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The Citi® Secured Mastercard® will help guide those with limited or no credit to build and establish credit the appropriate way. Upon approval, a security deposit between $200 to $2,500 is required and will be considered your credit line or your credit limit. Make monthly payments on time and observe your credit improve as the Citi Secured Mastercard reports to all three credit bureaus. Stay within the parameters of the card and you’ll soon be on your way to great credit and better overall financial status.
Citi Secured Mastercard Features:
- No Annual Fee, and unlike a prepaid card, it helps build credit history with monthly notifications to the credit bureaus
- A security deposit is required for this product (minimum $200)
- Pay your bill on time every month to avoid damaging your credit. Citi can help keep you on track with Auto Pay, online Bill Pay and alerts.
- Use the card anywhere Mastercard® is accepted — worldwide
Why You Should Apply:
Build Credit: A required security deposit between $200 to $2,500 will also serve as your credit limit. Use your card to make everyday purchases and make monthly payments on time to build healthy credit.
Reports to All 3 Credit Bureaus: The Citi Secured Mastercard will report to all 3 credit bureaus: TransUnion, Experian, and Equifax. All the effort you’ve put in will count and reflect in your credit scores.
Simple and Easy: The Citi Secured Mastercard is straight forward with one objective which is to build credit. There are helpful tools like Auto Pay, online Bill Pay, and automatic alerts to reach that goal.
No Annual Fee: With no annual fee, you can continue focusing on building your credit.
Purchase Benefits: Shop without hesitation knowing your purchases are covered with damage & theft protection and extended warranty. Also get fraud protection and not be held responsible with $0 liability on unauthorized charges.
Travel Benefits: Book your travel with your card and get travel protection that includes worldwide travel accident insurance and car rental insurance, trip cancellation and interruption protection.
The Citi® Secured Mastercard® is designed to help establish a strong credit history which is vital for future financial milestones. Approval is based on careful review of your income and debt which must be clear of any bankruptcy within the last two years. There is no longer an annual fee to worry about. Be sure to to check out our full list of Credit Card Bonuses.