First Progress Platinum Select MasterCard – card for people with bad credit

First Progress is in the business of providing secured cards for people with bad credit who want to build their scores. One of such cards is the First Progress Platinum Select MasterCard. The Card does not come with many rewards but it can help you qualify for credit cards that do have a rewards program and extra benefits.

Rates for First Progress Platinum Select MasterCard

• Rate on purchase: 13.99% APR
• Cash advances: 19.99%APR

Since this is a secured card and not a credit card, the line of credit is equal to the security deposit made by cardholders. If you keep a balance on this card, you effectively pay for borrowing your own money.

Fees for First Progress Select Platinum Secured MasterCard

The annual fee for First Progress Platinum Select MasterCards is $39 annual fee. There is also a 3% cash advance fee with a minimum fee of $10 and a 3% foreign transaction fee. Paying late incurs a $37 fee and a returned payments will go for the cost of $26.

First Progress Select Platinums secured MasterCard Rewards

Since this card is a secure card, it does not offer any rewards program.

First Progress Select Platinum Secured MasterCards signup Bonus

The first progress select platinum secured MasterCard has no signup bonus.

Benefits of the First Progress Select Platinum secured MasterCards

• One major benefit of using First Progress Platinum Select MasterCards is that they report account activity to the national credit bureaus, which over time if members manage their credit responsibly can increase their credit score.
• Another purpose of using this card is to build up your credit so that you can qualify, among other things, for credit cards that do have a rewards program and extra benefits.
• The First Progress Select Platinum secured MasterCard offers a middle of the road trade-off for the annual fee of ($39) and rate on purchases (13.99% APR). This enables people with bad credit to repair their credit score without paying outrageous fees or excessive rates on the months.

How to Apply for the First Progress Platinum Select MasterCard

• Visit the application homepage and tap the “Click Here to Apply” link
• Review the terms and conditions, of the card and then scroll down
• Enter the following information in the field provided:
  First name
  Last name
  Address
  City
  State
  Zip code
• Enter the following information in the fields provided
  Home phone number
  Mobile number
• Enter the following information in the fields provided
  E-mail address
  Re-enter e-mail address
• Tap ‘Yes’ or ‘No’ to whether you consent to the Electronic Communications Agreement
• Enter the following information in the fields provided
  Date of birth
  Social security number
  Re-enter social security number
  Security passphrase
• Tap the “Click Here to Continue” to finalize the application process.