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First Progress Platinum Prestige Mastercard® Secured Credit Card
First Progress Platinum Prestige Mastercard® Secured Credit Card Review
The First Progress Platinum Prestige Mastercard can help those who do not have sufficient credit to get a standard credit card. Though the card does require you to put in a security deposit (acting as the "limit" on the card), the payments you make toward it are reported to the credit bureau.
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 Prestige Mastercard® Secured Credit Card
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Apply Now
on First Progress's secure site
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First Progress Platinum Prestige Mastercard® Secured Credit Card
SIGN-UP BONUS
No bonus
REWARDS RATE
1% Cash Back
Improve Your Credit Score
Free Credit Bureau Reporting
Get A Fresh Start
A discharged bankruptcy in your credit file will not cause you to be declined
Regular Purchase APR
14.24% (V)
Annual Fee
$49
Card Brand
Mastercard®
Recommended Credit Score
Limited / PoorHighlights
- Earn 1% Cash Back Rewards with First Progress Prestige!
- Apply now and fund your security deposit over 90 days with the option to make partial payments.
- You Can’t Rebuild credit with a Debit Card. Try First Progress Today! ¹
- Build your credit history across 3 major credit reporting agencies: Equifax, Experian and TransUnion.¹
- All credit types welcome to apply!
- 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
The First Progress Platinum Prestige Mastercard Secured Credit Card is designed to give people with poor or limited credit a chance to boost their scores while they shop.
The ongoing APR for this card is 14.24% (V) APR, but that's actually pretty low for a secured card. You will also have to pay a $49 annual fee to keep the card in your name. Any payments you make toward the card will be reported to all three major credit bureaus which will help build your credit score over time. If you want to boost your credit score to potentially get an unsecured card in the future, this could be a great option for you.
The Good
- The main benefit of this credit card is that it gives you a chance to build your credit just by spending your own money. Rather than paying cash for the things you need, you can pay with your card and then pay back the balance.
The Not So Good
- You have to pay an annual fee of $49 for this card, on top of putting down a security deposit to act as your available balance.
The Bottom Line
The First Progress Platinum Prestige Mastercard can help those who do not have sufficient credit to get a standard credit card. Though the card does require you to put in a security deposit (acting as the "limit" on the card), the payments you make toward it are reported to the credit bureau.
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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