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Thursday, February 22, 2024

First Progress Platinum Prestige Mastercard® Secured Credit Card Review

Toby Sembower

By: Toby Sembower

Toby Sembower
Toby Sembower

Toby is the founder of CardRates.com and lends his 20 years of experience in the credit card industry to educate consumers. His commentary and reviews have been featured to millions on Yahoo! Finance, CreditCards.com, Entrepreneur.com, and others. Toby's industry connections enable him to keep audiences informed with timely advice and insight.

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Editor: Lillian Guevara-Castro

Lillian Guevara-Castro
Lillian Guevara-Castro

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct journalism instructor at the University of Florida. Today, Lillian edits all CardRates content for clarity, accuracy, and reader engagement.

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Reviewer: Ashley Fricker

Ashley Fricker
Ashley Fricker

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among many others. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media. Ashley holds a bachelor's degree in multimedia journalism from Florida Atlantic University.

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First Progress Platinum Prestige Mastercard® Secured Credit Card Review

Rated 3.4 /5.0 ★★★

Are you considering the First Progress Platinum Prestige Mastercard® Secured Credit Card? Before you apply for the card, you'll want to learn some key facts about the offer and how it compares to others on the market.

In reviewing the card, our staff rated it a 3.4 out of 5.0.

We like this card because you're guaranteed approval, making it great for someone with bad credit or no credit. No processing and application fees, either!

Here's a rundown of the key features, rates, and terms of the First Progress Platinum Prestige Mastercard® Secured Credit Card:

Disclosure: When you apply through links on our site, we often earn referral fees from partners. For more information, see our ad disclosure and review policy.

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CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.

First Progress Platinum Prestige Mastercard® Secured Credit Card Review

at First Progress'ssecure website

BEST OVERALL RATING

★★★

3.4

OVERALL RATING

  • 1% Cash Back Rewards on payments
  • Choose your own credit line - $200 to $2000 – based on your security deposit
  • Build your credit score.¹ Reports to all 3 credit bureaus
  • No minimum credit score required for approval!
  • ¹ Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.24% (V)
$49
Poor/Limited/No Credit

There's certainly a lot to like about the First Progress Platinum Prestige Mastercard® Secured Credit Card. Let's dive deeper into the card's rates and fees, as they could make or break whether owning the First Progress Platinum Prestige Mastercard® Secured Credit Card is right for you.

Interest Rate & Annual Fee

According to the issuer, the First Progress Platinum Prestige Mastercard® Secured Credit Card currently charges the following interest rates on purchases and balance transfers:

  • Purchase Intro: N/A
  • Balance Transfer Intro: N/A
  • Regular APR: 15.24% (V)

Here's the annual fee for the First Progress Platinum Prestige Mastercard® Secured Credit Card as listed by the issuer:

  • Annual Fee: $49
See site for details »

Credit Needed for Approval

According to the issuer, the current general credit history requirement for the First Progress Platinum Prestige Mastercard® Secured Credit Card is:

  • Credit Level: Poor/Limited/No Credit

If you feel you have the credit needed for approval and you're ready to apply, you can do so online on the issuer's secure website.

Keep in mind that rates and features may change, so if you like what the First Progress Platinum Prestige Mastercard® Secured Credit Card is offering today, you may want to apply now to lock it in current terms before it's too late.

How Does It Rank?

Below are all the ratings our team gives the First Progress Platinum Prestige Mastercard® Secured Credit Card, along with the card's ranking within each category. To see how it compares to other cards, simply click on the category name:

(Ranked #147 out of 155)
★★★
3.4
(Ranked #8 out of 14)
★★★★
4.2

Bottom Line on First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Platinum Prestige Mastercard® Secured Credit Card Review

All told, our team's review of the First Progress Platinum Prestige Mastercard® Secured Credit Card resulted in a rating of 3.4 out of 5.0, as the card features many pros and cons for a potential cardholder to consider. Ultimately, it's up to you to determine if the card's benefits outweigh its possible drawbacks.

If you're ready to apply for the First Progress Platinum Prestige Mastercard® Secured Credit Card, here is the link the issuer's official application:

About the Author

Toby Sembower
Toby Sembower Finance Expert

Toby is the founder of CardRates.com and lends his 20 years of experience in the credit card industry to educate consumers. His commentary and reviews have been featured to millions on Yahoo! Finance, CreditCards.com, Entrepreneur.com, and others. Toby's industry connections enable him to keep audiences informed with timely advice and insight.

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Toby Sembower