Milestone^® Mastercard^® With Cashback Rewards – $1,000 Credit Limit

The Milestone^® Mastercard^® with Cashback Rewards offers a guaranteed $1,000 credit limit if approved, requires no security deposit, and offers 5% cash back on your first $5,000 in gas purchases, according to the offer terms. The card is currently recommended for fair credit and may be worth considering if you want an unsecured credit card with a higher starting limit and rewards on gas purchases. However, the card also has a $250 annual fee the first year and $99 thereafter, so the costs should be considered carefully before applying.

If your main interest is earning cash back on gas, you can also see our 5% Gas Credit Card Guide for additional options.

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What Is the Milestone Cashback Rewards Mastercard?

The Milestone Cashback Rewards Mastercard is an unsecured credit card for consumers with less-than-perfect credit. Unlike a secured credit card, it does not require you to provide a cash security deposit. If you are approved, the offer provides a $1,000 credit limit.

The card's most distinctive feature is its gas rewards. You can earn 5% cash back on your first $5,000 in gas purchases, subject to the applicable rewards terms. This makes the card particularly relevant to people who spend a significant amount on fuel.

Does the Milestone Cashback Rewards Card Require a Security Deposit?

No. The Milestone Cashback Rewards Mastercard is an unsecured credit card, so you do not have to put down a refundable security deposit to establish the $1,000 credit line.

That is different from a secured credit card, where the cardholder normally provides a deposit that establishes or supports the credit limit. With Milestone, the credit line is provided by the issuer if your application is approved.

What Is the Credit Limit?

The Milestone Cashback Rewards Mastercard offers a guaranteed $1,000 credit limit if approved. This means the offer specifies a $1,000 limit for approved applicants rather than leaving the starting limit at a lower variable amount.

The $1,000 limit is the credit line, not $1,000 of cash that is deposited into your bank account. Your available credit can also be reduced by applicable fees charged to the account.

How Much Cash Back Does Milestone Offer on Gas?

The Milestone Cashback Rewards Mastercard offers 5% cash back on the first $5,000 in gas purchases, according to the offer terms. If you spend $5,000 on qualifying gas purchases, that would represent up to $250 in cash back before considering the card's annual fee and any other applicable costs.

Because the reward is limited to the first $5,000 in gas purchases, spending above that amount does not continue earning the same 5% rate under this offer. Review the current rewards terms before applying so you understand which purchases qualify.

What Is the Annual Fee?

The annual fee is $250 for the first year and $99 thereafter. This is an important cost to consider when evaluating the card's gas rewards.

For example, earning the maximum $250 in cash back from $5,000 in qualifying gas purchases during the rewards period would not by itself make the card cost-free, because the first-year annual fee is also $250. Your actual value will depend on your qualifying purchases and the other terms of the account.

What Credit Score Is Recommended for Milestone?

The Milestone Cashback Rewards Mastercard is currently listed for fair credit. Credit-score ranges are only one part of a credit-card application, however, and approval is not guaranteed simply because your score falls within a particular range.

If your credit is closer to fair than poor, this card may be one of the unsecured rewards cards worth investigating. If your credit is significantly weaker, you may want to compare it with cards specifically marketed to consumers with poor or bad credit.

Can I Check for Milestone Without Affecting My Credit Score?

The offer states that there is no impact to your credit score if you are not approved. The exact inquiry and application process should be reviewed on the application page before you submit your information.

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➤ See if you pre-qualify for the Milestone Cashback Rewards Mastercard

Checking an offer and submitting a full credit-card application are not necessarily the same thing. Read the current disclosures carefully so you understand when a credit inquiry may occur.

Is the Milestone Cashback Rewards Mastercard Worth Considering?

The Milestone Cashback Rewards Mastercard has several features that may appeal to someone with fair or less-than-perfect credit: a $1,000 credit limit if approved, no security deposit, and 5% cash back on the first $5,000 in gas purchases. The main consideration is the cost, particularly the $250 first-year annual fee.

If you spend heavily on gas and want an unsecured card rather than a secured card requiring a deposit, those features may make the offer worth examining. Before applying, compare the rewards with the annual fee and review the complete current terms.

Milestone Cashback Rewards Mastercard Rates and Fees

Regular APR: 35.90%
Annual Fee: $250 the first year; $99 thereafter
Credit Limit: $1,000 if approved

Rates & Fees

Milestone Cashback Rewards Mastercard Summary

The Milestone Cashback Rewards Mastercard is an unsecured $1,000-limit credit card for approved applicants that offers 5% cash back on the first $5,000 in gas purchases and requires no security deposit. It is currently positioned for fair credit, while its $250 first-year annual fee is a significant cost to consider.

If you are looking for an unsecured card with gas rewards and your credit is around the fair-credit range, you can review the offer and its current terms before deciding whether to apply.

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➤ See if you pre-qualify for the Milestone Cashback Rewards Mastercard