The First Progress Platinum Elite Mastercard Secured Credit Card is a practical solution for individuals looking to build or rebuild their credit. Whether you’re just starting your financial journey or recovering from credit challenges, this card gives you the opportunity to demonstrate responsible use and unlock better credit opportunities over time.
This card comes with a range of essential features designed for ease, security, and reliability. With nationwide acceptance, monthly reporting to all three major credit bureaus, and no minimum credit score required, the First Progress Platinum Elite Mastercard stands out as a powerful first step toward better credit.
Build Credit While Managing Your Spending
Unlike traditional credit cards, the First Progress Platinum Elite Mastercard is a secured card. This means your credit limit is based on a refundable security deposit, making it ideal for individuals with no credit history or past credit issues. The card reports monthly to Experian, Equifax, and TransUnion, giving you a chance to steadily improve your score with responsible usage.
There’s no penalty rate, and responsible use can help you qualify for other credit products over time. The card can be used wherever Mastercard is accepted, both online and in-store, offering the convenience of a regular credit card.
No Rewards Program, But Valuable Credit-Building Support
While this card does not feature a traditional rewards program such as cashback or points, the reward lies in the long-term benefit of building strong credit. That said, the First Progress Platinum Elite Mastercard does provide value by focusing on affordability, simplicity, and credit reporting—features that benefit credit-conscious consumers more than short-term rewards.
Competitive Introductory APR for Balance Transfers
The First Progress Platinum Elite Mastercard offers an introductory APR of 19.24% (variable) on purchases. This is lower than many unsecured cards for those with poor credit, helping cardholders manage their expenses more effectively while establishing credit.
Keep in mind, there is no 0% intro APR, but the competitive rate still makes this card a useful tool for everyday purchases and responsible credit building. It also doesn’t penalize you with a higher rate if you miss a payment—though staying on track is always best.
Practical Financial Tools for Smarter Management
Although this card doesn’t come with a suite of digital tools, cardholders can manage their account online 24/7. This includes:
- Viewing recent transactions
- Making payments
- Accessing account statements
- Setting up payment alerts
Additionally, you can monitor your credit progress over time by accessing your credit report through major bureaus. These features make it easier to stay on top of your credit-building goals.
Simple Technology That Works for You
While the First Progress Platinum Elite Mastercard may not offer a dedicated mobile app or contactless payment functionality, it does support online account management through a secure web portal. This lets you:
- Track your balance
- Set up recurring payments
- Manage your payment schedule
Even without advanced features, the account interface is simple and user-friendly, allowing you to stay organized and reduce the risk of missed payments.
Security Features You Can Count On
Your financial security matters, and this card provides:
- Zero Liability Protection: You’re not responsible for unauthorized transactions
- EMV chip technology: Adds an extra layer of protection at point-of-sale
- Account alerts: Help you keep track of purchases and payments
These protections offer peace of mind, especially for individuals new to credit who may be worried about fraud.
Key Terms and Conditions
Understanding your card’s terms is essential. Here’s a quick summary:
- APR for Purchases: 19.24% (variable)
- Annual Fee: $29
- Foreign Transaction Fee: 3%
- Penalty APR: None
- Minimum Security Deposit: $200 (refundable)
- Credit Limit: Equal to your security deposit (up to $2,000)
Tip: To get the most from your secured card, pay off your balance in full each month to avoid interest and demonstrate positive credit behavior.
Who Can Apply?
You may be eligible for the First Progress Platinum Elite Mastercard if you:
- Are at least 18 years old (or 19 in certain states)
- Have a valid Social Security Number or ITIN
- Have a U.S. address
- Can fund a refundable security deposit of at least $200
- Do not currently have an active First Progress account
No minimum credit score or credit history is required to apply.
How to Apply
Applying is simple:
- Visit the official First Progress website.
- Choose the Platinum Elite Mastercard option.
- Complete the online application form with your personal and financial details.
- Fund your security deposit (minimum $200).
- Submit your application and wait for approval.
Once approved, your card will be mailed to you, and you can begin using it immediately after activation.
