Citi® Secured Mastercard® Review

Our Detailed Review of This Card

Apply for This Card

Citi® Secured Mastercard® (a NextAdvisor advertiser) is a good choice for anyone with a limited (or no) credit history. It can help you build a credit history by taking positive actions like paying your bill on time each month. It offers the same functionality as a regular credit card, and works and looks the same way. The only difference is that it is a secured card, requiring a security deposit between $200 and $2,500 to "secure" your purchases. Your credit limit is equal to the amount of your security deposit. And there is no annual fee to pay, a huge perk when it comes to secured cards as they typically charge one.

Secured Credit Card

  • Guaranteed by your funds, which act as a "security deposit" in case you default on the loan extended by the credit card company.
  • Security deposit will be refunded in full if your account is up-to-date and paid on time when you close out your card.
  • Looks and works like any other credit card, so it won't be apparent to others that this is a secured card.
  • You fund the card by depositing between $200 and $2,500 into a FDIC-insured account. The deposit amount is based on your credit history.

Helps Credit History
  • Helps boost your credit history by reporting to all three credit bureaus every month so you can establish or build your credit.
  • Looks like any other credit card on the credit reports - there is no indication that you have a secured card.
  • If you make your payments on time, you can help improve your credit score with good payment behavior.

Fees and APR
  • Annual Fee: $0
  • Purchase APR: 24.49%* (Variable)
  • Balance Transfer APR: 24.49%* (Variable)
  • Balance Transfer Fee: 3% of each balance transfer; $5 minimum.

Apply for a Citi® Secured Mastercard®

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.

If you have a question or concern we haven't answered on our site, please let us know. Due to volume, we aren't able to respond to every question, but we answer as many as we can.

About Us Blog Contact Us Terms & Privacy Policy Site Map
Copyright© 2006 - 2018 - All rights reserved.

Advertiser Disclosure: NextAdvisor is a consumer information site that offers free reviews and ratings of online services. Many of the companies whose services we review provide us compensation when someone who clicks from our site becomes their customer. This is how we make money to support our site. The results of our analyses, calculators, reviews and ratings are based on objective quantitative and qualitative evaluation of all the cards on our site and are not affected by any compensation NextAdvisor may receive. Compensation may impact which products we review and write about and where those products appear. We do not review all products in a given category. All opinions expressed on this site are our own.