Features

Who is the First Progress Platinum Prestige MasterCard Designed For?

The First Progress Platinum Prestige MasterCard is designed for people with bad or no credit who want to improve their credit score and have at least $300 in cash for the security deposit. It could also be an option for people who want the convenience and security of shopping with plastic but don't want a credit card.

This is a secured credit card, which means its line of credit is based on the security deposit placed by the cardholder. The minimum security deposit is $300 and must remain in an account at Synovus Bank for as long as the secured MasterCard account is open. The security deposit of the Platinum Prestige MasterCard doesn't earn any interest, which is something other secured cards do offer.

What are the Interest Rates?

The First Progress Platinum Prestige MasterCard has a 11.99% APR on purchases. This is low compared to other secured credit cards, but it's still a lot of interest to pay on a loan that is backed dollar for dollar with your own cash. There is also and 18.99% APR on cash advances.

What Are the Fees?

The Platinum Prestige MasterCard has a $44 annual fee. It also charges a 3% fee on foreign transactions and a 3% fee on cash advances with a minimum of $10. Late payments incur a $37 fee and returned payments cost $26.

What Is the Rewards Program Like?

This card has no rewards program. Its purpose is to build your credit so you can qualify for, among other things, credit cards with rewards programs.

What about the Signup Bonus?

There is no sign up program linked with this card.

Any Other Benefits?

There are no additional benefits to using this card.

How Is It Better Than Other Credit Cards?

The First Progress Platinum Prestige MasterCard is available to everyone regardless of their credit. It reports the payment activity on the card to the national credit bureaus, which over time and when used responsibly can improve the credit score of cardholders. This card has an initial maximum credit limit of $2,000. After some time, members can request a larger credit limit of up to $5,000.

Important Disclosures: https://www.firstprogress.com/lib/pdfs/app_important_disclosures_prestige.pdf

  • Card Type
    Balance Transfer Secured
  • Customer Type
    Personal
  • Card Network
    Mastercard
  • Minimum Age
    18
  • Co-signing Allowed
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Free FICO Score
  • Lost Luggage Insurance
  • Travel Insurance
  • Air Miles
  • Cashback
  • Points
  • Purchases APR
    11.99% - %
  • Balance Transfer APR
    11.99%% - %
js-table-filter bizname-first-progress-platinum-elite-mastercard-secured-credit-card
29
js-table-filter ccard-type-138
19.99
js-table-filter card-type-11
js-table-filter credit-required-132
js-table-filter credit-required-113

Est. 2011

Annual Fee $29
Card Type Secured
Purchases APR 19.99%
073
js-table-filter bizname-first-progress-platinum-prestige-mastercard-secured-credit-card
js-table-filter air-miles-136
44
js-table-filter ccard-type-137
js-table-filter ccard-type-138
11.99
js-table-filter card-type-11
js-table-filter credit-required-132
js-table-filter credit-required-113

Est. 2011

  • Air Miles
Annual Fee $44
Card Type Balance Transfer
Card Type Secured
Purchases APR 11.99%
Balance Transfer APR 11.99%%
006
js-table-filter bizname-first-progress-platinum-select-mastercard-secured-credit-card
39
js-table-filter ccard-type-137
js-table-filter ccard-type-138
14.99
js-table-filter card-type-11
js-table-filter credit-required-132
js-table-filter credit-required-113

Annual Fee $39
Card Type Balance Transfer
Card Type Secured
Purchases APR 14.99%
Balance Transfer APR 14.99%%
000
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