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You can pay your First Progress Prestige Secured deposit by entering your checking or savings account information in your application form, If you get approved, your security deposit will be funded by the account you provided on your application.
The amount that you choose to deposit is from $200 up to $2,000 and it will be placed in a non-interest bearing deposit account at the issuer and held there until you close your card account.
First Progress Prestige Secured Mastercard®
First Progress Prestige Secured Mastercard®
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The best secured credit card with a low deposit is the Capital One Platinum Secured Credit Card (see details, rates & fees). You may be able to put down $49, $99 or $200 in return for a credit line of at least $200, which could make the card only partially secured. The higher your credit score is, the more likely you are to be assigned one of the lower deposit amounts. Capital One Platinum Secured (see details, rates & fees) also has a $0 annual fee.
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A security deposit for a credit card is a fully refundable sum that you pay to a credit card issuer before a secured credit card account is opened. The amount of the deposit usually becomes the account’s credit limit, and the cardholder gets the money back after bringing the card’s balance to zero and closing the account. Since the security deposit on a credit card protects the issuer against the threat of nonpayment, it makes getting a credit card...
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