Milestone Mastercard Cardholder Agreement

The Milestone Mastercard Cardholder Agreement 335 filing from Bank of Missouri, the sets out a 35.9% purchase APR and no annual fee. Against the 4,587 filings on this site, that rate lands around the 91st percentile.

What the agreement puts on the record

This page covers the agreement Bank of Missouri, the filed for Milestone Mastercard Cardholder Agreement 335. It is issued on the Mastercard network and the filing runs 13 pages.

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

The purchase APR against the corpus

At 35.9%, the purchase APR falls at roughly the 91st percentile of the 2,280 filings indexed here, which is costlier than the large majority of filings here.

The arithmetic of revolving

The purchase rate turns a $1,200 revolving balance into roughly $518 of annual interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $295. The gap — roughly $223 a year on $1,200 — is the price of this particular filing over a typical one.

Broken down to a single thirty-day cycle, the same balance accrues roughly $35.92.

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

Charges beyond interest

No annual fee appears in the filing, in line with the roughly 75% of disclosing agreements in this index that charge nothing to hold the card.

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater. $100 is the crossover point where the percentage overtakes the $5 minimum.

Default pricing

The maximum late fee is $41 — roughly the 89th percentile of the late fee ceilings disclosed across this index.

The grace period

25 days is the disclosed grace period for purchases — the interval in which paying in full costs nothing. That matches the 25-day median across the corpus almost exactly.

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

How it sits in the issuer's own range

Bank of Missouri, the has 120 agreements indexed on this site. The issuer's own range is 24.9%–36%. At 35.9%, this agreement is dearer than 19 of its siblings.

21 of the issuer's other 79 disclosing filings are likewise fee-free.

What you cannot learn from the filing

Absent from the captured terms: balance transfer terms, a foreign transaction fee and penalty pricing. The original document is the place to look for any of these.

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.

Reading the agreement yourself

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

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. The absence of an annual fee means the rate is the only thing that can make this card expensive.