First Progress Platinum Prestige Mastercard® Secured Credit Card

First Progress Platinum Prestige Mastercard® Secured Credit Card Review

The First Progress Platinum Prestige Mastercard® Secured Credit Card is a low-interest option ideal for those who want to build their credit. This review will discuss the pros and cons of this card, so stick around if you are interested in having more information before making any big financial decisions.

Highlights

• Earn 1% Cash Back Rewards on every payment!
• $49 Annual Fee is applicable
• Low interest at 15.24% APR variable
• Reports to all three major credit bureaus
• Get the credit line you want, from $200 to $2000, based on your security deposit.
• Boost your credit score by reporting to all 3 credit bureaus.
• No need for a minimum credit score—approval is possible for everyone!
• Keep your balance low and pay on time to watch your credit score rise!

Features of the First Progress Platinum Prestige Mastercard® Credit Card

In today’s world, where credit cards have become a necessity, having a good credit score is essential for financial success. However, it can be difficult to obtain a credit card if you have no credit history or poor credit. That is where a secured credit card comes in handy, and the First Progress Platinum Prestige Mastercard® Secured Credit Card is one of the best options available on the market. Let’s discuss the features and benefits of this card.

No Credit History Required

The First Progress Platinum Prestige Mastercard® Secured Credit Card is an excellent option for people who have no credit history or a poor credit score. It is a secured credit card, which means you need to make a security deposit to get approved. This security deposit is fully refundable, and it acts as collateral in case you default on your payments. Moreover, you can use the card as any other credit card, and your payment history will be reported to the three credit bureaus, which can help you build your credit score.

Rewards

One of the best features of the First Progress Platinum Prestige Mastercard® Secured Credit Card is its rewards program. You can earn one point for every dollar spent on purchases, and these points can be redeemed for cash back, merchandise, and travel rewards. Additionally, the card offers a generous sign-up bonus, which can help you kick-start your rewards earnings.

Auto Rental Insurance

Another great benefit of the First Progress Platinum Prestige Mastercard® Secured Credit Card is its auto rental insurance. This feature offers coverage against physical damage and theft of a rental car when you use your card to pay for the rental fees. It is an excellent way to save money on car rental insurance and ensure peace of mind while traveling.

Price Protection

The card also offers price protection, which means that if you find a lower price for a purchase you made with your card within 60 days, you can get a refund for the price difference. It is an excellent way to ensure you get the best deal on your purchases.

EMV Utilization

The First Progress Platinum Prestige Mastercard® Secured Credit Card uses EMV chip technology, which provides an added layer of protection against fraud and unauthorized transactions. It also makes it easy to use the card for international transactions, as many countries have already adopted this technology.

Zero Fraud Liability

The card comes with zero fraud liability, which means that if your card is lost or stolen, you will not be held responsible for any unauthorized charges. It is an excellent way to protect yourself against identity theft and fraudulent activity.

In conclusion, the First Progress Platinum Prestige Mastercard® Secured Credit Card is an excellent option for people who have no credit history or poor credit. Its features and benefits make it an attractive choice for those who want to build or rebuild their credit score. With rewards, auto rental insurance, price protection, EMV utilization, and zero fraud liability, this card offers many advantages that make it worth considering.

First Progress Platinum Prestige Mastercard® Credit Score Needed

Your credit score isn’t a hindrance when applying for the First Progress Platinum Prestige Mastercard® Secured Credit Card, as you don’t require any credit history to apply. However, there’s a need to have a deposit to back your credit limit based on the amount you want to maintain.

Approval

With the First Progress Platinum Prestige Mastercard®, your credit score isn’t the primary basis for approval. However, you need to present a deposit ($200-$2000) as a security deposit to get the card approved.

Card Limit

The card limit will be based on your initial deposit, gaining higher credit limits as long as you make timely payments.

Rewards Rate

The First Progress Platinum Prestige card offers 1 percent cash back when you pay your balance, which encourages you to establish good credit habits like paying bills on time.

How You Earn

The First Progress Platinum Prestige rewards customers with cash back of 1% every time they make a credit card payment, which encourages customers to pay off their credit cards or loans rather than purchase more items with it. This is an incentive for customers who are interested in building their credit.

How to Redeem

First of all, you need to earn rewards with the First Progress Platinum Prestige, and a minimum of 500 points or $5 worth of earnings is needed to redeem points for a statement credit towards your card balance.

Potential to Build or Improve Your Credit Score

First Progress Platinum Prestige Mastercard® Secured Credit Card is one of the best credit cards to improve or establish your credit score. With on-time payments and a low credit utilization rate, your credit score improves over time.

Credit Reporting

First Progress Platinum Prestige Mastercard® Secured Credit Card reports your payment history to all three major credit bureaus, which helps to establish and improve your credit score.

Worldwide Acceptance

First Progress Platinum Prestige Mastercard® is accepted worldwide, making it an excellent option for travel and online purchases.

Easy Application Process

The First Progress Platinum Prestige Mastercard® application process is simple, taking a few minutes to complete. You can apply online or via application form, and the card usually arrives within seven to ten days.

Rates and Fees

The card has an annual fee of $49, which is relatively low when compared to other secured credit cards, and the APR is at a low rate of 15.24% variable.

First Progress App available on the Apple App Store

You can check your First Progress application status, activate your card, login to your account, make payments, and more using the First Progress App available on the Apple App Store.

How to Apply Online

To apply online, please visit: First Progress Platinum Prestige Mastercard® Secured Credit Card

Is the First Progress Platinum Prestige Worth It?

Yes. First Progress Platinum Prestige Mastercard® Secured Credit Card is a great low-interest card that not only benefits those with a low credit score but also those who seek financial responsibility. With timely payments and low credit utilization, you can establish and improve your credit score, enhance your purchasing power, and enjoy the benefits of a credit card without high interest rates and hidden fees.