Credit Cards (US)

First Progress Platinum Prestige Mastercard® Secured Credit Card full review

If you need to rebuild credit and improve your score, the First Progress Platinum Prestige MasterCard® Secured Credit Card can be for you. So, keep reading to know more!

by Victória Lourenço

10/15/2021 | Updated on 02/21/2023

First Progress Platinum Prestige Mastercard® Secured Credit Card.

Full review of the First Progress Platinum Prestige Mastercard® Secured Credit Card! Source: The Mister Finance.
Full review of the First Progress Platinum Prestige Mastercard® Secured Credit Card! Source: The Mister Finance.

The First Progress Platinum Prestige Mastercard® Secured Credit Card is for those who do not have a very high credit score. Also, you can get some benefits like the zero-liability protection program, purchase protection, and others.

Moreover, if you need to build or rebuild credit, this credit card can help you. That is because this card sends your monthly payments to all three major credit bureaus. So, if you want to know more about this card’s features, keep reading our full review!

Credit ScorePoor, limited or no credit.
Annual Fee$49
APRRegular APR 14.49% (V)
Cash Advance APR 23.49% (V)
Welcome bonusThere is no welcome bonus offered by this credit card.
Rewards1% Cash Back Rewards on payments!
First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Prestige Mastercard®: how to apply?

Do you need to re-establish your credit? Check out our post to know how to apply for the First Progress Platinum Prestige Mastercard® Secured Credit Card!

How does the First Progress Platinum Prestige Mastercard® Secured Credit Card work?

After getting this credit card, you can start your journey to improve your credit score. That is because this credit card sends your monthly payment reports to all three major credit bureaus. Also, your credit limit will be the same amount as your initial deposit.

However, this credit card can charge a relatively high annual fee, but offers 1% cash back on monthly payments. Also, there is no upgrade to a regular unsecured credit card issued by the same company.

First Progress Platinum Prestige Mastercard® Secured Credit Card benefits

Pros

  • Earn 1% Cash Back Rewards on payments!
  • No minimum credit history or credit score required.
  • Past credit issues shouldn’t prevent you from getting a credit card with great benefits & rewards!
  • Accepted wherever Mastercard® is accepted, online and worldwide!
  • Reports to all 3 major credit bureaus.
  • Manage your statements, transactions & rewards on-the-go with the First Progress Card Mobile App!

Cons

  • This credit card can charge a relatively high annual fee.
  • Also, this credit card charges a foreign transaction fee.

Pre-approved credit cards for low credit score available now

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Should you get a First Progress Platinum Prestige Mastercard® Secured Credit Card?

See if you should apply for this card. Source: Unsplash.
See if you should apply for this card. Source: Unsplash.

As this credit card is for those with not-so-good credit scores, you might think that it can be great for them. However, this credit card might charge relatively high fees, such as a foreign transaction fee and an annual fee. And this can be a downside for those with not-so-high credit scores. So, before applying, see if you can pay the fees.

How good does your credit score need to be?

To get this credit card, you do not need a very high credit score. You can have a poor credit score or even no score at all. So, if you need to improve your score, this card can help you with the payment reports it sends to the major bureaus.

How to apply for a First Progress Platinum Prestige Mastercard® Secured Credit Card?

It can be very easy to apply for this credit-building card, and it is an online process. So, if you need to improve credit and are interested in applying, check out our post below to find out how to get this credit card!

First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Prestige Mastercard®: how to apply?

Do you need to re-establish your credit? Check out our post to know how to apply for the First Progress Platinum Prestige Mastercard® Secured Credit Card!

About the author

Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by

Aline Barbosa

Senior Editor

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