Citi Secured MasterCard review

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Advertiser Disclosure

Annual Fee
$0.00
Minimum Deposit
$200.00
Interest Rate: Purchases
24.74
Balance Transfer
24.74


6.5/10
Informr score
The Citi Secured MasterCard currently has an Informr score of 6.5 out of 10. This score is based on our evaluation of 14 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...


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
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.

- Ben Luthi, NerdWallet
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.

- Monica Kowollik, Credit Fast
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
Credible

The Citi Secured Mastercard offers those with thin credit a low-risk way to build their credit over time. But it lacks some benefits offered by other secured credit cards, that aren’t valuable options for those who qualify for rewards cards.

- Napala Pratini, Credible

Details


Interest Rates
Regular APR Interest Rate 24.74%

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

Balance Transfer Interest Rate 24.74%

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

Cash Advance Interest Rate 27.49%

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.

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Critic Reviews


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

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

Credible

A great way to build credit from scratch

from Credible

The Citi Secured Mastercard offers those with thin credit a low-risk way to build their credit over time. But it lacks some benefits offered by other secured credit cards, that aren’t valuable options for those who qualify for rewards cards.

Read full review

The Citi Secured Mastercard offers those with thin credit a low-risk way to build their credit over time. But it lacks some benefits offered by other secured credit cards, that aren’t valuable options for those who qualify for rewards cards.

Read full review

Less

Credit Cards Explained

A great choice if you’re trying to establish a good history of credit from scratch

from Credit Cards Explained

This secured credit card is a great choice due to its no annual fee, $200 minimum deposit, and its reporting of your credit activity to all three major credit bureaus.

Read full review

This secured credit card is a great choice due to its no annual fee, $200 minimum deposit, and its reporting of your credit activity to all three major credit bureaus.

Read full review

Less

Wise Bread

Your ticket to good credit

from Wise Bread

This card is best for those who are in the process of building a positive credit rating, are diligent in paying balances in full each month, and will use the card primarily for domestic purchases. There are limited fees, and you can start out with a deposit as low as $200.

Read full review

This card is best for those who are in the process of building a positive credit rating, are diligent in paying balances in full each month, and will use the card primarily for domestic purchases. There are limited fees, and you can start out with a deposit as low as $200.

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

Bankrate

Even with no annual fee, we can't recommend this card

from Bankrate

The Citi Secured Mastercard is an oddity among credit cards for people with bad or no credit: It charges no annual fee. But we can’t recommend this card because it offers too many opportunities for someone to incur fees or penalties if they slip up, from a high late fee to a penalty APR if you miss a payment.

Read full review

The Citi Secured Mastercard is an oddity among credit cards for people with bad or no credit: It charges no annual fee. But we can’t recommend this card because it offers too many opportunities for someone to incur fees or penalties if they slip up, from a high late fee to a penalty APR if you miss a payment.

Read full review

Less

MyBankTracker

Designed for people who are either starting out fresh or trying to repair damaged credit

from MyBankTracker

The Citi Secured MasterCard comes with lots of nice features but a rewards program isn’t one of them. Your purchases can help you build credit but they won’t pay you back with miles, cash back, or points.

Read full review

The Citi Secured MasterCard comes with lots of nice features but a rewards program isn’t one of them. Your purchases can help you build credit but they won’t pay you back with miles, cash back, or points.

Read full review

Less

User Reviews


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