Milestone Mastercard is a credit card that is offered by Milestone Financial Services. With this card, you will be able to earn rewards for using your card responsibly and for meeting certain spending and account maintenance standards.
The card has no annual fee, as well as no balance transfer fee when you carry an authorized user on the account. You can check your balance online, and make payments in person or over the phone with ease.
The Milestone mastercard is a credit card from Milestone Bank. It has a different set of features when compared to other credit cards on the market. It is designed to fit the needs of small business owners and entrepreneurs who want to run their business from home.
This card offers services like online bill pay, direct deposit, and more. Let’s take a look at what this card has to offer as well as its downsides so that you can make a more informed decision when applying for this credit card.
What is the Milestone mastercard?
The Milestone Mastercard is a business credit card designed for small business owners who use their card to make purchases. The Milestone mastercard has no annual fee and comes with a host of benefits that include online bill pay, remote Deposit and payment, and more.
This mastercard is a specialist credit card that was created for small business owners. When you apply for this card, you’ll need to prove that you own a business or work for a company that has your employees as partners.
The Milestone mastercard works best for those who need a credit card that can be used solely for business expenses. If you use the card for everyday expenses, you’ll end up paying interest and spending more than you need to. Overall, this credit card is best for those who need a secure way to make purchases for their business.
How to apply for the Milestone mastercard
The first step to getting the Milestone Mastercard is to visit the Milestone Bank website and fill out a short application. The application is an online form that requires basic information like your name, date of birth, current address, and social security number.
In addition to this, you’ll need to provide an overview of your business and information about your current credit score. Once you’ve filled out your application, you’ll have to wait three days for Milestone Bank to review your application.
When Milestone Bank reviews your application, you’ll receive an email detailing the results of your application and any questions that Milestone Bank has regarding your application.
If you pass the application, Milestone Bank will then send you the card by mail. If you want to receive your card sooner, you can request an expedited delivery. A representative from Milestone Bank will contact you to confirm your request.
Milestone card benefits
There are a number of benefits that come with being a cardholder of the Milestone mastercard. Some of these include a $500 credit line, a free cardholder account, free shipping, free return shipping, and freebies and discounts on select products and services.
When you use your Milestone mastercard, you’ll be able to make purchases, pay bills, and receive cash back benefits from select merchants. In order to use your Milestone mastercard, you’ll need to link the card to your existing financial account.
This will give you access to your funds and let you make purchases using the card. You can link your Milestone mastercard to your bank account, PayPal, and other third-party accounts.
The card charges an annual fee of $0. The Milestone mastercard has no balance transfer fee, so you can transfer any existing debt onto the card without any added fees. You can also use your Milestone mastercard as a payment method at over 20,000 merchants.
The card comes with no fraud protection because it’s a credit card, so you’re responsible for protecting your account from fraudulent purchases.
Milestone card drawbacks
There are a few drawbacks that come with the Milestone mastercard. For starters, it has no rewards program and no sign-up bonus. As a result, the card’s value is only $500 once you add the annual fee. There’s also a risk of becoming reliant on a single form of payment.
If something happens to your financial institution or your card is lost or stolen, your entire financial situation could be at risk. If you end up struggling to pay off your Milestone mastercard balance, you could end up with serious financial problems.
This card is designed for small business owners who need to make purchases with a single form of payment. It’s not a good fit if you need to make purchases made with multiple forms of payment.
Final words: Is the Milestone Card worth it?
The Milestone card is a business credit card that’s best for those who need a single form of payment that’s secure and reliable.
It’s best for those who don’t want to use multiple forms of payment or those who need to make a high number of purchases each month.
There are a few drawbacks with the card, such as its annual fee and reliance on a single form of payment. If you’re confident in your financial situation and your ability to pay off your Milestone mastercard balance quickly, then this card might be worth it.
Keep in mind that this card is only available to those who apply online, so you may want to consider a different option if you prefer to apply by mail only.