Credit Cards
Citi® Secured Mastercard® Credit Card review
Unsure if the Citi® Secured Mastercard® Credit Card is the right card for you? Find out everything you need to know in our comprehensive review.
Advertisement
Citi® Secured Mastercard® Credit Card: Build a healthy score with no annual fee and a low security deposit
Do you want to build up your credit score and get the tools to manage your finances? With the Citi® Secured Mastercard® Credit Card, you can.
Citi® Secured Mastercard® Credit Card application
The Citi® Secured Mastercard® Card is a great option for people who are looking to build or rebuild their credit history. See how to apply!
This card offers a great way to start building a positive record, while establishing yourself as someone financially responsible.
- Credit Score: You can qualify with no credit or a limited credit history.
- APR: A variable 26.99% APR applies with the Citi® Secured Mastercard®.
- Annual Fee: Build a healthy score free of annual fees.
- Fees: The Citi® Secured Mastercard® has a 3% foreign transaction fee. Also, a 5% cash advance fee, and a max late fee up to $41.
- Welcome bonus: There’s no current promotion.
- Rewards: The Citi® Secured offers no rewards on purchases.
With this card, you will have access to Citi’s insightful digital banking platforms and customer service resources that are ready to help anytime.
Plus, with no annual fee, this credit card can be just what you need for ensured success when managing money more confidently.
So keep reading our review to find out how the Citi® Secured Mastercard® Credit Card can open up a whole new world of financial freedom and give you back control over your future!
Citi® Secured Mastercard® Credit Card: how does it work?
The Citi® Secured Mastercard® Credit Card is the ideal way to build, rebuild or establish your credit.
It works just like a regular unsecured credit card but requires you to place a security deposit of at least $200 that will work as your spending limit.
Citi® reports your positive payment activity to all three major credit bureaus, making it one of the most helpful ways to establish and maintain a credit profile.
There’s no annual fee, which means the card is a helpful tool that’s inexpensive to own.
With this card, you can enjoy Citi’s 24/7 fraud protection and false charges assistance, as well as great features such as automatic account alerts, contactless payments, and digital wallets.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Significant benefits and disadvantages you may find
Understanding the advantages and disadvantages of this type of credit card can help you decide if it’s the right fit for your financial needs. Check the highs and lowlights of the Citi® Secured Mastercard® Credit Card below.
Benefits
- You can qualify for the Citi® Secured with a limited credit history;
- Citi® reports all account activity to the three main credit bureaus;
- Relatively low security deposit;
- The Citi® Secured has no monthly or annual fee.
Disadvantages
- Having an existing bad score limits your approval odds;
- The Citi® Secured Mastercard® Credit Card offers no rewards program;
- The APR is on the high side, even amongst secured credit cards.
Is a good credit score required for applicants?
This is a secured credit card designed to help people achieve a better rating. So if you’re starting out your credit life and have no credit or a limited credit history, you should be able to get this card.
However, if you have a bad credit score or filed for bankruptcy in the past two years, your approval odds aren’t too great. Citi will review your income and list of pending debt before approving your request.
Learn how to apply and get a Citi® Secured Mastercard® Credit Card
So, are you ready to take the next step and start building credit? Applying for a Citi® Secured Mastercard® Credit Card can be a great way to jumpstart your financial future.
With responsible use, this card provides an easy and secure way to establish good credit history while also giving access to cash advances when needed. Check the link below to see how simple it is to apply.
Citi® Secured Mastercard® Credit Card application
The Citi® Secured Mastercard® Card is a great option for people who are looking to build or rebuild their credit history. See how to apply!
About the author / Aline Barbosa
Trending Topics
Secured Sable ONE Credit Card review
Are you looking for a no-annual-fee card to get nice perks and improve your score along the way? Check out the Secured Sable ONE credit card!
Keep ReadingDiscover it® Student Chrome application: how to get your student credit card
Learn how the Discover it® Student Chrome application process works and how this card can help you with your college expenses!
Keep ReadingCashnGo Loans review: Quickly get the funds that you need!
Read our in-depth CashnGo Loans review to discover how this fast cash lending service provides quick access to funds and transparent fees.
Keep ReadingYou may also like
The Best Apps for Personal Trainers: Boost Your Fitness Training
Find out how you can improve your fitness classes with the best apps for personal trainers! Read on to learn more!
Keep ReadingWhat credit score do you need to buy a house?
Trying to figure out the right credit score to buy a house? Well, you have come to the right place. Read our article and find out!
Keep ReadingSimplii Global Money Transfer review: convenient and inexpensive
Simplii Global Money Transfer review: send money anywhere in the world, using multiple currencies, and paying zero transfer fees.
Keep Reading