If you’ve struggled to get a credit card because of a poor credit history or having no credit at all, First Progress Platinum Elite could be the right card for you. First Progress has a reputation for providing basic cards with few perks to people with low or no credit scores. What First Progress provides is sensible, secured cards for people who need access to credit. Here we’ll be discussing the First Progress Platinum Elite Secured Mastercard.
First, as the name suggests, this is a secured card that requires a deposit. The credit limit is based on what you can put down. However, that can be up to a couple grand, which isn’t terrible if you can afford it. People also like that they are issued a Mastercard which can be used almost anywhere, and that gives them the opportunity to build their credit score. There’s also no minimum score required to apply for this card, which means it could be accessible to people no matter how low their score is.
Consumers benefit from a low annual fee when they sign up for the Platinum Elite card, but should be leery of other charges that include: high APR, even higher cash advance rate, fees for balance transfers, foreign transactions, late fees and more. Mostly, anything outside of your standard swipe comes with some fee attached. Users are cautioned to be prepared to make a plan for using this card and stick to it to raise their credit score. Those who use this card with the intention of paying it off each month and watching their score rise could be really happy with this addition to their wallet.