Prosper Credit Card–No Security Deposit Required
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The Prosper Credit Card is a credit card designed for those with fair credit looking to improve their credit rating. You won’t have to put down a security deposit, and you can start with a relatively high credit limit. However, it has a sky-high APY and doesn’t offer any rewards for using the card, so it’s best for users who will pay the entire balance at the end of the month. It has an annual fee of $39, waived for your first year if you sign up for AutoPay before your first statement. We dive into the details and your approval odds in this Prosper Card review.
Our Rating
4.6/5.0
Welcome Offer
None
Annual Fee
$39, waived for your first year if you sign up for AutoPay before your first statement
0% Intro on Purchases
None
Reward Rate
N/A
0% Intro on Balance Transfers
None
Editorial Review
Features & Benefits
| Security | Credit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability |
| Contactless Payments | Apple Pay, Google Pay |
| Benefits | Choose your due date, 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | waived for the first year with autopay |
| Foreign Transaction Fee | 1% of the transaction amount |
| Regular APR | 24.24% to 35.24% (V) APR |
What Credit Score Is Required to Get the Prosper® Card
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 717
Average Approved Credit Score: 732
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 02/12/2022 | TransUnion | ||
| Approved | 02/12/2022 | Experian | ||
| Approved | 02/12/2022 | Equifax |
Pros & Cons
- No security deposit
- Good credit limits
- Annual fee
- No welcome bonus
- No rewards
- High APR
- Foreign transaction fee
What Are the Best Alternatives?
Secured Chime Credit Builder Visa® Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0
Capital One Platinum Credit Card
Rating
4.4
Rewards Range
None
Annual Fee
$0
Capital One QuicksilverOne Cash Rewards Credit Card
Rating
4.4
Rewards Range
1.5%
Annual Fee
$39