First Progress Platinum Prestige Mastercard® Secured Credit Card

Credit Card

Review

First Progress Platinum Prestige Mastercard® Secured Credit Card Review: A Revolutionary Card for Building Your Credit

The First Progress Platinum Prestige Mastercard® Secured Credit Card is a revolutionary product for individuals looking to build or improve their credit score. Unlike many other secured credit cards that come with high interest rates, the First Progress Platinum Prestige Mastercard offers a low annual percentage rate (APR), making it a great option for those who are looking for a credit-building card that won’t break the bank.

Benefits of the First Progress Platinum Prestige Mastercard®

Secured Credit Card

The First Progress Platinum Prestige Mastercard® Secured Credit Card is a secured credit card, which means that you’ll need to provide a security deposit ($200) to the bank to get started. This secures your line of credit and allows you to take advantage of the various benefits of this product.

Enhanced Card Reporting

One of the biggest benefits of this card is that it reports to the three major credit bureaus – Experian, Equifax, and TransUnion – which means that your payment history and credit utilization ratio will be reported each month. This, in turn, allows you to build or improve your credit score quickly and efficiently.

Worldwide Acceptance

Another benefit of the First Progress Platinum Prestige Mastercard® Secured Credit Card is that it’s accepted worldwide. Whether you’re traveling abroad or simply shopping online, you can use this card to make purchases anywhere that Mastercard® is accepted. This makes it a great card to have if you’re looking to build your credit while enjoying some of life’s luxuries.

Pros and Cons

As with any credit card, there are advantages and disadvantages to consider. The First Progress Platinum Prestige Mastercard® Secured Credit Card is no exception.

Pros:

• A low APR (15.24 percent variable APR) makes it an affordable option for those who are looking to build their credit.
• It reports to all three major credit bureaus, which means that your credit score will benefit from responsible use.
• Worldwide acceptance makes it a great travel card.
• The application process is straightforward and easy.

Cons:

• There is an annual fee ($49) associated with the card.
• You will need to provide a security deposit (a minimum of $200 up to $2000) to get started.
• Although the card offers a reasonable credit limit, it may not be high enough for those with larger expenses.
• Not everyone is guaranteed approval, as credit checks will be performed.

Features – First Progress Platinum Prestige Mastercard® Secured Credit Card

The First Progress Platinum Prestige Mastercard® Secured Credit Card is an excellent choice for individuals with poor credit or no credit history. This secured credit card offers many features and benefits that are advantageous for those looking to build their credit score. In this article, we will discuss the top features of the First Progress Platinum Prestige Mastercard® Secured Credit Card in detail.

Auto Rental Insurance

One of the primary benefits of this secured credit card is that it offers Auto Rental Insurance. Many credit cards provide rental car coverage, but this feature is particularly crucial for those without a lot of disposable income. This insurance can save you money if an accident were to occur while driving a rental car.

Cashback Rewards

Another feature of this card is Cash Back. Many credit cards offer cash-back rewards, but the First Progress Platinum Prestige Mastercard® Secured Credit Card provides cash-back rewards on every purchase. This reward system can help you save money and increase your credit score while making everyday purchases.

EMV Utilization

The card’s utilization of EMV (Europay, Mastercard and Visa) is an essential feature to consider. With its advanced security chips, this technology has become the gold standard for credit cards worldwide. The First Progress Platinum Prestige Mastercard® Secured Credit Card includes this feature, making it a secure option for users.

No Credit History Required

Having no credit history or poor credit can be an obstacle to obtaining a credit card. However, the First Progress Platinum Prestige Mastercard® Secured Credit Card is issued using a security deposit, so anyone can apply and get approved for it, regardless of their credit situation.

Price Protection

Price Protection is another feature offered by the First Progress Platinum Prestige Mastercard® Secured Credit Card. If you purchase an item and find it at a lower price later, you can file a claim to get the difference refunded. This feature shows that the card issuer values its customers’ satisfaction.

Rewards Points

A Rewards program is yet another benefit that users get with the First Progress Platinum Prestige Mastercard® Secured Credit Card. You can earn one point for every dollar spent, which can accumulate quickly and be used to redeem for shopping vouchers, gifts, and even airline miles.

Secured Credit Card

As a secured credit card, the First Progress Platinum Prestige Mastercard® offers many benefits to its users, including helping those with poor credit or no credit history to improve their credit score. With Zero Fraud Liability, the cardholder is not liable for any unauthorized charges. This protection ensures that users will not have to pay for fraudulent or unauthorized purchases made with their card.

To sum up, the First Progress Platinum Prestige Mastercard® Secured Credit Card is an excellent option for those looking to build or improve their credit score. Its many features and benefits, such as Auto Rental Insurance, Cash Back, EMV technology, No Credit History, Poor Credit, Price Protection, Rewards, Secured credit card, and Zero Fraud Liability make it an attractive choice for people of all credit levels.

Credit Score Needed for Approval

Unlike many credit cards that require a specific credit score for approval, the First Progress Platinum Prestige Mastercard® Secured Credit Card does not have a set minimum credit score. However, it’s recommended that you have a fair credit score or better to increase your chances of approval.

Approval Process

The approval process for the First Progress Platinum Prestige Mastercard® Secured Credit Card is easy and straightforward. You’ll need to provide basic personal and financial information, as well as your social security number and employment information. The bank will then conduct a credit check to determine your eligibility.

Card Limit

As for the card limit, the amount you can borrow will depend on the amount of your security deposit. The minimum security deposit is $200, and the maximum is $2,000. Your credit limit will be equal to, or slightly higher than, the amount of your deposit.

Rewards Rate

First Progress Platinum Prestige now offers 1% cash back on payments made to credit card balances and is a perfect choice for building credit, as rewards are linked to good credit habits like timely payments.

How to Earn Cash Back

You’ll earn 1% cash back in the form of reward points when making credit card payments with First Progress Platinum Prestige. So, you’ll get rewards by paying off credit card, not by making purchases. It is an ideal way to build credit while earning rewards

How to Redeem Rewards

With the First Progress Platinum Prestige, cardholders can redeem their rewards for a statement credit, and a minimum of 500 rewards points or $5 is required to take advantage of this benefit. Redeeming points provides a statement credit against the card balance.

Potential to Build or Improve Credit

One of the main selling points of the First Progress Platinum Prestige Mastercard® Secured Credit Card is its potential to help you build or improve your credit score. Since this card reports to all three major credit bureaus each month, responsible use can quickly raise your score over time. This is especially true if you keep your balance low, make payments on time, and use the card responsibly.

Credit Reporting

As mentioned earlier, the First Progress Platinum Prestige Mastercard® Secured Credit Card reports to all three major credit bureaus each month. This means that you can easily check your credit score and see the progress you’ve made.

Easy Application Process

The application process for the First Progress Platinum Prestige Mastercard® Secured Credit Card is easy and straightforward. You can apply online in minutes, and you’ll get a response quickly. Once you’re approved, you’ll receive your card in the mail, and you can activate it right away.

Rates and Fees

The First Progress Platinum Prestige Mastercard® Secured Credit Card comes with an annual fee of $49.

Other Low APR Credit Cards

• Mastercard® Black Card™
• Costco Anywhere Visa® Business Card by Citi
• Alaska Airlines Visa® Business Credit Card

Apply: Visit First Progress Platinum Prestige Mastercard® Secured Credit Card