Apply for First Progress Credit Card: Applying for a First Progress Credit Card is a smart move if you’re looking to build or rebuild your credit score. Even if you have no credit history or past financial troubles, this secured credit card gives you a fresh start. Here’s everything you need to know about the application process, eligibility, and tips for approval.
What is a First Progress Credit Card?
The First Progress Credit Card is a secured credit card backed by a refundable deposit. It’s designed to help people with no credit or poor credit establish a positive credit history.
Who Should Apply?
This card is ideal for:
- Students or young adults with no credit
- People recovering from bankruptcy
- Anyone looking to boost their credit score over time
Benefits of Getting a First Progress Credit Card
Build or Rebuild Credit
First Progress reports your payment history to all three major credit bureaus—Equifax, Experian, and TransUnion.
Reports to All Three Bureaus
This means every on-time payment helps build your credit, making it easier to qualify for better cards or loans later.
Low Entry Barrier
With no minimum credit score required, almost anyone can apply and get approved—especially helpful if other banks have turned you down.
Eligibility Requirements
Age & Identity Verification
You must be at least 18 years old and provide:
- Social Security Number
- Valid ID
- Proof of U.S. address
U.S. Residency
Applicants must be U.S. residents or citizens. PO boxes are typically not accepted.
No Credit History Needed
This card doesn’t require a credit check, so it’s great for beginners or those rebuilding.
Types of First Progress Credit Cards
There are three options, each with different fees and APRs:
Platinum Prestige Mastercard®
- Lowest APR (good if you carry a balance)
- Annual fee: $49
Platinum Select Mastercard®
- Balanced option
- Annual fee: $39
Platinum Elite Mastercard®
- Lowest annual fee: $29
- Higher APR
Step-by-Step Application Process
Step 1: Choose the Right Card
Compare the three options and pick the one that fits your needs based on fees and interest rates.
Step 2: Visit the Official Website
Go to the First Progress website (www.firstprogress.com) and click on “Apply Now.”
Step 3: Complete the Online Application
Fill out your:
- Full name
- Social Security Number
- Address
- Employment & income details
Step 4: Fund the Security Deposit
You’ll need to provide a minimum deposit (usually $200–$2,000). This amount becomes your credit limit.
Step 5: Review and Submit
Double-check everything and hit “Submit.” You’ll get a confirmation email once your application is received.
What Happens After You Apply?
Application Review Timeline
Most applicants hear back within 7-10 business days, though it can be faster if no additional documents are needed.
Approval Notification
Once approved, you’ll get your card in the mail within 10-14 days.
How to Fund Your Secured Credit Card
Minimum Deposit Requirements
You need to deposit at least $200, but more is better for a higher credit limit and lower utilization ratio.
Payment Methods
Accepted funding methods include:
- Bank transfers (ACH)
- Debit card payments
How to Use Your First Progress Card Wisely
Make Timely Payments
Never miss a due date—this is the most important factor in building credit.
Keep Utilization Low
Spend less than 30% of your credit limit to maximize your score potential.
Monitor Your Credit Score
Use apps like Credit Karma or your bank’s tools to keep track of your progress.
Common Mistakes to Avoid When Applying
- Submitting incomplete applications
- Entering incorrect bank information
- Failing to read the terms and conditions
Alternatives to First Progress Credit Cards
If you’re still unsure, consider these alternatives:
| Card | Annual Fee | Highlights |
|---|---|---|
| Discover it Secured | $0 | Cashback rewards, free FICO score |
| Capital One Secured Card | $0 | May qualify for a higher limit over time |
| OpenSky Secured Visa | $35 | No credit check required |
How to Upgrade or Cancel Your Card
Can You Graduate to Unsecured?
Unlike some secured cards, First Progress does not currently offer a path to an unsecured card. You’d need to apply for a new card and close the account once your credit improves.
Steps to Cancel Without Penalty
- Pay off your balance
- Call customer service to close the account
- Receive your deposit refund in 8–10 weeks
Customer Support & Help Resources
Need help? Here’s where to go:
- 📞 Customer Service: 1-866-706-5543
- 🌐 FAQ Page
Real User Reviews and Experiences
Trustpilot & Reddit Insights
Many users say First Progress helped them build credit quickly—but some complain about slow deposit refunds or customer service delays. Always read the fine print.
FAQs About Applying for First Progress Credit Card
1. What is a First Progress Credit Card?
A First Progress Credit Card is a secured credit card designed primarily for individuals looking to build or rebuild their credit history. By requiring a refundable security deposit, which also serves as your credit limit, it helps in establishing a credit score safely.
2. How can I apply for a First Progress Credit Card?
Applying for a First Progress Credit Card is straightforward. You can apply online by filling out an application on the First Progress website. Ensure you have your personal information, financial details, and a form of identification ready.
3. What are the requirements to be eligible for this card?
To be eligible for a First Progress Credit Card, you must be at least 18 years old, have a valid Social Security number, and reside in the United States. Additionally, you need to provide a security deposit, which will determine your credit line.
4. How long does it take to get approved?
Approval times can vary, but typically, you can expect a decision on your application within two to three weeks. This includes the time needed to verify your information and process your security deposit.
5. What should I do if my application is denied?
If your application is denied, First Progress will provide a letter explaining the reasons for denial. You can improve your chances by addressing these issues and reapplying in the future or consider applying for a different type of secured card.
6. How can I increase my credit limit?
You can request a credit limit increase on your First Progress Credit Card by adding to your security deposit. The process is simple and can be initiated through your online account or by contacting customer service.
7. Are there any fees associated with this card?
Yes, the First Progress Credit Card comes with an annual fee, and there may be additional charges for late payments, returned payments, or increasing your credit limit. It’s important to review the terms and conditions to fully understand the fee structure.
8. How will this card help improve my credit score?
By making timely payments and keeping your balance low, you demonstrate responsible credit behavior. First Progress reports your activity to the three major credit bureaus—Experian, TransUnion, and Equifax—helping to build or improve your credit score over time.
Conclusion
The First Progress Credit Card is one of the easiest and most accessible ways to start building your credit in 2024. Whether you’re fresh out of school, recovering from a financial setback, or just starting your financial journey, this secured card provides a strong foundation. Just follow the steps, use it responsibly, and watch your credit grow!
