First Progress Platinum Prestige Mastercard® Secured Credit Card
First Progress has 3 Platinum Credit Card options that can help you improve or build your credit. You don't need to have a credit record to qualify.
Card Summary
First Progress has three Platinum Secured Credit Card options that can help you improve or build your credit. You don't need to have a credit record or have a minimum credit score in order to apply.
Simply make a $200-$2,000 deposit at Synovus Bank. The amount of the deposit will be your credit limit. You will be approved for any of the cards. Only the APR and annual fees differ between these cards.
First Progress Platinum Elite Mastercard Secured Credit Card offers the highest annual fee and APR, while the First Progress Platinum Select Mastercard Secured Credit Card is midrange in APR.
First Progress Platinum Prestige Mastercard Secured Credit Card has the highest annual fees at $49 but the lowest APR at 9.99% (Variable).
Card Summary - Cons
Rates and fees
Highlights
With the new expedited processing option, you can receive your card faster. For approval, there is no minimum credit score or credit history. Fast and complete online application.
Fully-Featured Platinum Mastercard and Secured Credit Card. These cards are accepted for car rental, hotels and all other credit card transactions.
Monthly reporting to the 3 major credit bureaus in order to establish credit history.
Apply to get credit line secured by your fully-refundable deposit of $200 -- $2,000.
You can pay off your balance and receive your deposit back at any time24/7 online access to your account.
Comparative Analysis with Other Cards
First Progress Platinum Prestige Mastercard Secured credit Card vs. Capital One Platinum Safed Credit Card
Annual Fee: $49.95 for the First Progress Platinum Prestige Mastercard Secured Credit Card. Annual fee: The Capital One Platinum Secured Credit Card charges a $49.
Rewards: There is no rewards program with this card.
Sign up bonus: No card provides a sign-up bonus to new cardholders.
Benefits: First Progress Platinum Prestige Mastercard Secured Credit Card has benefits such as zero-liability protection and 24/7 roadside assistance. It also offers extended warranty coverage, purchase protection and rental car collision damage waiver.
Capital One Platinum Secured Credit Card provides emergency card services and fraud protection.
First Progress Platinum Prestige Mastercard Secured Credit Card vs. Discover It Secured credit card
Rewards: The First Progress Platinum Prestige Mastercard Secured credit card does not have a rewards program. Discover it Secured credit card offers up to $1,000 of combined gas station and restaurant purchases, as well as 2% cashback on all purchases.
Sign up bonus: The First Progress Platinum Prestige Mastercard Secured Credit Card doesn't offer a sign up bonus. Your total cash back rewards with the Discover it Secured credit card are automatically matched after the first year.
Benefits: First Progress Platinum Prestige Mastercard Secured credit card holders get zero-liability insurance, 24/7 roadside assistance and travel assistance. Purchase protection is also available. Extended warranty coverage is offered. A rental car collision damage waiver is also included.
Cardholders of Discover it Secured Credit Card have the opportunity to receive a monthly FICO credit score and no foreign transaction fees. There is also no late fee.
Conclusion
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
