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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.
* The Citi Secured Mastercard is issued by Citibank. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, BBVA, Discover Bank, and CIT Bank. See our best rates for Savings and CD too. |
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| Chase Business Complete BankingSM $300 Bonus | Chase Total Checking® $200 Bonus |
| HSBC Premier Checking $450 Bonus | HSBC Premier Checking Up To $600 |
| HSBC Advance Checking $200 Bonus | HSBC Advance Checking Up To $240 |
| TD Bank Beyond Checking $300 Bonus | TD Bank Convenience Checking $150 Bonus |
| Huntington 25 Checking $500 Bonus | Huntington Business Checking 100 $200 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| Axos Basic Business Checking $100 Bonus | Aspiration Spend & Save Account $100 Bonus |
| Ally Invest Up To $3,500 Bonus | Wise Business Banking $100 Bonus |
| WeBull 4 Free Stocks | |
Table of Contents
Citi Secured Mastercard Summary
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| Bonus Available | No sign-up bonus available |
| Foreign Transaction Fees | 3% foreign transaction fee |
| Annual Fee | No annual fee |
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
Recommended Free Credit Score (Get Free Score)
350 – 850 (Poor- Excellent)
PROS
- No annual fee
- Easy qualification requirements
- Reports to all three credit bureaus
CONS
- No rewards
- Requires a bank account
Editor’s Alternate Pick
 With the Secured MasterCard® from Capital One: Unlike a prepaid card, this card will help you build credit when used responsibly, with regular reporting to the 3 major credit bureaus. You'll get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness; and be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed This card comes with no annual fee, and all the credit building benefits with responsible card use. |
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.
Additional Benefits
- 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.
- Security Features: Citi offers basic protection against fraud for customers, including account monitoring and zero liability for fraudulent purchases.
Bottom Line
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.
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Who’s the Competition?
* Below are some of the top competitors to the Citi® Secured Mastercard® to consider.
With the Secured MasterCard® from Capital One: Unlike a prepaid card, this card will help you build credit when used responsibly, with regular reporting to the 3 major credit bureaus. You'll get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness; and be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed This card comes with no annual fee, and all the credit building benefits with responsible card use. |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Huntington 25 Checking | $500 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Wise Business Banking | $100 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| American Express High Yield Savings | 0.50% APY | Review |
| CIT Bank Money Market | 0.50% APY | Review |
| Ally Invest | Up to $3,500 Cash | Review |
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
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