Milestone Mastercard Cardholder Agreement

The Milestone Mastercard Cardholder Agreement 331 filing from Bank of Missouri, the sets out a 24.9% purchase APR and a $75 annual fee. Against the 4,587 filings on this site, that rate lands around the 60th percentile.

On the face of the filing

The document behind this page is Bank of Missouri, the's filed agreement for Milestone Mastercard Cardholder Agreement 331. The filing runs 13 pages, and It is issued on the Mastercard network.

The disclosure covers a purchase rate, an annual fee line, 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

Ranked against the corpus, this purchase APR — 24.9% — sits at approximately the 60th percentile and sits close to the middle of the corpus.

The arithmetic of revolving

At the disclosed purchase APR, $3,000 revolving for a full year costs something like $848 in interest.

A card priced at the corpus median of 21.99% would charge roughly $738 on that balance. This one charges about $110 more per year.

There is also a floor: the filing sets a minimum interest charge of $1, so any cycle that accrues less than that is billed at $1 anyway.

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

Holding the card costs $75 a year before any transaction takes place — about the 90th percentile among agreements in this index that state a fee.

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater. Advances under roughly $100 are charged the flat $5; larger ones are charged 5%.

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

When a payment is late

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

The no-interest path

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.

Inside Bank of Missouri, the's filed lineup

120 separate Bank of Missouri, the filings appear in the corpus. The issuer's own range is 24.9%–36%. At 24.9%, this agreement is dearer than 0 of its siblings.

Among the issuer's other filings that disclose a fee, 36 of 79 come in below this card's $75.

What you cannot learn from the filing

This page cannot tell you balance transfer terms and penalty pricing, because the filing's disclosure table as read does not contain them.

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.

Where the authority sits

The filed PDF is linked from this page and runs 13 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

At 24.9% the purchase rate is close to ordinary for this corpus; nothing in the rate table sets this filing far apart from its peers. The $75 annual fee is charged regardless of use, so it is a cost that applies even to an account that never revolves.