First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card

on First Progress's 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'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; 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 though not yet available in NY, IA, AR, or WI ** See Card Terms.

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

Rates, fees & offers

  • Annual fee

    $39

  • Rewards rate

    N/A

  • Bonus offer

    None

  • Intro APR

    N/A

  • Ongoing APR

    Purchase: 13.99%, Variable

    Cash Advance APR: 19.99%, Variable

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Annual Fee

$39

Annual Fee

$0

Annual Fee

$0

Regular APR

13.99% Variable

Regular APR

26.99% Variable APR

Regular APR

22.99% Variable APR

Rates & Fees

Intro APR

N/A

Intro APR

N/A

Intro APR

10.99% intro APR on Balance Transfers for 6 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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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

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.