First Progress Platinum Elite Mastercard® Secured Credit Card
on First Progress' website
First Progress Platinum Elite Mastercard® Secured Credit Card
Card details
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; Try our new Mobile App for Android users!
Good for Car Rental, Hotels; Anywhere Credit Cards Are Accepted!
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.
Just Pay Off Your Balance and Receive Your Deposit Back at Any Time.
24/7 Online Access to Your Account.
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.
¡Hablamos Español! Nuestros representantes de servicio al cliente hablan Español con fluidez para su conveniencia.
Make 6-months of on-time payments & you’ll be invited to apply for an unsecured First Digital Mastercard!
Rates, fees & offers
Annual fee
$29
Rewards rate
N/A
Bonus offer
None
Intro APR
N/A
Ongoing APR
Purchase: 24.74%, Variable
Cash Advance APR: 29.74%, Variable
Foreign transaction fee
3%
Recommended credit score
Compare to other cards
| Learn more | ||
Annual fee$29 | Annual fee$0 | Annual fee$0 |
Regular APR24.74% Variable | ||
Intro APRN/A | Intro APR10.99% intro APR on Balance Transfers for 6 months | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
By Sara Rathner
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Rating details
3.8
Editor's overall rating
Pros and cons
Pros
Qualify with limited / bad credit
Cons
Has annual fee
No rewards
High APR
The First Progress Platinum Elite Mastercard® Secured Credit Card is one of three secured credit cards that First Progress offers. It could be a decent, if expensive, option for consumers looking to build their credit.
The card requires an initial deposit, which becomes your credit limit. But unlike some other secured cards, you'll also owe an annual fee, you won't earn rewards and there's no clear upgrade path to a "normal" unsecured product from First Progress.
Still, you can apply without dinging your credit scores, and your activity will be reported to the three major credit bureaus. Plus, it comes with comparatively low interest rates for a card in its class, ideal if you carry a balance.
For more information, see a closer look at this card.
