First Progress Platinum Prestige Secured Mastercard
By Alex Compton · Last verified
The lowest APR in the secured card world, if you are willing to pay for it.
Welcome Bonus
None
No welcome offer
Spend Requirement
None
Annual Fee
$49
3% FTF
Credit Score
None
required (no minimum score)
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
No numeric welcome bonus recorded
This product has no points- or cash-denominated offer to plot. Dated no-offer observations, non-points benefits, corrections, and primary-source links remain preserved in the table below.
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-10-12 | $0 | No recorded spend | Terms reconfirmedNo welcome offer | First Progress Platinum Prestige page and disclosures → |
| 2026-06 | $0 | No recorded spend | Earliest recordNo welcome offer | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- changed
APR now 13.74%; Elite tier gone, only Select ($39, 17.74%) and Prestige ($49) remain.
Fields: benefits, cons, ourTake, applyUrl
First Progress Platinum Prestige page and disclosures →
Source checked 2026-10-12 · spot an outdated offer? Report a correction above.
Earning Rates
- 1xCash back on payments made to the account
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦13.74% variable APR, the lowest of any major secured card
- ✦1% cash back earned on payments
- ✦Refundable deposit from $200 up to $2,000 sets your line
- ✦No minimum credit score and no credit history required
- ✦Reports to all three credit bureaus monthly
Why it earns its spot
- +By far the cheapest secured card to carry a balance on
- +Approval is realistic after serious credit damage
- +Deposit range up to $2,000
Where it costs you
- −$49 annual fee is the higher of the two First Progress tiers
- −No graduation path to an unsecured card
- −Sibling Select ($39 fee, 17.74% APR) is cheaper if you never carry a balance
The Compound Verdict
First Progress now sells this card two ways: the Select at $39 with a 17.74% APR, and this Prestige at $49 with a 13.74% APR that embarrasses the rest of the category. The math is simple. If you will ever revolve a balance while rebuilding, pay for the Prestige. If you always pay in full, buy the Select and keep the $10.
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