Citi® Secured Mastercard®

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.

Citi Secured Mastercard

Our Rating

3.0/5.0

Welcome Offer

None

Annual Fee

$0

0% on Purchases

None

Reward Rate

No rewards

0% on Balance Transfers

None

Features & Benefits

SecurityZero Liability, Alerts, Identity theft protection
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
BenefitsFree credit score access, Choose your due date, 24/7 customer service
Travel PerksNone

Rewards

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee3% of each purchase transaction in U.S. dollars.
Regular APR27.74% (V) APR

Pros & Cons

Pros

  • No annual fee
  • Accepts low credit score

Cons

  • High APR
  • Foreign transaction fee

What Are the Best Alternatives?

Bank of America® Customized Cash Rewards Secured Credit Card
Bank of America® Customized Cash Rewards Secured Credit Card

Rating

4.8

Rewards Range

1% - 3% cash back

Annual Fee

$0

Capital One Quicksilver Secured Cash Rewards Credit Card
Capital One Quicksilver Secured Cash Rewards Credit Card

Rating

4.8

Rewards Range

1.5%

Annual Fee

$0

Secured Chime Credit Builder Visa® Credit Card
Secured Chime Credit Builder Visa® Credit Card

Rating

4.5

Rewards Range

N/A

Annual Fee

$0

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