First Progress may be the right choice for you if you are looking to get a creditcard with low interest rates, no annual fees, and no annual fees. It is open to residents of all 50 US states. It comes with a $200 deposit that can be refunded and lets you add upto $2,000 to it if you so choose. You can increase the amount of your deposit at any moment, but First Progress must be approved first. Once approved, you'll be automatically credited the deposit and receive a check within 10 weeks.
Low interest rates
First Progress Platinum Select Mastercard requires a $200 initial deposit. You can deposit more and get a credit limit up to $5,000. The $39 annual fee is quite low and offsets the higher interest rate.
First Progress Platinum Select Mastercard features a full-featured card that offers low interest rates. It comes with a monthly report to the three major credit agencies. A new credit history will be established if you are able to make all of your payments in time. Plus, you'll be able to upgrade to a second credit card after six months of on-time payments.
There is no sign-up bonus
Be aware of all the options and fees available when you are choosing a credit line. First Progress offers the Platinum Prestige Mastercard(r) secured card. This credit card charges a $10 cash advance fee when you use the card to withdraw cash. In addition, the card charges a 3% foreign transaction fee. The card also has a $29 late payment penalty if you fail to make a payment within six months.
The credit card doesn't offer any rewards or sign-up bonuses, but it is a great choice for people who are looking to improve their credit. First Progress Platinum Select Mastercard Secured Card is not a signup bonus. However, it sends monthly payments to all major credit bureaus. This helps to reestablish credit scores and improve credit histories. First Progress Platinum-Series Mastercards also offer ongoing credit monitoring and $0 fraud liability. This credit card accepts worldwide. The app can be used to manage your account online as well as on mobile.
No annual fees
There is an annual fee for the First Progress Platinum Prestige card. However, this card has other fees. If you delay your first payment, for example, you may be charged up $29 If you miss more than six payments in a row, you'll have to pay an additional $40. While this is not an important point to remember, it can make signing up a little more difficult.
First Progress credit cards don't require that you submit a credit score to be approved. Usually, when you apply for a credit card, the issuer will check your credit with the major credit bureau. This is known as a difficult inquiry. It can lower your score a bit and keep your credit report up for two years. Since First Progress doesn't do hard credit checks, you can rest assured that your credit will be okay. First Progress instead requires a security deposit to safeguard against defaults.
All 50 States: Available for people
First Progress secured credit card offers a revolving line credit based upon a security deposit. You can apply for it in almost all countries, and there is no minimum credit score. The annual credit card fee is $29 and includes foreign transaction charges. 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 must also be capable of providing a security deposit. First Progress will not conduct a hard credit review, which can harm your score. A card issuer will not inquire if the applicant doesn't have credit history. The approval process usually takes three weeks. The lender is protected against loss if the security deposit is not received.
No hidden charges
First Progress, a credit card provider, offers fully-featured account with a security deposit and a rotating credit line. Customers who sign up to the card must have an account in their bank. This will save them the hassle of dealing with separate payment vendors. Another benefit is that customers can pay their monthly bills via their bank account.
The First Progress Mastercard, a fully-featured credit card, is available. This card allows consumers to establish new credit and pay their bills on time. It also reports to all three credit bureaus every month. After six months, the company offers its customers a second credit line.