Milestone Card reviews have been a point of discussion for those looking to build their credit with a credit card. This card is available to people with average credit, but is it really the best fit? A lot of people opt for this card because it does not need a security deposit and it reports to credit bureaus.
Some users have complained about high fees and terrible customer support which led to the Milestone card reviews complaints. This guide examines the features, benefits, and drawbacks alongside real user criticism which compliments the positive reviews. It will help you decide if the MyMilestoneCard is best suited for you.
Milestone Card Reviews: What Users Are Saying?
Milestone Card reviews are mixed. While some users appreciate its accessibility, others have expressed frustration over fees and customer service issues.
Positive Reviews:
- Easy Approval – Many users report that they were approved despite having low credit scores.
- Credit Score Improvement – Some users saw their scores increase after making on-time payments.
- No Deposit Needed – People who couldn’t afford a secured card found this a helpful alternative.
- Reliable Fraud Protection – Users appreciate the card’s security features against fraudulent transactions.
- Simple Online Management – Many cardholders find it easy to monitor and pay their bills online.
Negative Reviews:
- High Fees – Some users complain about the annual fees, which can be expensive for a starter card.
- Customer Service Issues – There are reports of unhelpful support and long wait times.
- Low Credit Limits – Many users expected a higher limit but were only given a few hundred dollars.
- Unexpected Charges – Some users report hidden fees, such as additional charges for duplicate statements.
- Difficult to Upgrade – Users say that the card doesn’t offer credit limit increases or an easy way to transition to a better card.
Overall, Milestone Card reviews highlight both benefits and drawbacks, so it’s important to consider your financial needs before applying.
Milestone Card Reviews Complaints: Common Issues
Many customers have expressed dissatisfaction with the Milestone Credit Card, claiming there are multiple ongoing issues. Are you looking for Milestone card reviews complaints? If you are planning to apply for this card, it is advisable to keep these issues in mind.
1. Annual Fee
- Users claim that as the card is intended for building credit, the annual fee of $75 to $99 is too high.
- These fees are taken from the user’s available balance which further decreases the credit limit.
- A few customers were frustrated after the card activation due to them not knowing these fees were charged.
2. Customer Service
- A number of reviews pointed out that customer support representatives are often unavailable and their responses are not consistent, leading to longer than needed wait times.
- Resolving issues related to billing errors and fraudulent charges is very cumbersome.
- A few users encountered problems with their account management due to delayed billing statements.
3. Credit Limits
- Most people expect the starting limit to be higher than $300 but unfortunately, this is lower than most other credit-building cards.
- Since the annual fee is deducted right away, users are less likely to be in a good position.
- Unlike other competitors, Milestone does not help facilitate credit limit increases which is counterproductive when users are responsible with their spending.
4. Other Fees
- Late payment charge fees can quickly escalate, so it is in the best interest of users to make payments by the deadline.
- Users mention that foreign transaction fees become annoying for frequent travelers and international shoppers because they accumulate over time.
- Even though some customers did not ask for expedited payments, they were surprised to see fees for them on their bills.
5. Fewer Benefits and Perks
- The Milestone Credit Card stands out due to its lack of rewards such as cashback, travel perks or veteran rewards, which is offered by most competitors.
- There are no introductory offers for APR, meaning higher cost for carrying a balance over a period of time.
- There are no options to improve the card and stay with the same issuer, leaving customers with no choice but to go to other lenders.
- Most cardholders use Milestone Card until their credit score improves, making it easy for them to milestone card better options elsewhere.
Knowing these broad points may help you decide if the Milestone Credit Card is the right fit for your needs. Many users look at Milestone card reviews complaints to get a better understanding of the card’s pros and cons before applying.
How the Milestone Credit Card Compares to Other Cards?
When exploring different credit card options, checking Milestone Card reviews can help determine if it’s the right fit for your financial goals. Here’s how the Milestone Credit Card compares to other popular choices.
| Feature | Milestone Credit Card | Capital One Platinum | Discover it Secured | OpenSky Secured |
|---|---|---|---|---|
| Security Deposit | No | No | Yes ($200+) | Yes ($200+) |
| Annual Fee | $75-$99 | $0 | $0 | $35 |
| Rewards | None | None | 2% Cashback | None |
| Credit Reporting | Yes | Yes | Yes | Yes |
| Starting Credit Limit | $300 | $300+ | $200+ | $200+ |
| APR | High | Moderate | Moderate | Moderate |
| Credit Limit Increases | No | Yes | Yes | Yes |
Overall, while the Milestone Credit Card is accessible for those with lower credit scores, other cards may offer better rewards, lower fees, or higher credit limits.
Is the Milestone Credit Card Right for You?
Analyzing whether you would like the Milestone Credit Card is dependent upon your financial situation and credit-related objectives. Want to know what others think? Milestone Card reviews highlight both pros and cons, particularly for those in need of establishing or repairing their credit history.
Who Should Consider the Milestone Credit Card?
- People with Credit Issues – If you’re facing challenges qualifying for other credit cards, this may be a plausible option.
- People Who Want to Avoid Secured Cards – Since no deposit is required, it’s easier for those who cannot afford a security deposit.
- Individuals Trying to Build a Credit Score – Having it report to major credit bureaus means responsible usage can help improve the credit score.
Who Should Look for Alternatives?
- People Who Want Rewards – The Milestone Card is one of the few credit-building cards which does not offer any rewards.
- Users Trying to Access Higher Credit Limits – Users may find the limit of $300 (minus applicable fees) too restrictive.
- Anyone Who Wants Good Customer Service – Poor customer support is a challenge for many users, so if this is important to you, consider alternatives.
Take some time to evaluate whether the Milestone Credit Card is right for you or if another credit card may serve your needs better. Knowing its perks and shortcomings will allow you to choose wisely.
Tips for Using the Milestone Credit Card Wisely
Your Milestone Credit Card can be maximized by observing some smart financial habits. Here are tips to make the most of your card while avoiding common oversights.
- Always Pay on Time
- Late payments result in hefty fees in addition to hurting your credit score.
- To avoid missing any payment deadlines, try using autopay or reminders.
- Timely payments surrendered monthly contribute towards your positive credit history.
- Keep Your Credit Utilization Low
- Always aim to use less than 30% of your available credit to maintain a healthy score.
- Be careful not to charge too much given the low credit limit.
- Monthly payments towards the balance in full can result in avoiding interest altogether.
- Monitor Your Account Regularly
- You should keep on checking your account online or through the MyMilestoneCard app due to any fees or charges.
- Any suspicious charges should be reported immediately.
- Reviewing statements often can help mitigate any unauthorized charges or billing mistakes.
- Avoid Carrying a Balance
- Needlessly accumulating a balance means high APRs will result in interest accumulating rapidly.
- When carrying a balance, do your best to keep the balance as low as possible so that interest costs are minimized.
- A couple times a month, consider paying your bill to get your balance under control.
- Plan for a New Credit Card
- Try to improve your credit so that you can qualify for a new credit card and use the Milestone Card as a stepping stone.
- After improving your credit, look for cards that have lower fees and better rewards and perks to take advantage of.
- A better option may be available in which closing the card may have no better alternative and you will not have to pay annoying fees and charges.
Following these rules allows you to reap all the benefits of the Milestone Credit Card without risks or costs.
Conclusion
Milestone Card reviews highlight both advantages and drawbacks. While it is a useful tool for rebuilding credit, its high fees and low credit limits may not make it the best long-term option. Many Milestone card reviews complaints focus on customer service and fees, so it’s essential to weigh the pros and cons before applying.
If you have other options with lower fees and better benefits, you might want to consider those instead. However, for those who need an immediate credit solution without a security deposit, the Milestone Credit Card remains a viable choice for short-term credit-building purposes.
