Paying your Milestone card works the same way as most credit cards: online, by phone, by mail, or in person at a MoneyLion branch

Milestone is a credit card issued by Milestone Financial Services, designed for people building or rebuilding credit. You can make a payment through your online account, by calling customer service, by mailing a check, or by visiting a MoneyLion location if one is near you. The card reports to all three credit bureaus, so on-time payments help your credit score.

Your payment due date appears on your monthly statement. Paying at least the minimum by that date keeps your account in good standing and avoids late fees. Paying the full balance each month means you won't pay interest on purchases.

Key Takeaways

  • You can pay online through your MoneyLion account, by phone at the customer service number on your statement, by mailing a check, or at a MoneyLion branch location.
  • Your minimum payment and due date appear on your monthly statement; paying by the due date avoids late fees and keeps your account current.
  • Paying the full statement balance each month means no interest charges, while paying only the minimum means interest accrues on the remaining balance.
  • Online and phone payments usually post within one business day, while mailed checks take five to seven business days to reach the payment processor.

Paying online through your MoneyLion account

Log into your MoneyLion account on the website or mobile app. Navigate to your Milestone card and select "Make a Payment." Enter the amount you want to pay and choose your payment date. You can schedule a one-time payment or set up automatic payments for the same day each month.

Online payments typically post within one business day. If you're close to your due date, pay at least two business days early to be safe. MoneyLion does not charge a fee for online payments.

Paying by phone

Call the customer service number on the back of your Milestone card or on your statement. A representative will verify your identity and process your payment over the phone. You'll need your card number and the amount you want to pay. Phone payments also post within one business day.

Customer service is available during business hours. If you call outside those hours, you may reach an automated system that can take payments without speaking to a representative.

Paying by mail

Write a check or money order payable to Milestone Financial Services. Include your account number on the check. Mail it to the address listed on your statement under "Payment Address" — this is different from your billing address and ensures your payment reaches the right department quickly.

Mailed payments take five to seven business days to arrive and post. Mail your payment at least ten days before your due date to avoid a late payment. Keep a record of when you mailed it in case there's a delay.

Paying at a MoneyLion branch

If you live near a MoneyLion branch location, you can walk in and make a payment in person. Bring your Milestone card or account number and the cash or check you want to pay. In-person payments post the same day or the next business day.

Branch locations are limited and mainly in major cities. Check the MoneyLion website to see if there's a branch near you before making a trip.

Setting up automatic payments

Automatic payments deduct money from your bank account on a date you choose each month. You can set them up through your MoneyLion account to pay the minimum, the full balance, or a fixed amount. Automatic payments remove the risk of forgetting a due date and help you build a consistent payment history.

You can change or cancel automatic payments anytime through your account. If your bank account doesn't have enough money on the scheduled date, the payment may fail and you could face a late fee, so make sure your account has a buffer.

Understanding late fees and interest

If your payment arrives after the due date, Milestone charges a late fee. The amount depends on your card terms, but late fees typically range from $25 to $35 for the first late payment. A payment more than 30 days late can also trigger a higher interest rate on your balance.

Interest accrues daily on any balance you carry from month to month. The interest rate (APR) is set when you open the card and appears on your statement. Paying the full balance each month avoids interest entirely.

Frequently Asked Questions

What happens if I miss a payment?

A missed payment triggers a late fee and is reported to the credit bureaus, which can lower your credit score. If you miss a payment, pay as soon as you can. After 30 days late, your interest rate may increase and your account may be suspended.

Can I make a partial payment?

Yes. You can pay any amount between the minimum and the full balance. Any amount you don't pay will accrue interest at your card's APR. Paying more than the minimum reduces the interest you owe and pays down your balance faster.

Is there a fee for paying online?

No. MoneyLion does not charge a fee for online or phone payments. Paying by mail or in person is also free. Some third-party payment services may charge a fee, but paying directly through MoneyLion or by phone is always free.

How long does it take for a payment to post?

Online and phone payments post within one business day. In-person payments at a branch post the same day or next business day. Mailed checks take five to seven business days. Your due date is based on when the payment posts, not when you send it.

Can I set up automatic payments to pay different amounts each month?

No. Automatic payments are set to a fixed amount or to the minimum or full balance each month. If you want to pay a different amount, you'll need to make a manual payment that month through your account or by phone.