Citi® Secured Mastercard® review

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Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$200.00
Interest Rate: Purchases
24.49% (Variable)
Balance Transfer
24.49% (Variable)


7.4/10
Informr score
The Citi® Secured Mastercard® currently has an Informr score of 7.4 out of 10. This score is based on our evaluation of 19 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Citi® Secured Mastercard® is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA
Yes Provide a minimum security deposit of $200.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Compare Cards

The ongoing APR of 24.74%* (Variable) is relatively low compared to other cards secured cards. Consumers have to start somewhere with building credit, and the Citi Secured Mastercard is a great option because it does not have an annual fee.

- Compare Cards
LendEDU

It’s better than most secured credit cards on the market, but it’s not the best option. Still, it’s a worthwhile basic card for working toward a higher credit level, and with no annual fee, you can keep this card open for the long term, which will help establish a longer credit history.

- Hillary Dooley, LendEDU
SmartAsset

All in all, the Citi Secured MasterCard is a solid secured credit card. Its APR rates and fees are pretty standard as far as secured credit cards go. The lack of an annual fee is a plus, however, since not all secured cards have that feature.

- SmartAsset
CreditCards.com

A good starter card for those who are new to credit, the Citi Secured Mastercard allows cardholders to jumpstart their credit history without committing to a high annual fee.

- Kelly Dilworth, CreditCards.com
Cardcruncher

The Citi® Secured Mastercard® can help you build or rebuild your credit—and with no annual fee. The card features a low required security deposit, asking for just $200 to open the account. Your money will be held for a term of up to 18 months. After that period, Citi will automatically assess your a...

- Cardcruncher

Details


Interest Rates
Regular APR Interest Rate 24.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate 24.49% (Variable)

This APR will vary with the market based on the Prime Rate.

Cash Advance Interest Rate 27.24% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 3%

Minimum of $5

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $35.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases No
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits

Trip Cancellation & Interruption Protection

Eligibility
Minimum Security Deposit $200
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
Suggest a correction

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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

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Critic Reviews


Compare Cards

Can be a great tool for building a good credit history

Compare Cards

The ongoing APR of 24.74%* (Variable) is relatively low compared to other cards secured cards. Consumers have to start somewhere with building credit, and the Citi Secured Mastercard is a great option because it does not have an annual fee.

Read full review

The ongoing APR of 24.74%* (Variable) is relatively low compared to other cards secured cards. Consumers have to start somewhere with building credit, and the Citi Secured Mastercard is a great option because it does not have an annual fee.

Read full review

Less

LendEDU

A good basic starter card

from LendEDU

It’s better than most secured credit cards on the market, but it’s not the best option. Still, it’s a worthwhile basic card for working toward a higher credit level, and with no annual fee, you can keep this card open for the long term, which will help establish a longer credit history.

Read full review

It’s better than most secured credit cards on the market, but it’s not the best option. Still, it’s a worthwhile basic card for working toward a higher credit level, and with no annual fee, you can keep this card open for the long term, which will help establish a longer credit history.

Read full review

Less

SmartAsset

A standard secured card from Citi

All in all, the Citi Secured MasterCard is a solid secured credit card. Its APR rates and fees are pretty standard as far as secured credit cards go. The lack of an annual fee is a plus, however, since not all secured cards have that feature.

Read full review

All in all, the Citi Secured MasterCard is a solid secured credit card. Its APR rates and fees are pretty standard as far as secured credit cards go. The lack of an annual fee is a plus, however, since not all secured cards have that feature.

Read full review

Less

CreditCards.com

A basic card, without rewards

from CreditCards.com

A good starter card for those who are new to credit, the Citi Secured Mastercard allows cardholders to jumpstart their credit history without committing to a high annual fee.

Read full review

A good starter card for those who are new to credit, the Citi Secured Mastercard allows cardholders to jumpstart their credit history without committing to a high annual fee.

Read full review

Less

Cardcruncher

A solid choice for building credit

The Citi® Secured Mastercard® can help you build or rebuild your credit—and with no annual fee. The card features a low required security deposit, asking for just $200 to open the account. Your money will be held for a term of up to 18 months. After that period, Citi will automatically assess...More

The Citi® Secured Mastercard® can help you build or rebuild your credit—and with no annual fee. The card features a low required security deposit, asking for just $200 to open the account. Your money will be held for a term of up to 18 months. After that period, Citi will automatically assess your account to determine whether you qualify for an unsecured card. That feature gives you a clear path toward getting an unsecured card.

Read full review

Less

NextAdvisor

Good choice for building credit

The Citi® Secured Mastercard®  is a good choice for anyone with a limited (or no) credit history. That’s because it includes 3-bureau reporting, so positive actions like paying your bill on time each month will be reported to all 3 credit bureaus and quickly build up your credit history. You...More

The Citi® Secured Mastercard®  is a good choice for anyone with a limited (or no) credit history. That’s because it includes 3-bureau reporting, so positive actions like paying your bill on time each month will be reported to all 3 credit bureaus and quickly build up your credit history. You’ll also have access to a variety of tools to help you stay on top of your payments, like AutoPay, Online Bill Pay, account alerts and access to a free FICO® credit score (updated monthly).

Read full review

Less

Cardcruncher

Build your credit with a great credit card

from Cardcruncher

The Citi® Secured Mastercard® is a strong choice of secured card for most people. With no annual fee and a clear path toward an unsecured credit card, the Citi® Secured Mastercard® is one of the best secured credit cards on the market.

Read full review

The Citi® Secured Mastercard® is a strong choice of secured card for most people. With no annual fee and a clear path toward an unsecured credit card, the Citi® Secured Mastercard® is one of the best secured credit cards on the market.

Read full review

Less

NerdWallet

Build credit for tomorrow

from NerdWallet

The Citi Secured Mastercard is a decent option if you’re trying to build your credit from scratch. But since the card has no rewards, it’s best to shop around before applying.

Read full review

The Citi Secured Mastercard is a decent option if you’re trying to build your credit from scratch. But since the card has no rewards, it’s best to shop around before applying.

Read full review

Less

Credit Fast

A no-frills option for people who need to rebuild their credit

from Credit Fast

The Citi Secured MasterCard is a simple card for people who have poor credit. It doesn’t come with a lot of extras, but it’s a solid card. If you have poor credit, it’s a good way to start rebuilding your credit score.

Read full review

The Citi Secured MasterCard is a simple card for people who have poor credit. It doesn’t come with a lot of extras, but it’s a solid card. If you have poor credit, it’s a good way to start rebuilding your credit score.

Read full review

Less

Credit Card Insider

Extremely basic with no rewards and few benefits

from Credit Card Insider

The only reason to get the Citi Secured Mastercard is to improve your credit. If you have bad or limited credit, you’ll have a hard time qualifying for most credit cards, especially those with rewards programs.

Read full review

The only reason to get the Citi Secured Mastercard is to improve your credit. If you have bad or limited credit, you’ll have a hard time qualifying for most credit cards, especially those with rewards programs.

Read full review

Less

User Reviews


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