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First Progress Platinum Prestige Mastercard® Secured Credit Card
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On First Progress's secure site
Establish Credit
Monthly reporting to all three major credit bureaus (TransUnion, Experian, Equifax)
$2000 Credit Line
Get up to a $2000 credit line secured by a fully-refundable deposit
Regular APR
13.74% (V)
Card Network
Annual Fee
$49
Credit Score Needed
Bad, Limited
Offer 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; available in all 50 US states *See Card Terms.

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

  • ¡Hablamos Español! Nuestros representantes de servicio al cliente hablan Español con fluidez para su conveniencia.

  • Make 6-months of on-time payments & you’ll be invited to apply for an unsecured First Digital Mastercard!

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All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

First Progress Platinum Prestige Mastercard® Secured Credit Card Review

August 2, 2022

Who is the First Progress Platinum Prestige Mastercard® Secured Credit Card for?

The First Progress Platinum Prestige Mastercard® Secured Credit Card is ideal for cardholders looking to build a good credit history and eventually transition into an unsecured credit card. Given that this card does not require a credit history or minimum credit score for approval, the First Progress Platinum Prestige Mastercard® Secured Credit Card is an attractive option for new credit card owners and low-credit score owners alike. 

This card is accompanied by an annual fee of $49 and a 3% ($10 minimum) cash advance fee. There is also a 3% foreign transaction fee that cardholders might need to consider.

The First Progress Platinum Prestige Mastercard® Secured Credit Card comes with a low 13.74% APR (variable) and requires a minimum security deposit of $200. Furthermore, your credit limit is determined by the amount of your security deposit, with a maximum credit limit of $2,000.

Ultimately, the First Progress Platinum Prestige Mastercard® Secured Credit Card is a great option for those who want to establish a good credit history. If you are accepted for this card, you are also automatically eligible for the First Progress Platinum Elite and First Progress Platinum Select cards. When applying, you don’t need to pay an application processing fee, so what’s stopping you from applying today?

Easy and Harmless Application Process

The highlight of the First Progress Platinum Prestige Mastercard® Secured Credit Card is the ability to establish or reestablish your credit history. With no credit history or a minimum credit score required for approval, this card is ideal for those with limited credit who want a starter credit card as well as those with damaged credit. This card allows you to add information to all three major credit reports each month. Timely payments and reasonable spending will be reflected in these reports and contribute to a credit score increase. 

In addition, the application process is extremely easy for prospective cardholders. Not only is it fast and simple, but applying does not hurt your credit score. When applying for the First Progress Platinum Prestige Mastercard® Secured Credit Card, only a “soft inquiry” is conducted into your credit score, which doesn’t show up on your credit history nor lowers your credit score. 

Fees

The price prospective applicants have to pay for the First Progress Platinum Prestige Mastercard® Secured Credit Card is an annual fee of $49 and a fully refundable security deposit. Rather than using your credit history, your credit line is secured by your fully refundable security deposit. This is to ensure that you can make your payments on time since the goal is to build credit. The minimum security deposit required is $200 and the maximum security deposit is $2,000. 

Conclusion 

The First Progress Platinum Prestige Mastercard® Secured Credit Card is a solid option for cardholders looking to rebuild their credit and learn responsible credit card habits without the fear of incurring large debt. This card does come with a minimum security deposit of $200 and a maximum security deposit of $2,000. People looking for a credit card to make large purchases may want to look elsewhere. Nevertheless, the First Progress Platinum Prestige Mastercard® Secured Credit Card is a great card for people to gradually build their credit scores simply and easily. 

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All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Approval Odds
BestCreditCard calculates your approval odds by comparing your credit profile to other BestCreditCard members who were approved for this product. These approval odds are estimates only and do not guarantee approval. Credit card issuers use a variety of different types of credit scores and criteria to make credit decisions. The TransUnion credit score we provide is based on the VantageScore 3.0 model and may not be the credit scoring model used by financial institutions presenting offers on our website.