First Progress Platinum Select Mastercard® Secured Credit Card

Designed to build your credit fast - monthly reporting and average fees

Updated: Jul 4, 2024

Advertiser Disclosure

The First Progress Platinum Select Mastercard is one of the three secured cards offered by this company. Like all its sisters, this card is also designed to help people with extremely poor credit get their financial history back on track. This card comes with an annual fee and moderate interest rates. In return, they get their account activity reported to credit bureaus on a monthly basis. Over time, it can be a useful tool for building credit while giving you another payment card that can be used conveniently. Here are some additional details you should know about the First Progress Select card.




19.24% Variable



273 User Ratings

First Progress Platinum Select Mastercard® Secured Credit Card

at First Progress Select's Secured website

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Introductory APR


Intro APR Period


Recommended Credit Score

Bad Credit OK

Key Features

  • Pay 6 months on time and apply to get a second credit card!
  • Secured Cards are a great way to start establishing credit for people with low/no credit scores¹
  • Get a fresh start! A discharged bankruptcy in your credit file will not cause you to be declined
  • Past credit issues shouldn't prevent you from getting a credit card with great benefits & rewards!
  • See your VantageScore®+. Easy, Free Access to Credit
  • Education in the First Progress Card Mobile App!
  • Receive your card more quickly with the new expedited processing option
  • User friendly Mobile App
  • 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.

Our Take

The Platinum Select Mastercard is one of the three secured credit cards offered by First Progress Bank. The company has a package offer directed towards people that want to rebuild their credit score or establish it properly. The requirements for getting this card are quite basic, and the whole application process is simple and quick. This card has such a high approval rate that getting denied would be simply impossible. However, even if this happens, you won’t have to worry about another negative mark on your credit score, as the application doesn’t involve credit inquiries. This card is a simple-to-get tool that allows you to improve your credit score without too much stress.

Who Is This Mastercard for?

For people with bad credit scores or those who don’t have one yet. First Progress Platinum Select credit card is a unique card, and anyone can get it. This card is made for US residents, and even if your FICO score is under 500, you can get approved. A lot of secured card providers say that they give their cards to everyone, but this isn’t the actual practice. First Progress delivers on this, and anyone can apply and get it, regardless of what their credit score is. The only requirement is to be over 18 years old, to have a social security number, and a US residence.

First Progress Platinum Select Secured Card Benefits

  • Made to build credit. A lot of secured credit cards currently on the market promise various benefits but miss out on the single most important one – getting your credit score back on track. First Progress Platinum Select is the exact opposite. It doesn’t offer any fancy benefits other than making it easy to build credit.
  • Moderate fees. It doesn’t require a big investment and comes with moderate fees and interests.
  • High approval rates. The approval rates are really high, and these cards are available to everyone.
  • Fast application. The application process lasts only a couple of minutes. In just a couple of days, when a plastic card received, you can start using this card and build your credit.

Are There Any Disadvantages?

  • Annual fee. If you look at the Platinum Select card from the angle of rebuilding credit, it doesn’t have any big disadvantages. It does come with an annual fee of $39, which is fairly moderate but compared to some other cards out there, this might be the downside of this card. Still, the Platinum Select Secured Card is easily approved without a credit inquiry. This isn’t something that you will come across very often. You will also have to make a deposit if you want to extend your credit line.

Should You Use the Select Card?

We think that paying a moderate annual fee is worth it if you’ll have a chance to build your credit in return. This is what the First Progress Platinum Select credit card guarantees you. First of all, it’s easy to get approved for the card, and second, your activity will be reported to 3 main credit bureaus. Now, the important thing for you to do is to consider what your options are. If you really have a low credit score, then going with this card might be the answer. Some other credit providers will destroy you with fees and interest if you have a low score, and they don’t even guarantee approval.

Other Secured Cards from 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
  • Guaranteed Approval
  • No Credit / New to Credit
  • Building Credit
  • No Credit Check
  • Apply by Phone
Rewards: Yes
Reward Types:
  • Universal Rewards
Reward Units: Cash
Rates & Fees
Regular APR: 19.24%
Regular APR Type: Variable
Annual Fee: $39
Balance Transfer: No
APR on Cash Advances: 25.24%
Grace Period: 25 Days
Late Payment Fee: $41
Other Fees:
  • Foreign Transaction Fee: 3%
  • Returned Payment: up to $41.00

First Progress Platinum Select Mastercard® Secured Credit Card Alternatives

First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card


Annual Fee


Regular APR


Intro APR


Rec. Credit Score

Bad Credit OK

*The information provided for First Progress Platinum Select Mastercard® Secured Credit Card is believed to be accurate at the time of evaluation or recent update on July 4, 2024. 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 Select Mastercard® Secured Credit Card

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First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Platinum Select Mastercard® Secured Credit Card

Rec. Credit Score: Bad Credit OK

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