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First Progress Platinum Select Mastercard® Secured Credit Card
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Regular Purchase APR
13.99%
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Intro Purchase APR
N/A
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Intro BT APR
N/A
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Typical Credit Needed
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Annual Fee
$39
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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 Select 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
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
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Concierge Service
No
Expert Reviews
From the LendingTree.com Editorial Team
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 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 and penalty fees for late and returned payments.
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 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.
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 0 Reviews
+-2 users submitted a rating without a full review
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By: John | Aug 1, 2017
First Progress did everything I needed to establish credit. I am very pleased with the company and what they do to get you a credit rating when you have none as I did. I recommend First Progress to establish a credit score.
By: Alisha | Mar 27, 2016
I would really love this card for anyone. Who is building their credit and have no credit like myself. So do if you can.
Related Card Offers
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Cash Back Rewards
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases - automatically
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Credit Limit
Credit line will equal your security deposit of $200 or more*
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Rates and Fees
No annual fee, no late fee on your first late payment. No penalty APR*
-
Typical Credit Needed
-
Annual Fee
$0
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Card Brand
Discover
Highlights
- No Annual Fee, earn cash back, and build your credit with responsible use.
- Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.
- Establish your credit line with your tax return by providing a refundable security deposit of at least $200 after being approved. Bank information must be provided when submitting your deposit.
- Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
- Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
- Discover is accepted nationwide by 99% of the places that take credit cards.
- Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
- INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
- Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
- See Rates & Fees
See additional details for Discover it® Secured Credit Card
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Reports to Credit Bureaus
Build Credit When Used Responsibly
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Minimum Deposit
$49, $99, or $200
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Regular Purchase APR
26.99% (Variable)
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Typical Credit Needed
-
Annual Fee
$0
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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
- We will monitor your account, and as you use it responsibly by doing things like making on-time payments, you may be able to earn back your deposit as a statement credit
- 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)
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Build Credit
Build credit quickly. OpenSky reports to all 3 major credit bureaus.
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Credit Line
$200 - $3,000 Credit Line*
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Typical Credit Needed
-
Annual Fee
$35
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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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