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First Progress Platinum Select Mastercard® Secured credit card full review: should you get it?
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:
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by José Gonçalo
First Progress Platinum Select Mastercard® Secured credit card: your financial life starts (or restarts) right here, with a really low APR
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 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 Score | No minimum score required |
Annual Fee | $39 |
Regular APR | 18.49% (variable for purchases); and 24.49% (variable for cash advances) |
Welcome bonus | None |
Rewards | 1% 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.
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First Progress Platinum Select Mastercard® Secured credit card features
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?
- A really low APR;
- Up to $2,000 credit limit;
- Reports your payments to the 3 main credit agencies in the country;
- It doesn’t look at your score or your credit history.
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 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!
José Gonçalo
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