For people with limited credit histories, the First Progress Platinum Elite MasterCard® Secured Credit Card offers a way to start building.
What to Like
The First Progress Platinum Elite MasterCard® Secured Credit Card reports monthly to all three major credit bureaus, making it useful for building credit with on-time payments and other responsible use. There’s no minimum credit score or length of credit history needed for approval, and your credit limit may be increased over time without additional deposits.
Look Out For
The card comes with a $29 annual fee. It’s also a secured card, meaning you’ll have to put down a deposit equal to the amount of your initial credit limit.