Columbus, GA (PressExposure) January 17, 2012 -- First Progress Card ( http://www.FirstProgress.com ) has announced the nationwide rollout of its new credit card program designed to help consumers build or re-build their personal credit standing. The First Progress Platinum MasterCard® Secured Credit Card reports activity to all three consumer credit bureaus every month in order to speed the accumulation of new credit history for cardholders.
The new First Progress Card offers a competitive APR and low Annual Fee, making it an attractive option for those interested in applying for a new secured credit card. As a secured card available through the First Progress website, the new First Progress Card will allow customers with bad credit or a lack of credit history to carry a major platinum bankcard with a credit limit based on a refundable security deposit provided by the cardholder. Secured cards are becoming more popular as a result of the financial crisis, as millions of Americans experienced credit issues while banks and credit card companies tightened the requirements for obtaining unsecured credit. By reporting new credit activity to the credit bureaus every month, secured cards help consumers to speed the accumulation of new credit history to improve their credit scores.
"We are proud to offer consumers a full-feature Platinum MasterCard® that can help them improve their credit scores, all for less than they might pay for month-to-month prepaid or debit-card options that do nothing to improve their credit," said Pat Johnson, spokesperson for First Progress. "We live in a world where your credit score can determine whether you can buy a home, how much you pay for insurance, and even whether you can qualify for phone, internet, or cable services. Prospective landlords and employers routinely look at applicants' credit scores. Yet using prepaid or debit cards that don't report to the credit bureaus will do nothing to improve your credit."