Milestone Mastercard Cardholder Agreement

On the record for Milestone Mastercard Cardholder Agreement 351: a 29.9% purchase APR, filed by Bank of Missouri, the. The purchase rate sits at roughly the 72nd percentile of the 4,587 agreements indexed here.

On the face of the filing

Bank of Missouri, the filed this agreement for Milestone Mastercard Cardholder Agreement 351 with the Consumer Financial Protection Bureau. The filing runs 14 pages, and It is issued on the Mastercard network.

On the record here: a purchase rate, a late payment maximum, a foreign transaction fee and a grace period. A cash advance rate, a balance transfer rate and a penalty rate are not stated.

Where the purchase APR sits

Measured against every other filing on the site, 29.9% is about the 72nd percentile for purchase APR; it comes in above the median.

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.

A card priced at the corpus median of 21.99% would charge roughly $1,229 on that balance. This one charges about $512 more per year.

Small balances do not get a proportionally small bill — the agreement imposes a $1 minimum interest charge in any month where interest applies.

Treat this as an illustration of what the disclosed rate does, not as a projection of a real account, which would be shaped by payments and by the fees described elsewhere in the filing.

Charges beyond interest

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.

The filing sets a 1% foreign transaction fee, which adds roughly $15 to $1,500 spent outside the United States.

Penalty pricing and late fees

Late payments are capped at $41 under this filing, about the 89th percentile of late fee maximums in the corpus.

Paying in full

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.

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

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.

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.

Inside Bank of Missouri, the's filed lineup

There are 120 filings from Bank of Missouri, the in this index. Their disclosed purchase rates run from 24.9% to 36%, and this one at 29.9% is more expensive than 8 of them.

Where the authority sits

The filed PDF is linked from this page and runs 14 pages. It is the authority for every figure summarised above; where this page and the document disagree, the document is right.

In short

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