Milestone Mastercard Cardholder Agreement

Milestone Mastercard Cardholder Agreement 368, as filed by Bank of Missouri, the, carries a 35.9% purchase APR and a $125 annual fee. The purchase rate sits at roughly the 91st percentile of the 4,587 agreements indexed here.

What the document actually states

Milestone Mastercard Cardholder Agreement 368 is one of the agreements Bank of Missouri, the has on file with the CFPB. The filing runs 14 pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, an annual fee line, a late payment maximum 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

At 35.9%, the purchase APR falls at roughly the 91st percentile of the 2,280 filings indexed here, which lands high in the distribution.

Translating the rate into money

Put $3,000 on the card and never reduce it, and twelve months of interest at the disclosed purchase rate comes to approximately $1,295.

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.

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

These figures are arithmetic on the disclosed rate, not a quote: they assume the balance is never reduced, ignore any payments, and take no account of fees charged separately.

The fee structure

The annual fee is $125, charged whether or not the card is used. Against the filings here that disclose a fee, that sits at roughly the 95th percentile.

Expressed in the card's own terms, the $125 fee equals about a year's interest on a $348 balance at the disclosed 35.9% purchase rate.

The grace period

The filing gives 25 days' grace on purchases, meaning a statement balance paid in full within that window attracts no interest.

A minimum interest charge of $1 applies in any cycle where interest is due, which makes very small revolving balances disproportionately expensive.

When a payment is late

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

How it sits in the issuer's own range

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.

Its $125 annual fee is higher than 50 of the 79 sibling filings that state one.

The limits of this document

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

What this analysis can address is bounded by the filing: rates, fees and the terms around them. Everything a card issuer might advertise — rewards, benefits, bonuses, who qualifies — falls outside the document and outside this review.

Go to the source

The original filing, 14 pages long, is linked on this page and should be read before any figure here is acted on. It is also a snapshot: issuers refile as terms change.

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. Against that sits the $125 annual fee, which is unavoidable once the account is open.