![]() Petal® 1 “No Annual Fee” Visa® Credit Card Milestone Mastercard® – $700 Credit Limit vs. The only downside is that it requires a security deposit if approved. Unlike the Milestone Mastercard® – $700 Credit Limit, the Discover it® Secured Credit Card offers a user-friendly, habit-forming way to build credit. The Discover it® Secured Credit Card makes much more sense for those trying to rebuild credit than the Milestone Mastercard® – $700 Credit Limit as it helps facilitate a relationship with an issuer that can lead to unsecured cards and vastly improved credit lines. It also comes with the standard array of Discover perks, like access to a FICO score and Discover Cashback match, which matches cash-back rewards in the first year at the end of the first year of being a cardholder. Plus, earn unlimited 1% cash back on all other purchases-and all with a $0 annual fee. The Discover it® Secured Credit Card is a quality secured card, as it provides cash-back rewards to the tune of 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. ![]() Our list of best cards for bad credit is a logical place to start. This card offers no rewards and comes with hefty fees and high interest rates without being upfront and clear about how the card works. Of the three possible annual fees of the Milestone Mastercard® – $700 Credit Limit, the highest one (for those with the worst credit) is over 25% of the $300 credit line.Ĭards like the Milestone Mastercard® – $700 Credit Limit prey upon people who have less-than-stellar credit and lack the awareness of better card options. The ongoing annual fee ranges from See terms*-immediately raising your credit utilization ratio and making it difficult to achieve good credit. There are multiple versions of this card and unless you go through a pre-qualification process you won’t know which you’re approved for until after you’ve applied. Worst of all, you have to hunt for this information, which is hidden in the fine print and easily overlooked.Īmong the card’s many frustrating qualities is the variability in annual fees. The Milestone Mastercard® – $700 Credit Limit offers the worst of all worlds: high rates, high fees and no benefits, all packaged and delivered to customers with limited other options. This card presents a prime example as to why credit card issuers get such a bad rap among those without great credit.
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