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Platinum Secured Mastercard

Build your credit and improve your financial wellbeing.
Platinum Secured Card

An avenue toward your dreams.

If you have low or no credit history, you can still get the benefits of a Mastercard. This one is just for you.

Perfect for you if:
  • You have never had credit.
  • You need to improve your credit score.
  • You’d like to learn to better manage your finances.

Card Overview

  • Build a positive credit history by using the card responsibly and making payments on time
  • Activity is shared with the three credit bureaus, just like a regular credit card
  • Accepted almost everywhere like any other credit card
  • Secure your spending with an initial deposit that acts as your spending limit
  • Enhanced chip security and contactless payment enabled
  • Added fraud protection with customizable text alerts and controls

Card Details

    Amount Limits1
  • Minimum Deposit Required to Open a Card: $325
  • Maximum Card Limit: $5,000
    Interest Rates2
  • Variable APR for Purchases and Balance Transfers: Currently 18.15%
  • Variable APR for Cash Advances: Currently 21.15%
Fees3
  • Annual Fee: $48 (to begin with the first statement, and then annually thereafter)
Mastercard® Benefits
The Platinum Secured Card comes with Mastercard’s suite of expert services and industry-leading benefits.
Zero Liability
Pay only for purchases that you have authorized on your Mastercard card. Unauthorized purchases are not your responsibility.
EZCardView
Securely monitor your account from anywhere, even your mobile devices, with First Bank’s EZCardView.
Extended Warranty
Most manufacturer warranties are doubled up to one year when you pay with your eligible Mastercard.
Mastercard SecureCode
Automatic protection from fraudulent use of your card information online with participating merchants.
Mastercard Automatic Billing Updater
Automatic billing updater is a convenient way to ensure your recurring payments continue when a new card is issued. This currently works with many national retailers, and we are continuing to expand it to more businesses.
24-hour Mastercard Global Service®
Provides 24-hour assistance with lost and stolen card reporting, emergency card replacement and emergency cash advance.

Credit-building FAQs

Tips and common questions about building a positive credit history from using a secured card.

When you sign up for our secured credit card, First Bank will report the account to the three credit bureaus. Then when you use your card and make your payments on time, you can build a positive credit history that can help you establish new and additional types of credit in the future. The following will help you get the most out of your card:

High utilization can negatively impact your credit score. If do you carry a balance from month to month, don’t let your debt balance exceed 30% of your credit limit.
Responsible card use and on-time repayments will help you build a good credit history.
When you are first building good credit, do your best not to carry a significant balance on the card.
Not only with credit accounts but also with other accounts, such as utility bills. This way, you won’t risk forgetting about your payments.
If you apply for too much credit in too short a period of time, your credit score will fall.
Cards that deliver a little something extra.
Get rewards, great rates and more from your First Bank credit card.
Get The Details
Loans subject to credit approval. See this recent sample Credit Card Agreement and Secure Credit Card Addendum for additional information about the general terms on our credit card products.
  1. Deposit used to secure card acts as spending limit
  2. APRs are current as of 1/10/2019. Ask us about the most current APR and any other cost associated with this card.
  3. See our Disclosure Summary for complete details on rates and fees. ®2019 Mastercard. Mastercard, Debit Mastercard, and the Mastercard brand marks are trademarks of Mastercard International Incorporated.

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