Hello there, buddies! Let’s speak about the Milestone Credit Card today. “How can I increase my credit limit with this card?” you may be wondering. So, I did some investigating for you! The Milestone Credit Card currently does not allow cardholders to increase their credit limit. It is an unsecured card with a $700 credit limit meant for persons with bad credit.
What You Need to Know About Milestone Credit Card?
Annual and Monthly Fees
- 1st Year: In your first year, you will pay an annual fee of $175, but no monthly fees.
- 2st Year Onwards: The annual fee drops to $49, but a monthly fee of $12.50 kicks in.
Payment and Credit Reporting:
- Milestone is known for timely credit bureau reporting.
- Payments generally clear within 48 hours and will be reflected in your credit limit.
Milestone vs. Other Cards
- Milestone Credit Card: $700 limit with 25% fees in the first year, 28.4% in the second year.
- Other Cards: Vary in credit limits and fees.
The Big Question: Can You Increase Your Limit?
Unfortunately, cardholders cannot presently increase their credit limit with the Milestone Credit Card. It is created exclusively for persons with bad credit and has a set $700 credit limit.
| Milestone Credit Card Customer Service Inquire about changes to credit limit policy | |
|---|---|
| Phone Number | (800) 305-0330 |
| Available Hours | 6:00 AM to 6:00 PM, Pacific Time |
| Days | Seven days a week |
Additional Card Information
- Annual fees are determined on your credit score.
- Fraud protection is built into the card.
- Late Payment Penalties: Up to $41.
- Cash Advance Option: Available with fees and a high APR.
Conclusion
So, while the Milestone Credit Card is ideal for credit rebuilding and comes with a variety of features, extending the credit limit is not a possibility. It’s usually a good idea to evaluate different cards and pick the one that best suits your demands!