What Bank is Milestone Credit Card With?
Dena Standley | February 12, 2024
Legal Expert, Paralegal
Dena Standley, BA
Dena Standley is a seasoned paralegal with more than 20 years of experience in legal research and writing, having received a certification as a Legal Assistant/Paralegal from Southern Technical College.
Edited by Hannah Locklear
Editor at SoloSuit
Hannah Locklear, BA
Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.
Summary: Milestone credit card is with the Bank of Missouri, which has been operating for over a century. The bank has stability and is a legitimate financial institution serving a wide variety of consumers.
Having a good credit score takes work, effort, and sometimes luck. Even those who are financially responsible and maintain good spending habits can run into trouble by life’s unexpected circumstances. A lost job, an illness, or a host of other events can create temporary financial hardships that impact a credit score and can be hard to rebuild.
The Milestone credit card is an unsecured credit card marketed to consumers with poor to fair credit. Those with poor credit should carefully consider the associated fees and interest rates when deciding if the Milestone credit card should be used to start rebuilding their credit.
Do you owe credit card debt? Settle it.
What Bank is Milestone Credit Card With?
The Milestone credit card is offered by the Bank of Missouri and serviced by Concora Credit Inc. It was founded in 1891 and has its headquarters in Perryville, Missouri. It is an FDIC-issued bank, meaning they have insurance on customer deposits held in the bank or other financial outlets.
Bank of Missouri also issues other credit cards, including the First Access Visa card and Total Visa card. It also offers other financial services, including checking and savings accounts, auto loans, business loans, mortgages, and money market accounts. The Bank of Missouri contact information is as follows:
- Address: PO Box 309, Perryville, MO 63775-0309
- Phone: (888) 547-6541
- Website: The Bank of Missouri | Personal & Business Deposits & Loans
The Bank of Missouri created the Milestone Credit Card to help consumers with poor credit rebuild it without making a security deposit. It offers a moderate credit limit but allows you to work your way up. This article will discuss the Milestone credit card as a component of the Bank of Missouri.
How does The Bank of Missouri Milestone credit card work?
The Milestone credit card is an unsecured credit-building card most suitable for consumers with poor to fair credit scores. It's also a viable option for people with challenges getting a new line of credit. The following table represents various Milestone Credit Card features that will help you understand how the card and its services work.
| Feature | Charges | Notes |
|---|---|---|
| Annual fee | $49–$125 | Costly compared to some no-fee secured cards but still a competitive rate for unsecured credit-building cards |
| Starting credit limit | $375–$700 | It is hard to keep its use low, impacting credit scores, but it is the standard for unsecured credit-building cards. |
| APR | 35.9% (non-variable) | Very high compared to average rates, but the non-variable rate locks the percentage as it is |
| Monthly fee | $0 the first year, then $10.40 | Relatively high but at competitive rates for a recovering credit score |