If you’re exploring “What Company Owns Milestone Credit Cards?”, the answer lies with The Bank of Missouri, the official issuer, and Concora Credit, the servicing partner. Understanding who owns Milestone Credit Cards helps you make informed financial decisions, especially if you’re rebuilding credit.
This guide breaks down the roles of these key players—The Bank of Missouri (FDIC-insured issuer) and Concora Credit (formerly Genesis Financial Solutions)—and how they support your credit journey.
Whether you’re managing your account through MyMilestoneCard login, focused on credit-building, subprime credit cards, or unsecured credit options, knowing the companies behind your card ensures transparency and confidence in managing your finances.
Who Owns Milestone Credit Cards?
Understanding the company behind your credit card can help you make informed financial decisions. In this section, we’ll break down exactly who owns Milestone Credit Cards, how the card is issued, and the role of the companies involved.
The Bank of Missouri – The Official Issuer
At the core of the Milestone Credit Card is The Bank of Missouri, the financial institution that officially issues the card.
Here’s what you should know about The Bank of Missouri:
- It was established in 1891, with over a century of financial service experience.
- The bank is FDIC-insured, making it a legitimate and regulated financial institution.
- It partners with companies that specialize in credit cards for bad credit, helping consumers with limited credit options.
The Bank of Missouri isn’t just a name on the back of the card. As the Milestone Credit Card issuer, it’s responsible for managing credit limits, setting interest rates, and reporting to credit bureaus. This makes it a central player in your credit-building journey.
So, if you’re wondering “What Company Owns Milestone Credit Cards?”, the answer starts with The Bank of Missouri.
Concora Credit – The Servicing Partner
While The Bank of Missouri issues the card, the day-to-day servicing is handled by Concora Credit — the company that manages your account, processes payments, and handles customer service.
Key facts about Concora Credit:
| Feature | Description |
|---|---|
| Former Name | Genesis Financial Solutions |
| Current Name | Concora Credit (rebranded in 2022) |
| Focus Area | Subprime credit products for people with low or no credit |
| Role | Manages Milestone account services, statements, and payments |
Concora Credit specializes in subprime credit cards and has years of experience helping people rebuild or establish their credit. It acts as the bridge between the consumer and The Bank of Missouri.
In short, Concora Credit services the Milestone Credit Card so you can manage your account easily—even with a challenging credit history.
Clearing Up Confusion: Genesis vs. Concora
Some online sources may still mention Genesis Financial Solutions when discussing the Milestone Card. This is because Concora Credit was previously known as Genesis. The rebranding happened in 2022, and although the name has changed, the core services remain the same.
Here’s how it all fits together:
- The Bank of Missouri – Issues the card and reports to credit bureaus.
- Concora Credit (formerly Genesis Financial Solutions) – Handles your card servicing, billing, and support.
This partnership is designed to support individuals rebuilding their credit, offering a simple and accessible credit option.
Knowing the difference between the card issuer and the card servicer helps clear up confusion and sets expectations for cardholders.
By understanding who is behind the Milestone Credit Card—The Bank of Missouri and Concora Credit—you’re better equipped to manage your account and improve your financial health.
Background on The Bank of Missouri and Concora Credit
Understanding the companies behind a credit card is just as important as knowing the card’s features. In this section, we’ll explore the background of The Bank of Missouri and Concora Credit, two key players behind the Milestone Credit Card.
Knowing who issues and manages your credit card can help you make informed financial decisions.
The Bank of Missouri – A Trusted Credit Card Issuer
The Bank of Missouri credit card issuer is the official bank that provides the Milestone Credit Card. This bank isn’t just a name on the card — it’s a real, established financial institution.
Key facts about The Bank of Missouri:
- Founded in 1891 and based in Perryville, Missouri.
- Member of the FDIC (Federal Deposit Insurance Corporation), meaning your deposits are insured.
- Issues several subprime credit cards aimed at people with bad or limited credit.
- Known for partnering with companies that serve customers looking to rebuild credit.
Here’s a quick table showing The Bank of Missouri’s credit products:
| Card Name | Target Users | Card Type |
|---|---|---|
| Milestone Mastercard | Poor/No Credit History | Unsecured |
| Total Visa Card | Credit Rebuilding | Unsecured |
| First Access Visa Card | Low Credit Scores | Unsecured |
The Bank of Missouri has built a reputation for helping consumers who are typically underserved by major credit card companies. They offer tools that report to the credit bureaus, which helps users improve their credit over time.
Concora Credit – Formerly Genesis Financial Solutions
While The Bank of Missouri issues the card, Concora Credit is the company that manages and services the Milestone Mastercard.
Formerly known as Genesis Financial Solutions, this company rebranded to Concora Credit in 2022. The rebranding reflects its mission to help more Americans access credit.
Key details about Concora Credit:
- Specializes in subprime credit cards and financing solutions.
- Focuses on helping people with bad credit rebuild their credit history.
- Provides online account management, payment processing, and customer service.
- Works behind the scenes with The Bank of Missouri to support cardholders.
Here’s a comparison of Concora Credit before and after rebranding:
| Before (Genesis Financial Solutions) | After (Concora Credit) |
|---|---|
| Launched in 2001 | Rebranded in 2022 |
| Subprime Credit Focus | Continued support for bad credit |
| Milestone and Indigo Cards | Milestone, Indigo, and more |
Concora Credit rebranding wasn’t just a name change — it marked a step forward in how the company presents its services and supports customers who need help rebuilding credit.
How The Bank of Missouri and Concora Credit Work Together
Now that we’ve covered both companies, let’s look at how they work together to manage the Milestone Credit Card.
Here’s how the partnership works:
- The Bank of Missouri issues the card and is responsible for the financial side, like approving applications and setting credit limits.
- Concora Credit handles day-to-day services, including billing, customer support, and account management.
- Together, they provide a smooth experience for consumers looking for a second chance at building their credit.
Their collaboration ensures the cardholder receives both secure financial backing and helpful customer service. This partnership is essential for providing reliable credit-building solutions to those who need it most.
Clearing Up Confusion: Who Really Owns the Milestone Card?
Many people ask, “What Company Owns Milestone Credit Cards?” The answer is slightly layered.
- The Bank of Missouri is the issuer, meaning they provide the actual credit card and handle the financial responsibility.
- Concora Credit (formerly Genesis Financial Solutions) manages the services behind the scenes.
Some older sources may still refer to Genesis Financial Solutions as the card issuer, which can be confusing. However, as of today, the proper understanding is:
Milestone Credit Cards are issued by The Bank of Missouri and serviced by Concora Credit.
The Bank of Missouri and Concora Credit play vital roles in offering and managing Milestone Credit Cards. Together, they make it easier for consumers with poor credit to access helpful credit tools and rebuild their financial standing.
Understanding these companies gives you greater confidence in choosing the Milestone Mastercard as a step toward better credit.
Is the Milestone Credit Card Right for You?
Choosing the right credit card is essential when you’re trying to build or rebuild your credit. The Milestone Credit Card is marketed as a helpful tool for those with poor credit, but is it truly the best fit for your financial situation? This section will help you decide if it’s the right option for your needs.
Who Should Consider the Milestone Credit Card?
Not everyone has a perfect credit score, and that’s where the Milestone Credit Card becomes relevant. It offers a way for people with bad or limited credit histories to start building a better financial future.
You may want to consider the Milestone Credit Card if:
- You have a credit score below 600
- You don’t want to pay a deposit like you would with secured cards
- You want a card that reports to all three major credit bureaus
- You need a second chance option for rebuilding credit
This unsecured credit card is particularly useful for people who want to show responsible use over time and slowly improve their credit standing. If you’re building credit with Milestone, it’s important to understand both its benefits and limitations.
Tips for Responsible Use and Credit Building
Although the Milestone Credit Card can help with credit building, misusing it could lead to high interest payments and extra fees. To make it work in your favor, it’s important to practice smart credit habits.
| Tip | Why It Matters |
|---|---|
| Pay your full balance on time | Avoids high APR (up to 35.9%) and builds a positive history |
| Keep your balance below 30% | Improves your credit utilization rate |
| Use auto-pay | Prevents missed payments and late fees |
| Monitor your credit regularly | Helps track your progress and stay motivated |
By consistently applying these habits, you’ll be on your way to meaningful credit score improvement.
When the Milestone Card Might Not Be Ideal
Despite its benefits, the Milestone Credit Card might not be the best fit for everyone. If you have slightly better credit or can manage a small security deposit, other cards may offer more favorable terms.
You might want to explore other options if:
- You qualify for a no-annual-fee credit card
- You’re eligible for cards that offer cashback or rewards
- You can afford to put down a deposit for a secured card
Alternative Credit Cards for Rebuilding Credit
Here’s a quick comparison of alternative credit-building cards that may provide better value:
| Credit Card | Type | Annual Fee | Key Features |
|---|---|---|---|
| Capital One Platinum Secured | Secured | $0 | Low deposit, regular reporting, upgrade path |
| Discover it® Secured | Secured | $0 | Cashback rewards, free FICO score, no annual fee |
| OpenSky® Secured Visa | Secured | $35 | No credit check to apply, helps build payment history |
These alternatives may be a better choice depending on your goals and eligibility.
The Milestone Credit Card can be a useful tool for individuals with bad credit or limited credit history, especially those who are unable to qualify for traditional cards. It allows you to start fresh without the need for a deposit and offers opportunities to improve your credit score when used responsibly.
To sum up:
- It’s an unsecured credit card designed for credit rebuilding
- It’s issued by The Bank of Missouri and serviced by Concora Credit
- It reports to all three major credit bureaus but carries higher-than-average fees
If you’re researching What Company Owns Milestone Credit Cards?, now you know the answer—and more importantly, you understand whether it’s the right financial tool for your needs.
Conclusion
Now that you know “What Company Owns Milestone Credit Cards?”, you can confidently navigate your credit-building journey with clarity. The Milestone Credit Card is issued by The Bank of Missouri (FDIC-insured) and serviced by Concora Credit (formerly Genesis Financial Solutions), offering a legitimate option for those with poor or limited credit.
While this card helps with credit bureau reporting and subprime credit needs, always weigh its fees and APR against alternatives like secured credit cards if you qualify.
By leveraging this knowledge, you can use the Milestone Mastercard strategically to rebuild credit—or explore better options if your financial situation improves. Remember, responsible usage is key to long-term credit health.
