Citi® Secured Mastercard® review

Compare Compare  
Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$200.00
Interest Rate: Purchases
22.49% (Variable)
Balance Transfer
22.49% (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 20 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...


The Simple Dollar

Citi® Secured Mastercard® is a good choice for people who are trying to build up their credit so that they can have access to unsecured cards and other loans. There are no rewards or sign up bonuses, but if you always pay on time and don’t carry a balance, it’s an inexpensive card to own, and you ca...

- Valerie Fulton, The Simple Dollar
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.

- Brendan Harkness, Credit Card Insider
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.

- TJ Porter, Cardcruncher
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

Details


Interest Rates
Regular APR Interest Rate 22.49% (Variable)

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

Balance Transfer Interest Rate 22.49% (Variable)

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

Cash Advance Interest Rate 25.24% (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 $40.00

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 No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Virtual Cards Yes
Additional Benefits

Citi Identity Theft Solutions

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

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

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.

Use this card?

Help inform others by sharing your experience with Citi® Secured Mastercard®

Rate It: