First Progress is a credit card that offers low interest rates and has no annual fees. It is open to residents of all 50 US states. It has a $200 refundable deposit and allows you to add up to $2,000 if you need to. The deposit can be increased at anytime, but First Progress must first approve. After approval, your deposit will be automatically credited and you will receive a check in 10 weeks.
Low interest rates
First Progress Platinum Select Mastercard has a $200 minimum deposit. You can also deposit more money, up to a credit limit maximum of $5,000. The annual fee of $39 is fairly low, and it offsets the higher APR.
The First Progress Platinum Select Mastercard has all the features you need and low interest rates. It comes with a monthly report to the three major credit agencies. You'll build a credit history if you make all your payments on-time. After six consecutive on-time payments, you'll be eligible to upgrade your credit card.
There is no sign-up bonus
Consider the fees and options available to you when selecting a credit-card. First Progress offers a Platinum Prestige Mastercard(r), secured card. The card has a $10 cash advance fee if you withdraw cash from it. The card also charges a 3% foreign transaction fees. Moreover, the card has a late payment penalty of up to $29 if you miss a payment more than once within a six-month period.
It is available to people who are building their credit, even though it does not offer any sign up bonus or rewards. First Progress Platinum Select Mastercard Secured Card doesn't offer a sign-up bonus. Instead, the card reports monthly payments at major credit bureaus to help you rebuild your credit score and improve your credit history. Other benefits of First Progress platinum-series Mastercards include $0 fraud liability and ongoing credit monitoring. The credit card can be used worldwide. You can manage your account online or via a mobile app.
No annual fee
Although there is no annual fee with the First Progress Platinum Prestige credit card, there are other fees associated with this card. If you are late with your first payment, you will be charged $29 For every six missed payments, an additional $40 will be due. This is not a deal-breaker but something you need to be aware of before signing up.
First Progress is a credit card that doesn't require you to submit a credit score before they approve your application. Usually, when you apply for a credit card, the issuer will check your credit with the major credit bureau. 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 won't perform hard credit checks. You can rest assured that your credit report will be fine. First Progress requires you to make a deposit as a security measure to guard against any defaults.
All 50 US states are eligible
First Progress Secured Credit Card is a revolving credit line that is based on a security deposit. The card does not have a minimum credit score and can be accepted in most countries. Foreign transaction fees are included in the $29 credit card fee. Customers can apply online to receive their credit card in two to three days.
To apply for a First Progress secured card, applicants must provide basic identity information about their monthly income and financial obligations. The applicant must also be able and able to deposit a security deposit. First Progress does not do a hard credit check. This can cause damage to your credit score. In addition, if you don't have a credit history, the card issuer won't conduct an inquiry. The approval process typically takes between two and three weeks. The security deposit serves to protect the lender in case of default.
No hidden charges
First Progress is a credit provider that offers fully-featured accounts along with a revolving loan line. This credit line is based on the security deposits. Customers who sign up for the card must have a bank account, which saves them the expense of using separate payment vendors. Another benefit to customers is the possibility of paying their monthly bill from their bank accounts.
The First Progress Mastercard, a fully-featured credit card, is available. This card allows you to build credit and pay your bills on time. It also reports to each of the three credit bureaus every monthly. It also offers its customers a second card after six months of regular payments.