Summary of Terms for 
First Progress Secured 
Credit Cards (Page 1) 
As of 11/15/2019 

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 ($40 effective January 1, 2020) 

Up to $28 ($29 effective January 1, 2020) 

How We Will Calculate Your Balance: We use a method called “daily balance”.   See the Cardholder Agreement for more details. 

FPPT-010516-111519