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.
What's bad
- Annual fee
- No rewards
- No signup bonus
- No Balance Transfers
Am I eligible?
To get this card, you must also:
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...
- Casey Hynes, MyBankTrackerIf you're looking for a way to build or rebuild your credit, then this card can certainly help you do so. The only other consideration is whether or not the annual fee is too high for you or if it makes sense when you balance the benefits of the card and the credit limit you'll get.
- Natasha Gabrielle, The AscentIt is a good secured credit card option for consumers looking to build or rebuild their credit. This card also has one of the lowest ongoing APRs in the secured card category. There's no credit history or credit score requirement to apply, and applying won't trigger a credit inquiry. This card does...
- Kevin Payne, FinanceBuzzThe First Progress Platinum Prestige Mastercard Secured is for people who want to build their credit. It is one of three secured credit card offerings from First Progress. If you’re worried about interest charges, the Prestige offers the lowest rate of the three cards but also has the highest annual...
- Kim Pinnelli, SimpleMoneyLyfeAs far as secured credit cards go, the First Progress Platinum Prestige MasterCard® Secured Credit Card is a good option. While it has an annual fee, it’s low, and its APR is the lowest among any secured credit card we’ve seen thus far.
- Compare CardsThe 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...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 12.24% (Variable) |
| Balance Transfer Interest Rate | |
| Cash Advance Interest Rate | 21.24% (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 |
$41.00 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 | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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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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