The easiest way you can pay your First Progress Platinum Select is either online or through the mobile app for Android. Alternatively, you can make a payment over the phone at (866) 706-5543 or by mail. First Progress does not allow cardholders to set up automatic payments.
Ways to Make a First Progress Platinum Select Payment
Online: Log in to your online account and click on the payment button. Then, choose how much to pay, when to pay it, and where the payment is coming from.
Through the mobile app: If you are an Android user, log in to your account and select your card, then tap the payment button.
Over the phone: Call (866) 706-5543 and enter your card information when asked. Then follow the prompts to make a credit card payment.
By mail: Send a check or money order (but not cash) to: First Progress Card P.O. Box 84010 Columbus, GA 31908-4010
If you choose to make a payment via mail, make sure to always send it at least 5-7 days before your due date. Write your credit card number on the check, too.
First Progress Platinum Select Mastercard® Secured Credit Card
No, First Progress does not have an unsecured credit card. This issuer only offers secured credit cards. First Progress markets its credit cards for people looking to establish or rebuild credit.
Secured credit cards, including First Progress cards, require a refundable security deposit to open the account. Deposits for First Progress secured credit cards... read full answer start at $200, but approved applicants can choose to deposit up to $2,000. The amount of the deposit determines your initial credit limit, and also serves as collateral for the issuer, should you default on the account. You'll get the deposit back when you close the account with no outstanding balance.
Alternatives to First Progress Unsecured Credit Cards:
Keep in mind that unsecured credit cards for rebuilding credit are saddled with high interest rates and a host of fees including annual fees, processing fees, and one-time "set up fees". That will take a sizeable chunk out of what will likely be a pretty low credit limit.
That makes secured credit cards the better deal for repairing less-than-good credit. You will have to front your own money to open the account, but it's money you'll get back if you use the card responsibly. If you establish a history of timely payments, you may receive a credit limit increase or be eligible to transition to an unsecured credit card with better terms.
A credit card billing cycle is the period of time between two credit card statements, usually lasting 28-31 days. On the last day of a credit card’s billing cycle – also known as the closing date –the card’s issuer will compile the account’s billing statement. This includes a bill for all the charges made to your account during that billing cycle, minus any payments made. You can find the starting and ending dates for your credit card’s billing cycle on your monthly statement.... read full answer
Understanding your credit card’s billing cycle is important for a few reasons. First, it’s important because your statement balance – the amount you have to pay by the due date to avoid interest – is comprised of purchases made during the billing cycle. The statement balance also gets reported to credit bureaus each month and factors into your credit utilization.
Secondly, the start and end of a billing cycle determine when you have to pay for a given purchase or fee. For example, if you purchase a big TV the day before your statement closing date, you’ll owe that money on your next due date – usually about 25 days later, or however long your grace period is. However, if you buy the TV the day after your statement closing date, it will land on the next statement. So you won’t have to pay for the TV until that statement’s due date, which could be 50 or so days later. For those budgeting out big purchases, timing the purchase to get an extra few weeks to pay can make a huge difference.
Billing cycles are also important if you are taking advantage of a 0% APR intro period. These zero-interest periods are sometimes measured in billing cycles, rather than months. This difference can be worth calculating if the billing cycle is shorter than a typical month, and you are tracking how much time you have to pay off a purchase before the promotional APR period ends.
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