Milestone Mastercard Cardholder Agreement

On the record for Milestone Mastercard Cardholder Agreement 346: a 35.9% purchase APR, filed by Bank of Missouri, the. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

What this filing discloses

Bank of Missouri, the submitted the terms for Milestone Mastercard Cardholder Agreement 346 to the CFPB's agreement database; this is what they contain. It is issued on the Mastercard network and the filing runs 13 pages.

Terms captured from the document include a purchase rate, 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 rate in context

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it sits in the expensive end of the corpus.

The arithmetic of revolving

Carry $3,000 on this card for a year without paying it down and the purchase rate alone generates roughly $1,295 in interest.

On a median-priced agreement from this index (21.99%) the same $3,000 would run about $738 a year, so this card costs in the region of $557 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $89.79.

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.

Paying in full

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.

Default pricing

$41 is the disclosed ceiling on a late payment fee, placing it near the 89th percentile of the set.

What the card costs before you borrow

Cash advances carry a cash advance fee of $5 or 5% of the advance, whichever is greater. $100 is the crossover point where the percentage overtakes the $5 minimum.

Foreign transactions attract 1%. On $1,500 of overseas spending that is $15, charged on top of whatever exchange rate applies.

How it sits in the issuer's own range

Bank of Missouri, the has 120 agreements indexed on this site. Across that lineup purchase rates span 24.9% to 36%; this filing's 35.9% sits above 19 of the comparable ones.

What you cannot learn from the filing

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

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Go to the source

Everything here is a reading of the filed agreement, 13 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

In short

The defining fact about this filing is the purchase rate: at 35.9% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance.