The Good

The Milestone credit card was designed for people with less than perfect credit who are looking to build or rebuild their credit health.  As such,  your likelihood of approval is better than most credit cards out there.  In addition, it reports to the major credit bureuas so making on-time monthly payments will have a positve impact on your credit score.

The Bad

Credit cards for bad credit carry higher APRs, extra fees.and have low credit lines.  This card is no different.  It should be used sparingly and you should maintain a low balance.  DO NOT use this card to pay off a balance on another card!  Use this card responsibly and you will be rewarded for your efforts when your credit score climbs ands unlocks cards with better rates, lower fees and higher credit lines.

Criteria For Approval

Underwriting for credit cards varies from company to company and card to card so we can provide no guarantee of approval even if you meet these criteria….but gennerally:

  1. You should have a source of income
  2. If you have recieved credit in the past for a home loan, car loan or personal loan and made on-time payments, it could help.
  3. You need a credit score of no less than 520

The Verdict

The fees and APRs are in line with the rest of the cards in this category.  The Milestone Card has been around for many years and has solid track record of customer service.  Odds of approval are currently better than competition.  If used correctly as stepping stone towards credit health, the Milestone Card may just be for you.

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