Yes, The First Progress Platinum Elite Mastercard® Secured Credit Card is legit. The First Progress Platinum Elite card is legit because it is issued by Synovus Bank, an FDIC member that is accredited by the Better Business Bureau and has an "A+" BBB rating, in partnership with First Progress. The First Progress Platinum Elite also reports information to the major credit bureaus each month.
Why The First Progress Platinum Elite Card is Legit
Issued by Synovus Bank, an FDIC member that is accredited by the Better Business Bureau and has an "A+" BBB rating, in partnership with First Progress.
Rated 3.7/5 stars by WalletHub editors.
3.6 / 5 average user rating on WalletHub.
Reports to all three of the major credit bureaus: Equifax, Experian, and TransUnion.
$0 fraud liability guarantee.
In addition, the First Progress Platinum Elite card is legit because it’s on the Mastercard credit card network, meaning you can use the card anywhere Mastercard credit cards are accepted.
The First Progress Platinum Elite 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.… read full answer
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 of the deposit that you make with First Progress, which must be at least $200 and may not exceed $2,000.
How to increase credit limit: You can ask for a First Progress Platinum Select credit limit increase every 6 months, by calling First Progress Platinum Select customer service at (866) 706-5543.
Maximum credit limit: The maximum credit limit you can obtain over time is $5,000.
The First Progress Platinum Elite annual fee is $29 per year. First Progress Platinum Elite’s $29 annual fee is higher than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the First Progress Platinum Elite card, either.
One of the best credit cards for a 550 credit score is the OpenSky® Secured Visa® Credit Card. There’s no credit check when you apply, so approval is almost guaranteed. You just need $200 for a refundable security deposit and enough income to make monthly payments. This card also reports to all three … read full answermajor credit bureaus (Equifax, Experian and TransUnion) every month, which is your ticket to a better credit score. And a $35 annual fee isn’t too much to pay for that.
However, those aren’t the only credit cards you can get with a 550 credit score. In fact, there are two kinds of credit cards for people at that credit level: secured credit cards and unsecured credit cards for bad credit. A 550 credit score is within the bad credit range, unfortunately. Bad credit goes from 300 to 639. But picking the right 550 credit score credit card and using it responsibly could help you improve your score to “fair” territory within 12-18 months.
Before applying for a card, though, make sure to check out its terms and conditions, or a FAQ page if there is one, just to make sure you fit the criteria for eligibility. You can also try getting pre-approved for a credit card. It won’t hurt your credit, and it will give you a good idea of your odds if you decide to apply.
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