The First Progress Secured Platinum MasterCard® Credit Card is one of the best secured credit cards issued by Synovous Bank with great incentives for people who are struggling with a bad credit. No good credit or little credit is required of the applicants. Provide a minimum security deposit and identity proof, you are instantly qualified for the applacation.

Fees
Annual fee: $39.
Cash advance fee: $10 or 3% of each advanced amount, whichever is greater.
Late payment fee: up to $35.

APR
14.99% for all purchases and 19.99% for cash advance. Free of APR during the introductory period, which lasts 25 days. You can avoid paying the interest by paying on time at full.

Credit limit
You can choose a credit limit between $300 and $2000 based on your security deposit. The initial maximum credit is $2,000, but you can extent it up to $5,000 over time if you present trustworthiness in your credit. Unlike a checking account, you won’t earn any interest for your deposit. There’s no need to worry about losing your security deposit, because it is insured by the FDIC in case the bank declares bankcruptcy.

Free online account.
Applications for the card are only available online and not by phone so as to avoid identity theft and fraud. You can enjoy the convenience of checking out your account on line any time you want.

Get instant approval once you have made online appilcation.

Regular report to 3 major credit rating bureaus. This is extremly helpful for those who are working on rebuilding their terrible credit.

With a low level of annual fee, APR and interest rate, the First Progress Secured Platinum MasterCard is one you should consider if you are in desperate need of restricting your economic behavior and rebuilding your credit.