First Progress might be a good choice if you are looking for a low-interest credit card with no annual fee and low interest rates. All 50 states are eligible for this credit card. It comes with a $200 deposit that can be refunded and lets you add upto $2,000 to it if you so choose. Your deposit can be increased at any time. First Progress must approve your request. After approval, your deposit will be automatically credited and you will receive a check in 10 weeks.
Low interest rates
First Progress Platinum Select Mastercard has a $200 minimum deposit. It is possible to make additional deposits and can be used to increase your credit limit to $5,000. The annual fee of $39 seems low and compensates for the higher APR.
The First Progress Platinum Select Mastercard, a fully-featured card with low rates of interest, is available. The card is issued with a non-refundable security deposit, and it reports monthly to the three main credit bureaus. You will establish a new credit record if you pay all of the payments on time. After six consecutive on-time payments, you'll be eligible to upgrade your credit card.
No sign up bonus
It is important to be informed about the various options and fees when choosing a credit card. First Progress offers the Platinum Prestige Mastercard® secured card. The card has a $10 cash advance fee if you withdraw cash from it. A 3% foreign transaction fee is also added to the card. A late payment penalty of $29 can be applied to the card if it is not paid within six months.
The credit card doesn't offer any rewards or sign-up bonuses, but it is a great choice for people who are looking to improve their credit. First Progress Platinum Select Mastercard Secured Card, despite not offering a signup bonus, reports monthly payments from the major credit agencies to the First Progress Platinum Select Mastercard Secured Card. This helps to rebuild credit and improve credit history. First Progress Platinum-Series Mastercards also offer ongoing credit monitoring and $0 fraud liability. This credit card is accepted worldwide and has an online and mobile app to manage your account.
No annual fee
There is an annual fee for the First Progress Platinum Prestige card. However, this card has other fees. Late payments can result in a $29 charge. There will be an additional $40 charge if you are late on more than six payments. Although this is not a major issue, it is something you should keep in mind when signing up.
First Progress is a card that doesn't require a credit check before approval. Usually, when you apply for a credit card, the issuer will check your credit with the major credit bureau. This is known as a hard inquiry and can lower your score by a few percentage points. It will also stay on your credit report for up to two years. First Progress doesn’t do hard credit checks. Therefore, your credit rating will be safe. First Progress instead requires a security deposit to safeguard against defaults.
All 50 United States are available
First Progress Secured Credit Card is a revolving credit line that is based on a security deposit. It has no minimum credit score requirement and is accepted in most countries. The annual credit card fee of $29 includes foreign transaction fees. Customers can apply online and receive credit cards within two to three working days.
To apply for First Progress secured cards, applicants need to provide basic information about themselves and their monthly income. The applicant must also be able and able to deposit a security deposit. First Progress will not run a hard credit report, which can affect your score. Additionally, if there is no credit history, First Progress will not request it. Generally, the approval process takes up to three weeks. The lender is protected against loss if the security deposit is not received.
No hidden charges
First Progress, a credit card provider, offers fully-featured account with a security deposit and a rotating credit line. Customers signing up to the card should have a banking account. This helps them avoid having to pay separate payment vendors. Another benefit to customers is the possibility of paying their monthly bill from their bank accounts.
The First Progress Mastercard credit card is fully-featured. This card allows consumers establish credit and to pay their bills on-time. It also reports to all three credit bureaus every month. After six months of timely payment, customers are eligible for a second credit card.