First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card

Apply Now

on First Progress's secure site

First Progress Platinum Select Mastercard® Secured Credit Card

Apply Now

on First Progress's secure site

First Progress Platinum Select Mastercard® Secured Credit Card Review

The First Progress Platinum Select 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 additional perks and features.

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Rated 3/5.0 stars by our editorial team

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Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.

First Progress Platinum Select Mastercard® Secured Credit Card

  Apply Now
First Progress Platinum Select Mastercard<sup>®</sup> Secured Credit Card
Apply Now

on First Progress's secure site

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First Progress Platinum Select Mastercard® Secured Credit Card

SIGN-UP BONUS

N/A

REWARDS RATE

1% Cash Back

Improve Your Credit Score

Free Credit Bureau Reporting

Credit Line

$200 - $2,000 Credit Line

Regular Purchase APR

19.24% (V)

Annual Fee

$39

Card Brand

Mastercard®

Recommended Credit Score

Limited/Poor

Highlights

  • 1% Cash Back Rewards on payments
  • 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.

Additional Info

Foreign Transaction Fee

N/A

Balance Transfer Fee

N/A

$0 Fraud Liability

Yes

Auto Rental Insurance

Yes

Extended Warranty Program

Yes

Roadside Assistance

No

Purchase Protection

Yes

Travel Assistance

No

Flight Accident Insurance

No

Lost Luggage Reimbursement

No

Concierge Service

No

See your approval odds before you apply
There's no impact to your credit

Expert Review

Editor's Overall Rating

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Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.

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From the LendingTree editorial team, updated on Jan 10, 2024

This card is great for rebuilding credit because it works as a full-feature Mastercard with a credit line based on your security deposit, not your credit score. This card was created with consumers who are building credit in mind. Credit card records will be reported to the major credit bureaus each month. Your minimum credit line starts at $200 and you can go as high as $2,000.

Some great perks to this card include 1% Cash Back, automatic credit reporting, 24/7 online account access and no over limit fees apply. Some fees that come with this card include the annual fee of $39.

Applying is easy and applicants receive instant approval online, by phone or in person. Out of all the First Progress Platinum Secured cards offered, this one lies in the middle for the APR and annual fee.

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 foreign currency transaction fees.

The Bottom Line

The First Progress Platinum Select 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 additional perks and features.


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.

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