First Progress Platinum Elite Mastercard has a number of benefits that will appeal to you if your search for a creditcard with many benefits is over. While this secured credit card offers numerous advantages, it has received some negative reviews because of its poor customer service, lack of rewards program, and delayed card delivery. First Progress offers three types of credit cards, the unsecured, secure, and the platinum elite.
Credit Line
First Progress Platinum Elite Mastercard is an excellent secured credit card. There is no credit check and you can choose from a range of credit lines between $200 and $2,000 depending upon your financial situation. The card reports to all three credit agencies.
Low APR
First Progress Platinum Elite Mastercard has a low annual percentage rate, making it an ideal choice for those who want to build good credit. The card comes with a full-featured feature that includes a revolving loan line and a security deposit. It also provides credit score monitoring for free. It is possible to make payments directly from your bank account. This eliminates the need for you to search for a payment vendor.
There is no rewards program
First Progress Platinum Elite Mastercard comes with no rewards program, no minimum score, and an annual fee. This secured credit card can be used by people with poor credit and limited credit histories. The minimum security deposit required to secure the card is $200. This will reduce the chance of defaulting on payments.
No intro APR offer
While the First Progress Platinum Elite Mastercard comes with an excellent no-intro APR offer, you shouldn't be surprised to see it come with a zero intro APR. Look elsewhere for the lowest APR secured card. The Platinum Elite Mastercard is a solid choice for people with less than perfect credit. No matter what credit score you have, the card can be applied for. You just need to fill out the application, deposit and then click on the Go to payment button.
No credit score is required
First Progress Platinum Elite Mastercard, a secured credit card that does not require a credit score, is a great option for those looking for one. It offers zero liability protection, rental vehicle collision damage waiver, extended warranty coverage, and no insurance fees. You also get a monthly FICO credit score for free and no foreign transaction fees.
No annual fees
First Progress Platinum Elite Mastercard requires a minimum $200 deposit to be eligible for. Your credit history may dictate that you can deposit upto $2,000 However, the annual fee of $29 is higher that most secured cards. This credit card is an excellent choice for those who want to improve credit scores.