The First Progress Platinum Elite Mastercard® Secured Credit Card does not have a minimum score requirement for new applicants. You can apply and qualify for this card even if you have a bad rating or no credit history.

If you want to own a First Progress Platinum Elite Mastercard® Secured Credit Card, you’ll have to pay a $29 annual fee, which is fairly low. However, that is not the only fee attached to the card. There’s also a 3% foreign transaction fee, a 3% cash advance fee, and a max late fee up to $41.

The First Progress Platinum Elite Mastercard® Secured Credit Card belongs in the secured segment, which means your initial security deposit works as your spending limit. You can choose any amount between $200 and $2,000. You can request an increase over time by calling customer support, but the maximum amount you can deposit on this card is $5,000.