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First Progress Platinum Prestige Mastercard® Secured Credit Card


February 29, 2020

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

86 User Ratings First Progress Platinum Prestige Mastercard® Secured Credit Card

at Synovus Bank Secured website

Save to Compare

Intro APR
N/A
Intro APR Period
N/A
Min. Credit Level
Bad Credit OK*

Card Details


  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • No Credit History or Minimum Credit Score Required for Approval
  • 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
  • Nationwide Program though not yet available in NY, IA, AR, or WI *See Card Terms.
  • Apply in just a few moments with no negative impact to your credit score; no credit inquiry will be recorded in your credit bureau file
  • Read the Review of First Progress Prestige Mastercard
$ 49 2020-04-07 InStock

Expert Review


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 First Progress Platinum Prestige Mastercard® is that when ...

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 First Progress Platinum Prestige Mastercard® 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 This 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 Mastercard® 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.

(Read related: 13 Reasons to Carry a Secured Credit Card)

Platinum Prestige Secured Credit Card Benefits


First Progress Platinum Prestige doesn't offer a wide range of benefits. However, all the benefits it does have are very valuable, and the card is designed to focus on them. The primary benefit of holding this card is that First Progress reports your card activity to the three largest credit bureaus.

You can rely on this at the end of each month. The second large benefit of Platinum Prestige Mastercard® is that anyone can get. 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?


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 interests 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 do you any favors, especially when we're talking about credit.

Should You Use This 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 credit cards, the Prestige Secured card 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.

Read the Review of First Progress Prestige Mastercard


Advantages

  • Anyone can get the card.
  • The card activity is reported to the credit bureaus each month.
  • You can always check the state of your account online.
  • Low interest rates.

Disadvantages

  • Has no rewards.
  • High annual fee.

Basic Info

Card Issuer:
Synovus Bank
Card Network:
Mastercard®
Card Category:
Consumer (Secured)
Common Uses:
  • Cards for Bad Credit
  • Low Interest Credit Cards
  • Tax Refund Cards
Rewards Card:
No
Understanding basic credit cards information and terminology can be confusing. We are here to help.

Finance & Rates

Introductory APR (%):
N/A
Applied Towards:
N/A
Intro Period:
N/A
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*
Understanding cards finance, terms and common credit cards rates can be complicated. We can help.

First Progress Platinum Prestige Mastercard® Secured Credit Card - Alternatives & Comparison



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 February 29, 2020. However, we strongly advise visitors to review the Terms and Conditions on card issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
Market Pro Secure® has made it very easy to find the best credit cards for you. All you need to do is find the cards you like, click "Save Card", and then compare them side-by-side.

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First Progress Platinum Prestige Mastercard® Secured Credit Card

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Min. Credit Required: Bad Credit OK*
Advertiser Disclosure

Market Pro Secure® is an independent payment card comparison service supported by advertisers, a complete list of which can be seen in our Editorial Guidelines. Even though some of these advertisers are financial product providers and credit card issuers, our paid partnerships don't affect card ratings or the Best Card Picks on our website. We don't post any content that is provided or commissioned by any of our partners. However, our paid partnerships may affect how and where products appear on our site, including the order in which they are presented within listing categories. This order may also be affected by our website rules, as well as the likelihood of the applicant’s credit approval. We can't offer any warranty for the accuracy of the credit card information we share on our website, even though we do our best to keep the Terms and Conditions, rates, and other credit card details up-to-date. For more accurate information, click "APPLY NOW" to get transferred to the credit card issuer's official website. Market Pro Secure® doesn't include all available payment cards in the marketplace.
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ADVERTISER DISCLOSURE. Market Pro Secure® is comparison service provider supported by advertisers. We dont include all available cards & in the marketplace. More
EDITORIAL DISCLOSURE. Market Pro Secure® doesn't post content that is commissioned by advertisers. Opinions expressed therein belongs to the author alone. More