Chip Lupo, Credit Card Writer
@CLoop
The main First Progress Platinum Elite requirements are that an applicant must be at least 18 years old with a valid Social Security number. Applicants must also agree to put down a security deposit of $200+ before they can open the account. There’s no minimum credit score requirement, as the First Progress Platinum Elite card is designed for people with bad credit and beginners with little or no borrowing history.
First Progress Platinum Elite Card Requirements
- At least 18 years old
- Physical U.S. address (no P.O. boxes)
- Proof of income to make the monthly minimum payment
- Social Security number
- $200 security deposit
While the First Progress Platinum Elite card has no minimum credit score requirement, First Progress may reject your application if there are serious negative entries on your credit report, such as a pending bankruptcy. In addition, if you apply for the First Progress Platinum Elite card, it’s vital that you enter all required information completely and accurately. Knowingly reporting false or misleading information on a credit card application is a federal crime.
First Progress Platinum Elite Mastercard® Secured Credit Card
People also ask
How long does it take to get a First Progress credit card in the mail?
If you were approved, it should take about two weeks for your First Progress credit card to reach you.
That being said, you could opt-in for Expedited Processing, which costs $19.95. With the Expedited Processing Service, the card will be processed about a week faster. Keep in mind, you can only enable that if you paid the deposit with a debit or prepaid card.
read full answerDo First Progress credit cards do a hard pull?
No, First Progress credit cards won't do hard pulls upon applying.
An application will only result in a soft pull on your credit report, and it won’t affect your credit score.
That being said, First Progress credit cards are a great choice for people with bad credit (300+), or no credit at all.
read full answerWhat is a good income for a credit card?
A good annual income for a credit card is more than $39,000 for a single individual or $63,000 for a household. Anything lower than that is below the median yearly earnings for Americans. However, there’s no official minimum income amount required for credit card approval in general. It varies by credit card company and from individual card to card.
For example, the Capital One Venture Rewards Credit Card requires at least $425 more in income per month than you...
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