First Progress Prestige Mastercard® Secured Credit Card
Get a fresh start! Comes with very low APR and monthly credit reporting.
Updated: Apr 16, 2026
The First Progress Platinum Prestige card is a very good option for people who want to rebuild or establish their credit. If you have had financial difficulties in the past and want to get back on track, this card is a good option. When cardholders make their deposits, they set their initial credit line. Simply put, this card puts cardholders in control of their fate. If you use this card responsibly, you can constantly improve your credit score and even speed up the process by expanding your deposit. This card has a lower APR than most secured credit cards, so even if you carry some balance, you won't get charged much.
ANNUAL FEE
$49
ONGOING APR
13.49% Variable
INTRO APR
N/A
at First Progress Prestige's Secured website
Apply NowIntroductory APR
N/A
Intro APR Period
N/A
Recommended Credit Score
Bad Credit OK
Key Features
- Now offering Up To 10% Cash Back at select merchants with First Progress! Plus, 1% back when you make payments!^^
- A $200 refundable deposit is your first step toward better credit!
- Apply with no impact to your credit!2
- Build your credit history across 3 major credit reporting agencies: Equifax, Experian and TransUnion.1
- All credit types welcome to apply!
- 1Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
- 2We may pull a soft inquiry of your credit. Soft inquiries do not impact your credit score.
- ^^The 10% cash back rate is available only at a limited number of participating merchants. Offer percentages vary by merchant and are subject to change. See First Progress Rewards Program Terms & Conditions for details.
- *See Important Disclosures for complete offer details
Our Take
Finding a good card for repairing your credit score can be really difficult. If you’re having trouble with this, you’re probably familiar with all the struggles. One of the biggest issues is that no credit card provider wants to give their services to applicants with a troubled credit history. On the other hand, everyone needs to start somewhere. What’s great about the First Progress Platinum Prestige Secured card is that when people apply for it, they won’t have a credit inquiry on their report. This means that even if someone is rejected for the card, it won’t further damage their score. The Platinum Prestige has basic requirements and features. It’s designed with one goal – to help improve your credit score.
Who Is the Prestige Secured Card for?
The card is designed for people that really damaged their credit score. Unlike similar secured credit cards, it’s quite straightforward and doesn’t offer any additional “perks” that might cause you to use the card even when you don’t really have to. It targets people with a low credit score and has an impressive approval rate. All US residents, except those from certain states, can apply for and obtain the First Progress Platinum Prestige Secured credit card. The only reason for getting this card should be to build your credit score. Even if you have a good credit score, you can get this as an additional card to help you build it faster.
RELATED: 13 Reasons to Carry a Secured Credit Card
First Progress Platinum Prestige Benefits
- Credit reporting. The primary benefit of holding this card is that First Progress reports your card activity to the three largest credit bureaus.
- Guaranteed approval. You can rely on this at the end of each month. The second large benefit of the First Progress Platinum Prestige card is that anyone can get it. You only need to provide basic personal and financial information in your application to be approved. There are no credit checks, and it’s almost impossible to be rejected for the card. The card also comes with an online account, where you can track your balance at all times.
Are There Any Disadvantages?
High annual fee. All credit cards have their own upsides and downsides. The important thing is whether users can overcome the drawbacks and harness the benefits, which is exactly the case with this card. It does come with a fairly high annual fee, but it has low interest rates in return. The reason why the annual fee is a bit high is that these cards are available to high-risk holders. Still, when you look at the fee price and what the card allows you to do, you quickly realize that it’s a fair trade. Nobody is going to do you any favors, especially when we’re talking about credit.
Should You Use the Prestige Card?
Whether you should use this card purely depends on your current financial situation. It’s up to you to assess your needs and determine whether this card is a good fit. If you don’t have financial stability and would like to start building your credit, this card might be right for you. If you have enough money to cover your annual fee and a minimum $200* security deposit, this card is a good option. Out of all the First Progress Platinum secured cards, the Prestige Mastercard has the lowest interest rates, so even if you make some mistakes on the way to building credit, you won’t be affected too much.
More Secured Cards Issued by First Progress
| Issuer: | Other Issuers |
|---|---|
| Network: | Mastercard® |
| Category: | Consumer (Secured) |
| Review: | Full Card Review |
| Best Used For: |
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| Rewards: | Yes |
| Reward Types: |
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| Reward Units: | Cash |
| Regular APR: | 13.49% |
|---|---|
| Regular APR Type: | Variable |
| Annual Fee: | $49 |
| Balance Transfer: | No |
| APR on Cash Advances: | 22.49% |
| Grace Period: | 25 Days |
| Late Payment Fee: | $41 |
| Other Fees: |
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First Progress Prestige Mastercard® Secured Credit Card Alternatives
First Progress Prestige Mastercard® Secured Credit Card |
| APPLY NOW |
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Annual Fee $49 |
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Regular APR 13.49% |
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Intro APR N/A |
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Rec. Credit Score Bad Credit OK |
IMPORTANT
*The information provided for First Progress Prestige Mastercard® Secured Credit Card is believed to be accurate at the time of evaluation or recent update on April 16, 2026. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
First Progress Prestige Mastercard® Secured Credit Card
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First Progress Prestige Mastercard® Secured Credit Card
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