First Progress might be a good choice if you are looking for a low-interest credit card with no annual fee and low interest rates. All 50 states are eligible for this credit card. You can add up to $2,000 to your account and deposit $200. 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
First Progress Platinum Select Mastercard, a secure credit card, requires a $200 deposit. You can also deposit more money, up to a credit limit maximum of $5,000. The annual fee of $39 seems low and compensates for the higher APR.
First Progress Platinum Select Mastercard offers a full-featured, low-interest card. The card is issued with a non-refundable security deposit, and it reports monthly to the three main credit bureaus. You'll build a credit history if you make all your payments on-time. You'll also be eligible to upgrade to another credit card after six consecutive months of making on-time payments.
Sign-up bonus not available
It is important to be informed about the various options and fees when choosing a credit card. First Progress offers the Platinum Prestige Mastercard(r) secured card. The card has a $10 cash advance fee if you withdraw cash from it. Additionally, there is a 3% foreign transaction charge. If you make more than one payment in a 6-month period, the card will charge a $29 late fee.
Although this credit card does not offer any sign-up bonus or rewards, it is an excellent option for people who want to build their credit. First Progress Platinum Select Mastercard Secured Card, despite not offering a signup bonus, reports monthly payments from the major credit agencies to the First Progress Platinum Select Mastercard Secured Card. This helps to rebuild credit and improve credit history. First Progress Platinum-series Mastercards come with $0 fraud coverage and ongoing credit surveillance. This credit card is worldwide accepted and can be managed online and via mobile app.
There is no annual fee
The First Progress Platinum Prestige credit cards do not have an annual fee. However, there are additional fees. If you delay your first payment, for example, you may be charged up $29 You'll be charged an additional $40 if you miss more than six consecutive payments. This isn't exactly a deal-breaker, but it's something to keep in mind before you sign up.
First Progress is a credit card that doesn't require you to submit a credit score before they approve your application. When you apply to a credit card, the issuer will typically check your credit score with the major bureau. This is known as a hard inquiry and can lower your score by a few percentage points. It will also stay on your credit report for up to two years. First Progress does not do hard credit checks so you can be sure that your credit is fine. First Progress makes use of a security bond to protect you against any defaults.
All 50 States: Available for people
First Progress secured credit card offers a revolving line credit based upon a security deposit. It is accepted by most countries and has no minimum credit score requirements. The annual credit card fee of $29 includes foreign transaction fees. Customers can apply online and receive credit cards within two to three working days.
To apply to First Progress Secured Card, applicants will need basic identity information such as income and financial obligations. They should also be able to provide a security deposit. First Progress will not run a hard credit report, which can affect your score. Also, the card issuer may not ask for credit history. The approval process generally takes around three weeks. The security deposit protects the lender from losses in the event 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 to the card should have a banking account. This helps them avoid having to pay separate payment vendors. Another benefit for customers is the ability to pay their monthly bill through their bank account.
The First Progress Mastercard credit card is fully-featured. This card allows customers to open new credit and make timely payments. It also reports to all three credit agencies every month. After six months, the company offers its customers a second credit line.