First Progress Platinum Elite Mastercard® Secured Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card

on First Progress' website

First Progress Platinum Elite Mastercard® Secured Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card

on First Progress' website

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Card details

  • Choose your own credit line - $200 to $2000 – based on your security deposit

  • Build your credit score.¹ Reports to all 3 credit bureaus

  • No minimum credit score required for approval!

  • Pay 6-months-on-time and apply to get a second credit card!

  • Get a fresh start! A discharged bankruptcy in your credit file will not cause you to be declined

  • Past credit issues shouldn’t prevent you from getting a credit card with great benefits & rewards!

  • See your VantageScore®+. Easy, Free Access to Credit

  • Education in the First Progress Card Mobile App!

  • Receive your card more quickly with the new expedited processing option

  • User-friendly Mobile App

  • Accepted throughout the U.S. and online

  • Accepted wherever Mastercard® is accepted

  • ¹ Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.

Rates, fees & offers

  • Annual fee

    $29

  • Rewards rate

    N/A

  • Bonus offer

    None

  • Intro APR

    N/A

  • Ongoing APR

    Purchase: 25.24%, Variable

    Cash Advance APR: 30.24%, Variable

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn more
Annual fee

$29

Annual fee

$0

Annual fee

$0

Regular APR

25.24% Variable

Regular APR

28.24% Variable APR

Rates & Fees

Regular APR

18.00%, Variable

Rates & Fees

Intro APR

N/A

Intro APR

10.99% intro APR on Balance Transfers for 6 months

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Sara Rathner

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

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.