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First Progress Platinum Elite MasterCard® Secured Credit Card

Required Credit Score:
Minimum. Security Deposit:
915 reviews   Write a Review
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First Progress Platinum Elite MasterCard® Secured Credit Card’s Key APRs & Fees

  • ANNUAL FEE $39
  • REGULAR RATE 14.99% (V)
  • GRACE PERIOD 25 days

First Progress Platinum Elite MasterCard® Secured Credit Card’s Highlights

  • Full-feature Platinum MasterCard secured credit card.
  • No credit history or minimum credit score required for approval.
  • Monthly reporting to all 3 major credit bureaus to help build credit.
  • Set your own credit limit, which is secured by your deposit of $200 - $2,000.
  • Deposit held at FDIC-insured bank.
  • 24/7 access to your account online.
  • The First Progress Platinum MasterCard Secured Card requires no credit history or minimum credit score for approval, but the refundable security deposit must be provided before a card can be issued. The new CARD Act regulations also require all credit card issuers to verify the identity of every applicant before approval. We can usually complete this identity verification using fast, automated methods, but it is sometimes necessary for us to contact an applicant in order to verify his or her identity. Applicants will receive their cards more quickly if they respond promptly to our call or letter relating to this verification process. Virtually every applicant who successfully provides the refundable security deposit and passes the identity verification step will be approved for the card. If you have applied for the card and have a question or want to check the status of your application, please call First Progress toll-free at (888) 403-4783.
  • Receive your card more quickly with new Expedited Processing option.

First Progress Platinum Elite MasterCard® Secured Credit Card’s Additional Info

  • MAX LATE FEE   $38
  • SMART CHIP   Yes
    19.99% (V)
    3% (min $10)
Apply Now
at First Progress’
secure site

Customer Questions and Answers

Don't see what you're looking for? Submit your question about First Progress Platinum Elite MasterCard® Secured Credit Card to our community.

On the secured cc do you block out the money in my bank account or do you take it out of my bank account and put it on an hold toward my account ? I am sorry I don't understand more

Photo of Joe W.
Feb 10, 2015
The funds for your security deposit are withdrawn from your bank account and placed into an escrow account held by the card issuer. You will then receive this sum, plus interest, when you close your account with zero balance.
2 Votes 3 1

How to make a payment online?

Photo of Card H.
Feb 3, 2016
You can do so by registering your account for online management and then linking a payment source. Here’s where you start: . Hope this helps.
0 Votes 2 2

I have made my 300.00 dollar deposit, and I have my card. Why is it being declined? When I call customer service or go on-line it ask for cc number it can not found I have to use my ss more

Photo of Ana C.
Feb 10, 2015
Is your account brand new? It might be that the issuer’s records simply have not been updated. Also, what has customer service said when you provided your Social? You should be able to bypass the automated service and talk to an actual human who could help you out.
0 Votes 2 2
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Customer Reviews

Share your insights and review the First Progress Platinum Elite MasterCard® Secured Credit Card.

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3.4 out of 5

915 reviews
Photo of Ian G.
Jan 6, 2016
This is a pretty good entry level credit card because the fees are low and the acceptance rate is high. I love that this card can be used anywhere! It makes it even easier to build up your poor credit back to a point where you can start applying for cards with larger limits. The bottom line is that if you have poor credit, this is a great card to start out with. Your credit will get better with time and management!
Photo of John B.
Nov 7, 2014
This card was one of my first starting out. I had zero credit history but I was accepted anyways.

The customer service is good, the terms are reasonable enough for an entry level card. The interest rate is a bit high but as long as you're responsible with your purchases you'll be fine and won't pay extra.

Beyond that it's a pretty standard card. Reasonable grace period, normal cash advance fees. It is however a good option for travelling due to no foreign transaction fee. You do also get reward points. It's not a huge deal but still nice if you use it regularly.

All in all, a great starter card. more
Photo of Jenn L.
Aug 7, 2014
This was my first credit card and I still use it today because I never have a hassle when I use it. Definitely a good one for anyone just starting out in college.
Photo of Rebecca K.
Apr 22, 2014
very very very very good
Photo of Tess E.
Mar 17, 2014
I believe this card to be respectable and always works well with any purchase I make.
Photo of Andrew L.
Dec 6, 2013
First Progress Platinum Elite Secured Credit Card is great for people with less than satisfactory credit. I had credit issues due to unpaid health bills and First Progress was one of the first cards I could get with my credit score at that time. The APR is very high on this card, but what do you expect with bad credit. Also recently this card offered me a higher credit limit without increasing my security deposit. I did appreciate that, but I will probably get rid of this card soon because of the high APR.
Photo of Tara G.
Mar 15, 2014
I am thinking of applying to this company to build my credit. I think that your idea of using it to establish credit would be good for me also. I like the fact that the company increased your credit limit without increasing your deposit. This may be just what I need.
Photo of Anne V.
Oct 3, 2013
I wasn't too happy with this card. First off, no one told me that the due date for the card was the same for everyone, so if you get paid on a certain day of the month (yes, month... I'm only paid once a month) it might make it extremely difficult to juggle everything. I would've waited to set up the card another month to make sure that the billing would be in line. Other than that, it's a good card for rebuilding credit. My score was low, and I noticed after a quarter that it seemed to be on the mend. So if you're able to have the weird more
Photo of Connor F.
Sep 26, 2013
After using store credit cards to help me establish a bit of credit, I then decided to apply for a secured credit card. This one was the best from the research I did. At first, I did not like the fact that I had to pay 300 dollars to use it, but that's just what you have to do to start building credit so you can qualify for unsecured credit cards. The good thing is that the 300 dollar security deposit was/is refundable.

There is an annual fee of 39 dollars, but that isn't bad at all. 39 dollars is nothing in the grand scheme of things. This card did more
Photo of Corrina H.
Sep 10, 2013
The First Progress Platinum Prestige Secured Credit card is a great card for those just starting out, or trying to rebuild their poor credit rating. This is one of the cards I started out with before I qualified for unsecured credit, and it really did help my credit rating quite a bit. One of the things I like most about this one is that the security deposit is refundable, unlike some others, and that there are no monthly maintenance fees. Overall this is not a bad card to start out with compared to some others out there. I give this one a 4 out of 5 star rating.
Photo of Bryan R.
Aug 16, 2013
I really love the First Progress Platinum Elite Mastercard. It is a secured card and meant for those with mad credit, like me. This card allowed me to obtain a credit limit based on my deposit, and as I paid my bill each month I was able to get my score up. It has a very low annual fee, and no additional monthly fees like a lot of other cards charge. After using this card for over a year, I was able to get many unsecured credit card offers. I highly recommend this card to anyone out there who is having trouble getting credit or has prior problems, it will more
Photo of Nick M.
Aug 13, 2013
First Progress Platinum Elite Mastercard Credit Card is another generic secured card for beginners and people trying to get out of the hole of bad credit. You set your own deposit at a FDIC secured bank and use it, simple. Only real downside is it being a Mastercard, you're better off finding something like a Capitol One secure card, or Bank of America Secure card. I've personally used Capitol Ones, when first starting off in the credit world, works exactly the same, but its visa. Visa cards are more accepted than Mastercard in most scenarios. The only fault you could find with this card besides that is the $39/yr annual more
Photo of Harry K.
Aug 7, 2013
The First Progress Platinum Elite Secured Credit Card is not a bad card overall. It allows those with limited credit to get access to a credit card, although it does require you to make a deposit of the amount you want to be on the card which I dont like. I would prefer a card with a semi or partial secured amount. like I pay 200 and get 400 on the card.So It does have its trade offs but if your in a bind and really need to build up your credit this is a great card to start with, every month it reports to all three credit bureaus so more
Photo of Ashley B.
Aug 2, 2013
The First Progress Platinum Elite Secured Credit Card is pretty good as it has an annual fee of just $29 (most secured cards have really high annual fees). It also improves your credit by reporting to credit agencies monthly. It is quite similar to the Capital One Secured Mastercard, as it also has an annual fee of $29, but it has a higher interest rate on purchases (22.99%) compared to the First Progress amount of 19.99%. Neither of the cards offer rewards or cash back, but they are simple, do not have lots of different fees and are good choices.
+902 users submitted a rating without a full review
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Last updated on: Feb 4th, 2016 at 12:25 EST

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