First Progress Platinum Prestige Mastercard® Secured Credit Card

Get a fresh start! Comes with very low APR and monthly credit reporting.

Updated: Jul 22, 2021

Advertiser Disclosure

The First Progress Platinum Prestige card is a very good option for people who want to rebuild or establish their credit. If you had financial difficulties in the past and want to get back on track, this card is a good option for you. When cardholders make their deposits, they set how much their initial credit line will be. 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

9.99% Variable

INTRO APR

N/A

120 User Ratings

First Progress Platinum Prestige Mastercard® Secured Credit Card

at First Progress Prestige's Secured website

Apply Now

Introductory APR

N/A

Intro APR Period

N/A

Minimum Credit Score

Bad Credit OK

Key Features

  • 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 though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Get a fresh start! A discharged bankruptcy still in your credit bureau file will not cause you to be declined.

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 this card, they won’t have a credit inquiry marked on their report. This means that even if someone is rejected for the card, it won’t damage their score further. The Platinum Prestige has basic requirements and comes with basic features. It’s designed with one goal – to help improve 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 who don’t have a great credit score, and it has an amazing approval rate. All US residents, except those from several defined states, can apply and get 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 give some basic personal and financial information during your application to get approved. There aren’t any credit checks, and it’s almost impossible to get 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 the users can surpass the negative aspects 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 in turn. 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 analyze your needs and see whether this card is a good fit for you. If you don’t have financial stability and you would like to start building your credit, this card might be the right thing for you. If you have enough money to pay for your annual fee and give a minimum of $200 security deposit, then 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

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Basic Information
Issuer: Synovus Bank
Network: Mastercard®
Category: Consumer (Secured)
Review: Full Card Review
Best Used For:
  • Cards for Bad Credit
  • Low Interest Rate
  • Building Credit
  • Damaged Credit
  • New to Credit
  • No Credit Check
Rewards: No
Rates & Fees
Regular APR: 9.99%
Regular APR Type: Variable
Annual Fee: $49
Balance Transfer: No
APR on Cash Advances: 18.99%
Grace Period: 25 Days
Late Payment Fee: $40
Other Fees:
  • Foreign Transaction Fee: 3%
  • Returned Payment: Up to $40.00

First Progress Platinum Prestige Mastercard® Secured Credit Card Alternatives


First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Platinum Prestige Mastercard® Secured Credit Card

APPLY NOW

Annual Fee

$49

Regular APR

9.99%

Intro APR

N/A

Min. Credit Level

Bad Credit OK

IMPORTANT
*The information provided for First Progress Platinum Prestige Mastercard® Secured Credit Card is believed to be accurate at the time of evaluation or recent update on July 22, 2021. 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 Platinum Prestige Mastercard® Secured Credit Card

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First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Platinum Prestige Mastercard® Secured Credit Card

Min. Credit Required: Bad Credit OK

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