First Progress Platinum Elite Mastercard has a number of benefits that will appeal to you if your search for a creditcard with many benefits is over. Although this secured credit card has many benefits, some people have negative opinions about it due to its poor customer service, insufficient rewards program, and late card delivery. First Progress offers four types: unsecured credit card, secured credit card, platinum elite credit card, and a platinum elite credit card.
Credit line
First Progress Platinum Elite Mastercard is an excellent secured credit card. No credit check is required and you can choose between $200 to $2,000 depending on your financial position. The card also reports to all three credit bureaus.
Low APR
First Progress Platinum Elite Mastercard is a great choice for people looking to build credit. It has a low APR which makes it an attractive option. This card offers full-featured accounts that offer a revolving credit limit based on the security deposit. It also provides credit score monitoring for free. Payments can be made directly from your bank account.
No rewards program
First Progress Platinum Elite Mastercard is free of any rewards program, minimum credit score requirements, and annual fees. This secured card is suitable for people with limited credit history or bad credit. You can reduce your risk of default by paying a $200 security deposit.
No intro APR offer
Although the First Progress Platinum Elite Mastercard has a no intro APR deal, you should not expect it to have a zero introductory rate. Look elsewhere for the lowest APR secured card. For people with poor credit, the Platinum Elite Mastercard is a good choice. Even if your credit history is not perfect, you can still apply for this card. All you have to do is fill out an application, make a deposit, and click 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. You get zero liability protection, rental car collision damage waiver, and extended warranty coverage. It offers no foreign transaction fees and a free FICO credit score every month.
No annual fees
First Progress Platinum Elite Mastercard has a minimum deposit of $200. Depending on your credit status, you may be able to 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.