If you are looking for a way to build up your credit, look into the Premium Elite Secured MasterCard Credit Card by First Progress. This card is similar to the Platinum Horizon Card by First Progress but is different with its black, as opposed to green, color.
Start your card comparison now just by taking advantage of the credit card chaser on this page!
Whether you have no credit or bad credit, this secured credit card is one way to build it up. It takes a little start up money initially, but then you can use it just like any other credit card.
Premium Secured MasterCard Features
The credit score required to get most credit cards is in the good to excellent range. This secured credit card from First Progress allows you to reap the benefits of using a credit card even if you have terrible credit. If you unsure of your credit score, visit a site such as Equifax.
You will need to deposit at least $300 into a dedicated account that will be drawn from every time you use the card. The amount in this account can be as high as $2,000.
There is no special intro APR or balance transfer APR associated with this card. The only APR associated with it is 19.99%. The annual fee to use the card is $29.
Features of a Secured Credit Card
Using a secured credit card helps you to use your money wisely. Your credit line is equal to the amount of money you have already deposited so you don’t have to worry about not being able to pay your bill.
Secured cards help you to build credit without bringing a lot of risk to the card issuer. Along with using a credit card there are other ways to build credit, which is important for a lot of things. The Federal Reserve has some great tips.
A secured credit card is good for students who are just starting out, as well as adults who have struggled with credit issues such as bankruptcy.
Your personal rate comparison can begin now by using the FREE credit card finder!
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