Pros

Accepts Low Credit Scores: The Milestone® Mastercard® caters to individuals with less-than-perfect credit, providing an opportunity to build or rebuild credit history.

Reports to Credit Bureaus: This card reports to all three major credit bureaus, helping cardholders improve their credit scores with responsible use.

Quick Pre-qualification Process: The pre-qualification process is fast, easy, and does not impact the applicant's credit score.

Mastercard® Benefits: Cardholders can take advantage of Mastercard® benefits, including Zero Liability Protection and extended warranty coverage.

Cons

Annual Fee: $175 the first year; $49 thereafter.

Monthly Fee: $0 the first year (billed $0 each month); $150 annually thereafter (billed $12.50 each month).

High Regular APR: The card has a 35.9% fixed APR, which can be costly if cardholders carry a balance.

No Rewards Program: There is no rewards program associated with this card.

Foreign Transaction Fee: Cardholders will be charged a 1% foreign transaction fee on purchases made outside the United States.

Cash Advance Fee: $5 or 5% of the amount of each transaction, whichever is greater (not to exceed $100).

Why Choose It

The Milestone® Mastercard® is an appealing choice for those with lower credit scores who are looking to establish or rebuild their credit history. While it lacks a rewards program and charges an annual fee, the card's focus on serving individuals with less-than-perfect credit is its main strength. The quick pre-qualification process and Mastercard® benefits add value for cardholders. Despite the high regular APR and foreign transaction fee, the Milestone® Mastercard® remains a solid option for individuals who want a credit card tailored to their unique credit situation and are willing to pay an annual fee to access its credit-building benefits.