Milestone Mastercard Cardholder Agreement

Milestone Mastercard Cardholder Agreement 353, 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.

What this filing discloses

Bank of Missouri, the submitted the terms for Milestone Mastercard Cardholder Agreement 353 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 filing is explicit about a purchase rate, a late payment maximum and a grace period. It is silent on a cash advance rate, a balance transfer rate and a penalty rate.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

Where the purchase APR sits

At 35.9%, the purchase APR falls at roughly the 91st percentile of the 2,280 filings indexed here, which is well above what most issuers disclosed.

The cost of carrying a balance

Put $1,500 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $647.

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.

Per statement cycle that is on the order of $44.90 on $1,500, which is the number that actually shows up on a bill.

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.

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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

Default pricing

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

The issuer's other agreements

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.

What the filing does not tell you

This page cannot tell you anything about cash advances, balance transfer terms, an annual fee and a foreign transaction fee, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

The filed PDF is linked from this page and runs 12 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

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. All of this rests on figures read from the filing with less than full confidence, which is reason enough to check the document before relying on any of it.