First Progress Platinum Prestige Secured Credit Card

Advertiser Disclosure

First Progress is offering a variety of options for those seeking secured credit cards. The First Progress Platinum Prestige MasterCard Secured credit card offers all of the advantages of any MasterCard, and, while being a secured credit card, can help you build up credit if you have none or if your credit is poor.

Secured credit cards are popular for those just starting to build credit histories, as well as those who have had credit problems in the past and cannot qualify for a traditional credit card. In exchange for a security deposit, you will enjoy the many benefits of having a credit card.

Here are some of the important details you need to know.

Apply Now: First Progress Platinum Prestige MasterCard® Secured Credit Card

 

Benefits

Great Annual Fee

In most cases, secured credit cards come with high fees and high APRs. Not the First Progress Platinum Prestige MasterCard! You pay $44 for an annual fee, and this gets you all of the great benefits! This is well worth it when you see what’s included.

Low APR For Purchases and Cash Advances

Again, it must be mentioned that secured credit cards typically have pretty steep APRs. Not with First Progress. The First Progress Platinum Prestige MasterCard boasts a super low 11.99% APR on purchases. This is nearly unheard of in the world of secured credit cards, let alone unsecured or traditional credit cards! For cash advances, the APR is only 18.99%.

Credit Line Will Match Your Security Deposit

Whatever you choose to deposit for your security deposit will be your credit line. For example, if you choose to deposit $500, you will have a $500 line of credit. You can decide, and it can be between $300-2000. You can change the amount if you start lower, by sending in a check to increase your deposit.

You Don’t Need Good Credit, or Any Credit to Qualify

Qualifying for the First Progress Platinum Prestige MasterCard Secured credit card is simple. You need to be a United States Citizen over the age of 18 years old, have a social security number and a bank account. That’s about it. And, you have to provide the aforementioned security deposit. The good thing is that you do not need to have a good credit history, or any credit history, for that matter, in order to qualify.

Build Your Credit Quickly

All you have to do to build up your credit is to make each monthly payment on time each and every month. Each month, First Progress will notify the credit bureaus of your responsible credit behavior and your credit score will continue to improve.

 

The Nitty Gritty

As mentioned, the First Progress Platinum Prestige Secured MasterCard has an annual fee of $44. You will have to provide a refundable security deposit of $300-2000 in order to be approved for the card. The APR for purchases is 11.99%, and the APR for cash advances is 18.99%. Cash advance fees are $10.00 or 3% of the amount advanced, whichever is greater. Foreign transaction fees are 3%. Late payment penalties are $35.

 

Conclusion

In conclusion, the First Progress Platinum Prestige Secured MasterCard offers those with no credit or even bad credit to get a better credit score. Providing a security deposit will entitle you to build your credit with all of the MasterCard benefits and perks. Check out the various options available from First Progress and find out if this can help you!

Apply Now: First Progress Platinum Prestige MasterCard® Secured Credit Card

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