Reviews

First Progress Platinum Prestige Mastercard® Secured Credit Card review

Do you need a credit card but have bad credit? Check out our review to learn about the First Progress Platinum Prestige Mastercard® Secured Credit Card!

Advertisement

by Suzana Brito

07/17/2022 | Updated on 11/08/2022

First Progress Platinum Prestige Mastercard® Secured Credit Card: low-interest rate and no score requirements!

Read our review about the First Progress Platinum Prestige Mastercard® Secured Credit Card. Source: First Progress.

If you have a ruined score, getting approval for a credit card can be a challenge. After all, why would a bank accept it? The First Progress Platinum Prestige Mastercard® Secured Credit Card came to save your bad credit.

First Progress logo

How to apply for the First Progress Platinum card?

Looking for a credit card for bad credit? Read more to learn about the First Progress Platinum Prestige Mastercard® Secured Card application!

It is the perfect opportunity to rebuild your score and help your finances at the end of the month. With the distance of a quick online application, your card will be in hand in just a few days. Stay tuned to understand how!

  • Credit Score: No minimum credit score 
  • Annual Fee: $49
  • APR: 13.74% (variable) for Purchases and 22.74% (variable) for Cash Advances
  • Welcome bonus: No welcome bonus
  • Rewards: No rewards

Advertisement

First Progress Platinum Prestige Mastercard® Secured Credit Card: how does it work?

You don’t need a good credit score for the application! Source: Unsplash.

The Platinum Prestige Mastercard® Secured Credit Card is based on a refundable $200-2000 security deposit.

Because no credit history or minimum score is required, there are great chances that your card will be approved within a few hours.

After that, covering expenses in transportation, food, entertainment and all sorts of services will become easier.

So, even if you don’t have good credit, you will be able to purchase things online and in stores all over the American territory.

Still, it is important to analyze the costs involved because they may not suit every pocket. Don’t forget the annual $49 fee, the 13.74% variable APR for Purchases and the 22.74% variable APR for Cash Advances. 

For this credit card, a bank account is necessary to hold monthly payments. There are no welcome bonuses or rewards.

But when it comes to credit rebuilding, the Platinum Prestige Mastercard® Secured Credit Card is a handy tool since it reports bank transitions to the three main credit bureaus.

First Progress Platinum Prestige Mastercard® Secured Credit Card: should you get one?

If you end up with bad credit, the Platinum Prestige Mastercard® Secured Credit Card is a possible way to assist you in getting a limit back. If you don’t have a credit history yet, the bank offers the same conditions.

To help you decide whether or not this card is a good choice, we have gathered some features and drawbacks you should consider before applying. Let’s take a look:

Advertisement

Pros: 

  • Low-Interest Rate
  • Larger credit limit overtime
  • Rapid and easy online application
  • Available in all 50 U.S states (see card terms)
  • No credit score required

Cons: 

  • $49 Annual fee
  • Requires qualified bank account
  • No welcome bonus or rewards
  • $200 security deposit required

Credit scores required

You don’t have to worry about your credit score because there are no credit score requirements for this credit card!

First Progress Platinum Prestige Mastercard® Secured Credit Card application: how to do it?

After considering the advantages and disadvantages of the Platinum Prestige Mastercard® Secured Credit Card, you’ve seen that recovering credit and restarting your finances is simpler than you thought.

Click the link below and find out how to apply!

First Progress Platinum Prestige Mastercard Secured Credit Card

How to apply for the First Progress Platinum card?

Looking for a credit card for bad credit? Read more to learn about the First Progress Platinum Prestige Mastercard® Secured Card application!

About the author

Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

Trending Topics

content

Citi® / AAdvantage® Platinum Select® World Elite Mastercard® application: how does it work?

Are you planning to apply for the Citi® / AAdvantage® Platinum Select® World Elite Mastercard®? Check out this guide for the application!

Keep Reading
content

Bull vs bear market explained: understand how they affect you

In this article, we explore the bull vs. bear market, how they can impact your investments and the current state of the markets in the USA.

Keep Reading
content

Chime Credit Builder Visa card review: get your credit score back in shape!

The Chime Credit Builder Visa card is unique, and you'll get a real Visa credit card with no credit check. Get yours for a $0 annual fee.

Keep Reading

You may also like

content

Accepted Account application: how does it work?

Learn how to apply to the Accepted Account, a membership that allows you to purchase at Distinct Card Services with discounts. Read on!

Keep Reading
content

The U.S. is officially in bear market territory

Stocks have been volatile so far this year, and the major indices are now firmly in bear market territory. Here's what that means for you.

Keep Reading
content

Citi Premier® Card application: how does it work?

The Citi Premier® Card is perfect for earning travel rewards on purchases. If you want a card like that, read on to learn how to apply.

Keep Reading