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First Progress Platinum Prestige Mastercard® Secured Credit Card: Low APR, high annual fee

This card requires no credit history or minimum credit score.’s rating: 3.6 / 5


  • Get this card if you have a poor credit score or you have no credit history at all.
  • Pick something else if you want a cashback card or a card without an annual fee.
  • Apply with no credit history or with a poor credit score.
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Annual fee


Purchase APR (variable)


Recommended credit score


Annual fee$49
Welcome OfferN/A
Purchase APR9.99% variable
Balance transfer APRN/A
Recommended minimum credit score300

Review by

Megan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker,, American Banker and featured on news broadcasts across the country.

Expert review

The First Progress Platinum Prestige Mastercard® Secured Credit Card requires no credit history or minimum credit score. It has a low variable APR for purchases — which makes the card unique — but it comes with a high annual fee of $49. If you’re fine with this combination, this card could be a good choice if you want to rebuild your credit.

By making a deposit, you have control to set your initial credit line. With responsible spending, you might even get to increase your credit line by depositing additional funds.

How to apply for the First Progress Platinum Prestige Mastercard® Secured Credit Card

  1. Click Apply now.
  2. Complete the application with your personal details.
  3. Once you agree to the terms and conditions, you’ll set up your deposit.
  4. Confirm that your information is correct and click Go to payment to complete your application. If you’re not approved for the card, First Progress will return your security deposit.

How long will it take to get my First Progress Platinum Prestige Mastercard® Secured Credit Card?

First Progress Card needs three weeks to make a decision on your application. If you don’t hear any information by then, contact their support.

Apply now

Card benefits

  • Build your credit. First Progress Cards report to all three major credit agencies every month. With timely payments, you’ll build your credit score and can eventually apply for a better card.
  • Control your credit limit. The size of your credit limit is determined by your deposit. You can start with as little as $200 and go up to $2,000. With approval, you can add additional funds to your deposit and raise your credit limit up to $5,000, which is the maximum for this card.
  • No minimum credit score to apply. If you’ve just started your credit-building journey, or if you’ve had credit difficulties in the past and want to rebuild your credit, you can apply for the card without worrying about having a minimum score.
  • Low APR. The annual percentage rate for purchases made with this card is 9.99% variable. This is low when compared to other cards, some of which can have APRs up to 26%.
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What to watch out for

  • Annual fee. This card has an annual fee of $49, which will be applied to your balance.
  • Foreign transaction fee. If you use this card when traveling abroad, you’ll pay an additional 3% of the transaction for each purchase.
  • Penalty fees. A late payment can cost you up to $40, and a returned payment up to $29.
  • Limited customer service. At the moment, there’s no phone number for potential customers to call. Support is limited to online help for current customers or postal mail.
  • Upfront security deposit. First Progress requires you to fund the security deposit of at least $200 before you know whether you’re approved.
Apply now

Compare First Progress credit cards

First Progress cardAnnual feeAPR
The First Progress Platinum Elite MasterCard® Secured Credit Card$2919.99% variable
First Progress Platinum Prestige Mastercard® Secured Credit Card$499.99% variable
First Progress Platinum Select MasterCard® Secured Credit Card$3913.99% variable

Compare secured cards

Name Product Filter values Minimum deposit required Purchase APR Annual fee Recommended minimum credit score
Citi® Secured Mastercard®
Starting at $200
22.49% variable
New to credit
A no annual fee secured card for people who are new to credit or have limited credit history.
Self Visa® Credit Card
Starting at $100
21.74% variable
Build your credit with a low minimum security deposit of $100 and no credit score required.
Surge Secured Mastercard®
Starting at $300
19.99% variable
Earn 1% cash back rewards.

Compare up to 4 providers

What should I know before I apply?

You can apply for the card if:

  • You’re at least 18 years old, or 19 in Alabama and Nebraska
  • You’re a US citizen or a permanent resident in the US — excluding Arkansas, Iowa, New York and Wisconsin

When you fill out your application, you’ll need to provide:

  • Your name, residential status and residential address
  • Your Social Security number and date of birth
  • Your contact information and information about your income
  • The amount you will pay for the initial security deposit
Apply now

What credit score do I need?

You don’t need a credit history or a minimum credit score to apply. However, approval is not guaranteed upon application.

First Progress Platinum Prestige Mastercard® Secured Credit Card reviews and complaints

Satisfied customers claim the card has managed to help them build their credit score considerably in a few months time. Those who aren’t satisfied complain about poor customer service and hidden fees. To avoid this, make sure you read your card’s agreement.

First Progress Card earns an A+ rating from the Better Business Bureau where it’s been accredited since 2013. As of October 2020, First Progress Card has more than 260 complaints, more than half of which have been resolved.

I got the card. Now what?

  • Avoid interest. Your grace period is 25 days after the end of each billing period. Despite having low APR, you’ll avoid accruing interest on your purchases if you pay your balance off during this time.
  • Customer service. For any questions, log in to your account online or write First Progress Card at PO Box 9053, Johnson City, TN 37615-9053.

Bottom line

If you typically carry a balance, this card could be a strong choice, as it has the lowest APR on purchases compared to its First Progress siblings. But if you always pay your balance on time, The First Progress Platinum Elite MasterCard® Secured Credit Card and its lower annual fee could suit you best.

If you’re still not sure which credit card is best for you, check out other secured cards and compare your options.

Frequently asked questions

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    Default Gravatar
    March 15, 2018

    By applying for this card, will there be an additional inquiry on my credit report.
    Can I choose to make and initial deposit of $ 3,000.00 for my credit line or even more up to $ 5,000.00?

      Avatarfinder Customer Care
      March 21, 2018


      Thanks for your inquiry.

      Yes, any new applications you make for credit will directly affect your credit score. Keep in mind that you don’t need to be approved for the application for it to be listed on your credit file and therefore affect your credit.

      For the initial deposit/security deposit, you must maintain a security deposit of at least $200 in a non-interest bearing deposit account at Synovus Bank if approved. This can be increased, with approval, by adding funds to your initial deposit, up to $5,000. This security deposit sets your credit limit.

      You may contact First Progress directly to inquire further by clicking on the ‘Go to site’ button on this page.

      Best regards,

    Default Gravatar
    September 15, 2017

    First Progress Platinum Prestige MasterCard Secured Credit Card – does this card require credit check

      Default Gravatar
      September 15, 2017

      Hello Dray,

      Thanks for reaching out to us.

      For the The First Progress Platinum Prestige MasterCard Secured Credit Card, it does not rely on your credit rating rather on the security deposit that you will make which will also be your line of credit. Then with approval, you can increase your credit limit by also increasing your initial deposit.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.


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