First Progress Platinum Elite Mastercard Review (Updated: MAY 13, 2019)

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Reviewed by:
Rating:
4
On August 7
Last modified:October 11

Summary:

Compare First Progress Platinum Elite Mastercard with similar card offers, read reviews and see if it matches your current needs and lifestyle.

(Updated May 13, 2019)

It’s easy to apply for the First Progress Platinum Elite Mastercard. It’s a secured credit card, which means that applicants don’t need to meet a minimum credit score. It’s the ideal card for those who want credit but don’t have the credit score.

  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 - $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
Intro APR Intro Period Regular APR Annual Fee Credit Needed Rate this Card
N/A* N/A* 19.99% (Variable)* $29* Bad Credit OK*
total votes: 165

You can quickly get the power of Mastercard in your wallet. Within minutes of filling out the application and paying the security deposit, a card can be out in the mail to you. You can then take advantage of the many benefits that Mastercard has to offer.

How the Card Works

When you apply for the Platinum Elite Mastercard, you don’t have to worry about your credit score. Whether you have poor credit or no credit at all, it doesn’t matter. There is no minimum credit score required for approval. Virtually anyone who is 18 years of age or older will be able to qualify for the credit card.

During the application process, a few questions will be asked. The first is confirming that you have a debit or prepaid card or a checking account. The second is asking if you are able to put down a security deposit. The second question is important because this is a secured card. Because you don’t have the good credit score, you will need to back your card with a deposit.

The deposit is going to be refundable. If at any time you don’t want the credit card, your deposit will be refunded. Also, as your credit begins to improve, you will be able to get better credit cards from First Progress that doesn’t require a security deposit.

Your credit score will improve because of monthly reporting. Each month, a report will be sent to the three credit bureaus to tell of your account activity. If you pay your bills on time and don’t go over your limit, your credit will begin to improve from month to month.

Shopping with Mastercard

The Platinum Mastercard makes it easy to shop. This is a widely accepted credit card around the world. You can shop with millions of merchants in the US and throughout almost every other country. You can pay at the pump, at grocery stores and other local places. You can also use the card over the phone to book travel, entertainment and more. The card can also be used online to complete millions of transactions.

First Progress Elite Card Application page

The credit limit you’re given will vary based on the security deposit you put down. The more you put down, the higher your limit will be. This will enable you to make larger purchases at the stores that you want to shop at. As your credit improves, so will your credit limit, making it easier to afford larger purchases.

There is fraud protection with the Mastercard. What this means is that you have security in all of your purchases. Your account is always being monitored. And if a charge is made that you didn’t authorize, you won’t be the one to pay for it. The charge will be removed and you can get a new account for added security.

Few Popular Secured Card Offers

Card name Intro APR Intro APR Period Regular APR Annual Fee Credit Needed
First Progress Platinum Elite Mastercard® Secured Credit Card N/A* N/A* 19.99% (Variable)* $29* Bad Credit OK*
Applied Bank® Secured Visa® Gold Preferred® Credit Card N/A* N/A* 9.99% (Fixed)* $48* Bad Credit OK*
First Progress Platinum Select Mastercard® Secured Credit Card N/A* N/A* 13.99% (Variable)* $39* Bad Credit OK*
OpenSky® Secured Visa® Credit Card 0%* 6 months* 17.39% (Variable)* $35* Poor*
First Latitude Mastercard® Secured Credit Card N/A* N/A* 25.99% (Variable)* 0* Bad Credit OK*

Benefits of the First Progress Platinum Card

The Platinum Mastercard from First Progress has a number of benefits. Regardless of the fact that it’s a secured card, you get ongoing benefits. These include:

  • Online management of account
  • 24/7 customer service

With a username and password, you can get a secure connection to your account portal online. This will make it easy to check on account details. Your balance, available credit, past transactions and more can be viewed with a few clicks of your mouse. If you have questions about your account, you can email customer service. To ensure your monthly payments are received on time, you can schedule them online. For added budgeting ease, you can print and download statements from the online portal as well.

Customer service operates 24/7. You can access the representatives through a toll-free number that will be provided to you at time of approval and it will be on the back of your credit card. If you have questions on your account or about card features, representatives can help you. There is also an automated system at the toll-free number to help you get quick stats on your account.

Final Word

  • Invest your tax refund to improve your credit by making the refundable deposit for your new secured card today
  • Receive Your Card More Quickly with New Expedited Processing Option
  • No Credit History or Minimum Credit Score Required for Approval
  • Good for Car Rental, Hotels; Anywhere Credit Cards are Accepted!
  • Monthly Reporting to all 3 Major Credit Bureaus to Establish Credit History
  • Credit Line Secured by Your Fully-Refundable Deposit of $200 - $2,000 Submitted with Application
  • Just Pay Off Your Balance and Receive Your Deposit Back at Any Time
  • 24/7 Online Access to Your Account
Intro APR Intro Period Regular APR Annual Fee Credit Needed Rate this Card
N/A* N/A* 19.99% (Variable)* $29* Bad Credit OK*
total votes: 165

You can enjoy the credit card in as soon as 5 days from filling out the application. Many benefits exist with the card. Once you get the card, you can start taking control of your credit. As your credit improves, so will your ability to get your security deposit back.

Have you had any personal experience with First Progress Platinum Elite Mastercard®?

Summarized Progress Platinum Elite Mastercard Review

84%
84%
Good

The First Progress Secured Mastercard is a full-featured credit card with credit limits up to $2,000*. Once approved its a good card to start building your credit.

  • Annual Fee
    8
  • Regular APR (%)
    7
  • Approval Guarantee
    9
  • Credit Reporting
    10
  • Secured line of Credit
    8
  • User Ratings (2 Votes)
    4.2
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Advertiser Disclosure

CREDIT DAD is an independent, advertising-supported website. Many debit cards, credit cards and other financial offers that appear here are from companies from which CREDIT DAD Websites receive compensation. This compensation may impact how and where products appear on this website (including, for example, the order in which they appear). CREDIT DAD Websites do not include all card offers in the marketplace.