First Progress is a credit card that offers low interest rates and has no annual fees. All 50 states are eligible for this credit card. You can add up to $2,000 to your account and deposit $200. You can increase the amount of your deposit at any moment, but First Progress must be approved first. Once your approval is granted, you will receive the deposit immediately and a check within ten weeks.
Low interest rates
First Progress Platinum Select Mastercard has a $200 minimum deposit. However, it's possible to deposit more, and you can work up to a credit limit of $5,000. It's relatively affordable at $39 and helps offset the higher APR.
The First Progress Platinum Select Mastercard is a full-featured card with low interest rates. It comes with a refundable safety deposit and reports to the major credit bureaus monthly. You will establish a new credit record if you pay all of the payments on time. Plus, you'll be able to upgrade to a second credit card after six months of on-time payments.
Sign-up bonus not available
Consider the fees and options available to you when selecting a credit-card. First Progress offers the Platinum Prestige Mastercard® secured card. When you withdraw cash using this credit card, there is a $10 cash advance charge. The card also charges a 3% foreign transaction fees. You can also be subject to a $29 penalty for late payments if you are behind on your payments more than once in six-months.
The credit card doesn't offer any rewards or sign-up bonuses, but it is a great choice for people who are looking to improve their credit. First Progress Platinum Select Mastercard Secured Card does not offer a sign up bonus. However, it reports monthly payments to major credit bureaus. This helps you re-establish good credit and improve your credit history. The First Progress Platinum-Series Mastercards offer $0 in fraud liability and continuous credit monitoring. This credit card accepts worldwide. The app can be used to manage your account online as well as on mobile.
No annual charge
The First Progress Platinum Prestige creditcard does not charge an annual fee. However there are some fees. If you delay your first payment, for example, you may be charged up $29 You'll be charged an additional $40 if you miss more than six consecutive payments. Although this is not a major issue, it is something you should keep in mind when signing up.
First Progress is a credit card that doesn't require you to submit a credit score before they approve your application. When you apply for credit cards, most issuers will verify your credit history with the major credit bureaus. This is called a "hard inquiry" and can reduce your score by a few point and remain on your credit reports for two years. First Progress does not do hard credit checks so you can be sure that your credit is fine. First Progress uses a security deposit instead to protect your account from any defaults.
All 50 States: Available for people
First Progress secured credit is a credit card that allows you to revolve credit. It works on the security deposit. This card is accepted in most countries and does not require a minimum credit score. The credit card fee is $29 per year and includes foreign transaction fees. Customers can apply online for a credit card and receive it within 2 to 3 business days.
To apply for a First Progress secured card, applicants must provide basic identity information about their monthly income and financial obligations. They should also be able to provide a security deposit. First Progress will not run a hard credit report, which can affect your score. The card issuer will not conduct an inquiry if you don’t have any credit history. The approval process typically takes between two and three weeks. The security deposit is used to protect the lender against losses in case of default.
No hidden charges
First Progress is a credit card provider that offers full-featured accounts with a revolving credit line based on the security deposit. Customers must have a bank accounts in order to sign up for the card. This allows them to avoid paying separate payment vendors. Customers can pay their monthly bill via their bank account, which is another benefit.
The First Progress Mastercard credit card is fully-featured. This card allows you to build credit and pay your bills on time. It also reports to all three credit bureaus every month. After six months, the company offers its customers a second credit line.