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2.0/5.0 from 1 Offer Rating
Over the Past 60 Days!
First Progress Platinum Elite Mastercard® Secured Credit Card
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Regular Purchase APR
19.99% Variable
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Intro Purchase APR
No intro APR
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Intro BT APR
N/A
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Typical Credit Needed
-
Annual Fee
$29
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Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- Receive Your Card More Quickly with New Expedited Processing Option
- No Credit History or Minimum Credit Score Required for Approval
- Quick and Complete Online Application
- Full-Feature Platinum Mastercard® Secured Credit Card
- Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
- Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
- Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
- 24/7 Online Access to Your Account
- Nationwide Program though not yet available in NY, IA, AR, or WI * See Card Terms.
- Apply in just a few moments with no negative impact to your credit score; no credit inquiry will be recorded in your credit bureau file
- See additional First Progress Platinum Elite Mastercard® Secured Credit Card details
Card Fees
Foreign Transaction Fee
3%
Balance Transfer Fee
N/A
Cash Advance Fee
3% of each cash advance; $10 minimum
Additional Card Details
$0 Fraud Liability
No
Auto Rental Insurance
No
Extended Warranty Program
No
Roadside Assistance
No
Purchase Protection
No
Travel Assistance
No
Flight Accident Insurance
No
Lost Luggage Reimbursement
No
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Concierge Service
No
Expert Reviews
From the LendingTree.com Editorial Team
The First Progress Platinum Elite Mastercard® Secured Credit Cardis 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.
The Bottom Line
The First Progress Platinum Elite Mastercard® Secured Credit Card is an average secured card that can be used anywhere MasterCard is accepted and reports to the credit bureaus. It doesn’t offer much for rewards, or additional perks and features.
The Good
Card holders will enjoy a 25 day grace period before having to pay interest on purchases.
The Not So Good
If you spend frequently, it may take up to ten business days for a payment to post to your account, which is limiting in your available credit. This card also charges for foreign currency transaction fees.
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.
Consumer Reviews 1 Reviews
Offer Rating
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Related Card Offers
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Reports to Credit Bureaus
Build Credit When Used Responsibly
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Minimum Deposit
$49, $99, or $200
-
Regular Purchase APR
26.99% (Variable)
-
Typical Credit Needed
-
Annual Fee
$0
-
Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- No annual fee
- Unlike a prepaid card, there is regular reporting to the 3 major credit bureaus
- Accepted at millions of locations worldwide
- Make the minimum required security deposit and you'll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line
- Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit
- Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
- Easily manage your account 24/7 with online access, by phone or using our mobile app
See additional details for Secured Mastercard® from Capital One
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Purchase APR
17.39% (variable)
-
Build Credit
Build credit quickly. OpenSky reports to all 3 major credit bureaus.
-
Credit Line
$200 - $3,000 Credit Line*
-
Typical Credit Needed
-
Annual Fee
$35
-
Card Brand
Visa®
Highlights
- Click "APPLY NOW" to apply online
- No credit check necessary to apply. OpenSky believes in giving an opportunity to everyone.
- The refundable* deposit you provide becomes your credit line limit on your Visa card. Choose it yourself, from as low as $200.
- Build credit quickly. OpenSky reports to all 3 major credit bureaus.
- 99% of our customers who started without a credit score earned a credit score record with the credit bureaus in as little as 6 months.
- We have a Facebook community of people just like you; there is a forum for shared experiences, and insights from others on our Facebook Fan page. (Search “OpenSky Card” in Facebook.)
- *View our Cardholder Agreement located at the bottom of the application page for details of the card
See additional details for OpenSky® Secured Visa® Credit Card
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Improve Your Credit Score
Free Credit Bureau Reporting
-
Credit Line
$200 - $2,000 Credit Line*
-
Regular Purchase APR
9.99%
-
Typical Credit Needed
-
Annual Fee
$49
-
Card Brand
Mastercard®
Highlights
- Click "APPLY NOW" to apply online
- Receive Your Card More Quickly with New Expedited Processing Option
- No Credit History or Minimum Credit Score Required for Approval
- Quick and Complete Online Application
- Full-Feature Platinum Mastercard® Secured Credit Card
- Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
- Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
- Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
- Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
- 24/7 Online Access to Your Account
- Nationwide Program though not yet available in NY, IA, AR, or WI * See Card Terms.
- Apply in just a few moments with no negative impact to your credit score; no credit inquiry will be recorded in your credit bureau file
- See additional First Progress Platinum Prestige Mastercard® Secured Credit Card details
See additional details for First Progress Platinum Prestige Mastercard® Secured Credit Card
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