First Progress Platinum Secured MasterCard® Credit Card
Short Card Review
When you sign up with First Progress Platinum Secured MasterCard® Credit Card, issued by Synovus Bank, you are essentially gaining a full-featured Platinum MasterCard, with the additional opportunity to build your credit history. Credit is built with monthly reports to the …
Apply Now| Intro Apr | Balance Transfer | Ongoing APR | Annual Fee | Card Category |
|---|---|---|---|---|
| None | n/app | 14.99% | $39 | Secured |
{ Click to Expand Review + }
The First Progress Secured Platinum MasterCard® Credit Card,issued by Synovus Bank, is especially beneficial for those looking to build their credit history. For this reason, card approval will not be based on past credit history or minimum credit scores. Provide a minimum security deposit and proof of identity, and you will be on your way to achieving desirable credit.
Passing a credit check is imperative in order to accomplish certain major goals, such as buying a home or being extended a job offer. With the First Progress Secured Platinum MasterCard®, you have the opportunity to finally prove your financial stability. With a low annual fee and a low APR that varies with the prime rate, it is even easier to manage and maintain your ideal budget.
Monthly credit updates – The First Progress Secured Platinum MasterCard® provides monthly reports of your payment activity to the three major credit bureaus, allowing you to quickly build your credit history . As long as you continue to meet your payments – and make them on time – your credit will continue to build.
Affordable credit line based on deposit – Unlike regular credit cards that offer credit lines based on a credit score, the First Progress Secured Platinum MasterCard® grants a credit line based on a security deposit. Customers can choose to deposit between $300 and $2,000. Although past credit history is not an issue, it is important to note that approval for this card is based on the applicant providing the minimum security deposit of $300. Your security deposit will be insured by the FDIC.
Secure and thorough online application – Card applicants can expect to have an account established within three weeks of applying. Applications for the card are only available online and not by phone so as to avoid identity theft and fraud; however, a toll-free Customer Service line will become available once an account has been established. In addition, customers will have free, 24/7 access to their account online. No matter where you are, checking your account will always be secure and convenient!
Prestige of a Platinum MasterCard – The First Progress Secured Platinum MasterCard® holds the same level of value as a traditional Platinum MasterCard and is part of the worldwide MasterCard network. Nowhere on the card face itself will it indicate that the card is secured, so you can fully enjoy the reputation of having an authentic Platinum MasterCard.
To determine if the First Progress Secured Platinum MasterCard® Credit Card is right for you, please review the terms and conditions by clicking through to the application page. If you have had a troubled credit history or have never held a credit card, applying for this secured credit card may be the first step in building or regaining the credit history you desire!
Passing a credit check is imperative in order to accomplish certain major goals, such as buying a home or being extended a job offer. With the First Progress Secured Platinum MasterCard®, you have the opportunity to finally prove your financial stability. With a low annual fee and a low APR that varies with the prime rate, it is even easier to manage and maintain your ideal budget.
Monthly credit updates – The First Progress Secured Platinum MasterCard® provides monthly reports of your payment activity to the three major credit bureaus, allowing you to quickly build your credit history . As long as you continue to meet your payments – and make them on time – your credit will continue to build.
Affordable credit line based on deposit – Unlike regular credit cards that offer credit lines based on a credit score, the First Progress Secured Platinum MasterCard® grants a credit line based on a security deposit. Customers can choose to deposit between $300 and $2,000. Although past credit history is not an issue, it is important to note that approval for this card is based on the applicant providing the minimum security deposit of $300. Your security deposit will be insured by the FDIC.
Secure and thorough online application – Card applicants can expect to have an account established within three weeks of applying. Applications for the card are only available online and not by phone so as to avoid identity theft and fraud; however, a toll-free Customer Service line will become available once an account has been established. In addition, customers will have free, 24/7 access to their account online. No matter where you are, checking your account will always be secure and convenient!
Prestige of a Platinum MasterCard – The First Progress Secured Platinum MasterCard® holds the same level of value as a traditional Platinum MasterCard and is part of the worldwide MasterCard network. Nowhere on the card face itself will it indicate that the card is secured, so you can fully enjoy the reputation of having an authentic Platinum MasterCard.
To determine if the First Progress Secured Platinum MasterCard® Credit Card is right for you, please review the terms and conditions by clicking through to the application page. If you have had a troubled credit history or have never held a credit card, applying for this secured credit card may be the first step in building or regaining the credit history you desire!
