First Progress Platinum Elite Mastercard® Secured Credit Card Review

First Progress Platinum Elite Mastercard® Secured Credit Card is a secured credit card credit card issued by Synovus Bank. If you're wondering whether First Progress Platinum Elite Mastercard® Secured Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 19.99%
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Accepts cosigners. Synovus Bank is one of the few credit card issuers that allows applicants to include a cosigner. Adding a cosigner can really improve your approval chances if your credit is not great.
• Secured card. This card requires a refundable deposit before you qualify for a line of credit. These cards are often used to improve the credit of people with poor credit or little credit history.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still qualify.

The Good	The Bad
Considers applicants with fair or poor credit. First Progress Platinum Elite Mastercard® Secured Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. Charges an annual fee of $29 Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Does not include many credit card benefits.

Is there a First Progress Platinum Elite Mastercard® Secured Credit Card cash back or rewards program?

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

What are the relevant APRs for First Progress Platinum Elite Mastercard® Secured Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. First Progress Platinum Elite Mastercard® Secured Credit Card has higher than average purchase APRs.

First Progress Platinum Elite Mastercard® Secured Credit Card has a variable purchase APR of 19.99%. It also has a variable cash advance APR of 24.99% .

What are the fees for First Progress Platinum Elite Mastercard® Secured Credit Card?

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

First Progress Platinum Elite Mastercard® Secured Credit Card Fees

Fees	Amount
Annual Fee	$29
Foreign Transaction Fee	3%
Returned Payment Fee	up to $29
Late Payment Fee	up to $40

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

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

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for First Progress Platinum Elite Mastercard® Secured Credit Card

• Visit the First Progress Platinum Elite Mastercard® Secured Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.