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First Progress Platinum Secured MasterCard® Credit Card |
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Issued by Synovus Bank
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View other Secured cards
View other cards issued by Synovus Bank
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The First Progress Platinum Secured MasterCard® Credit Card by First Progress hands you the tools and resources to help build your credit and move forward alongside financial progress.
The First Progress Platinum Secured MasterCard® Credit Card is a secured credit card that allows you to make a security deposit, insured by the FDIC, to establish your credit. Unlike other cards , your credit line is based on your security deposit rather than your credit score. Additionally, your account is reported to all three major credit card bureaus, and your deposit is what's available to use on a regular basis.
- • Sign up with a minimum $300 security deposit
- • Variable APR for purchases and cash advances
- • Set credit limit between $300 - $2,000
- • Full-featured MasterCard(R) protection and benefits
- • Low annual fee of $39
Available Credit Based on Security Deposit
The First Progress Platinum Secured MasterCard® Credit Card allows you to establish your credit line via a security deposit. You select your credit limit - with a minimum of $300 and a maximum of $2,000. Any credit limit increase depends on credit approval and may be set at $5,000 over time.
Your available credit consists of your credit limit minus any outstanding balances and your annual fee.
Standard APR for Purchases and Cash Advances
Your APR for purchases and cash advances varies based on the prime rate. As of mid-2011, your APR for purchases is 14.99% and 19.99% for cash advances. A foreign transaction fee for when traveling overseas is 3% of your total transaction amount. A cash advance fee is $10 or 3% of your transaction, whichever is greater.
Pay your balances on time and you won't be charged any interest. However, your APR will consistently remain low even if you are unable to pay your balance in full every month.
Set your own credit limit
When you sign up for the First Progress Platinum Secured, you have the option of setting your individual credit limit with a $300 minimum in your account. However, your account may not exceed the maximum limit of $2,000.
Your security deposit is insured by the FDIC and your account activity is reported on a monthly basis to all three leading U.S. bureaus, including Experian, TransUnion and Equifax. This allows you to build your credit line and establish financial growth in due time.
Essential MasterCard® benefits for your convenience
The First Progress Platinum Secured MasterCard® Credit Card features all the highly-reputable services and benefits you can expect from MasterCard®. Now you'll enjoy the conveniences MasterCard® provides anywhere you go with security and flexibility in mind.
Take a Look at the Fine Print
Annual Fee: Only $39
We encourage you to always practice fiscal responsibility and read through the fine print of the First Progress Platinum Secured MasterCard® Credit Card before applying. Although this card comes with a few low fees, it is nothing that is a stretch from standard credit card rates.
You no longer need to fret if you think you are unable to sign up for a credit card due to insufficient or poor credit. Receive credit card approval with the First Progress Platinum Secured MasterCard® Credit Card in no time and begin establishing or re-establishing your financial stability. With the First Progress Platinum Secured MasterCard® Credit Card, you'll soon breathe a sigh of relief!!
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| Updated: April-18-12 |
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| Most Attractive Feature(s): An ideal card for those with poor or insufficient credit, helps build credit history over time. |
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| Least Attractive Feature(s): No introductory rate available, security deposit does not earn interest. |
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| See website for additional benefits. |
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| Note: The review of this card was updated on April-18-12. The review is believed
to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully
read the Terms and Conditions statement that accompanies the Secured card application. |
| Terms and
Conditions |
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