Interested in an in-depth analysis of the Milestone Gold 301 credit card? Here at Responsible Economy, we’ve thoroughly examined its attributes, covering aspects such as charges, potential cashback rewards, available discounts, interest rates, and all the essential insights you require regarding the Gold 301 credit card. Join us as we delve into the details and enhance your comprehension. Let’s get started!
Features
In this section we explain in detail each point of the Milestone Gold 301 credit card:
Fees
One of the most significant aspects of a credit card is the maintenance fees. The Milestone Gold 301 carries a fee of $75 for the first year and $99 from the second year onwards. It’s important to note that many banks and financial institutions in the United States offer credit cards with no annual fees.
Cashback
Another crucial point is the cashback on purchases. The Milestone Gold 301 credit card doesn’t offer any cashback on purchases. This is another unfavorable feature of this card.
Welcome bonus
Many banks and financial institutions offer a welcome bonus when you sign up for a credit card, but Milestone doesn’t provide such a bonus. This sets Milestone apart in this regard.
Rates
When you choose to settle your credit card balance at the end of each month, you can avoid incurring any fees. However, if you opt to delay the payment of your purchases, it’s important to note that the interest rate applied is 24.99% APR.
Summary table
We have created a summary table with all features:
| Aspect | Details |
|---|---|
| Fees | $75 first year and after $99 |
| Cashback | No |
| Rates | 24.99% APR |
Comparison with the best credit cards 2023
We have conducted a comparison of Milestone Gold 301 Credit card with the best credit cards you can apply for in the United States:
- Fees: $0
- Cashback: 1,5%-6,5%
- Bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 2%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $95
- Cashback: 1x-5x
- Welcome bonus: 60.000 points
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-10%
- Welcome bonus:$200
- Credit Score: 690-850
- Fees: $95
- Cashback: 2x-5x
- Welcome bonus:75.000 miles
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 4%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 5%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $0
- Credit Score: 690-850
Video best credit cards
We also show you an explanatory video with all the characteristics of each credit card:
Pros and cons
After a comprehensive review of the Milestone Gold 301 Credit card and a thorough comparison with some of the top credit cards available, we’ve assembled a table outlining the advantages and disadvantages for your consideration:
| Pros | Cons |
|---|---|
| Easy approval | $75 maintenance fee for the first year, and $99 from the second year onwards |
| 24.99% APR | |
| No cashback |
Requirements
These are the requirements that you must meet to contract this credit card:
- Minimum credit score needed: Less than 500.
- Applicants must be a minimum of 18 years old, have a valid social security number, a physical address, and a US IP address.
- Applicants who have previously held a Milestone Mastercard Account that resulted in delinquency and charge-off are ineligible.
- Applicants need to meet supplementary credit qualification standards, including an evaluation of income, debt, and identity verification prerequisites.
Opinions and conclusion
Following our conducted analysis, our assessment is that the Milestone Gold 301 Credit Card is not a credit card we recommend. The initial year comes with a $75 fee, which escalates to $99 from the second year onward. Deferring payments incurs a 24.99% APR interest rate, with no cashback rewards on purchases or welcome bonus offered. On a positive note, it does provide easy approval for applicants.
Frequent questions
If you still have any questions, here we answer all the questions:
More information about Milestone
Here is more information about Milestone:
| Information | Description |
|---|---|
| Website | https://www.milestonegoldcard.com/ |
| Phone | 1-800-305-0330 |
| Address | Genesis FS Card Services | PO Box 4477 Beaverton, OR | 97076-4477 |
| FAQ | https://www.milestonegoldcard.com/faq |
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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