First Progress Platinum Prestige Mastercard® Secured Credit Card review

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Advertiser Disclosure

Annual Fee
$49.00
Minimum Deposit
$200.00
Interest Rate: Purchases
9.99% (Variable)
Balance Transfer
-


7.6/10
Informr score
The First Progress Platinum Prestige Mastercard® Secured Credit Card currently has an Informr score of 7.6 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

  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • No Credit History or Minimum Credit Score Required for Approval
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 -- $2,000 Submitted with Application
  • Apply in just a few moments with no negative impact to your credit score; no credit inquiry will be recorded in your credit bureau file

What's bad

  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms
  • Annual fee
  • No rewards
  • No signup bonus
  • No Balance Transfers

Am I eligible?


First Progress Platinum Prestige 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...


FinanceBuzz

The First Progress Platinum Prestige Mastercard Secured is for people who want to build their credit. There is no way to upgrade to an unsecured credit card with First Progress, so apply for the Platinum Prestige card only if you are only looking to establish credit and nothing else. This Mastercard...

- Kevin Payne, FinanceBuzz
Compare Cards

The First Progress Platinum Prestige Mastercard can help those who do not have sufficient credit to get a standard credit card. Though the card does require you to put in a security deposit (acting as the "limit" on the card), the payments you make toward it are reported to the credit bureau. Once y...

- Compare Cards
LendEDU

The First Progress Platinum Prestige Mastercard offers consumers with poor or nonexistent credit the opportunity to open and use a credit card. As a secured card, however, this card may not be the best option, particularly when the $49 annual fee is factored in.

- Jennifer Lobb, LendEDU
Finder

If you typically carry a balance, this card could be a strong choice, as it has the lowest APR on purchases compared to its First Progress siblings. But if you always pay your balance on time, the First Progress Platinum Prestige MasterCard® Secured Credit Card and its lower annual fee could suit yo...

- Megan Horner, Finder

Details


Interest Rates
Regular APR Interest Rate 9.99% (Variable)
Balance Transfer Interest Rate
Cash Advance Interest Rate 18.99% (Variable)
Rates & Fees
Annual Fee $49.00
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 $40.00

Maximum

Promotions
Sign up bonus No
Rewards
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

Eligibility
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments

Not yet available in NY, IA, AR, or WI

Terms & Conditions Official Terms & Conditions
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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.

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