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First Progress Platinum Prestige Mastercard® Secured Credit Card review

Need help building or rebuilding your credit? Count on the First Progress Platinum Prestige Mastercard® Secured credit card, a card that offers an APR far below the market average!

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Build your credit with an incredibly low APR

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

In fact, we don’t know if you haven’t built your credit yet or, unfortunately, you’ve seen it squander. So what we do know is that you can build it with First Progress Platinum Prestige Mastercard® Secured credit card.

Read this article to learn about the unique conditions that this card offers:

First Progress

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

Apply to your First Progress Platinum Prestige Mastercard® Secured card and get access to a perfect credit building tool!

Credit ScoreNo minimum score is required
Annual Fee$49
Regular APR15.24% for purchases (variable) and 24.24% APR for cash advances (variable)
Welcome bonusNone
Rewards1% cashback (terms apply)

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

In fact, this is a First Progress family card. Thus, the products in this line are designed to help those who need to build credit. Therefore, they do not require a minimum credit score or review your history during your application.

Among the cards in this group, this is the one with the lowest APR rate. In fact, it is one of the lowest APRs for secured credit cards. By the way, as this is a secured card, you need to make a deposit to start using it.

Therefore, you are required to deposit at least $200. However, this initial effort will be rewarded by the high introductory limit: up to $2,000.

Like all good credit cards, this product reports to the main credit agencies. Also, applicants with low scores or poor track records are most welcome. After all, this card exists to change people’s financial lives.

First Progress Platinum Prestige Mastercard® Secured credit card features

person holding credit card in front of notebook/laptop
Learn more about the card’s pros and cons. Source: Pixabay

In fact, you have already seen that this card has a differentiated APR. However, is he fit to be your newest card? To clear your doubts, know the strengths and weaknesses of this card:

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. 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.
  • Pay 6-months-on-time and apply to get a second credit card!
  • Secured Cards are a great way to start establishing credit for people with low/no credit scores¹.
  • Get a fresh start! A discharged bankruptcy in your credit file will not cause you to be declined.
  • Past credit issues shouldn’t prevent you from getting a credit card with great benefits & rewards!
  • See your VantageScore®+. Easy, Free Access to Credit.
  • Education in the First Progress Card Mobile App!
  • Receive your card more quickly with the new expedited processing option.
  • User-friendly Mobile App.
  • Accepted throughout the U.S. and online.
  • Accepted wherever Mastercard® is accepted.

And what are the drawbacks?

  • It has an annual fee: $49 charged for the first year of use.
  • There is a foreign transfer fee: of 3%.
  • You need to make an initial deposit of $200 to start using it.
  • It does not offer free credit score consultation.

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

Candidates for this card need not worry about their credit scores. After all, during its application, this indicator will not be consulted.

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

Indeed, it is possible to apply for this card free of charge and from home. To know the basic requirements, check out our post below!

First Progress

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

Apply to your First Progress Platinum Prestige Mastercard® Secured card and get access to a perfect credit building tool!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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