How do the Milestone credit card's rewards work? This question is about the Milestone® Mastercard® - Less Than Perfect Credit Considered

How do the Milestone credit card's rewards work?

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This question is about the Milestone® Mastercard® - Less Than Perfect Credit Considered

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 03/25/22 This answer was first published on 04/02/21 and it was last updated on 03/25/22.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Milestone Credit Card does not have rewards. Its main purpose is to help people with bad credit rebuild their credit standing. For example, people with negatives like a bankruptcy on their credit report might find the Milestone Credit Card worth applying for. It doesn’t have a minimum deposit requirement either, so emergency financing is accessible, but you’ll have to keep its 24.9% APR in mind.

Alternative credit cards to the Milestone Credit Card that offer rewards

People with bad credit or no credit who are looking for rewards will have to consider other options. The Credit One Bank® Platinum Visa® for Rebuilding Credit is one possibility. It offers 1% cash back on gas and grocery purchases, as well as 1% back on mobile phone, internet, cable and satellite TV services.

Or, there’s the Bank of America® Customized Cash Rewards Secured Credit Card, which offers up to 3% cash back in a category of your choice, 2% back at grocery stores and wholesale clubs (up to $2,500 spent quarterly in the 3% and 2% categories combined), and 1% back on all other purchases. But it requires a refundable security deposit of at least $300 to open the account, unlike the Milestone Credit Card.

To get a fuller picture of your options, take a look at our editors’ latest picks for some of the best credit cards for bad credit.

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Why The Milestone Credit Card is Legit

Issued by The Bank of Missouri, an FDIC member that is accredited by the Better Business Bureau and has an "A+" BBB rating, and serviced by Genesis Financial Solutions.

Rated 3/5 stars by WalletHub editors.

3.5 / 5 average user rating on WalletHub.

Reports to all three of the major credit bureaus: Equifax, Experian, and TransUnion.

$0 fraud liability guarantee.

In addition, the Milestone Credit Card is legit because it’s on the Mastercard credit card network, meaning you can use the card anywhere Mastercard credit cards are accepted.

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