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First Progress Select Secured Mastercard®

First Progress Select Secured Mastercard®
  • Earn Up To 10% Cash Back on everyday shopping with your First Progress Card, plus another 1% back on payments!^^
  • Apply with no impact to your credit!2
  • The first step to rebuilding your credit starts with just $200!¹
  • Choose the First Progress Select Card for a lower annual fee!
  • All credit types welcome to apply!
  • Build your credit history across 3 major credit reporting agencies: Equifax, Experian and TransUnion.¹
  • ¹Cardholders who keep their balance low and pay their credit card bill on time every month typically do see an increase in their credit score.
  • 2We may pull a soft inquiry of your credit. Soft inquiries do not impact your credit score.
  • ^^The 10% cash back rate is available only at a limited number of participating merchants. Offer percentages vary by merchant and are subject to change. See First Progress Rewards Program Terms & Conditions for details.
  • *See Important Disclosures for complete offer details
Learn More
Purchase APR Rate: 17.49% (V) - Rewards Rate: Up To 10% Cash Back on Purchases + 1% on Payments^^ - Annual Fee: $39 - Credit Needed: Poor/Limited/No Credit - Credit Line: Minimum refundable deposit of $200.00 up to $2,000.00*

Our take on First Progress Select Secured Mastercard®

What it feels like to use a secured card while rebuilding your credit

Everyday practicality without the drama

You’re not chasing luxury here. This card works as a predictable everyday tool: groceries, gas, a streaming bill, and the occasional online purchase. Because it’s secured, your available limit starts tied to a refundable deposit you put down (typically a few hundred dollars). The goal isn’t to bankroll splurges but to keep a steady, responsible flow of charges and on-time payments. Applying with this card can be a soft inquiry, so you can test the waters without dinging your score. The result is a straightforward way to cover day‑to‑day needs while you rebuild, without the anxiety of a high-risk unsecured line.

Credit-building dynamics that you can feel

Every on-time payment and each statement paid in full becomes part of a longer track record. The card reports activity to all three major credit bureaus, which matters when you’re trying to show a positive history across the board. The deposit-backed limit means you’re building a habit, not chasing a large limit from the start. You’ll probably notice a slow, quiet improvement in your credit profile over months as you stay consistent. It’s not flashy, but it is real progress when you commit to the rhythm of paying on time and keeping balances low.

Rewards reality: what you can actually count on

  • Up to 10% cash back on select purchases, but it’s merchant dependent and not guaranteed to show up every cycle.
  • Most everyday spending earns a modest 1% cash back.
  • The annual fee means you should actively use the card to justify the cost; otherwise the fee will eat into any small rewards.
  • Redeeming rewards is simple, but don’t expect big payouts month after month.

Tradeoff Spotlight: The quiet costs that hide in plain sight

The price of this path is a small annual fee and a requirement to keep balances low to maximize benefit. If you don’t actively use the card or you miss payments, the value erodes quickly. It’s built for building credit, not for chasing top-tier perks or big travel bonuses. The line is secured, so your real limit grows only as you increase your refundable deposit; if you want a higher limit without cash tied up, this card isn’t the right fit. You’ll also want to manage expectations about the 10% back—it comes with merchant limits and can be inconsistent.

Match Makers: This card fits you if you’re actively rebuilding with a plan

This fits you if you’re willing to put a plan in place: spend on needs you’d buy anyway, pay in full each month, and use the card to demonstrate reliable payment history across bureaus. You’ll feel a quiet sense of momentum when you see small score bumps after a few consecutive on-time payments. It’s especially sensible if you want a reliable, non-flashy way to prove you can handle a line of credit responsibly while you work toward unsecured options.

Warning Signals: This may frustrate you if you expect instant, high-value perks

Don’t expect big, immediate windfalls. The 10% tier is conditional and not guaranteed for every purchase; you’ll rely on routine 1% earnings for most spend. The annual fee can sting if you’re not actively using the card for building credit. If you want a card that feels like a premium rewards engine with no cash deposit, this isn’t it. Patience and disciplined usage are essential to extract real value from this setup.

Real-World Usage Snapshot

Scenario: In a typical month, you put groceries around 320 dollars, gas about 120 dollars, a streaming service 12 dollars, a utility bill ~140 dollars, and online shopping around 60 dollars. You charge these and pay the full statement balance by the due date to avoid interest. You’re mindful of the 39-dollar annual fee and you track rewards, which net you a few dollars here and there. You see your credit history building across all three bureaus as you maintain on-time payments. If you want a higher limit later, you can consider increasing your deposit, which supports a larger line without taking on more debt. The card stays in your wallet not for flashy perks, but as a steady backbone for credit-building while you work toward unsecured options.

Final Take: steady, long-game value for rebuilding credit

This card won’t transform your wallet overnight, but it delivers a dependable path to responsible credit. With disciplined use—pay on time, keep balances low, and treat the deposit as your true limit—it can quietly become a durable part of a longer-term strategy. The value is easy to maintain if you stay focused on building credit, not chasing quick rewards.

What the community is saying about the First Progress Select Secured Mastercard®

Deposit refunds: slow, opaque, and unpredictable

Customers describe the deposit refund process as taking months after closing. One person waited over two months and was told refunds could take up to 70 days, with an option to speed things up only by sending a letter. There are reports of checks mailed on certain dates that never arrived or needed to be resent, leaving many frustrated and worried about getting their money back.

Payment experience: strict, cumbersome, and sometimes costly

Many users complain about paying the bill being a hassle. Some say there is no convenient online payment option and must rely on bank bill pay or mail services, which can take weeks. Others note late fees even when they paid on time, and in some cases the card becomes unusable if a payment is late, which adds to the frustration. The lack of modern payment tools makes management feel clunky.

Customer service and reliability: a mixed bag

Feedback on support ranges from praise for helpful, accessible representatives to outright criticism of inconsistent or slow service. A few reviewers report pleasant, responsive help, while others describe customer service as ineffective or unhelpful, leaving problems unresolved and trust eroded.

Overall value: not worth the hassle for many

Several reviewers warn that the card isn’t worth the trouble, especially for building credit when deposit refunds and payment friction add risk and stress. The card is described as outdated—no chip, clunky design, and a non-user-friendly website—and some compare it unfavorably to other issuers. While a few view it as a basic starter option, the prevailing sentiment is to look for alternatives with smoother deposits, payments, and features.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

“Disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.”