Milestone Mastercard Cardholder Agreement

The Milestone Mastercard Cardholder Agreement 300 filing from Bank of Missouri, the sets out a 24.9% purchase APR and a $35 annual fee. That purchase rate ranks near the 60th percentile across this corpus of 4,587 filings.

What the document actually states

Bank of Missouri, the submitted the terms for Milestone Mastercard Cardholder Agreement 300 to the CFPB's agreement database; this is what they contain. The filing runs 12 pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum, a foreign transaction fee and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

The purchase APR against the corpus

At 24.9%, the purchase APR falls at roughly the 60th percentile of the 2,280 filings indexed here, which lands near the median.

The cost of carrying a balance

At the disclosed purchase APR, $1,200 revolving for a full year costs something like $339 in interest.

On a median-priced agreement from this index (21.99%) the same $1,200 would run about $295 a year, so this card costs in the region of $44 more annually for the identical balance.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

Default pricing

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

What the card costs before you borrow

$35 a year is the disclosed annual fee, which ranks near the 82nd percentile of the fees filed across this corpus.

One way to size that fee: at the card's own purchase rate of 24.9%, $35 is roughly the interest a balance of about $141 would generate in a year. The fee is a fixed cost that behaves like perpetual interest on that much debt.

Cash advances carry a cash advance fee of $5 or 5% of the advance, whichever is greater. The two halves of that fee cross at about $100: below it the flat $5 applies, above it the percentage does.

Foreign transactions attract 1%. On $3,000 of overseas spending that is $30, charged on top of whatever exchange rate applies.

Grace period and minimum charge

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

Where interest applies at all, the filing bills at least $1. On a tiny balance that floor can dwarf the rate itself.

How it sits in the issuer's own range

There are 120 filings from Bank of Missouri, the in this index. Their disclosed purchase rates run from 24.9% to 36%, and this one at 24.9% is more expensive than 0 of them.

What is outside the disclosure

This page cannot tell you balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

It is worth being explicit about scope: these filings record terms and pricing. They say nothing about rewards programmes, cardholder benefits, promotional offers or who the issuer will approve, and this review does not speculate about any of it.

Go to the source

This summary stands or falls on the linked PDF — 12 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

The pricing here is middling by the standards of the index — 24.9% on purchases is near enough to typical. Note that the $35 annual fee falls due whether the card is used or not.