Credit Cards
First Progress Platinum Elite Mastercard® Secured Credit Card review
The First Progress Platinum Elite Mastercard® Secured Credit Card can help you achieve better credit in no time! See our full review to learn how.
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You can qualify with any type of credit!
Need to build your credit score? Then look at the First Progress Platinum Elite Mastercard® Secured Credit Card review.
Apply First Progress Platinum Elite Secured
Apply for the First Progress Platinum Elite Mastercard® Secured Credit Card today and start building credit fast! Keep reading and learn more!
It’s an excellent tool for those just starting their credit journey and anyone recovering from financial difficulties. So read on to learn all about this incredible card.
| Credit Score | Poor/Limited/No Credit. |
| Annual Fee | $29. |
| Purchase APR | 25.24% Variable. |
| Cash Advance APR | 30.24% Variable. |
| Welcome Bonus | None, currently. |
| Rewards | This is not a rewards credit card. |
First Progress Platinum Elite Mastercard® Secured Credit Card overview
If you’ve slipped on your card journey and got poor credit, First Progress Platinum Elite Mastercard® Secured Credit Card is an excellent choice.
This card can really help you build up your score for healthier finances. That is because it reports all account activity to credit bureaus.
The card offers no rewards program or welcome bonus. However, if you use it well, you’ll be considered for an unsecured credit card.
The security deposits start at $200 but can be as high as $2,000 – which work as your credit limit. Once you pay your balance, you can get your deposit back.
With competitive rates and no risk of overspending, this is an excellent option for those hoping to boost their credit and take control of their financial future.
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First Progress Platinum Elite Mastercard® Secured Credit Card main features
Just like every other credit card, the First Progress Platinum Elite Mastercard® Secured Credit Card has ups and downs.
See the advantages and drawbacks below:
Pros
- Choose your own credit line – $200 to $2000 – based on your security deposit.
- Build your credit score.¹ Reports to all 3 credit bureaus.
- No minimum credit score required for approval!
- ¹ Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
- Pay 6-months-on-time and apply to get a second credit card!
- Secured Cards are a great way to start establishing credit for people with low/no credit scores¹.
- Get a fresh start! A discharged bankruptcy in your credit file will not cause you to be declined.
- Past credit issues shouldn’t prevent you from getting a credit card with great benefits & rewards!
- See your VantageScore®+. Easy, Free Access to Credit.
- Education in the First Progress Card Mobile App!
- Receive your card more quickly with the new expedited processing option.
- User-friendly Mobile App.
- Accepted throughout the U.S. and online.
- Accepted wherever Mastercard® is accepted.
Cons
- Like most secured credit cards, the First Progress Platinum Elite Mastercard® Secured Credit Card offers no rewards program, travel perks, or any other kind of fancy benefit;
- You’ll be charged a $29 fee yearly to use this credit card.
Minimum credit score to apply
There are no mininum score requirements for applying. You can request the card even if you’re new to credit.
All you have to do is make a security deposit as collateral for your credit line. Your credit limit will be equivalent to the amount you deposit.
How to apply for the First Progress Platinum Elite Mastercard® Secured Credit Card?
With no credit check or harsh eligibility criteria, applying for the First Progress Platinum Elite Mastercard® Secured Credit Card is simple and easy.
On the following link, you’ll find more information about the application process to get this credit card for yourself.
Apply First Progress Platinum Elite Secured
Apply for the First Progress Platinum Elite Mastercard® Secured Credit Card today and start building credit fast! Keep reading and learn more!
About the author / Julia Bermudez
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