How to apply for the First Progress Elite Card
One of the most tolerant cards regarding credit scores. The First Progress Elite is the beginning of your credit recovery. Check it out now!
What do I need to know about the First Progress Elite card?
Even while few cards are likely to offer a standard APR as low as the First Progress Mastercard® Secured Credit Card, it may be the sole option for people whose completed bankruptcy is still displayed on their credit report.
The First Progress Elite MasterCard® Secured Credit Card has a very low annual fee and a competitive annual percentage rate (APR). The highest variable APR on purchases is offered by this card at 22.99%, despite the low $29 annual fee.
You won’t find that APR on as many other secured credit cards, even though it is by no means a low APR. However, you shouldn’t get one due to the card’s interest rate. Consider it instead because its issuer can apply without a minimum credit score or credit history. It should be emphasized that while it might be helpful if your credit is bad or nonexistent, it does not ensure approval.
You won’t have to jump through many hoops to get approved, but you will still be required to pay a sizable security deposit (minimum of $200), which will serve as your credit limit. Paying a deposit is a typical trade-off for establishing credit with a secured credit card, though.
The First Progress Elite Mastercard Secured Credit Card is designed to help customers develop credit and has no credit check or history requirements.
Credit limits between $200 and $2,000 are available, depending on the size of your initial deposit. Additionally, First Progress reports to all three credit bureaus, making it easier to progressively improve your credit score over time.
Who can apply for the First Progress Elite credit card?
To apply for a First Progress Elite credit card, you must be 18 years of age and a resident of the United States. Some states have additional requirements, so be sure to check that there are no additional steps you need to take in order to apply for the card.
Once you have met the basic requirements, you can begin the application process.
How to apply for the First Progress Elite credit card?
To apply for a First Progress Elite credit card, simply go to their website and fill out the required information.
The application process is quick and easy, and you will generally receive a response within minutes.
No, really, it is that simple. As an unsecured credit card, you don’t need to do any credit check, which narrows down the application period abruptly.
If it makes more than a few days, you get in touch with them because it probably was some kind of bug on their systems that you were not already notified of.
Is it worth it to have the First Progress Elite Card?
Overall, it is a great credit card if you are interested in boosting your credit.
Despite its annual fee and lack of benefits, the First Progress Elite Mastercard® Secured Credit Card may be one of the only reasonable options for people who have suffered bankruptcy and need to start over, even though we wouldn’t call it “prestigious.”
Since few secured cards offer extra features, you shouldn’t be concerned about the First Progress Elite Mastercard Secured Credit Card’s lack of further advantages beyond credit building.
First Progress Elite Card vs Revvi
Truth be said, those are amazing cards if you are willing to build credit.
The major two things to take into consideration are that the First progress Elite is a MasterCard and the Revvi is a Visa card. So, you may choose what pleases you the most.
On the other hand, depending on your credit score, the First Progress Elite is more tolerable on how bad your credit can be, while the Revvi is not too much. So, maybe you will be kind of forced into choosing one of the others regardless.
First Progress Elite Card benefits
- The card offers a straightforward application process, swift decision-making, and the opportunity for acceptance even without a credit history.
- There is no necessity for a credit check, which effectively renders your credit history irrelevant. This is a rare plus for anyone attempting to develop or restore credit.
- First Progress reports to all three credit agencies for easy and precise tracking of your credit-building efforts.
- Its ongoing APR is slightly lower than those of other secured cards (22.99 percent variable).
Revvi card benefits
- Excellent credit card (not as good as the First Progress Elite)
- There are some protective processes because Visa is involved.
- 1% cashback off every purchase
- Easy and quick application; prompt response
How to apply for the Revvi card
If you want to look out at how to apply for your Revvi Card, make sure to take a look at our article here