Expert Review

Editor's Overall Rating

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From the LendingTree editorial team, updated on Apr 08, 2024

The First Progress Platinum Elite Mastercard® Secured Credit Card is designed to help those with little to no credit begin to build their credit score. It acts similar to a prepaid card except that you place a deposit on the card that acts as your credit line and there’s automatic reporting to the major credit bureaus so your good account management habits will be noticed.

Some perks that come with this card include an average annual fee of $29 and the ability to have a credit line as high as $2,000. There are fees associated with this card like late payment and returned payment fees. Payments made on the account will not increase your available credit immediately, often taking up to ten business days.

Out of all the First Progress secured cards offered, this one has the highest APR rate, but has the lowest annual fee.

Editorial Note: This content is not provided by First Progress. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by First Progress.