Credit Cards (US)

First Progress Platinum Select Mastercard® Secured Credit Card full review

First Progress has great secured cards, and the First Progress Platinum Select MasterCard® Secured Credit Card is one of them. Read our full review to know more!

by Victória Lourenço

10/18/2021 | Updated on 02/21/2023

First Progress Platinum Select Mastercard® Secured Credit Card.

Read our full review of the First Progress Platinum Select Masterard® Secured Credit Card! Source: The Mister Finance.
Read our full review of the First Progress Platinum Select Masterard® Secured Credit Card! Source: The Mister Finance.

The First Progress Platinum Select Mastercard® Secured Credit Card is for those who need to build or rebuild their credit. Also, this card is one of the three secured credit cards issued by First Progress. Moreover, if you apply for one of these three cards and get accepted, you will also be approved to get either of the other two cards.

In addition, either one of these credit cards requires a security deposit. Therefore, make sure that you can pay for the minimum deposit amount. But even though there is a security deposit and an annual fee, this credit card sends your monthly payment reports to all three major credit bureaus. And this can really help you build your damaged credit. So, if you want to learn more about the Select credit card by First Progress, keep reading this post!

Credit ScorePoor, limited or no credit score.
Annual Fee$39.
APRRegular APR 18.49% (V);
Cash Advance APR 24.49% (V).
Welcome bonusThis credit card does not offer a welcome bonus to its cardholders.
Rewards1% cash back rewards on your monthly payments.
First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Select Mastercard®: how to apply?

Do you need to re-establish credit? If so, the First Progress Platinum Select Mastercard® Secured Credit Card is for you! Read more to know how to apply!

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

This card charges a relatively low APR fee. Source: Unsplash.
This card charges a relatively low APR fee. Source: Unsplash.

When you get approved to get this secured credit card, you have to pay a security deposit of at least $200. Also, this deposit is refundable and will be equal to your spending limit. And even though you will have to pay an annual fee, there is no application fee, and it has a relatively low APR charge. Moreover, as this card has a Mastercard payment system, you can use it almost anywhere in the U.S.

First Progress Platinum Select Mastercard® Secured Credit Card benefits

Pros

  • Earn 1% Cash Back Rewards on payments made to your First Progress Secured credit card account.
  • No minimum credit history or credit score required!
  • Imagine being rewarded for simply paying your bill each month.  
  • 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 does not offer any rewards or bonuses to its cardholders.
  • This card charges a 3% foreign transaction fee.

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How good does your credit score need to be?

As this is a secured credit card made for those with low or no credit score at all, you do not need a high score to apply. Also, if you have plans to build or rebuild your credit through a credit card, this card can really help you.

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

You can easily apply for this First Progress Platinum Select Mastercard® Secured Credit Card through the credit card company’s website. So, if you want to know more information about how the application process works, check out our post below!

First Progress Platinum Select Mastercard® Secured Credit Card

First Progress Select Mastercard®: how to apply?

Do you need to re-establish credit? If so, the First Progress Platinum Select Mastercard® Secured Credit Card is for you! Read more to know how to apply!

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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