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First Progress Platinum Select Mastercard® Secured Credit Card

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First Progress Platinum Select Mastercard® Secured Credit Card

 

Rated 3/5 stars by our editorial team

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Your Rating:

3.0/5.0 from 1 Offer Rating
Over the Past 60 Days!

(1) Over the Past 60 Days!

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on First Progress's secure site


  • Regular Purchase APR

    13.99%

  • Intro Purchase APR

    N/A

  • Intro BT APR

    N/A

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    $39

  • 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

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    3.0

  • Intro APR

    1.0

  • Fees

    3.0

  • Benefits

    3.0

  • Overall Rating

    3.0 /5

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.

Expert Reviews of the First Progress Platinum Select Mastercard® Secured Credit Card

  • Regular APR

    3.0

  • Intro APR

    1.0

  • Fees

    3.0

  • Benefits

    3.0

  • Overall Rating

    3.0 /5


Consumer Reviews 1 Reviews

Offer Rating

3.0 out of 5.0

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+-1 users submitted a rating without a full review

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By: | 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: | 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.


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