First Progress may be the right choice for you if you are looking to get a creditcard with low interest rates, no annual fees, and no annual fees. All 50 states are eligible for this credit card. There is a $200 non-refundable deposit. You can also add up to $2,000, if needed. Your deposit can be increased at any time. First Progress must approve your request. Once you have been approved, you will receive your deposit automatically and a check within 10 week.
Low interest rates
First Progress Platinum Select Mastercard has a $200 minimum deposit. It is possible to make additional deposits and can be used to increase your credit limit to $5,000. The annual fee of $39 is fairly low, and it offsets the higher APR.
The First Progress Platinum Select Mastercard is a full-featured card with low interest rates. It comes with a refundable safety deposit and reports to the major credit bureaus monthly. You will establish a new credit record if you pay all of the payments on time. After six months, your credit score will improve and you will be eligible for a second credit card.
No sign up bonus
Consider the fees and options available to you when selecting a credit-card. First Progress offers the Platinum Prestige Mastercard® secured card. The card has a $10 cash advance fee if you withdraw cash from it. In addition, the card charges a 3% foreign transaction fee. The card also has a $29 late payment penalty if you fail to make a payment within six months.
It is available to people who are building their credit, even though it does not offer any sign up bonus or rewards. First Progress Platinum Select Mastercard Secured Card does not offer a sign up bonus. However, it reports monthly payments to major credit bureaus. This helps you re-establish good credit and improve your credit history. First Progress Platinum-series Mastercards come with $0 fraud coverage and ongoing credit surveillance. This credit card is accepted worldwide and has an online and mobile app to manage your account.
There is no annual fee
There is an annual fee for the First Progress Platinum Prestige card. However, this card has other fees. Late payments can result in a $29 charge. There will be an additional $40 charge if you are late on more than six payments. This isn’t a significant issue but it is something to consider before signing up.
First Progress does not require you to submit credit scores before they approve your application. The issuer of credit cards will usually check your credit report with major credit bureaus before you apply. This is called hard inquiry. It can lower you score by a few points, and will stay on credit report for at least two years. Since First Progress doesn't do hard credit checks, you can rest assured that your credit will be okay. First Progress requires you to make a deposit as a security measure to guard against any defaults.
All 50 States: Available for people
First Progress Secured Credit Card is a revolving credit line that is based on a security deposit. It is accepted by most countries and has no minimum credit score requirements. The annual credit card fee is $29 and includes foreign transaction charges. Customers can apply online for a credit card and receive it within 2 to 3 business days.
First Progress secured cards require applicants to provide basic identification information, such as their income and financial obligations. The applicant must also be able and able to deposit a security deposit. First Progress will not run a hard credit report, which can affect your score. In addition, if you don't have a credit history, the card issuer won't conduct an inquiry. The approval process typically takes between two and three weeks. The security deposit is used to protect the lender against losses in case of default.
No hidden charges
First Progress is a credit provider that offers fully-featured accounts along with a revolving loan line. This credit line is based on the security deposits. Customers who sign up for the card must have a bank account, which saves them the expense of using separate payment vendors. Another benefit is that customers can pay their monthly bills via their bank account.
The First Progress Mastercard is a fully-featured card. This card allows consumers establish credit and to pay their bills on-time. It reports monthly to all three credit bureaus. After six months, the company offers its customers a second credit line.