Milestone Mastercard Cardholder Agreement

Bank of Missouri, the's filed agreement for Milestone Mastercard Cardholder Agreement 307 discloses a 29.9% purchase APR. Against the 4,587 filings on this site, that rate lands around the 72nd percentile.

What this filing discloses

What follows is drawn entirely from Bank of Missouri, the's CFPB filing for Milestone Mastercard Cardholder Agreement 307. It is issued on the Mastercard network and the filing runs 14 pages.

Terms captured from the document include a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. No figure appears for a cash advance rate, a balance transfer rate and a penalty rate.

Pricing the purchase rate

At 29.9%, the purchase APR falls at roughly the 72nd percentile of the 2,280 filings indexed here, which runs above the midpoint of the corpus.

What the rate means in dollars

A $5,000 balance left untouched for twelve months accrues about $1,742 in interest at this purchase rate.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $1,229. The gap — roughly $512 a year on $5,000 — is the price of this particular filing over a typical one.

Per statement cycle that is on the order of $124.35 on $5,000, which is the number that actually shows up on a bill.

That maths assumes a static balance and nothing else — no payments, no additional purchases, no fees folded in.

What the card costs before you borrow

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater. The two halves of that fee cross at about $100: below it the flat $5 applies, above it the percentage does.

Spending abroad costs an extra 1% — about $15 on $1,500 of purchases, independent of interest.

The grace period

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.

What a missed payment costs

On the fee side, a late payment can cost up to $40, which is around the 72nd percentile here.

How it sits in the issuer's own range

There are 120 filings from Bank of Missouri, the in this index. The issuer's own range is 24.9%–36%. At 29.9%, this agreement is dearer than 8 of its siblings.

What is outside the disclosure

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.

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

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

29.9% is an unexceptional purchase rate in this collection, and the rest of the terms follow the same pattern.