The First Progress Platinum Select Mastercard® Secured Credit Card is a fairly inexpensive option for people with limited credit who want a starter credit card with high approval odds or people looking to rebuild damaged credit. For the price of the First Progress Platinum Select Mastercard’s $39 annual fee, plus... show more
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Yes, the First Progress Platinum Select Card has a grace period of at least 25 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their First Progress Platinum Select Card statement balance in full every month, First Progress will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining First Progress Platinum Select Card balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.
It's also important to note that grace periods do not apply to cash advances.
No. First Progress Platinum Select does not offer extended warranty protection. First Progress Platinum Select does have other benefits, though, including no credit check when you apply, monthly credit bureau reporting, and zero fraud liability.
If you're set on finding a card with good extended warranty coverage, consider checking out... show more
The First Progress Platinum Select annual fee is $39 for the first year. First Progress Platinum Select's $39 annual fee, which starts the second year, is higher the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with... show more
Share your insights and review the First Progress Platinum Select Mastercard® Secured Credit Card
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3.4
3,698 reviews
3,698 reviews
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Jennie Limber @jenniel2
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4 Star Rating
If I compare this card to a normal reward based credit card then this card would fall way short. However if you are in a bind, or are just starting to build your credit then a card like this is very valuable. We've all been there where we can't get something because we don't have credit but we can't build credit because we don't have anything. It is a tough place to be and this card helps you to build credit AND have a card to do something with. Yes, you lose a bit in terms of apr and having to fund it and pay extra fees, but if you use it smartly and for a few years it can really help you the rest of the way. If you have great credit and lots of credit steer clear of this card. If you need help establishing or improving your credit this card is worth your time.
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JoeyandAmanda Williams @joey.williams.927
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4 Star Rating
The First Progress Secured Credit Card is a great card if you are looking to build your credit up in an affordable way. You can set your own credit limit ranging from $300 up to $2,000. This card is reported to all three credit bureaus, which is great if you are trying to build or reestablish your credit. There is really no hassle in getting this card as you do not have to go through a long approval process like with most other cards. There is an annual fee of $39, which is not bad when compared with fees that other charge. This is a great card to have if you are looking for something affordable and low risk to carry around in your wallet.
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Adrian Półtorzycki @adrian.poltorzycki
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5 Star Rating
First Progress Secured Credit Card has been a great savings card for me. They require a minimum of $300 dollar deposit to get the secured credit but I think that is a really fair number. With this secured credit I don’t have to worry as much about my overspending and can actually earn some money in the process. It feels safe having this credit card as my secured credit card of choice. First progress might not be the most popular company but I trust them a lot and have really enjoyed their service so far. They get a good grade from me and I can see many other people giving them a good review as well.
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Dot Connor @dotc
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5 Star Rating
My daughter is college right now and living away from home. She applied for a unsecured credit card a couple of years ago and was approved for a reasonable limit. Unfortunately, she managed it very poorly so things went south quickly. The card company closed her out. She needed to rebuild her credit so we helped her find a secured card to get her going again. I found this one online. She applied for this card on a Monday and sent in the $300 deposit. They called us the following Monday ( a week later ) telling her she was approved. The card arrived pretty quickly, within a 3-5 days. Almost as soon as this account showed up on her credit report her score shot up significantly. It's been almost a year now with no issues so far. In my opinion, this is one of the best unsecured cards someone can get. The annual fee is $39, which in comparison to other unsecured cards is really fair. No other fees. She gets her deposit back. And the rate is in the lower 20% range. There are really no other perks, but just the fact that it's helping her get back on track is again is reward enough for us.
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Sherill Dinsmoor @sherilld
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2 Star Rating
I used the First progress secured credit card back when I was first trying to establish my credit rating. I had problems all over the place with this card. The annual fee is higher than most secured cards were offering. The customer service was horrible. No english speaking customer service reps here. I had a mistake on my card and they took forever to correct it.
Honestly, the only good thing about this card is that you are guaranteed to be approved, and it will help to build your credit so you can upgrade to a real credit card.
Personally, I dropped this card and chose to go with the Capital one secured card instead, which I had no problems with whatsoever. Your mileage may very with this card but I wouldn't risk it.
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Frank Avalos @frank.avalos.372
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4 Star Rating
This card states that it offers quality benefits, but in all honesty the only real benefits to it are that you are almost instantly approved and it will help you in improving or repairing your credit, reporting to all three major credit bureaus. There are no credit increases what so ever with this card unless you apply the funds yourself after a probationary period. There is also a security deposit that you will never see again. That is pretty much the only true negative experience with the card in my book. One other thing that I will comment on is that my experiences with customer service have been pretty decent when I have been on the phone with them. While the rates and fees might not be what most people would expect, it's still a decent card to consider if you're looking to restore your credit.
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Jaime Trease @jaimet_3
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3 Star Rating
This card isn't very good. I am not a fan of cards that charge you a monthly fee, even if this one is not that high. I also don't like there there is a cash advance fee, which scales too high. The late fee is also a bit much. The only good about this card is that it is so easy to get that I imagine someone who underwent bankruptcy could get this card. So although it is a harsh penalty and difficult to maintain and does not give you a whole lot back, it does give you something to work with in rebuilding your credit. I would avoid this card if you have good credit because you can always find better cards. But if you're down on your luck, give it a try with an eye on something else once you can get it.
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Leah Smith @GourmetLady1
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4 Star Rating
First off I love the fact that this card doesn't have a monthly fee. The annual fee is rather low compared to some other cards out there. There is also no penalty for going over the max which is unheard of usually. The cash advance fee bothers me however, I do not agree with it being %3, I feel that it is too high. The late fee is a little high also. Overall I've used this card and had no major problems. Obviously it is a great place to start if you have no credit or bad credit. They do report to the credit agencies which is good. It's easy to get and I would highly suggest it for someone perhaps going through bankruptcy. It's secured, you can get it, and it'll help your credit build slightly.
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Emelina Mohammad @emelinam
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3 Star Rating
I have had the card for 3 months and no complaints on my part. This is a secured card so I paid 300. I'm not too thrilled about the annual fee, however, it comes out to about 0.09 per day if you look at it from that perspective it is really not that bad. Beggars cant be choosers and everyone denied me including my bank wells fargo, I had no choice. It did raise my credit score by about 20 points! Then it went back down 15 points after I settled on a defaulted credit card. Another thing about payments, as soon as I receive my bill I mail in my payment and within maybe 4-5 days it is posted and that's with snail mail. I just made another payment online yesterday and it said it would be posted in 2 business days. I am not sure about the 10 days people are talking about.
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Corey Huffman @corey.huffman
Your score went down for settling?
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WalletHub @WalletHub
Corey - Reaching a debt settlement agreement with a creditor can lead to credit score damage. The reason is that you technically are not fulfilling your total obligations as originally agreed, which signals risk. Of course, you won't incur as much credit score damage via debt settlement as you would by declaring bankruptcy, and the longer your debt remains delinquent, the more damage it will do to your credit standing. As a result, debt settlement is still often the best course of action.
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John Updegraff @autiger1
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1 Star Rating
I have a First Progress Secured credit card. I am extremely unsatisfied with the customer service and delay wait times. When you make an online payment it may take 10 business days for availability of those funds. The disclosures speak of guaranteed payments as being available the day they are posted. If an ACH initiated by First Progress is not automatic I don't know what would be. I have not had any late payments with them ever, and I pay the balance of each statement every month so I don't incur interest. I think waiting 10 days for an ACH transaction initiated by First Progress is ridiculous. I think I will be looking to Capital One for another credit card soon. First Progress is losing my business fast.
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Review First Progress Platinum Select Mastercard® Secured Credit Card
First Progress Platinum Select Mastercard® Secured Credit Card
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