The Best of First Progress Credit Cards
First Progress Credit Cards are ideal for those who either have a low credit card score or no credit card score. This is because these cards do not look at your credit history, but report your credit and spending details to the credit card bureaus on a monthly basis. This further helps you develop a good credit score if you use your card wisely.
However, you need to consider the fact that all the credit cards offered by First Progress have annual fee charges. Moreover, they do not provide you any benefits on your regular purchases.
In fact, you need to make a minimum deposit of $200 which is fully refundable at the time of registration for all of the First Progress credit cards. The maximum limit set for the deposit is $2000, and your credit line will exactly be equal to the deposit you will make.
Now even though there are these deposit requirements and annual fee charges, the low APR rates being offered by First Progress on all its cards are worth considering. While most of the credit cards in the market have an average APR rate of 25%, the Prestige and Select Mastercards by First Progress offer APR of 10.74% and 14.74%, respectively.
It is always recommended that you do not carry any balance on your credit card even if the APR is low. This is because that might affect your credit score in the long run even after you paying the minimum due amount to your card in time.
There are three types of Platinum Secured first progress Credit Cards being offered by First Progress to all its customers. Let’s have a look at their details to see which one would be most profitable in helping you build your credit score.
First Progress Platinum Elite Mastercard
Annual Fee: $29
Regular APR: 20.74% (Variable)
Interest Free Period: Up to 25 days
Late Payment Fe:e Upto $39
Returned Payment Fee: Upto $28
Some of the highlights of Platinum Elite Mastercard are:
- You get the card with no delays and new expedited processing option
- 3% is the foreign transaction fee
- No minimum credit score or credit history check is required for the approval
- Quick and easy online application procedure
- $2000 is to be submitted along with the registration form, and $200 is deposited as security which secures your credit lines and is completely refundable
- Paying off balance at any time will get your deposit back in the card
- Details of the card are accessible 24/7 through online login
First Progress Platinum Prestige Mastercard
Annual Fee: $49
Regular APR: 10.74% (Variable)
Interest-Free Period: Up to 25 days
Late Payment Fe:e Upto $39
Returned Payment Fee: Upto $28
Some of the highlights of Platinum Prestige Mastercard are:
- You get the card with no delays and new expedited processing option
- No minimum credit score or credit history check for the approval
- Quick and easy online application procedure
- Use it for car rentals, vacations, hotel booking and anywhere with acceptance of Mastercard
- Your establish credit history as First Progress sends a monthly report of all its customers to the 3 major credit bureaus
- You need to submit $2000 along with the registration form
- Need to deposit $200 as security to secure your credit lines. This deposit amount is completely refundable
- Paying off balance at any time will get your deposit back in the card
- Details of the card are accessible 24/7 through online login
First Progress Platinum Select Mastercard
Annual Fee: $39
Regular APR: 14.74% (Variable)
Interest Free Period: Up to 25 days
Late Payment Fe:e Upto $39
Returned Payment Fee: Upto $28
Some of the highlights of Platinum Select Mastercard are:
- You get the card with no delays and new expedited processing option
- No minimum credit score or credit history check for the approval
- Quick and easy online application procedure
- Use it for car rentals, vacations, hotel booking and anywhere with acceptance of Mastercard
- First Progress sends a monthly report of all its customers to the 3 major credit bureaus. This further establishes your credit history
- You need to submit $2000 with the registration form, and $200 as security deposit
- Paying off balance at any time will get your deposit back in the card
- Details of the card are accessible 24/7 through online login
