Reviews on the Milestone credit card overall state that it is not a good card to go with due to fees, hidden debt repayment and high interest rate. Milestone does approve people who have poor or fair credit, but consumers looking for a credit card to start rebuilding their credit may find better options. As of 2015, the annual fees for the card range between $35 and $99, notes CardRates.com.Continue Reading
The annual fee reported by most people who have been approved for the card is around $75, according to reviews on CreditKarma.com. The company seems to even offer secured cards to people who have higher credit ratings and already have unsecured credit cards.
Consumers have reported that the card company asks for a set amount of money before it sends out the card and once consumers pay it, it goes toward a debt that could be past the statute of limitations. This is not illegal, but it is not something that the card company makes known easily. Consumers considering this card should make sure they are aware of what type of card they are getting and reason for any payments made to the card in advance of receiving it.
The interest rate on the card runs around 23 percent as of 2015, which is high for most consumers, especially those looking to rebuild credit and make their payments in full, or at least more than the minimum each month.Learn more about Credit & Lending