First Progress Platinum Elite Mastercard is a great choice if you are looking for a creditcard that offers many benefits. While this secured credit card offers numerous advantages, it has received some negative reviews because of its poor customer service, lack of rewards program, and delayed card delivery. First Progress offers four types credit cards: unsecured and secured.
Credit line
First Progress Platinum Elite Mastercard provides excellent credit building potential. No credit check is required and you can choose between $200 to $2,000 depending on your financial position. The card can be reported to all three credit bureaus.
Low APR
First Progress Platinum Elite Mastercard's low APR makes it a good choice for people trying to establish credit. The card comes with a full-featured feature that includes a revolving loan line and a security deposit. It also provides credit score monitoring for free. You can make payments from your bank account, eliminating the need to find a separate 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. The card includes a $200 minimum security guarantee to lower the possibility of defaulting.
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. If you are looking for the lowest interest rate on a secured card, there is another option. For people with poor credit, the Platinum Elite Mastercard is a good choice. The card is open to anyone with any credit score, regardless of their past credit history. You just need to fill out the application, deposit and then click on the Go to payment button.
No credit score needed
First Progress Platinum Elite Mastercard makes a great choice for anyone looking for a secured card with no credit requirements. It includes zero liability protection and rental car collision damage waiver. It also offers a free monthly FICO credit score and no foreign transaction fees.
There is no annual fee
First Progress Platinum Elite Mastercard, a secured credit card, requires a $200 minimum deposit. Dependent on your credit, you can deposit as high as $2,000 However, there is an annual fee of $29, which is more than most other secured cards. That said, this credit card is a solid choice for people who want to improve their credit score.