Citi
Citi® Secured Mastercard®
Key Features
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus |
| Rewards Rate | Not earning rewards |
| Regular APR | Purchase Rate: 25.99% Variable APR. The variable APR for purchases and balance transfers is 25.99%. For Citi Flex Plans subject to an APR, the variable APR is 25.99%. The variable APR for cash advances is 29.74%. The variable penalty APR is up to 29.99% and may be applied if you make a late payment or make a payment that is returned. |
| Other Fees | For Citi Flex Pay Plans subject to a Plan Fee, a monthly fee of up to 1.72% will apply, based on the Citi Flex Plan duration, the APR that would otherwise apply to the Transaction, and other factors. Minimum interest charge — $0.50. Fee for foreign purchases — 3% of the U.S. dollar amount of each purchase. Cash advance fee — either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee — either $5 or 5% of the amount of each transfer, whichever is greater. |
| Network | Mastercard |
About this card
The Citi® Secured Mastercard® is primarily a credit-building tool, and its overall rating reflects this limited utility. The absence of rewards and the high APR are significant drawbacks, especially considering its target audience. While the lack of an annual fee is a plus, the high APR and other fees detract from its value proposition. Its reputation as a straightforward, no-frills card from a major issuer is a strength, but the slow path to graduating to an unsecured card and the availability of more rewarding secured cards on the market hold it back. While it serves its purpose for those with poor credit, it's not a standout option.
Pros & Cons
What's great
- No annual fee
- Low credit score requirement
Things to consider
- High regular APR
- No sign-up bonus
- No rewards
- Foreign transaction fees apply
- High balance transfer fee
What this card offers
Sign-up bonuses
Rewards
Other features
- $0 Liability on unauthorized charges
- Choose from available payment due dates at the beginning, middle, or end of the month
- Tools to help you stay on track, including auto pay and account alerts
- Free access to your FICO score online
- Mastercard® ID Theft Protection™ available for no additional charge
- Automatic Account Alerts
- Choose your Payment Due Date
- Digital Wallets
- Tap Your Card with Contactless Pay
- Help Keep Your Identity Safe
- 24/7 Customer Service
- Unlike a debit card, Citi® Secured Mastercard® is a real credit card that helps build your credit history with monthly reporting to all 3 major credit bureaus.
- Using your card anywhere Mastercard® is accepted – worldwide
Additional Notes
With a secured credit card, once you are approved, you'll provide a security deposit, between $200 - $2,500. The credit limit on your new secured credit card will equal the amount of your security deposit. This offer may not be available if you leave this page. Offers may vary and this offer may not be available in other places where the card is offered.