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

First Progress Platinum Prestige Mastercard® Secured Credit Card review

Compare Compare  
Advertiser Disclosure

Annual Fee
$49.00
Minimum Deposit
$200.00
Interest Rate: Purchases
12.24% (Variable)
Balance Transfer
-


7.2/10
Informr score
The First Progress Platinum Prestige Mastercard® Secured Credit Card currently has an Informr score of 7.2 out of 10. This score is based on our evaluation of 7 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.

What's bad

  • 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...


MyBankTracker
MyBankTracker

If 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.

- Casey Hynes, MyBankTracker
The Ascent
The Ascent

It 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...

- Natasha Gabrielle, The Ascent
FinanceBuzz
FinanceBuzz

The 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...

- Kevin Payne, FinanceBuzz
SimpleMoneyLyfe
SimpleMoneyLyfe

As 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.

- Kim Pinnelli, SimpleMoneyLyfe
Compare Cards
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

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

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 Prestige Mastercard® Secured Credit Card

Rate It: