First Progress Platinum Elite Mastercard can be a good choice for anyone looking for a credit-card with multiple benefits. This secured credit cards has many positive aspects, however, negative reviews have been received due to poor customer service, a lack of rewards program and delayed card delivery. First Progress offers three types of credit cards, the unsecured, secure, and the platinum elite.
Credit line
The First Progress Platinum Elite Mastercard is a secured credit card that offers excellent credit building potential. There are no credit checks and you have the option to choose from $200-$2,000 credit depending on your financial situation. The card can be reported to all three credit bureaus.
Low APR
The First Progress Platinum Elite Mastercard offers a low APR, which makes it an excellent choice for people who are looking to establish good credit. This card offers full-featured accounts that offer a revolving credit limit based on the security deposit. It offers credit score monitoring at no cost. It is possible to make payments directly from your bank account. This eliminates the need for you to search for a payment vendor.
No rewards program
First Progress Platinum Elite Mastercard has no annual fees, no minimum credit score and no rewards program. This secured card is suitable for people with limited credit history or bad credit. To reduce default risk, the card comes with a minimum $200 security deposit.
No intro APR offer
While the no intro APR offer on the First Progress Platinum Elite Mastercard is a good deal, you shouldn't expect it to come with a zero introductory APR. You should consider looking elsewhere if you are looking for the lowest APR secured credit cards. The Platinum Elite Mastercard is a solid choice for people with less than perfect credit. You can apply for the card with any credit score, even if you have a negative history. Fill out the application and make a deposit before clicking on the "Go to Payment" button.
No credit score required
First Progress Platinum Elite Mastercard can be a great option for people who are looking for a secured loan card that doesn't require a high credit score. It comes with zero liability protection, rental car collision damage waiver and extended warranty coverage. It offers an unlimited monthly FICO credit score, and there are no foreign transaction charges.
No annual charge
First Progress Platinum Elite Mastercard, a secured credit card, requires a $200 minimum deposit. Depending on your credit status, you may be able to deposit as high as $2,000 However, the annual fee of $29 is higher that most secured cards. However, people looking to improve or enhance their credit score will find this credit card a good option.