First Progress could be a great choice if your search is for a credit line with low interest rates. It is open to residents of all 50 US states. It comes with a $200 deposit that can be refunded and lets you add upto $2,000 to it if you so choose. The deposit can be increased at anytime, but First Progress must first approve. After approval, the deposit will automatically be credited to your account and you'll receive a check within 10 working weeks.
Low interest rates
The First Progress Platinum Select Mastercard is a secure credit card that requires an initial deposit of $200. However, it's possible to deposit more, and you can work up to a credit limit of $5,000. The $39 annual fee is quite low and offsets the higher interest rate.
The First Progress Platinum Select Mastercard has all the features you need and low interest rates. It is issued with a refundable security deposit and reports monthly to the three major credit bureaus. If you can make all of your payments on time, you'll establish a new credit history. You'll also be eligible to upgrade to another credit card after six consecutive months of making on-time payments.
No sign-up bonus
You should know the details of each credit card and all fees before you make a decision. First Progress offers the Platinum Prestige Mastercard (r) secured credit card. When you withdraw cash using this credit card, there is a $10 cash advance charge. In addition, the card has a 3% foreign transaction cost. The card also has a $29 late payment penalty if you fail to make a payment within six months.
The credit card doesn't offer any rewards or sign-up bonuses, but it is a great choice for people who are looking to improve their credit. First Progress Platinum Select Mastercard Secured Card doesn't offer a sign-up bonus. Instead, the card reports monthly payments at major credit bureaus to help you rebuild your credit score and improve your credit history. First Progress platinum-series Mastercards have additional benefits, including $0 fraud liability as well as ongoing credit monitoring. This credit card is worldwide accepted and can be managed online and via mobile app.
There is no annual fee
Although there is no annual fee with the First Progress Platinum Prestige credit card, there are other fees associated with this card. For example, you'll be charged up to $29 if you're late on your first payment. A $40 surcharge will be added if you fail to make six payments consecutively. Although this is not a major issue, it is something you should keep in mind when signing up.
First Progress is a credit card that doesn't require you to submit a credit score before they approve your application. Most credit card issuers will review your credit reports with the major credit bureaus when you apply. This is called hard inquiry. It can lower you score by a few points, and will stay on credit report for at least two years. Since First Progress doesn't do hard credit checks, you can rest assured that your credit will be okay. First Progress requires you to make a deposit as a security measure to guard against any defaults.
All 50 United States are available
First Progress secured credit is a credit card that allows you to revolve credit. It works on the security deposit. It is accepted by most countries and has no minimum credit score requirements. Foreign transaction fees are included in the $29 credit card fee. Customers can apply online for a credit card and receive it within 2 to 3 business days.
To apply for First Progress secured cards, applicants need to provide basic information about themselves and their monthly income. They must also be capable of providing a security deposit. First Progress does not do a hard credit check. This can cause damage to your credit score. Also, the card issuer may not ask for credit history. Generally, the approval process takes up to three weeks. The security deposit is used to protect the lender against losses in case of default.
No hidden charges
First Progress, a credit card provider, offers fully-featured account with a security deposit and a rotating credit line. Customers signing up for the card need to have a bank account. This saves them from having to use separate payment vendors. Another benefit to customers is the possibility of paying their monthly bill from their bank accounts.
The First Progress Mastercard Credit Card is full-featured. This card allows consumers establish credit and to pay their bills on-time. It also reports every month to all three credit reporting agencies. In addition to this, it offers its customers a second credit card after six months of on-time payment.