Yes, the First Progress Platinum Select card is a credit card. More specifically, it is a secured credit card. The only difference between a secured credit card and a "regular" credit card is the fact that you are required to place a refundable security deposit that serves as your credit line.
So, the First Progress Platinum Select card can be used like a regular credit card, not a debit card, and will report to the credit bureaus just like a regular credit card would.
First Progress Platinum Select Mastercard® Secured Credit Card
You cannot go over your First Progress Platinum Select credit limit.
This is a secured card, which means the security deposit serves as your credit line. After exhausting your entire credit line, your future transactions will be denied until you pay your bill. In order to increase your credit limit, you will need to add to your security deposit.… read full answer
Secured credit cards, including First Progress cards, require a refundable security deposit to open the account. Deposits for First Progress secured credit cards 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.
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.
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