Reviews

First Progress Platinum Select Mastercard® Secured credit card full review

To build or rebuild your credit, you need the right tools. Discover the First Progress Platinum Select Mastercard® Secured credit card and all it can do for you:

Advertisement

Your financial life starts (or restarts) right here, with a really low APR

First Progress Platinum Select Mastercard® Secured Credit Card
Learn all about the First Progress Platinum Select Mastercard® Secured credit card. Source: First Progress

Indeed, building or rebuilding credit can become a daunting task. However, if you’re on the go, count on the First Progress Platinum Select Mastercard® Secured credit card for help.

Understand how this credit card can help you build your credit. Read this full review!

First Progress

First Progress Platinum Select Mastercard® Secured card: check out how to apply!

Apply for a First Progress Platinum Select Mastercard® Secured card and have the chance to build your credit. Learn how to apply!

Credit ScoreNo minimum score required
Annual Fee$39
Regular APR19.24% (variable for purchases); and 25.24% (variable for cash advances)
Welcome bonusNone
Rewards1% cashback (terms apply)

First Progress Platinum Select Mastercard® Secured credit card: learn more about this financial product

In effect, imagine that building credit is like climbing a mountain. No climber who wants to do this safely chooses his tools at random; on the contrary. The most suitable tool is chosen for that specific challenge.

Well, if your challenge is to build or rebuild credit, here is an extremely suitable tool. In fact, the First Progress Platinum Select Mastercard® has all the basic services you need.

First is the essential issue of a report to the main credit bureaus. However, that is not all.

This card offers a very low APR rate. That way, if you can’t make a payment in any given month, you won’t fall into a debt abyss.

This is a secured card. For this reason, an initial deposit of at least $200 is required to start using this card. When your mission is accomplished, you will be able to recover your security deposit in full.

First Progress Platinum Select Mastercard® Secured credit card features

person holding credit card in front of notebook/laptop
Learn more about this First Progress card! Source: Pixabay

Learn more about this card designed to help you improve your credit. Take a look at the main advantages and disadvantages of this product:

What are the benefits? 

  • 1% Cash Back Rewards on payments.
  • Choose your own credit line – $200 to $2000 – based on your security deposit.
  • Build your credit score.¹ Reports to all 3 credit bureaus.
  • No minimum credit score required for approval!
  • Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.

And what are the drawbacks?

  • To use it, you need to pay an annual fee of $39 from the first year;
  • 3% fee for foreign transfers;
  • You are required to make a minimum initial deposit of $200;
  • There is no clear way to obtain an unsecured card.

What credit score do you need to get the First Progress Platinum Select Mastercard® Secured credit card?

There is no minimum credit score and no inquiry into your credit history. So your score won’t be a problem.

How does the First Progress Platinum Select Mastercard® Secured card application process work?

Want to know how to start your journey to a better credit score? Check out our post below to learn how!

First Progress

First Progress Platinum Select Mastercard® Secured card: check out how to apply!

Apply for a First Progress Platinum Select Mastercard® Secured card and have the chance to build your credit. Learn how to apply!

Trending Topics

content

CreditFresh Review: Easy Access to Funds

Read our CreditFresh review to discover easy online applications, and transparent billing, simplifying your borrowing experience.

Keep Reading
content

The debt snowball method: get your finances back on track

The debt snowball method can get you out of debt extremely quickly. Understand how the method I used to pay off my debts works.

Keep Reading
content

Getting started with investing: 6 best tips for beginners

Start investing in the stock market the right way: read on and get some very important tips for beginners in the investment world.

Keep Reading

You may also like

content

Chase Freedom® Student card: check out how to apply!

Apply for the Chase Freedom® Student card and get a card designed for students: no annual fee and a cashback with rewards on all purchases.

Keep Reading
content

The unemployment rate in the US: current numbers and trends

The unemployment rate in the US reached historic pre-pandemic levels this month. However, this is not always good news. Understand here.

Keep Reading
content

Tarjeta Bank of America® Premium Rewards®

Con la Tarjeta de crédito Bank of America® Premium Rewards® consigue 60,000 puntos y accede a beneficios exclusivos ¡Conócela!

Keep Reading