Yes, the First Progress Platinum Select Card has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their First Progress Platinum Select Card statement balance in full every month, First Progress will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining First Progress Platinum Select Card balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.
It’s also important to note that grace periods do not apply to cash advances.
First Progress Platinum Select Mastercard® Secured Credit Card
You can get a First Progress Platinum Select credit limit increase by calling (866) 706-5543. Keep in mind that the maximum credit limit you can have with the First Progress Platinum Select is $5,000 and because this is a secured credit card, the only way to get a higher spending limit is to add to your deposit.
Here’s some more info about your First Progress Platinum Select credit limit:
Initial credit limit: Your initial credit limit will be equal to the amount...
Yes, the First Progress Platinum Elite has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their First Progress Platinum Elite statement balance in full every month, First Progress will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will...
Still, it’s important to note that the First Progress Platinum Select is a unique type of credit card called a secured card. Secured credit cards require a security deposit to open the account, and the amount of the deposit usually becomes the...
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