Milestone Mastercard Cardholder Agreement

The Milestone Mastercard Cardholder Agreement 370 filing from Bank of Missouri, the sets out a 35.9% purchase APR and no annual fee. The purchase rate sits at roughly the 91st percentile of the 4,587 agreements indexed here.

The disclosed terms

Bank of Missouri, the filed this agreement for Milestone Mastercard Cardholder Agreement 370 with the Consumer Financial Protection Bureau. 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, 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

The purchase APR of 35.9% places this agreement around the 91st percentile of the set — it is well above what most issuers disclosed.

What a balance actually costs

The purchase rate turns a $5,000 revolving balance into roughly $2,158 of annual interest.

On a median-priced agreement from this index (21.99%) the same $5,000 would run about $1,229 a year, so this card costs in the region of $929 more annually for the identical balance.

Broken down to a single thirty-day cycle, the same balance accrues roughly $149.66.

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

There is no annual fee. That is the common case in this corpus — about 75% of the filings that disclose an annual fee at all disclose it as $0 — so it is a baseline expectation rather than a distinguishing feature.

For cash advances the filing discloses a cash advance fee of $5 or 5% of the advance, whichever is greater.

Foreign transactions attract 1%. On $2,000 of overseas spending that is $20, charged on top of whatever exchange rate applies.

Penalty pricing and late fees

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

Grace period and minimum charge

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.

The issuer's other agreements

120 separate Bank of Missouri, the filings appear in the corpus. Across that lineup purchase rates span 24.9% to 36%; this filing's 35.9% sits above 19 of the comparable ones.

On fees, 21 of the 79 sibling filings that disclose an annual fee also set it at zero — this one is among them.

The limits of this document

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.

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

The defining fact about this filing is the purchase rate: at 35.9% it is in the expensive band of this corpus, and that cost only materialises for someone who revolves a balance. With no annual fee, the cost of the account is entirely a function of whether a balance is carried.