logo
Only Clyde Finds the Best Card
Based on How You Spend.

First Progress Platinum Prestige MasterCard® Secured Credit Card

Requires sign in
Rewards Rate
N/A
Sign Up Bonus
N/A
Typical Credit Score
Bad, Limited / None
First Progress Platinum Prestige MasterCard® Secured Credit Card
First Progress Platinum Prestige MasterCard® Secured Credit Card
Pros & Cons
  • 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
  • $49 annual fee
  • Foreign transaction fee
Rated Best for:
First Progress Platinum Prestige MasterCard® Secured Credit Card Review

Who is the First Progress Platinum Prestige MasterCard® Secured Credit Card for?

The First Progress Platinum Prestige MasterCard® Secured Credit Card is ideal for cardholders looking to build a good credit history and eventually transition into an unsecured credit card. Given that this card does not require a credit history or minimum credit score for approval, the First Progress Platinum Prestige MasterCard® Secured Credit Card is an attractive option for new card owners and low-credit score owners alike. 

This card is accompanied by an annual fee of $49 and a 3% foreign transaction fee. So, cardholders looking to travel frequently may want to consider other credit cards that don’t come with a foreign transaction fee.

The First Progress Platinum Prestige MasterCard® Secured Credit Card comes with a low 9.99% APR and requires a minimum security deposit of $200. Furthermore, your credit limit is determined by the amount of your security deposit, with a maximum credit limit of $2,000.

Ultimately, the First Progress Platinum Prestige MasterCard® Secured Credit Card is a great option for those who want to establish a good credit history. If you are accepted for this card, you are also automatically eligible for the First Progress Platinum Elite and First Progress Platinum Select cards. When applying, you don’t need to pay an application processing fee, so what’s stopping you from applying today?

Easy and Harmless Application Process

The highlight of the First Progress Platinum Prestige MasterCard® Secured Credit Card is the ability to establish or reestablish your credit history. With no credit history or a minimum credit score required for approval, this card is ideal for those with limited credit who want a starter credit card as well as those with damaged credit. This card allows you to add information to all three major credit reports each month. Timely payments and reasonable spending will be reflected in these reports and contribute to a credit score increase. 

In addition, the application process is extremely easy for prospective cardholders. Not only is it fast and simple, but applying does not hurt your credit score. When applying for the First Progress Platinum Prestige MasterCard® Secured Credit Card, only a “soft inquiry” is conducted into your credit score, which doesn’t show up on your credit history nor lowers your credit score. 

Fees

The price prospective applicants have to pay for the First Progress Platinum Prestige MasterCard® Secured Credit Card is an annual fee of $49 and a fully refundable security deposit. Rather than using your credit history, your credit line is secured by your fully refundable security deposit. This is to ensure that you can make your payments on time since the goal is to build credit. The minimum security deposit required is $200 and the maximum security deposit is $2,000. However, if you choose to keep a security deposit greater than $200, the new minimum security deposit amount is $350. So, if you want to increase your credit line by depositing more funds into your security deposit, make sure to keep a balance greater than $350. 

Compared to its competitors, the First Progress Platinum Prestige MasterCard® Secured Credit Card doesn’t allow for as big of a credit limit. Other popular secured cards have a maximum limit that goes up to $10,000, allowing for more flexibility for large purchases and emergency accidents. Therefore, this card is not ideal for those who often incur high monthly statements due to utilities, rent, food, shopping, and other expenses. 

Conclusion 

The First Progress Platinum Prestige MasterCard® Secured Credit Card is a solid option for cardholders looking to rebuild their credit and learn responsible credit card habits without the fear of incurring large debt. This card does come with a minimum security deposit of $200 and a maximum security deposit of $2,000. As a result, people looking for a credit card to make large purchases may want to consider other cards. Nevertheless, the First Progress Platinum Prestige MasterCard® Secured Credit Card is a great card for people to gradually build their credit scores simply and easily. 

Complete Card Details
Rewards Rate
N/A
Welcome Bonus
N/A
Typical Credit Score
Bad, Limited / None
Intro Annual Fee
N/A
Annual Fee
$49
Additional User Annual Fee
N/A
Foreign Transaction Fee
3%
Intro Purchase APR
N/A
Regular Purchase APR
9.99%
Cash Advance Fee
3%
Cash Advance APR
18.99%
Late Fee
Up to $40
Intro Balance Transfer APR
N/A
Regular Balance Transfer APR
N/A
Penalty APR
N/A
Balance Transfer Fee
N/A
Return Payment Fee
Up to $20
Minimum Deposit
$200
Credit Card Network
Mastercard
Credit Card Issuer
Synovus Bank
First Progress Platinum Prestige MasterCard® Secured Credit Card FAQ

What is the minimum credit score required to apply for First Progress Platinum Prestige MasterCard® Secured Credit Card?

This information is currently not available. Please refer to the card terms and conditions for more details.

What is the minimum deposit required for First Progress Platinum Prestige MasterCard® Secured Credit Card?

This card requires a minimum depost of $200

What is the Intro Annual Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Intro Annual Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card is not available at the moment. Please check the terms for more details.

What is the Annual Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Annual Fee for this credit card is $49.

What is the Intro Purchase APR for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Intro Purchase APR for First Progress Platinum Prestige MasterCard® Secured Credit Card is not available at the moment. Please check the terms for more details.

What is the Regular Purchase APR for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Regular Purchase APR for First Progress Platinum Prestige MasterCard® Secured Credit Card is 9.99%.

What is the Intro Balance Transfer APR for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Intro Balance Transfer APR for First Progress Platinum Prestige MasterCard® Secured Credit Card is not available at the moment. Please check the terms for more details.

What is the Regular Balance Transfer APR for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Regular Balance Transfer APR for First Progress Platinum Prestige MasterCard® Secured Credit Card is not available at the moment. Please check the terms for more details.

What is the Cash Advance APR for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Cash Advance APR for First Progress Platinum Prestige MasterCard® Secured Credit Card is 18.99%.

What is the Cash Advance Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Cash Advance Fee for this credit card is 3%.

What is the Late Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Late Fee for this credit card is up to $40.

What is the Penalty APR for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Penalty APR for this credit card is not available at the moment. Please check the terms for more details.

What is the Balance Transfer Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Balance Transfer Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card is not available at the moment. Please check the terms for more details.

What is the Min. Balance Transfer Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Min. Balance Transfer Fee for this credit card is not available at the moment. Please check the terms for more details.

What is the Foreign Transaction Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Foreign Transaction Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card is 3%.

What is the Return Payment Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card

The Return Payment Fee for First Progress Platinum Prestige MasterCard® Secured Credit Card is up to $20.
$738
$1,065
$261
See Your Best Card.
Create a free account to see how much each card is worth to you.

Free Forever

Clyde is an always-free service. We’re passionate about financial transparency and strive to get you the most for your money.

100% Secure

We are serious about security. We encrypt all the data you share with us to ensure your experience is both easy and safe.