Citi® Secured Mastercard®
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The Citi® Secured Mastercard® is to help build credit. There’s no annual fee but there is a minimum deposit requirement of $200 once approved. The card reports to all 3 major credit bureaus every month. You can earn your deposit back after 18 months of responsible use with the card. You may be able to upgrade to an unsecured Citi card, but cardholders report varying levels of success. We dive into the details in this Citi Secured review.
Our Rating
3.0/5.0
Welcome Offer
None
Annual Fee
$0
0% Intro on Purchases
None
Reward Rate
No rewards
0% Intro on Balance Transfers
None
Editorial Review
Features & Benefits
| Security | Zero Liability, Alerts, Identity theft protection |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Free credit score access, Choose your due date, 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% of each purchase transaction in U.S. dollars. |
| Regular APR | 27.74% (V) APR |
Pros & Cons
- No annual fee
- Accepts low credit score
- High APR
- Foreign transaction fee
What Are the Best Alternatives?
Bank of America® Customized Cash Rewards Secured Credit Card
Rating
3.8
Rewards Range
1% - 3% cash back
Annual Fee
$0
Capital One Quicksilver Secured Cash Rewards Credit Card
Rating
3.8
Rewards Range
1.5%
Annual Fee
$0
Secured Chime Credit Builder Visa® Credit Card
Rating
4.5
Rewards Range
N/A
Annual Fee
$0