Chip Lupo, Credit Card Writer
@CLoop
The First Progress Platinum Select card does not have purchase protection anymore, since the benefit was removed as part of an industry-wide shift away from traditional secondary perks on credit card offers. This is pretty common, unfortunately, as only around half of the major credit card issuers still offer purchase protection on at least one of their credit cards.
Although the First Progress Platinum Select card doesn’t have purchase protection, applying could still make a lot of sense in the right situation. The First Progress Platinum Select card has high approval odds and no credit check. It also has an annual fee of $39. All in all, the First Progress Platinum Select card is a good card for people who need to build or rebuild credit.
If you’re set on finding a good credit card for purchase protection, consider checking out the Chase Sapphire Reserve card or the Amex Blue Cash Everyday card. Both credit cards have great purchase protection coverage, according to the most recent WalletHub purchase protection study.
First Progress Platinum Select Mastercard® Secured Credit Card
People also ask
Is the First Progress Platinum Select card a good credit card?
First Progress Platinum Select is a good card if you have no credit or bad credit.
It helps you build credit history by reporting to all three major credit reporting agencies. With that said, like most secured cards, the First Progress Platinum Select does require an initial security deposit, which becomes your credit limit.
The only major downside is the annual fee. You can find better alternatives without annual fees, such as Capital One Quicksilver Secured Cash Rewards Credit Card and Bank of America® Unlimited Cash Rewards Secured Credit Card.
read full answerWhat is the First Progress Platinum Select exchange rate?
The First Progress Platinum Select Card exchange rate is Mastercard’s exchange rate on the date you make a purchase, plus any foreign transaction fees. While Mastercard exchange rates change daily, the First Progress Platinum Select Card foreign fee is always 3% of the transaction in U.S. dollars.
It’s best to use a credit card with no foreign transaction fee when making purchases from international merchants. As long as you have such a card and avoid dynamic currency conversion, the exchange rates you’ll pay on international spending with a credit...
read full answerDoes First Progress Platinum Select have a 0% APR intro period for new purchases?
No, the First Progress Platinum Select Credit Card does not have a 0% APR intro period for new purchases. Secured credit cards like the First Progress Platinum Select Credit Card are meant for building or rebuilding credit, and are not intended for carrying balances or financing large purchases over time. Since secured cards require a security deposit, which typically becomes your credit limit, secured cards don’t give much extra purchasing power.
You’re unlikely to find a secured credit card with...
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