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First Progress Platinum Select Mastercard® Secured Credit Card
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.
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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First Progress Platinum Select Mastercard® Secured Credit Card
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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
Initial credit line of $200 - $2,000 with the ability to increase up to $5,000 over time
Regular Purchase APR
18.24% (V)
Annual Fee
$39
Card Brand
Mastercard®
Recommended Credit Score
Limited / PoorHighlights
- Get a First Progress Select Card and Earn 1% Cash Back Rewards!
- Secure your credit line with your refundable security deposit – choose from $200- $2,000 - with the ability to increase up to $5,000 over time!
- Choose the First Progress Select Card for a lower annual fee!
- All credit types welcome to apply!
- Build your credit history across 3 major credit reporting agencies: Equifax, Experian and TransUnion.¹
- ¹Cardholders 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
Expert Review
Editor's Overall Rating
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.
From the LendingTree editorial team, updated on Mar 12, 2025
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.
Some great perks to this card include 1% Cash Back, automatic credit reporting, and 24/7 online account access. 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.
The Good
- Card holders will enjoy a 25 day grace period before having to pay interest on purchases.
The Not So Good
- This card is somewhat limited in scope, but if your goal is to boost your credit we think it can be valuable.
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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Rewards Rate
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Credit Line
Put down a refundable $200 security deposit to get a $200 initial credit line.
Regular Purchase APR
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Credit Line
Upon approval, you’ll have an initial credit line based on your $200 -$3,000 deposit - It’s up to you!
Fraud Liability
$0 fraud liability for unauthorized charges.
Worldwide Acceptance
Use it anywhere Mastercard is accepted.
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Reports to Credit Bureaus
Build Credit When Used Responsibly
Minimum Deposit
$49, $99, or $200
Regular Purchase APR
29.74% (Variable)
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