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First Progress Platinum Elite Mastercard® Secured credit card full review: should you get it?
Here is an excellent tool for anyone looking to build or rebuild their credit. Discover the First Progress Platinum Elite Mastercard® Secured credit card and its main advantages.
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by José Gonçalo
First Progress Platinum Elite Mastercard® Secured credit card: excellent limit and an annual fee below the market average
A little boat sailing in the calm waters of the sea. In fact, this image represents the peace of mind of owning a First Progress Platinum Elite Mastercard® Secured credit card.
First Progress Platinum Elite Mastercard® Secured card: check out how to apply!
Learn how to apply for the First Progress Platinum Elite Mastercard® Secured card, a great tool for building credit up to $2,000.
With this card, you build credit without generating new debt. Learn more about this credit product in this article:
Credit Score | Any score |
Annual Fee | $29 |
APR | 24.74% (V) for Purchases; 29.74% (V) for Cash Advances |
Welcome bonus | None |
Rewards | None |
First Progress Platinum Elite Mastercard® Secured credit card: learn more about this financial product
At some point in life, everyone has needed to build credit. If that’s your goal, using the First Progress Platinum Elite can be a great option. In fact, this is a secured card.
This means that you will be limited to the amount of money you deposit in advance. This model accepts deposits from $200 up to $2,000. That way, you will have a good limit when building your credit.
In addition, this card issues reports to the three largest credit bureaus in the country. That way, your score will grow with each payment made on time.
When applying for this card, you will not go through inquiries or credit history.
So, if you still don’t have a good score, it won’t be a problem. Even a bankruptcy settled on your record would not get you rejected. To activate your card, simply make a minimum deposit of $200.
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First Progress Platinum Elite Mastercard® Secured card features
Before applying for this card, check the lists below. In these, you will learn about the main advantages and disadvantages of this credit product:
What are the benefits?
- Build your credit with reports issued to the 3 main credit bureaus;
- Accepts deposits of up to $2,000;
- A bad credit score will not be a reason not to pass the application process for that card.
And what are the drawbacks?
- This card offers a relatively high APR;
- If you apply for cash advance, you will have to pay high fees of $10 or 3% per withdrawal (whichever is greater);
- Pay an annual fee of $29 and 3% on foreign transfers;
- Via telephone, you can request agility in your payments. However, you must pay a $10 fee for each expedited payment.
What score do you need to get the First Progress Platinum Elite Mastercard® Secured credit card?
During the application process, there will be no consultation of your score. So even with a bad credit score, you can still have this card.
How does the First Progress Platinum Elite Mastercard® Secured credit card application process work?
You can apply for this card without leaving your home! To do so, check out our post below and read the full review on how to apply for this card!
First Progress Platinum Elite Mastercard® Secured card: check out how to apply!
Learn how to apply for the First Progress Platinum Elite Mastercard® Secured card, a great tool for building credit up to $2,000.
José Gonçalo
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