The First Progress Platinum Elite minimum payment is $40 or 5% of the statement balance, plus fees, past-due amounts, and interest – whichever is higher. If the statement balance is less than $40, the First Progress Platinum Elite minimum payment will be equal to the balance. In addition, if you recently missed a payment or exceeded your credit limit, First Progress may add a late fee or the overlimit amount to your minimum payment.
The minimum payment is the smallest amount you’re obligated to pay by the due date for your First Progress Platinum Elite account to be in good standing. Failure to pay by the due date may result in a late fee. Your credit score will also take a hit if you miss multiple minimum payments.
The First Progress Platinum Elite Mastercard® Secured Credit Card
The First Progress Platinum Elite credit limit is $200 to $2,000. Everyone who gets approved for First Progress Platinum Elite is guaranteed a credit limit of at least $200, though each person’s exact starting credit limit will depend on how much of a security deposit they put down. When you first open the secured card, the amount of your security deposit will be your credit limit.… read full answer
The First Progress Platinum Elite credit limit that you start with isn’t necessarily your credit line forever. First Progress will usually allow you to increase your security deposit for a higher credit line.
There isn't such a thing as a First Progress late payment forgiveness.
First Access states in the card’s Terms and Conditions that if they do not receive at least the minimum payment due by the due date shown on your monthly billing statement, you will be charged a late payment fee. … read full answer
If it's the first occurrence however, you can try calling them to see if you can work something out, at (888) 267-7980.
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