Are you searching for a simple way to restore your credit history?
Improve your credit while earning 1% cash back with the First Progress Prestige!
Advertisement
The First Progress Prestige Mastercard® Secured Credit Card simplifies the credit-building process while offering the added benefit of rewards. With no minimum credit score required, it’s perfect for anyone starting fresh or rebuilding their financial profile. Enjoy a low APR and earn 1% cash back on payments. Simple, flexible, and empowering—start strengthening your credit today!
The First Progress Prestige Mastercard® Secured Credit Card simplifies the credit-building process while offering the added benefit of rewards. With no minimum credit score required, it’s perfect for anyone starting fresh or rebuilding their financial profile. Enjoy a low APR and earn 1% cash back on payments. Simple, flexible, and empowering—start strengthening your credit today!
You will remain in the same website
Discover all the benefits of this secured card today!
You will remain in the same website
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
The First Progress Prestige Mastercard® Secured Credit Card is a powerful tool for anyone looking to improve their credit and build a strong financial foundation.
Explore its main benefits and potential drawbacks below to decide if it’s the right choice for your needs.
Pros
The First Progress Prestige Mastercard® Secured Credit Card offers a range of benefits tailored to individuals aiming to improve their financial standing.
- Accessible Approval Process:
Applicants are eligible without any prior credit history or a minimum credit score. This makes it an excellent option for individuals starting their financial journey or recovering from past credit challenges. - Credit Building Made Simple:
Your monthly card activity is reported to the primary credit bureaus, such as Equifax, Experian, and TransUnion, to support credit improvement. Making timely payments consistently has the potential to impact your credit score positively over time. - Low Variable APR:
With an APR of 14.74%, this card offers a rate that is highly competitive for secured credit products. This feature helps reduce the financial burden for cardholders who occasionally carry a balance. - Rewards:
Unlike many secured credit cards, this card offers 1% cash back on payments, giving you an incentive to maintain good payment habits while earning rewards for your financial responsibility. - Flexible Credit Limit:
The card allows you to set a credit limit based on your security deposit, ranging from $200 to $2,000. This flexibility is ideal for individuals looking to control their spending or demonstrate financial responsibility.
Cons
While the First Progress Prestige Mastercard® Secured Credit Card has numerous benefits, there are some downsides worth considering before applying.
- Annual Fee:
Although the card offers unique perks, the $49 annual fee may deter some users, especially those who prioritize cards with no annual fee. - Fees Applied to Non-U.S. Transactions:
With a 3% foreign transaction fee, this card may not be the best option for frequent travelers or those who shop internationally. - Tied-Up Security Deposit:
The required deposit, ranging from $200 to $2,000, is held as collateral for the account’s credit limit. While refundable when the account is closed, this money remains inaccessible in the meantime. - No Upgrade Path:
Unlike some other secured credit cards, this card does not offer an automatic upgrade to an unsecured version once your credit improves. A separate application would be required if you wish to switch to another card.
Yes, the card can be used internationally wherever Mastercard® is accepted. But be aware that purchases made in foreign currencies will incur a 3% transaction fee. If you travel frequently, you may want to consider a card with no foreign transaction fees for those expenses.
The card offers 1% cash back on payments made toward your account balance. This means that every time you pay off part or all of your credit card balance, you earn cash rewards. It’s a simple and effective way to encourage timely payments while getting a small financial bonus.
The First Progress Prestige Mastercard® Secured Credit Card does not include an option for automatic upgrades to an unsecured version at this time. If you improve your credit score and wish to apply for an unsecured card, you’ll need to submit a new application separately.
Credit improvement depends on your individual financial habits, including timely payments and maintaining a low balance-to-limit ratio. However, because the card reports monthly to all three major credit bureaus, consistent responsible use can lead to noticeable improvements in as little as six months.
Yes, the First Progress Prestige Mastercard® Secured Credit Card can be used for car rentals and hotel bookings where Mastercard® is accepted. Keep in mind that some rental companies or hotels may place a hold on your credit limit for the duration of your stay or rental.
Approval is usually quick, with many applications processed within 24 to 48 hours. After approval, the card is generally delivered to you within 7 to 10 business days.
Looking for another great option?
The First Progress Prestige Mastercard® Secured Credit Card serves as an effective option for anyone aiming to establish or repair their credit.
With its low variable APR, accessible approval process, and unique cash-back rewards on payments, it delivers a blend of practicality and value.
By reporting to all three major credit bureaus, the card ensures that your responsible financial behavior translates into a stronger credit profile.
If you’re interested in a secured card with additional rewards, the Discover it® Secured Credit Card is worth exploring.
It provides 2% cash back for fuel station and restaurant spending and an automatic review for graduation to an unsecured card after seven months of use.
Whether you choose the First Progress card for its simplicity and low APR or the Discover it® Secured Card for its rewards and upgrade potential, both options can set you on the path to better credit.
Ready for more details? Find out all about the Discover it® Card in the next article. Take the next step in your financial journey today!
Trending Topics
Delta SkyMiles® Gold: Elevate Your Travel with Tailored Rewards
Learn about the Delta SkyMiles® Gold Card's perks, like free checked bags and travel rewards for Delta flyers.
Keep Reading
Walmart Jobs: Get Hired with Starting Pay from $14 per Hour
Discover entry-level and growth career opportunities at Walmart. Start your journey today with competitive pay and great benefits!
Keep ReadingYou may also like
Ibotta App: Complete Review for Smart Savings
Unlock the world of smart savings with Ibotta app. Explore unique features and advantages, and make shopping a rewarding adventure.
Keep Reading
OpenSky Plus Secured: Your Gateway to Better Credit, Fee-Free
Strengthen your credit history with the OpenSky Plus Secured Visa® Card, which features no credit check and zero annual fees!
Keep Reading
