign anything saying I was paying off a debt. How do I know which one. Since I AM TRYING to pay off debts, don’t want to pay off one twice. What a scam. You THINK I would of been more responsible. jenna

    • Brittny November 8, 2013 at 8:45AM

      I did the same thing I applied online and was approve for the $300 card limit. I received my card 2 weeks ago I activated it and I used it already just like a regular credit card. I did not have to pay back any debt to use this card. I don’t know if it’s because I don’t have any old debt or any other credit card debt. On your first statement will be a $75 balance for the yearly fee, you can still use the remaining $225 credit on acct. I have no complaints to this card. The reps were nice when I called and activated the card.

      • Lindsay November 25, 2013 at 5:57PM

        How long did it take for your card to come in the mail?

      • Dee Dee December 13, 2013 at 7:38AM

        i had the same experience as Brittany, I received my card. i sent no money ahead of time. I have used it and already made a payment. I use it like a gas card. to rebuild my credit. I have spoken to their customer service people. Who were very nice.

      • M. Gomez October 20, 2014 at 6:12PM

        I agree with you. Customer Service is very friendly have no problems. I’m using my card, don’t have an old debt. No problem here.

    • honeygirl December 20, 2013 at 10:39AM

      I went on this web-site applied for this credit card and was approved for the card was given a 300.00 limit as well and had to pay for a 75.00 yearly fee and my amount was 225.00, so the statement will be on the 15th of the month i just used it no problems so far trying to get my credit back to where it use to be and I NEVER had to pay off some old debt DON’T KNOW WHAT SOME OF THESE PEOPLE are talking about i just stumble on this web-site never heard of this company before and i did talk a customer service rep and they were very nice and explain every thing to me SO far SO good.

      • Legacy February 4, 2014 at 12:32PM

        I agree I hot the 300 dollar credit limit and they just charged me 75 for annual fee never had to pay back debt. If you got to pay off fees your credit must be real fucked up

  26. Nancy Hebert October 1, 2013 at 8:02PM

    I applied for this card and their site said i was approved but it didn’t show my credit limit. How can I find out what it is?

    • micaiah October 9, 2013 at 8:18PM

      UR starting credit limit will be $300

    • Ronald Davis October 11, 2013 at 6:07AM

      I applied and I was approve and they showed me the credit limit and I had printed it out for my record.

  27. Sharon September 30, 2013 at 4:53PM

    Ok so how is this legal if your paying off an old debt and it was never told to you beforehand???? That to me seems illegal!

    • jpitsy088 December 5, 2013 at 4:32AM

      I think this Milestone card is so misleading, I’m with you don’t understand how it’s legal.

  28. Micaiah September 19, 2013 at 11:04AM

    Now you can apply for the card at It’s designed for people with less than perfect credit. The fee’s are just like creditonebank. Milestone charges $75 annual fee the first year then second year it jumps up to $99 a year plus 23% interest rate..unlike creditone bank. milestone card has a 25 day grace period to repay to avoid interest.oh and The Milestone Gold MasterCard is issued by Mid America Bank & Trust Company through a partnership with Genesis Bankcard Services, Inc. Mid America Bank & Trust Company is a well-established, FDIC-insured Missouri bank founded in 1920 in Dixon, Missouri. personally i wouldnt go with a credit card that charges that much for annual fee. go with capital one.

    • micaiah October 24, 2013 at 8:20PM


  29. Nicole DuBose August 9, 2013 at 11:11AM

    This card is kinda pointless to have. I’ve had this card for more than five years and the card offers no real advantages, even a request for a increase is not given.

  30. cari July 10, 2013 at 2:28PM

    Hey..i got the card and paid my 38.00 availble credit is 50.00..can i use it for gas or get smething to est at mcds….cause..when i activated the card..if it is useable whats my pin number or does it have confused.

    • Dawnie D August 30, 2013 at 9:13AM

      You have to call the 800 number and request a pin. The pin numbers are computer generated. They actually charge you $5.00 for the pin request but it is added to your bill. Once you receive the pin (within 7 to 10 days) you can now use your milestone mastercard to withdraw cash at an atm or in a bank for cash advances. The reason I know all of this is because I just received my Milestone Mastercard. It gives me the opportunity to pay off my $412.66 debt for the first credit card as well as I now have a new credit card with a $50.00 credit limit. I chose to make the lowest monthly payment of $35.00. As long as I make the minimum monthly payment of $35.00 on time, I will receive a credit line increase every three months in the amount of $25.00. Of course, so you know, the minimum monthly payment goes towards payment of your old debt. However, if you use the Milestone Card, that amount will be additional to the minimum payment so don’t forget that. In my opinion, I think it is actually great that for starters, they offer you a chance to pay off your old debt, and second, you receive another credit card to give you a chance to re-establish your credit. Most credit card companies just charge off the unpaid balance and that goes on your credit report as a charge off which is not good at all. At least with this, you get the opportunity to make good on your mistake and pay your past debt in full and re-establish your credit. So, in turn, as long as you pay your minimum payment, they will in turn mark your prior bad debt as PAID IN FULL and you are now in the right direction by using the new card to re-establish your credit. It is rare (and usually NEVER happens) that a credit card company will even give you the opportunity to do all this once they charge off your past due account. Just my opinion of course. Dawn

      • jpitsy088 December 5, 2013 at 4:40AM

        I’ms, so confused when I was approved for the $300 dollars, then they added fees. Told me my available CL would be $2oo. Never mentioned that I was paying off a old Debt. Charged me $25 for a card for my husband. Jenna

  31. Barbara June 15, 2013 at 12:56PM

    I have this card and have had it for two years now. Original debt for First Premier was $457. I paid it off and Milestone gave me a credit limit of $150. I called and requested they report to all three credit agencies. Was told they can’t undo it if they start. I pay it off every month. The $4.99 monthly fee is annoying but, this card was a start to rebuilding my credit. Transunion and Exquifax are reporting the first Premier paid in full. Although Experian is reporting Derogatory. I had called Milestone to ask about it and was told they reported it as paid in full to First Premier. Haven’t had any luck wth First Premier updating my paid in full status.

    • Regina June 23, 2013 at 10:39PM

      I am having the same problem, so I wrote a letter to them demanding that they show it as paid in full. This was promised to me by several agents from Milestone and both times it was recorded on my end. So I don’t mind filing a claim with FCRA. Keep trying and let me know whats the outcome with your status and I will like you know about my status.

  32. Nine8102 June 12, 2013 at 12:05PM

    I’ve had this for about two years (just got my first renewal card). I’m mixed about it… On the one hand, I’ve got a tiny, tiny limit ($150!), and the $4.95 “Participation Fee” is annoying, but on the other hand, It’s a great little card to use as a gas or incidentals card that you know won’t get out of control. I haven’t checked on the interest rate lately, but it doesn’t matter since I pay it off every month. I’m gonna have to check into the whole credit-bureau-reporting thing, though.

    • noman September 13, 2013 at 3:17PM

      Go online check your credit score the people that you owe money to hit
      Dispute to the person that you the debt to you can do 3 a month and this will
      Raise you credit score.

  33. Still Unsure May 29, 2013 at 12:02PM

    I also received this offer and made an initial payment of $100 towards a $475 old credit card bill. My payment posted right away while my credit line still remained at $1.06 – don’t really mind not having the credit to spend but I do want to make sure that this is really clearing up an old debt, especially when the original debtor is still calling. Granted I just accepted this offer 2 weeks ago but between wondering if it will really settle an old debt and if it will reflect on my credit report is making me want to shred it up and any information that came with it!

  34. kerisa April 26, 2013 at 6:19PM

    so I made my first payment and it has been deducted from the amount that I owe but doesn’t show as an available balance…. why is this?

  35. Ed April 20, 2013 at 2:47PM

    You have to ask them to report to the credit bureaus. I just got off the phone with them. They said once you ask them to report, they can’t undo it.

    • Still Unsure May 29, 2013 at 12:03PM

      I tried calling them 3X today and it rings . . . and rings . . . and rings . . . and rings.

  36. Bruhilda March 26, 2013 at 8:01AM

    Is there any updates on this card? Can’t find any other reviews

  37. Timothy James March 25, 2013 at 2:20PM

    I think it depends on the debt maybe? I accepted this offer with 0% interest for the first year of purchases and 0% on my debt of $474.56. For me they have reported because it is on my credit file. You can use Credit Karma to check what accounts are being reported. Nothing will post for a few months if you just opened a milestone card but for me it posted on my credit report. I do have two other credit cards one with Capitol One and a Best Buy card and they do offer much better interest rates and I do not have an annual fee but if you have debt that is still within limitations, like mine, which is from the past few years, it’s not a bad deal. If you do not like the apr or fee’s you can transfer it to another credit card if you have that option. It’s not the best way to pay back your debt, but it’s also not the worse, and for me has helped with my credit, not by much, but shows in the long run with account history, payments and helped me get a car loan. So to each their own.

    TJ- Michigan

  38. BOBBY March 19, 2013 at 6:19PM

    I received this card 3 months ago, they promised to report these payments to 3 credit reporting agencies and that is why I agreed with this offer, if they don’t I’ll sue them!!! maybe even refer them to a collection agency and collect from them.

    • Derek January 2, 2014 at 4:24PM

      If you could afford to sue them you wouldn’t be accepting $300 credit limit offers. Idiot!

  39. Sandra March 13, 2013 at 10:09AM

    All the different opinions and experiences are so different. I have had this card a little over a year I had a $500 debt I paid $35 a month and they-slowly increased my credit limit from $50 to $175. I finally paid off the old debt called them and they were bale to report my revolving credit to the credit reporting agencies. It bumped up my score by 6 pts the first month. So I think as long as I use it and pay it off within the 30 days, my score will increase. Good luck to everyone rebuilding your credit is hard! But so worth it!

  40. Jasper February 15, 2013 at 9:44AM

    They do report to the 3 credit bureaus. You have to pay off your past due balance (the bad debt) first, then contact them to report on your revolving balance. I would advise paying the debt off and not using the credit card until the debt is paid off. Any debt accrued during repayment of bad debt with only add interest and more debt, slowing down your repayment process.

    • kara February 18, 2013 at 4:34PM

      Checked my credit report and did not see account listed, further confirmed that because of some fdc issues this specific card has not reported to any of the 3 credit bureaus since December of 2011.

      • kara February 18, 2013 at 4:43PM

        A follow-up to earlier post – Humble opinion, do not use this card to build your credit because it is not reported, use for emergency or miscellaneous items and make sure to pay your bill on time because you will be caught up in a collection process and these agencies will report your collection status to the credit bureau.

  41. Star February 3, 2013 at 7:13PM

    been with these guys since 08(and I signed with them before I realized they were going after a debt over 10 yrs) and they don’t report to the bureaus and not sure why. If I remember correctly they are suppose to by law report any changes. Well I want to get away from them since they have an annual fee which I have a feeling they are going to raise again(they did last year because the credit card companies were told they had to give 30 days notice before raising the fee). Also in their statement when they sent it if anyone complained about the fee or the apr raise they would cancel their cards which I think it against the law.

  42. Matt Stark January 29, 2013 at 6:37AM

    Trust me, its not what you think. I got the card for a $437 debt from my divorce. The day after I got the first statement they started calling me from the collections dept. I transferred it to another card and got away from this scam.

  43. gorgon January 27, 2013 at 6:53AM

    I also have one of these cards. After reading the interest rate for current usage I called them asking to lower the rate in which they said they are unable to change the rate. I refuse to pay 25%. Another credit card is just an application away. This one is headed for the shredder.

    • Derek January 2, 2014 at 4:29PM

      There is no interest if you pay your card off every month. These rates and fees are the price you pay for having bad/poor/fair credit. If your searching this type of card the chance of numerous application willing to give you 8% interest and no annual fee are far fetched.

  44. Paul January 17, 2013 at 3:43PM

    I recommend this card if you are serious about cleaning up and rebuliding your credit. I got Milestone card back in 2009. 2010 I was able to finance a car. In 2011 I was able to finance my first home. Last year I traded in my car and finance a new Truck at 1.9%. Never been late on one payment and so far everything has worked out for me.

    • tee May 3, 2013 at 5:38PM

      did you just pay off your debt before you used the card first or did you pay monthly and use the card as you would a normal credit card?
      did they report to the credit bureaus the entire time you had the card?

  45. tamera s. strong January 10, 2013 at 4:44PM

    I have the milestone credit card and it comes in handy for me. i use it as an emergency card it is helpful to me especially if i have overspent on groceries or something. you have to know how to treat it.

  46. Kimberly January 1, 2013 at 6:22AM

    I got the milestone card have not paid anything because the credit card comany I had card with say they have never heard of them nor the powers that be

  47. Jeremy December 19, 2012 at 10:20PM

    I have 2 of these cards. And now both my old credit cards are paid off now, wich is good for my credit. Now i just use the milestone card for my gas card each month.

  48. Sandra Thompson December 7, 2012 at 1:18PM

    I just got this card and am wondering if I should use it?

  49. Randi October 26, 2012 at 2:09PM

    I have a Milestone card and it was a good situation; however, they do not report to any of the 3 big credit agencies. I have talked to them about this and they stated that it has to do with some recent legislation. (They, did, say in the beginning of my paying off the debt that when I paid the old debt off they would then backdate the reporting which they said the legislation prevents them from doing.) Overall I was happy with them, but it is annoying that the payments take a really long time to post and they ask you for all your information every time you talk to them.

  50. courtney August 8, 2012 at 3:30PM

    I have a milestone care to pay off a old premier card with a debt of $376. It was great for me and I like it. I have 0% interest fees and that’s great since I am a.single mother of five and my minimum payment is only $55.

  51. Blueca July 10, 2012 at 6:24PM

    I’ve had this card for a couple of years and they’ve never once reported to the credit bureaus. I just (2 days ago) pulled my credit and it’s still not reporting even after talking with a customer service rep.

    • chris August 7, 2012 at 7:04AM

      You have to ask them to actively report to the credit bureaus. Once you give them the authority, they’ll report every month. Mine has been fine and shows my entire 1 yr history on all 3 credit bureaus.

  52. Sandra May 14, 2012 at 7:26PM

    I have one of these cards far so good. I have not used it as a CC instead I am just slowly paying off the $500 debt I uncured from an old card.. so It seems to be working.. I did try to use it once and it said it was invalid so I am not sure what was up with that..maybe it was a good thing I didn’t use it then I would’ve just added some more debt.

  53. Shari April 27, 2012 at 6:15AM

    They also talk you into making a higher payment, stating your interest, account will be paid quicker, and they promise your payment will never increase. Well that is not true, payments are increased and you have no available credit for several months, when you have consistently paid these high payments 3-5 months in a row. Kind of a rip off.

  54. randeman April 11, 2012 at 6:45AM

    My cousin has this card. He also has one of those credit monitoring services and he said they definitely report to all major bureaus. He said he couldn’t remember how long he has had the card, but it has been at least five years. He also stated that they reject all requests for credit increase and reject all requests for interest rate reductions. He further stated that on more than one occasion their customer service reps can be abrupt to the point of being rude.

    • Confused August 13, 2012 at 12:51PM

      They reported to the credit bureau until Jan 1, 2012 and then they stopped. I don’t understand how if it’s a “Credit Card” and they charge you interest that they can not and do not report to the credit bureau? They actually said it’s not concidered a credit card any longer, now its a check card? Huh?

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