First Progress Platinum Elite Mastercard® Secured Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card

on First Progress's 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's website

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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

  • 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

  • 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

  • You must be a resident of a US state; however, at present the program is not available in Arkansas, Iowa, New York, or Wisconsin *See Card Terms.

  • 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

Rates, fees & offers

  • Annual fee

    $29

  • Rewards rate

    N/A

  • Bonus offer

    None

  • Intro APR

    N/A

  • Ongoing APR

    Purchase: 19.99%, Variable

    Cash Advance APR: 24.99%, Variable

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
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Annual Fee

$29

Annual Fee

$0

Annual Fee

$0

Regular APR

19.99% Variable

Regular APR

22.99% Variable APR

Rates & Fees

Regular APR

18.00%, Variable

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

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Wondering if this card is the best match for you?

Just tell us some details and see which card matches your needs most.

Just tell us some details and see which card matches your needs most.

NerdWallet review

By Sara Rathner

Rating details

4.2

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.