Home / Credit cards / First Progress Prestige Mastercard® Secured
Pinnacle Bank, dba Synovus BankFirst Progress Prestige Mastercard® SecuredConceptual illustration
Illustration only. Actual card design may vary.
Secured credit card · Pinnacle Bank, dba Synovus Bank

First Progress Prestige Mastercard® Secured

The Prestige variant combines a lower purchase APR with a recurring annual fee and a deposit.

Prestige variantAnnual fee appliesDeposit required
See current issuer offer ↗

Issuer terms checked 2026-10-15 · Our editorial approach

Annual fee$49
Purchase APR13.74% variable
Annual fee$49
Account typeSecured credit card
The CardsReviews take

Weigh the lower APR against the annual fee.

Prestige has a lower checked purchase APR than several cards in this catalog, but the annual fee is a recurring cost even when you pay in full. Its cash-back reward is tied to qualifying payments rather than a blanket purchase rate.

Consider it if: you want to compare the specific Prestige terms, not blend First Progress variants.
What stands out

The advantages.

  • 13.74% variable purchase APR in the checked disclosure.
  • No minimum credit score or prior history advertised.
  • 1% cash back on qualifying payments under program rules.
What to weigh

The trade-offs.

  • A $49 annual fee and a $200 minimum deposit.
  • 3% foreign transaction fee.
  • Cash-advance minimum fees and optional design charges can add cost.
The offer, unpacked

Rates, rewards & requirements.

The details below describe the checked offer. Your assigned terms and eligibility may differ.

Rates & fees

Annual fee
$49
Purchase APR
13.74% variable
Introductory APR
No introductory APR advertised in the checked offer
Balance transfer fee
No balance-transfer offer specified in the checked disclosure
Foreign transaction fee
3% of transaction amount
Cash advance APR
22.74% variable
Cash advance fee
Greater of $10 or 3%
Late payment fee
Up to $41
Returned payment fee
Up to $30
Minimum interest charge
$1.50 if interest is charged
Purchase grace period
Due date at least 25 days after closing; pay entire balance on time

Rewards & account essentials

Rewards
1% cash back on qualifying payments, not a blanket reward on purchases
Welcome offer
No welcome bonus advertised in the checked offer
Security deposit
$200 minimum, held in a non-interest-bearing deposit account
Optional card design
Premium plastic design may add a one-time $9.95 charge; optional
Credit history
No minimum score or prior credit history advertised; approval still subject to application requirements
Reward basis
Qualifying payments; review program terms before estimating cash back
Put the terms side by side

Other cards to consider.

Account types and approval requirements differ. This comparison does not predict which card you can obtain.

A closer look

How it works in real life.

Prestige, Select and Elite are different offers

This profile covers First Progress Prestige specifically. Do not combine its purchase APR with another variant’s annual fee. The issuer’s older comparison page contains different rate figures, so the current dated Prestige application disclosure is the pricing source used here.

Compare the recurring fee with your repayment habits

A lower purchase APR can reduce interest relative to a higher-rate offer, but the annual fee remains a cost even if you pay every statement in full. A comparison should use the same balance, payment and time period. If you intend to avoid purchase interest entirely, focus on the recurring fee, deposit requirements and account features that you actually need.

Cash back is based on payments

The advertised reward is tied to qualifying payments rather than being a blanket purchase reward. Hypothetical qualifying payments of $1,200 at 1% would produce $12 before exclusions. Against a $49 annual fee, that leaves $37 of fee cost before interest or other charges. The example is not a reason to carry a balance or make extra purchases.

Set aside enough cash for collateral and bills

The minimum deposit is money committed to the secured account; it does not settle later purchases. For a hypothetical $200 deposit and $80 purchase, the deposit remains collateral while the $80 still requires repayment. Include any account fee in the available-credit calculation, using the exact opening terms.

Small transactions can have disproportionate fees

A hypothetical $100 cash advance would incur the $10 minimum fee because 3% of $100 is only $3. Interest and any separate ATM charge can add to that cost. A $1,000 foreign transaction subject to the 3% fee adds $30 before exchange-rate effects. Consider those costs before choosing this as a travel or emergency-cash card.

Alternatives to compare

Capital One Platinum Secured and Discover Secured do not charge an annual fee in the offers checked here, but their APRs and other conditions differ. Eligible members can also compare Navy Federal cashRewards Secured.

Questions before applying

Does “no minimum credit score” guarantee approval?

No. The application must still satisfy the issuer’s requirements.

Is the premium card design necessary?

No. Evaluate an optional design fee separately from the financial features.

Does the annual fee disappear if I do not use the card?

Do not assume that inactivity removes a recurring fee. Read the account’s billing and closure conditions.

Editorial profile prepared October 15, 2026. Examples are hypothetical and do not predict approval, an assigned limit or a personal outcome. Editorial review is pending.

Transparent by design

Sources & offer notes.

Product facts come from issuer sources. Our commentary and hypothetical examples explain the trade-offs.

This is the Prestige variant, not Select or Elite. Current Prestige disclosure is dated October 6, 2026. Older comparison pages show 13.49%; the current dated disclosure is used here. Read the rewards eligibility rules.