How to apply for the First Progress Elite Card
Check out the First Progress Elite card now, it's one of the most tolerant options for credit scores and a starting point for your credit recovery.
First Progress Elite Card: A Guide to Boosting Your Credit
Are you looking for a credit card that can help you rebuild your credit after bankruptcy? The First Progress Elite MasterCard® Secured Credit Card might be the solution you need. This card offers a competitive annual percentage rate (APR) and a low annual fee.
While the 22.99% variable APR may not be the lowest in the market, the First Progress Elite card stands out for its accessibility. Unlike other secured credit cards, the issuer doesn’t require a minimum credit score or credit history for approval. This makes it an ideal choice for individuals with bad or nonexistent credit.
Applying for the First Progress Elite card is relatively straightforward. You’ll be asked to pay a security deposit (minimum $200), which will determine your credit limit. This deposit is a common requirement for secured credit cards and helps you establish credit. With credit limits ranging from $200 to $2,000, you have the opportunity to gradually improve your credit score over time.
Who Can Apply for the First Progress Elite Credit Card?
To apply for the First Progress Elite credit card, you must be at least 18 years old and a resident of the United States. Some states may have additional requirements, so it’s essential to check for any specific steps you need to take before applying.
How to Apply for the First Progress Elite Credit Card
Applying for the First Progress Elite credit card is a quick and easy process. Simply visit their website and provide the necessary information. You can expect to receive a response within minutes. The best part? There’s no credit check required for this unsecured credit card.
If you encounter any delays in the application process, it’s recommended to reach out to their customer service team to ensure everything is proceeding smoothly.
Is the First Progress Elite Card Worth It?
If your goal is to rebuild your credit, the First Progress Elite Mastercard® Secured Credit Card is a solid choice. Despite the annual fee and lack of additional benefits, this card provides an opportunity for individuals who have experienced bankruptcy to start fresh. As few secured cards offer extra features, the primary focus should be on credit building rather than perks.
First Progress Elite Card vs Revvi Card
If you’re considering a credit card to build credit, both the First Progress Elite and Revvi cards are great options.
The primary difference between the two is the card network they belong to. The First Progress Elite card is a MasterCard, while the Revvi card is a Visa. Choose the one that aligns with your personal preferences.
Another factor to consider is your credit score. The First Progress Elite card is more lenient in terms of accepting individuals with poorer credit. On the other hand, the Revvi card may have stricter requirements. Evaluate your credit situation to decide which card suits you best.
Benefits of the First Progress Elite Card
- Simple application process with quick decision-making
- No credit check required, making your credit history irrelevant
- Reports to all three credit bureaus for easy credit tracking
- Slightly lower ongoing APR compared to other secured cards (22.99% variable)
Benefits of the Revvi Card
- Excellent credit card option (though not as good as the First Progress Elite)
- Enhanced protection due to Visa’s involvement
- 1% cashback on every purchase
- Quick and easy application process with prompt response
How to Apply for the Revvi Card
If you’re interested in applying for the Revvi Card, you can find more information in our dedicated article here.
