The First Progress Secured Mastercard is built for individuals who want a reliable way to establish or rebuild their credit profile in the United States. Instead of relying on traditional approval standards, this card uses a refundable security deposit as collateral, making it accessible to people with limited, fair, or damaged credit histories.
Unlike unsecured credit cards that often deny applicants with past credit challenges, the secured structure of the First Progress card provides a clear and practical entry point into the credit system. By using the card responsibly and making on-time payments, cardholders can begin generating positive credit activity that supports long-term financial improvement.
Operating on the Mastercard network, the First Progress Secured Mastercard is accepted at millions of locations worldwide. This broad acceptance allows users to incorporate the card into everyday spending, including online purchases, bill payments, and essential expenses.
A Structured Path to Credit Improvement
Advantages
- Accessible approval model: Designed for individuals who may not qualify for unsecured credit cards due to limited or poor credit history.
- Reports to all three major credit bureaus: Monthly reporting helps build a consistent payment history when balances are managed responsibly.
- Worldwide Mastercard acceptance: Use the card for everyday transactions wherever Mastercard is accepted.
- Refundable security deposit: Your deposit determines your credit limit and can be returned when the account is closed in good standing.
- Supports responsible credit behavior: Encourages low utilization and timely payments, which are key factors in credit scoring models.
Considerations
- Security deposit required: Funds must be provided upfront to open the account.
- Fees and interest apply: Annual fees, APR, and late payment charges may be part of the card’s cost structure.
- No rewards program: The card is designed for credit building rather than cashback or travel benefits.
Why Should You Consider This Card?
The First Progress Secured Mastercard is best viewed as a credit-building tool, not a rewards or financing product. Its primary value lies in accessibility and reporting, allowing users to demonstrate responsible credit use over time.
For individuals who are new to credit or working to recover from past financial issues, this card offers a structured way to re-enter the credit market. Each on-time payment contributes to a positive credit history, which can improve eligibility for future financial products with lower costs and more benefits.
The secured nature of the card also promotes disciplined spending. Because your credit limit is tied directly to your deposit, it naturally encourages mindful use and manageable balances. Over time, consistent performance with this card can help establish the foundation needed to qualify for unsecured cards or other forms of credit.
Who Is This Card Best For?
The First Progress Secured Mastercard may be a good fit for individuals who:
- Have limited, fair, or poor credit history.
- Want a secured credit card to establish or rebuild credit.
- Prefer a simple, predictable credit product without complex rewards systems.
- Can commit to paying balances on time and keeping utilization low.
This card is not intended for users seeking cashback, travel rewards, or low-cost borrowing. Instead, it serves those who prioritize building a solid credit foundation and improving their financial profile step by step. The First Progress Secured Mastercard provides a practical starting point for credit growth. With broad acceptance and consistent reporting, it helps users take control of their credit journey and work toward stronger financial opportunities in the future.
