First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card

on First Progress' website

First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card

on First Progress' website

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Card details

  • 1% Cash Back Rewards on payments

  • 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!

  • 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

    $39

  • Rewards rate

    1%

  • Bonus offer

    None

  • Intro APR

    N/A

  • Ongoing APR

    Purchase: 19.24%, Variable

    Cash Advance APR: 25.24%, Variable

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn more
Annual fee

$39

Annual fee

$99

Annual fee

$199

Regular APR

19.24% Variable

Regular APR

21.24%, 25.24%, or 29.99%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

N/A

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%, 25.24%, or 29.99%.

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

3.9

Editor's overall rating

Pros and cons

Pros
  • Qualify with limited / bad credit

Cons
  • Has annual fee

  • No rewards

The First Progress Platinum Select 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.