Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

First Progress Platinum Elite Mastercard® Secured Credit Card review

Compare Compare  
Advertiser Disclosure

Annual Fee
Minimum Deposit
Interest Rate: Purchases
24.49% (Variable)
Balance Transfer

Informr score
The First Progress Platinum Elite Mastercard® Secured Credit Card currently has an Informr score of 5.4 out of 10. This score is based on our evaluation of 4 sources including reviews from users and the web's most trusted critics.

What's good

  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Quick and Complete Online Application; No credit inquiry required!
  • Includes Free Real-Time Access to Your Credit Score and Ongoing Credit Monitoring powered by Experian
  • Full-Feature Platinum Mastercard® Secured Credit Card
  • Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Nationwide program; available in all 50 US states *See Card Terms.
  • Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.
  • Make 6-months of on-time payments & you’ll be invited to apply for an unsecured First Digital Mastercard!

What's bad

  • No rewards
  • No signup bonus
  • Annual fee
  • No Balance Transfers

Am I eligible?

First Progress Platinum Elite Mastercard® Secured Credit Card is typically available to those with poor credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $200.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


People building credit for the first time or rebuilding from the ground up will find a fair match in the First Progress Platinum Elite Mastercard Secured Card. It’s easy to get a hold of with barebones credit history, but there isn’t much reward for the work with this option.

- Garrett Yarbrough, Bankrate

The card offers few features of the best secured cards and charges an annual fee for what it does provide. Many other but better options exist for those with no or bad credit history.

- Chauncey Crail, Robin Saks Frankel, Forbes

If you’re looking for a flexible secured credit card, the First Progress Platinum Elite Mastercard® is a good option. While there are cheaper options available, not everyone qualifies for them. First Progress doesn’t check your credit, so if you have bad (or no) credit, it may be your best option un...

- Kim Pinnelli, SimpleMoneyLyfe
Compare Cards
Compare Cards

The First Progress Platinum Elite Mastercard® Secured Credit Card is an average secured card that can be used anywhere MasterCard is accepted and reports to the credit bureaus. It doesn’t offer much for rewards, or additional perks and features.

- Compare Cards


Interest Rates
Regular APR Interest Rate 24.49% (Variable)
Balance Transfer Interest Rate
Cash Advance Interest Rate 29.49% (Variable)
Rates & Fees
Annual Fee $29.00
Balance Transfer Fee
Cash Advance Fee 3%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $41.00


Sign up bonus No
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders No
Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Additional Benefits

24/7 roadside and travel assistance

Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments -
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with First Progress Platinum Elite Mastercard® Secured Credit Card

Rate It: