| Rewards | Earn up to 10% cash back at participating merchants through the First Progress Rewards program, plus 1% cash back on payments made toward your account balance. The 10% rate applies only to select merchants and may change over time. |
|---|---|
| Signup Bonus | None. |
| Annual Fee | $39 |
| Cardmember Agreement | View Here |
| Cash Advance APR | 23.49% Variable APR |
| Cash Advance Fee | Either $10 or 3% of the amount of each cash advance, whichever is greater |
| Late Payment Fee | $41 |
| Purchases APR | 17.49% Variable APR |
| * Card terms and offers are subject to change. Confirm current details with the issuer. | |
CARD OVERVIEW
The First Progress Platinum Select Mastercard® Secured Credit Card is best known as a credit-building tool for people with poor, limited, or damaged credit. It comes with a relatively low purchase APR for a secured card and a modest $39 annual fee, but there’s no signup bonus and rewards are limited to select merchant offers.
Most users say they appreciate the straightforward approval process, the ability to choose a credit limit through a refundable security deposit, and the fact that the card reports to all three major credit bureaus. Many reviewers mentioned that it’s easier to qualify for than some competing secured cards.
On the downside, cardholders often complain about the annual fee, the lack of a path to graduate to an unsecured card, and the limited value of the rewards program. Some also wish the card offered stronger long-term benefits.
Personally, I think this card makes sense if your main goal is rebuilding credit and you want a lower APR than many secured alternatives. But if you’re looking for robust rewards, no annual fee, or the chance to upgrade to an unsecured card later, there are better options worth considering.
RATE THIS CREDIT CARD
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Bro sorry, but some error occurred :O
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Good credit builder
It helped me rebuild my credit. On the downside, there are virtually no rewards or benefits, so it feels like a bare bones credit tool.
