Milestone Mastercard Cardholder Agreement

Milestone Mastercard Cardholder Agreement 348, as filed by Bank of Missouri, the, carries a 35.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

On the face of the filing

Milestone Mastercard Cardholder Agreement 348 is one of the agreements Bank of Missouri, the has on file with the CFPB. It is issued on the Mastercard network and the filing runs 13 pages.

On the record here: 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 APR against the corpus

Ranked against the corpus, this purchase APR — 35.9% — sits at approximately the 91st percentile and is well above what most issuers disclosed.

Translating the rate into money

The purchase rate turns a $1,200 revolving balance into roughly $518 of annual 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 $223 more annually for the identical balance.

Month to month it reads as about $35.92 per cycle on that balance.

Note the $1 minimum interest charge, which overrides the arithmetic above whenever the calculated interest falls below it.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Charges beyond interest

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater.

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

What a missed payment costs

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The grace period

Purchases carry a 25-day grace period: pay the statement in full inside it and the purchase rate never applies. 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.

What you cannot learn from the filing

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

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.

Inside Bank of Missouri, the's filed lineup

120 separate Bank of Missouri, the filings appear in the corpus. Their disclosed purchase rates run from 24.9% to 36%, and this one at 35.9% is more expensive than 19 of them.

Where the authority sits

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

35.9% on purchases is the number that dominates this agreement. Paid in full each cycle it never applies; carried, it is among the dearer prices in this index.