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First Progress Platinum Elite Mastercard Secured Credit Card

in Personal Credit Cards

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First Progress Platinum Elite Mastercard Secured Credit Card

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in Personal Credit Cards

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6 users are unsure
5 users don't recommend
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Overview

Who is this credit card designed for?

First Progress Platinum Elite Mastercard Secured Credit Card is a secured credit card issued by Synovus Bank, which is based in Columbus, GA.  Secured cards are a type of credit card that is backed by a secured payment, which is used as collateral. These cards are often used by borrowers with poor credit or little credit history to help build their credit.

First Progress Platinum Elite Mastercard Secured Credit Card is designed for people with a credit score of 300 to 640.

This card has a credit limit of $2000. Synovus Bank is one of the few credit card issuers that allows applicants to include a cosigner, which improves the approval chances of people with not-so-great credit.

What are the relevant APRs?

First Progress Platinum Elite Mastercard Secured Credit Card has a variable purchase APR of 20.24%.

It also has a variable cash advance APR of 25.24%.

Is an introductory APR offer available?

No, First Progress Platinum Elite Mastercard Secured Credit Card does not come with an introductory APR offer for balance transfers.

First Progress Platinum Elite Mastercard Secured Credit Card does not offer an introductory rate on new purchases.

What are the fees?

The following fees apply to First Progress Platinum Elite Mastercard Secured Credit Card:

  • An annual fee of $29. Make sure the rewards and benefits of this card justify the cost of the annual fee.
  • A late payment penalty of $38.
  • A returned payment fee of $27.
  • A foreign transaction fee of 3%. Transactions in a foreign currency get hit with a 3% fee. For example, if you buy a $1,000 flight in euros, you will pay a foreign transaction fee of $30.

Is a rewards program offered?

No, First Progress Platinum Elite Mastercard Secured Credit Card does not offer a rewards program.

Is a signup bonus offered?

First Progress Platinum Elite Mastercard Secured Credit Card doesn't offer a cash signup bonus.

Is an annual loyalty bonus offered?

First Progress Platinum Elite Mastercard Secured Credit Card doesn't offer a cash loyalty bonus.

Does First Progress Platinum Elite Mastercard Secured Credit Card report your account activity to credit bureaus?

First Progress Platinum Elite Mastercard Secured Credit Card reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 46 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wyoming

Feature Breakdown

Grace Period for Late Payment (Days) 25
Late Payment Penalty $38
Returned Payment Fee $27
Minimum Interest Charge $1.50
Annual Fee $29
Foreign Currency Transaction Fee 3%
Minimum Age 18
Co-signing Allowed  
Credit Score Range 300 - 640
850 300 640
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type Personal
Purchase APR (Variable APR) 20.24%
Cash Advance APR (Variable APR) 25.24%
Balance Computation daily balance
Credit Limit 2000

Reviews

 
 

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