Milestone Mastercard Cardholder Agreement

On the record for Milestone Mastercard Cardholder Agreement 337: a 35.9% purchase APR and a $175 annual fee, filed by Bank of Missouri, the. The purchase rate sits at roughly the 91st percentile of the 4,587 agreements indexed here.

On the face of the filing

This page covers the agreement Bank of Missouri, the filed for Milestone Mastercard Cardholder Agreement 337. The filing runs 13 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.

Pricing the purchase rate

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it is well above what most issuers disclosed.

Translating the rate into money

A $1,500 balance left untouched for twelve months accrues about $647 in interest at this purchase rate.

A card priced at the corpus median of 21.99% would charge roughly $369 on that balance. This one charges about $279 more per year.

Month to month it reads as about $44.90 per cycle on that balance.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

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

The fee structure

The annual fee is $175, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 96th percentile.

Taking cash against the card means 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.

The filing sets a 1% foreign transaction fee, which adds roughly $30 to $3,000 spent outside the United States.

The downside terms

On the fee side, a late payment can cost up to $41, which is around the 89th percentile here.

The no-interest path

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing.

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

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms and penalty pricing. The original document is the place to look for any of these.

An agreement filing is not a marketing document. Rewards, perks, welcome offers and eligibility rules are not in it, are not in this dataset, and are therefore not discussed anywhere on this page.

The issuer's other agreements

This is one of 120 Bank of Missouri, the agreements collected here. The issuer's own range is 24.9%–36%. At 35.9%, this agreement is dearer than 19 of its siblings.

Reading the agreement yourself

This summary stands or falls on the linked PDF — 13 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

This is an expensive agreement by the standards of the corpus, driven by a 35.9% purchase rate that is inert for a transactor and punishing for a revolver. Note that the $175 annual fee falls due whether the card is used or not.