Hello, pals! Let’s discuss the Milestone Credit Card. If you are thinking, “Can I raise my credit limit?” Here’s the scoop: Right now, the Milestone Credit Card does not allow you to extend your limit. It’s an unsecured card with a $700 limit intended for folks who are restoring their credit.
Key Facts You Should Know About the Milestone Credit Card
The Milestone Mastercard is meant for people with less than perfect credit, with a low initial credit limit. However, it’s worth noting that this card does not allow you to extend your credit limit. If you have a Milestone card, your credit limit is set based on your initial approval, and there is presently no formal way to request an increase.
Milestone Mastercard Credit Limits:
| Card Feature | Details |
|---|---|
| Initial Credit Limit | $300–$700 |
| Credit Limit Increases | Not available |
| APR | 24.90% |
| Annual Fee | $75–$99, based on your terms |
| Ideal For | Credit building for those with poor credit |
Why You Can’t Increase Your Credit Limit
- First year: $175 annual cost with no monthly expenses.
- 2nd Year Onwards: From the second year onwards, the annual charge is $49, with a monthly fee of $12.50.
- Payments and reporting: Payments settle within 48 hours and are quickly reported to credit bureaus.
Milestone Credit Card vs. Other Cards
Milestone Card:
- No credit limit increases.
- High fees: $175 first year, $49 annual + $12.50 monthly thereafter.
- Best for rebuilding credit with low entry requirements.
Secured Cards (e.g., Capital One Secured):
- Requires a security deposit.
- Credit limit increases available after timely payments.
- Typically lower fees and better growth opportunities.
Other Unsecured Cards (e.g., Credit One):
- Some offer cash back rewards.
- Can increase credit limit after good payment history.
- Fees vary, often lower than Milestone.
Milestone Credit Card Customer Services Number
| Service | Contact Number |
|---|---|
| Milestone Credit Card Customer Service | (866) 453-2636 |
| Milestone Credit Card Billing Support | (800) 305-0330 |
Can You Really Increase Your Credit Limit?
Unfortunately, Milestone Credit Card customers are unable to extend their credit limit, which is set at $300 to $700. This card is specifically meant for persons with bad credit, and the limit is set.
Customer Service for Credit Limit Inquiries
- Phone Number: (800) 305-0330
- Hours: 6:00 AM to 6:00 PM Pacific Time, 7 days a week
FAQs
Q1. Can I increase my Milestone Credit Card limit?
Ans: The Milestone Credit Card does not offer credit limit increases.
Q2. What is the initial credit limit for the Milestone Credit Card?
Ans: The initial credit limit varies from $300 to $700, depending on approval.
Q3. Does the Milestone Credit Card need an annual fee?
Ans: Yes, the annual charge ranges from $75 to $99, depending on your terms.
Q5. Does Milestone report to credit bureaus?
Ans: Yes, Milestone sends monthly reports to each of the three major credit bureaus.
Q6. What is the APR on the Milestone Credit Card?
Ans: The APR for the Milestone Credit Card is 24.90%.