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First Progress Platinum Prestige Mastercard® Secured Credit Card

EDITOR RATING

First Progress Platinum Prestige Mastercard® Secured Credit Card

Recommended For:

cdm-card Bad Credit

Recommended For: Bad Credit

Applying for this card will securely direct you to the issuer's website.

Regular APR
Intro APR:
N/A
APR (Purchases):
9.99% (V)
APR (Cash Advances):
18.99% (V)
Fees & Details
Annual Fee:
$49
Grace Period:
See Terms
Late Payment Fee:
See Terms
Over-The-Limit Fee:
See Terms
Cash Advance Fee:
See Terms
Balance Transfer Fee:
See Terms
Foreign Transaction Fee:
See Terms
EMV Compatible:
No
Reward Details
Points per Dollar:
N/A
Additional Points:
N/A
Point Details:
N/A
Expiration:
N/A
Yearly Limit:
N/A

More about the First Progress Platinum Prestige Mastercard® Secured Credit Card

  • 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
  • Nationwide Program though not yet available in NY, IA, AR, or WI
  • *See Card Terms.

Reviewing The First Progress Platinum Prestige Mastercard Secured Credit Card

Secured cards that report to the major credit bureaus are a known path to increasing your credit, as long as you use the card wisely. If you are looking to build or re-establish your credit, the First Progress Platinum Prestige Mastercard Secured Credit Card could help you do this. 

The First Progress Platinum Prestige Mastercard Secured Credit Card is issued by Synovus Bank of Columbus, Georgia.

Main Benefits Of The First Progress Platinum Prestige Mastercard Secured Credit Card

People who have experienced problems with their credit should have very few problems getting approved for this card. The issuer does not require a credit history or a minimum credit score when consumers apply for the First
Progress Platinum Prestige Mastercard Secured Credit Card. The application process is easy due to the online form, and consumers should hear whether they are approved in a very short period of time.

Your initial credit line will be determined by the amount of your security deposit. There is a minimum deposit of $200 and a maximum of $2,000. Your credit limit will be exactly equal to your security deposit. And this security deposit is fully refundable once you close your account and pay off your balance in full.

All three major credit bureaus will receive information about your account activity on a monthly basis. Therefore, smart use of your account could help increase your credit profile. This can be especially helpful to people who are trying to establish or re-establish credit.

Merchants throughout the United States will accept the card since it is backed by Mastercard.

The First Progress Platinum Prestige Mastercard Secured Credit Card has one of the lowest APRs among all the secured cards on the market: 9.99% variable.

Main Drawbacks Of The First Progress Platinum Prestige Mastercard Secured Credit Card

This card has two disadvantages: an annual fee and lack of availability in certain markets.

Some secured cards from major issuers do not have an annual fee. So this card’s $49 annual fee is something to consider.

In addition, First Progress does not operate in four states; this card is not available in Arkansas, Iowa, New York or Wisconsin.

Who The First Progress Platinum Prestige Mastercard Secured Credit Card Is Right For

Consumers without credit or who have experienced financial difficulties may want to consider the First Progress Platinum Prestige Mastercard Secured Credit Card. You should have no problem qualifying for the card, as long as you can pay your security deposit. Since the card reports to all three major credit bureaus, you could begin to see your credit profile improve if you make your payment on time each month. The interest rate is an attractive 9.99%. But you will have to pay a $49 annual fee for the card while there are other secured cards on the market without this fee.

 

To apply for the First Progress Platinum Prestige Mastercard® Secured Credit Card, click below to be redirected to the secure application.

 

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