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. Residents of all 50 States can apply for the credit card. It has a $200 refundable deposit and allows you to add up to $2,000 if you need to. Your deposit can be increased at any time. First Progress must approve your request. Once you have been approved, you will receive your deposit automatically and a check within 10 week.
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 is fairly low, and it offsets the higher APR.
First Progress Platinum Select Mastercard features a full-featured card that offers low interest rates. It comes with a refundable safety deposit and reports to the major credit bureaus monthly. You will establish a new credit record if you pay all of the payments on time. You'll also be eligible to upgrade to another credit card after six consecutive months of making on-time payments.
No sign up bonus
Consider the fees and options available to you when selecting a credit-card. First Progress offers the Platinum Prestige Mastercard (r) secured credit card. You will be charged a $10 cash advance when you withdraw cash with this credit card. In addition, the card has a 3% foreign transaction cost. If you make more than one payment in a 6-month period, the card will charge a $29 late fee.
Although this credit card does not offer any sign-up bonus or rewards, it is an excellent option for people who want to build their credit. First Progress Platinum Select Mastercard Secured Card is not a signup bonus. However, it sends monthly payments to all major credit bureaus. This helps to reestablish credit scores and improve credit histories. First Progress Platinum-series Mastercards come with $0 fraud coverage and ongoing credit surveillance. The credit card can be used worldwide. You can manage your account online or via a mobile app.
No annual fees
There is no annual fee for First Progress Platinum Prestige, but there are fees associated with this credit card. If you delay your first payment, for example, you may be charged up $29 If you miss more than six payments in a row, you'll have to pay an additional $40. This is not a deal-breaker but something you need to be aware of before signing up.
First Progress is a credit card that doesn't require you to submit a credit score before they approve your application. When you apply to a credit card, the issuer will typically check your credit score with the major bureau. This is called a hard inquiry, and it can lower your score by a few points and stay on your credit report for two years. Since First Progress doesn't do hard credit checks, you can rest assured that your credit will be okay. First Progress instead requires a security deposit to safeguard against defaults.
All 50 United States are available
First Progress secured credit cards are a revolving credit facility that relies on security deposits. The card does not have a minimum credit score and can be accepted in most countries. The credit card fee is $29 per year and includes foreign transaction fees. Customers can apply online, and they will receive their credit cards in 2-3 business days.
To apply for a First Progress secured card, applicants must provide basic identity information about their monthly income and financial obligations. They should also be able to provide a security deposit. First Progress will not run a hard credit report, which can affect your score. The card issuer will not conduct an inquiry if you don’t have any credit history. The approval process typically takes between two and three weeks. The security deposit protects the lender from losses in the event of default.
No hidden charges
First Progress, a credit card provider, offers fully-featured account with a security deposit and a rotating credit line. Customers who sign up for the card must have a bank account, which saves them the expense of using separate payment vendors. Another benefit for customers is the ability to pay their monthly bill through their bank account.
The First Progress Mastercard, a fully-featured credit card, is available. This card allows users to establish new credit, and pays their bills on the due date. It reports monthly to all three credit bureaus. It offers customers a second Credit Card after six months' on-time payments.