First Progress Platinum Select Mastercard® Secured Credit Card | CompareCards.com

First Progress Platinum Select Mastercard® Secured Credit Card

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First Progress Platinum Select Mastercard® Secured Credit Card

 

Rated 3/5.0 stars by our editorial team

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  • Regular Purchase APR 19.24% (Variable)
  • Intro Purchase APR N/A
  • Intro BT APR N/A
  • Annual Fee $39
  • Credit Needed Limited/Poor
  • Card Brand Mastercard®
  • Regular Purchase APR 19.24% (Variable)
  • Intro Purchase APR N/A
  • Intro BT APR N/A
  • Annual Fee $39
  • Credit Needed Limited/Poor
  • Card Brand Mastercard®

Highlights

  • 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.
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Card Fees

Foreign Transaction Fee

N/A

Balance Transfer Fee

N/A

Penalty APR

N/A

Ongoing Information

Rewards Rate

1% Cash Back

Annual Fee

$39

Additional Card Details

$0 Fraud Liability

Yes

Auto Rental Insurance

Yes

Extended Warranty Program

Yes

Roadside Assistance

No

Purchase Protection

Yes

Travel Assistance

No

Flight Accident Insurance

No

Lost Luggage Reimbursement

No

Concierge Service

No

Expert Reviews

From the CompareCards.com Editorial Team, updated on Apr 08, 2024

This card is great for rebuilding credit because it works as a full-feature Mastercard with a credit line based on your security deposit, not your credit score. This card was created with consumers who are building credit in mind. Credit card records will be reported to the major credit bureaus each month. Your minimum credit line starts at $200 and you can go as high as $2,000.

Some great perks to this card include 1% Cash Back, automatic credit reporting, 24/7 online account access and no over limit fees apply. Some fees that come with this card include the annual fee of $39.

Applying is easy and applicants receive instant approval online, by phone or in person. Out of all the First Progress Platinum Secured cards offered, this one lies in the middle for the APR and annual fee.

Expert Reviews of the First Progress Platinum Select Mastercard® Secured Credit Card

  • 3.0

    Regular APR

  • 1.0

    Intro APR

  • 3.0

    Fees

  • 3.0

    Benefits

  • 3.0/5

    Overall Rating

The Bottom Line

The First Progress Platinum Select Mastercard® Secured Credit Card is an average secured card that can be used anywhere Mastercard is accepted and reports to the credit bureaus. It doesn’t offer much for additional perks and features.

The Good

Card holders will enjoy a 25 day grace period before having to pay interest on purchases.

The Not so Good

If you spend frequently, it may take up to ten business days for a payment to post to your account, which is limiting in your available credit. This card also charges foreign currency transaction fees.

Editorial Note: This content is not provided by First Progress. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by First Progress.

Consumer Reviews

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YOUR RATING

 

Rated 3/5.0 stars by our editorial team

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3/5.0 from 0 Offer Ratings
Over the Past 60 Days!

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