Credit Cards
First Progress Platinum Prestige Mastercard® Secured Credit Card review
Check out our First Progress Platinum Prestige Mastercard® Secured Credit Card review and learn how to build and establish a healthier credit score.
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Earn 1% back with every card payment and establish a healthier score!
If you’re looking for a simple and safe way to get your score back on track, this First Progress Platinum Prestige Mastercard® Secured Credit Card review will give you a solid solution!
First Progress Platinum Prestige application
Learn how to apply and take advantage of the many benefits of the First Progress Platinum Prestige Mastercard® Secured Credit Card!
Boosting up your score can be challeging. However, with the right tools, you’ll be able to reach excellence in no time. See some of the main features of the First Progress Platinum Prestige next.
| Credit Score | Poor/Limited/No Credit. |
| Annual Fee | $49. |
| Purchase APR | 15.24% variable. |
| Cash Advance APR | 24.24% variable. |
| Welcome Bonus | None, currently. |
| Rewards | Get 1% back on all of your credit card payments. |
First Progress Platinum Prestige Mastercard® Secured Credit Card overview
First Progress is well known for providing financial products for people struggling with their finances. This card could very well be your second chance at good credit.
It’s a secured card, which means you need to put down a deposit. The deposit will work as your credit limit, and can be anywhere between $200 and $2,000.
By making on-time payments for at least 6 months, you can apply for a second card. You can also get your deposit back after paying your balance in full.
The First Progress Platinum Prestige Mastercard® Secured Credit Card offers competitive APRs and charges a modest $49 annual fee.
Finally, you can get 1% cash back on all of your credit card payments. And with credit bureau reporting, you’ll be able to build up your score with responsible use.
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First Progress Platinum Prestige Mastercard® Secured Credit Card main features
As with any financial products, the card offers great perks, but has its drawbacks. Learn what they are next in our First Progress Platinum Prestige Mastercard® Secured Credit Card review:
Pros
- 1% Cash Back Rewards on payments.
- Choose your own credit line – $200 to $2000 based on your security deposit.
- Build your credit score. Reports to all 3 credit bureaus.
- No minimum credit score required for approval!
- 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
- Low rewards rate.
- When you close your account to refund your security deposit, it might hit your credit score.
- Doesn’t offer a credit card upgrade to an unsecured option.
Minimum credit score to apply
There are no minimum score requirements. You can apply and get the First Progress Platinum Prestige even if you’re new to credit!
How to apply for the First Progress Platinum Prestige Mastercard® Secured Credit Card?
Applying for the First Progress Platinum Prestige Mastercard® Secured Credit Card is simple! You can do it online in a matter of minutes.
Check the following link and see our easy step-by-step guide!
First Progress Platinum Prestige application
Learn how to apply and take advantage of the many benefits of the First Progress Platinum Prestige Mastercard® Secured Credit Card!
About the author / Julia Bermudez
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