Citi Secured Mastercard

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Citi Secured Mastercard

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  • $0 annual fee
  • Wide acceptance of Mastercard
  • Free access to FICO credit score

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  • The credit limit is matched by the security deposit
  • Features account alerts and Auto Pay feature
  • $0 annual fee

The Citi Secured Mastercard Summary

The Citi Secured Mastercard has several advantages to offer individuals who are looking to build a stronger credit record, but who may not necessarily qualify for standard credit cards. This particular option does, however, require a much higher minimum credit score compared to some of the other secured credit cards that are available today.

The card does not charge the customer an annual fee, which is a definite advantage. There is, however, a relatively high APR charged on transactions. The penalty APR that is charged when a payment is made later than the due date is also higher than with a number of other cards that customers are able to choose from.

The Citi Secured Mastercard also comes with a Balance Transfer fee, as well as a foreign transaction fee. Individuals who would like to make use of these features might consider an alternative option where these fees are not charged.

  • $0 annual fee
  • Wide acceptance of Mastercard
  • Free access to FICO credit score

  • High APR of up to 27.27%
  • Penalty APR of 29.99%
  • 3% Foreign transaction fee

Best Features

The Citi Secured Mastercard comes with no annual fees, which would definitely be one of the most beneficial features for a large number of potential customers. The card also reports directly to credit bureaus, which means it offers the customer an opportunity to improve their existing credit record.

The customer will be able to gain access to their own FICO credit score, which can be accessed online. This ensures they are able to track the improvements in their credit health at any time.

The Citi Secured Mastercard also offers the customer an opportunity to get a credit limit that will match the initial security deposit that was made into the account.

Customers are able to easily manage their own account by using the Citi mobile app, which offers 24/7 access to account-related features. Account alerts are also offered by this product, along with an AutoPay feature. Additionally, the Flexible Payment Due Dates feature allows the customer to choose when they want to make the monthly payment on their account.


The fact that a security deposit is required by the customer if they wish to activate a credit line on the Citi Secured Mastercard is definitely a drawback to be taken into account. The minimum deposit to be made is $200, which is also higher than with some competitive options. The credit limit provided to the customer will also only match the amount that they were able to provide as a security deposit.

Overall Summary

The Citi Secured Mastercard provides the customer with an opportunity to improve their existing credit health but does require a higher minimum score when compared to other secured credit card options on the market right now. Customers should also take note of the high APR, especially when a penalty is charged for late payment. The foreign transaction fee, along with the fact that an additional fee applies to Balance Transfers, is further concerns that need to be taken into consideration before submitting an application for the Citi Secured Mastercard.

Who this card is best for

The Citi Secured Mastercard is ideal for people who already have a good credit record but would like to improve this status to excellent. The card is also an ideal product for those who want an option where they do not have to pay an annual fee, but for individuals looking to make a minimum security deposit, an alternative secured credit card might be worth considering. This card is also not ideal for people who will be using the product when traveling abroad, as a foreign transaction fee is charged.


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