Summary of Terms for 
First Progress Secured 
Credit Cards (Page 1)
As of 2/1/2019

Interest Rates and
Interest Charges

Platinum Elite 
MasterCard®  Secured 
Credit Card

Platinum Select 
MasterCard®  Secured 
Credit Card

Platinum Prestige 
MasterCard®  Secured 
Credit Card

These APRs will vary with the market based on the Prime Rate

Annual Percentage
Rate(APR) for Purchases

Prime Rate plus
Margin of 15.24%*

Prime Rate plus
Margin of 9.24%*

Prime Rate plus Margin 
of 5.24%*

APR for Cash Advances

Prime Rate plus
Margin of 20.24%*

Prime Rate plus
Margin of 15.24%*

Prime Rate plus Margin 
of 14.24%*

Paying Interest

Your payment due date is at least 25 days after the close of each billing cycle. W
e will not charge you interest on purchases if  you pay your entire balance by the
due date  each  month.  We  will  begin  charging  interest  on  cash  advances  on  the
date of the cash advance.

Minimum Interest Charge

If you are charged interest, the charge will be no less than $1.50

Fees

Annual Fee

Transaction Fees

     Cash Advance

$29

$39

$49

Either $10.00 or 3% of the amount of each Cash Advance, whichever is greater

     Foreign Transactions

3% of the transaction amount

Penalty Fees 

     Late Payment 

Returned Payment

Up to $39 

Up to $28 

How We Will Calculate Your Balance: We use a method called “daily balance”.   See the Cardholder Agreement for more details.

FPPT-010516-020119