Milestone Mastercard Cardholder Agreement

Milestone Mastercard Cardholder Agreement 357, as filed by Bank of Missouri, the, carries a 35.9% purchase APR. The purchase rate sits at roughly the 91st percentile of the 4,587 agreements indexed here.

What this filing discloses

Bank of Missouri, the submitted the terms for Milestone Mastercard Cardholder Agreement 357 to the CFPB's agreement database; this is what they contain. It is issued on the Mastercard network and the filing runs 13 pages.

The filing is explicit about 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.

The purchase APR against the corpus

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it is costlier than the large majority of filings here.

What the rate means in dollars

At the disclosed purchase APR, $2,000 revolving for a full year costs something like $863 in interest.

The median purchase rate across the corpus is 21.99%; the same balance there would cost about $492. The gap — roughly $372 a year on $2,000 — is the price of this particular filing over a typical one.

Broken down to a single thirty-day cycle, the same balance accrues roughly $59.86.

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.

Where the fees are

Cash advances carry a cash advance fee of $5 or 5% of the advance, whichever is greater.

Spending abroad costs an extra 1% — about $30 on $3,000 of purchases, independent of interest.

What a missed payment costs

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

Grace period and minimum charge

Anyone clearing the statement balance inside 25 days pays no purchase interest at all under this filing.

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

The issuer's other agreements

Bank of Missouri, the has 120 agreements indexed on this site. Across that lineup purchase rates span 24.9% to 36%; this filing's 35.9% sits above 19 of the comparable ones.

What you cannot learn from the filing

This page cannot tell you balance transfer terms, an annual fee 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

Everything here is a reading of the filed agreement, 13 pages of it, which is linked above and which governs. Terms also change between filings, so the date on the document matters.

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.