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.
Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has worked at The Atlanta Journal and Constitution, Gwinnett Daily News, Gainesville Sun, and The New York Times, where she covered demographics, consumer issues, and the business and financial sectors. Lillian has a degree in journalism and communications from Georgia State University and brings her fact-checking expertise to ensure Digital Brands content is accurate and engaging.
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.
Our experts rate credit card offers based on factors like rewards, APRs, signup bonuses, fees, and approval rates, with a focus on benefits that provide the best value. We also consider cardholder needs such as credit-building potential, issuer reputation, and customer service. Our ratings are unbiased, updated regularly, and not influenced by issuers.
Are you considering the Prosper® 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 3.8 out of 5.0.
With regular reporting to the credit bureaus and free financial education, this is the perfect card for those looking to take charge of their financial future.
Here's a rundown of the key features, rates, and terms of the Prosper® 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.
Our experts rate credit card offers based on factors like rewards, APRs, signup bonuses, fees, and approval rates, with a focus on benefits that provide the best value. We also consider cardholder needs such as credit-building potential, issuer reputation, and customer service. Our ratings are unbiased, updated regularly, and not influenced by issuers.
Our experts rate credit card offers based on factors like rewards, APRs, signup bonuses, fees, and approval rates, with a focus on benefits that provide the best value. We also consider cardholder needs such as credit-building potential, issuer reputation, and customer service. Our ratings are unbiased, updated regularly, and not influenced by issuers.
No annual fee for the first year with AutoPay (The annual fee for this credit card is $59, which will be waived for your first year if you are approved and sign up for AutoPay before we issue your first statement.
No security deposit required
We don't charge fees for ATM cash withdrawals ( Third party fees may apply.)
Initial credit limit up to $3,000
We regularly report on your credit card performance to help you establish credit history
Zero fraud liability (which offers protection against unauthorized purchases)
While you wait for your Prosper® Card to ship, use a portion of your credit line instantly through Digital Wallet, MyProsperCard App, or Prosper.com
Choose a monthly payment date that works for you
Free mobile app—MyProsperCard
Issued by Coastal Community Bank, Member FDIC pursuant to a license by Mastercard® International
$59 (waived for the first year if you sign up for autopay before your first statement)
Fico Score Of 600 Plus (Sweet Spot 620-670)
There's certainly a lot to like about the Prosper® Card. Let's dive deeper into the card's rates and fees, as they could make or break whether owning the Prosper® Card is right for you.
Interest Rate & Annual Fee
According to the issuer, the Prosper® Card currently charges the following interest rates on purchases and balance transfers:
Purchase Intro: N/A
Balance Transfer Intro: N/A
Regular APR: 23.24% - 34.74%
Here's the annual fee for the Prosper® Card as listed by the issuer:
Annual Fee: $59 (waived for the first year if you sign up for autopay before your first statement)
Keep in mind that rates and features may change, so if you like what the Prosper® 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 Prosper® Card, along with the card's ranking within each category. To see how it compares to other cards, simply click on the category name:
Our experts rate credit cards for bad credit based on APRs, fees, approval ease, rewards, educational resources, and issuer reputation. We focus on providing the best options for those rebuilding credit and compare similar offers to find a balance between accessibility and affordability. Issuers have no influence on our ratings.
Our experts rate credit card offers based on factors like rewards, APRs, signup bonuses, fees, and approval rates, with a focus on benefits that provide the best value. We also consider cardholder needs such as credit-building potential, issuer reputation, and customer service. Our ratings are unbiased, updated regularly, and not influenced by issuers.
Our experts rate credit cards for fair credit based on their APRs, fees, approval odds, rewards, and credit-building potential. We compare offers to help cardholders find the best mix of value and accessibility. Issuers have no influence on our ratings.
Our experts rate credit cards for limited or no credit history based on APR, fees, approval ease, and rewards. We focus on finding affordable cards that help build credit, comparing offers to ensure the best value. Issuers have no influence on our ratings.
We rate instant-approval cards based on their APRs, fees, approval rates, rewards, and issuer reputation, while considering other key factors that support accessibility and affordability. Our ratings are updated regularly, and issuers have no influence on them.
All told, our team's review of the Prosper® Card resulted in a rating of 3.8 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 Prosper® Card, here is the link the issuer's official application:
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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