First Progress Platinum Elite Mastercard Secured Review

This card is not just a tool for improving your credit score; it's a gateway to a world of financial opportunities

Get ready to elevate your credit-building journey with the First Progress Platinum Elite Mastercard Secured! With its secured nature and exceptional benefits, the First Progress Platinum Elite Mastercard is designed to help you manage your finances effectively while building a solid credit foundation.

Imagine the excitement of watching your credit score rise as you use a card that offers both security and rewards. The First Progress Platinum Elite Mastercard Secured combines the best of both worlds, providing you with the financial tools you need to succeed while offering valuable perks that enhance your spending experience. Start building a stronger financial future today with this outstanding secured credit card!

First Progress Platinum Elite Mastercard Secured Benefits

• Build Credit with Confidence: The First Progress Platinum Elite Mastercard Secured is your reliable partner in building or rebuilding your credit. With every responsible use and on-time payment, you work towards improving your credit score, setting you up for financial success. It’s an empowering tool that supports your journey toward a healthier credit profile.
• Low Annual Fee: Enjoy the benefits of this card with a minimal annual fee, making it a cost-effective choice for those looking to manage their finances without breaking the bank. This low fee ensures that you can focus on building your credit without worrying about high costs.
• Secured Credit Limit: Your secured credit limit is based on the amount of your refundable security deposit, allowing you to control your spending and credit limit. This flexibility ensures that you can manage your finances responsibly while building your credit, with credit limits ranging from $200 to $2000.
• Easy Online Access: Stay on top of your financial management with easy online access to your account. Monitor transactions, check your balance, and manage your payments from the convenience of your computer or mobile device, ensuring that you’re always in control of your financial health.
• Monthly Reporting to Credit Bureaus: The First Progress Platinum Elite Mastercard Secured reports your account activity to all three major credit bureaus. This regular reporting helps ensure that your responsible credit use contributes to improving your credit score, giving you the credit-building benefits you need.
• No Foreign Transaction Fees: Travel with confidence knowing that this card does not charge foreign transaction fees. Use your card internationally without worrying about extra charges, making it a great companion for your global adventures.
• Fraud Protection: Benefit from advanced fraud protection features that keep your financial information secure. Enjoy peace of mind knowing that your card is equipped with measures to protect against unauthorized transactions.
• Flexible Payment Options: Choose from a variety of payment options that fit your schedule and preferences. Whether you prefer online payments, automatic payments, or other methods, managing your account is simple and convenient.
• Customer Support: Access dedicated customer support whenever you need assistance. The First Progress team is available to help with any questions or concerns, providing you with the support you need to make the most of your card.
• Credit Building Tips: Receive helpful tips and resources designed to support your credit-building efforts. The First Progress Platinum Elite Mastercard Secured offers guidance to help you make the most of your credit journey.
• Bankruptcy Forgiveness: In the event of financial hardship, the card offers bankruptcy forgiveness options, helping you get back on track without the added stress of past financial difficulties.
• No Minimum Credit Score Required: You don’t need a minimum credit score to apply for this card. It’s designed to be accessible to a wide range of individuals looking to build or rebuild their credit.
• Credit Score Improvement: Cardholders who maintain a low balance and pay their credit card bill on time each month often see an increase in their credit score. Responsible use of the card is a proven way to improve your credit profile.

Who Can Apply

The First Progress Platinum Elite Mastercard Secured is available to individuals who meet certain criteria. Applicants typically need to be at least 18 years old, have a valid U.S. address, and meet the credit and income requirements set by the card issuer. This card is ideal for those looking to build or rebuild their credit with a secured credit card.

How to Apply

1. Check Eligibility: Ensure you meet the age, residency, and credit requirements.
2. Complete the Application: Fill out the online application form with your personal and financial information.
3. Submit a Security Deposit: Provide a refundable security deposit, which will determine your credit limit.
4. Wait for Approval: Receive notification of your application status and card approval.
5. Receive Your Card: Once approved, you will receive your First Progress Platinum Elite Mastercard Secured and can start using it.

Frequently Asked Questions

1. What is a secured credit card?
   • A secured credit card requires a refundable security deposit that serves as collateral. This deposit typically determines your credit limit and helps you build or rebuild your credit.
2. How does the security deposit work?
   • The security deposit is held by the issuer and acts as your credit limit. If you use the card responsibly, your deposit remains intact. If the card is closed or if there are any unpaid balances, the deposit may be used to cover those amounts.
3. What is the annual fee for the First Progress Platinum Elite Mastercard Secured?
   • The annual fee is relatively low, making it an affordable option for those looking to build their credit. Check the card’s terms for the exact fee amount.
4. How can I check my credit score with this card?
   • While the card itself does not provide access to your credit score, you can monitor your score through credit bureaus or financial services that offer credit score tracking.

EDITORIAL NOTE: Dear reader, we would like to inform you that the First Progress Platinum Elite Mastercard Secured is no longer being issued, according to the bank, but it is still valid for purchases.