Milestone Mastercard Credit Card: How to Apply

The Milestone Mastercard is built for people who want to rebuild their credit and need a second chance.

You can pre-qualify without hurting your credit score and apply easily online.

This guide will show you everything you need to know to apply fast and right.

Who Should Consider This Card

If you’re not sure if the Milestone Mastercard is right for you, here’s a quick way to find out.

This card is made for people who need a tool to get back on track. Check if you match any of these:

You should know precisely what you’re getting before applying.

This card has some real benefits that make it worth considering if you’re rebuilding your credit. Here’s what you get:

Pre-qualification without hurting your credit: See your chances first without risk.
Reports to all three major credit bureaus: Helps you rebuild credit faster if you pay on time.
Fixed interest rate: No surprise rate hikes later.
No security deposit required: Unlike secured cards, you don’t need to deposit money upfront.
Simple online account access: Check balances, pay bills, and manage your account easily.
Fraud protection: You’re not held responsible for unauthorized purchases.

Before you apply, you need to be clear about the downsides too.

The Milestone Mastercard has a few hidden drawbacks that could cost you if you’re not careful. Here’s what you should know:

High annual fees: Some versions charge up to $99 annually, even if your credit is still low.
No rewards program: You won’t earn cashback, points, or miles.
High APR: Around 24.90%, making carrying a balance expensive.
Limited credit limit: Many users start with low limits like $300–$500.
No upgrade path: You can’t move to a better card from Milestone later.
Limited customer service: Some users report slow responses and limited support options.

You must meet a few basic requirements to apply. Here’s what you need:

Age: You must be at least 18 years old.
Residency: You must have a valid U.S. physical address and a U.S. IP address.
Social Security Number: A valid SSN is required.
Credit History: You should not have an existing Milestone Mastercard account or one charged off due to delinquency.
Financial Review: Your income and debt levels will be reviewed.
Identity Verification: You must pass identity verification checks.

Make sure you have these items ready to complete your application smoothly.

This will help you complete the application smoothly and avoid delays.

Personal Information: Full legal name, date of birth, and a valid U.S. physical address (no P.O. boxes).
Social Security Number: Required for identity verification.
Income Details: Your total annual income and employment status.
Housing Information: Monthly payment amount and housing status (rent or own).
Contact Information: A valid phone number and email address.
Credit History: Be aware of your current credit score and history, as a minimum credit score of 500 is typically required for approval.

The Milestone Mastercard application process is simple. Here’s how to do it step-by-step:

Visit the official Milestone Mastercard website: Look for the “Pre-Qualify Now” option on their homepage.
Start Pre-Qualification: Click on “Pre-Qualify Now” to begin the process.
Enter Personal Information: Provide your name, address, date of birth, and Social Security Number.
Provide Financial Details: Input your income, employment status, and monthly housing payment.
Review Terms and Conditions: Carefully read the terms before proceeding.
Submit Pre-Qualification Form: Click “Pre-Qualify Now” to submit your information.
Review Offer: If pre-qualified, you’ll receive an offer detailing the card terms.
Complete Full Application: Accept the offer and provide any additional required information.
Submit Application: Finalize and submit your application for approval.
Await Decision: You may receive an instant decision. If approved, your card will arrive within 14 business days.

After you submit your application, there are a few things you should expect next. Here’s what usually happens:

Instant or Quick Decision: Many applicants get an answer within minutes, but some cases might take longer if more review is needed.
Approval Notification: If approved, you’ll get a confirmation message immediately or by email.
Card Shipping: The card is usually mailed within 14 business days after approval.
Card Activation: Once you receive your card, you must activate it online or by calling the activation number provided.
Start Using Your Card: After activation, you can use the card for purchases, but remember your initial credit limit might be low.
Monthly Reporting to Bureaus: Your account activity will be reported to Experian, Equifax, and TransUnion.

Understanding the interest rates and fees associated with the Milestone Mastercard is crucial.

This card, aimed at individuals looking to rebuild credit, comes with several costs:

Annual Fee: The annual fee ranges from $75–$175 in the first year, then drops to $49–$99 afterward.
Monthly Maintenance Fee: Some card versions include a monthly fee after the first year, up to $12.50 per month.
Purchase APR: A fixed rate of 35.90% applies to purchases higher than the average credit card APR.
Cash Advance APR and Fee: Cash advances also carry a 35.90% APR, with a fee of $5 or 5% of the transaction amount, whichever is greater.
Late Payment Fee: Up to $41 may be charged if a payment is late.
Returned Payment Fee: A fee of up to $41 applies to returned payments.
Foreign Transaction Fee: A 1% fee is charged for transactions made in foreign currencies.
Overlimit Fee: If you opt into overlimit coverage and exceed your credit limit, a fee of up to $41 may be charged.

Before you hit submit, a few smart moves can boost your chances and save you headaches later. Here are quick pro tips you should follow:

Check Your Credit Report First: Fix any errors that might hurt your chances.
Use the Pre-Qualification Tool: It won’t affect your credit score and shows your chances fast.
Have All Your Info Ready: Personal, income, and housing details should be easy to grab.
Understand the Fees and Terms: Know precisely what you agree to before applying.
Avoid Multiple Applications: Don’t apply for other cards right after this one; it can lower your score.
Set Up Online Account Access Immediately: Register online to manage your card correctly once approved.
Plan to Pay Balances in Full: The APR is high, so carrying a balance will get expensive fast.

For assistance with your Milestone Mastercard, you can contact their customer service through the following methods:

Phone Support: Dial 1-800-305-0330 and enter your Social Security number when prompted to speak with a representative.
Conclusion: If you need a second chance card, Milestone can work — but only if you use it wisely.
General Correspondence Address: Concora Credit, P.O. Box 4477, Beaverton, OR 97076-4477