Citi Secured Mastercard Review

Citi Secured Mastercard is a secured credit card credit card issued by Citibank. 

Secured cards are credit cards that require a refundable deposit before you qualify for a line of credit. These cards are often used to build the credit of consumers with with poor credit or little credit history.

Good credit. This card is designed for people with good credit. The minimum credit score to apply is 690.

If you're wondering whether Citi Secured Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

Is there a Citi Secured Mastercard cash back or rewards program?

No, Citi Secured Mastercard does not offer a rewards program.

Citi Secured Mastercard Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus Spend Requirement	$0

What are the Citi Secured Mastercard benefits?

Citi Secured Mastercard provides the following benefits:

• Fraud Liability
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Citi Secured Mastercard?

Citi Secured Mastercard has a variable purchase APR that ranges from 24.74% up to 29.99%. The card has a variable balance transfer APR starting at 24.% .

It also has a variable cash advance APR starting at 27.49% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

What are the Citi Secured Mastercard fees?

No Annual Fee. Citi Secured Mastercard does not charge an annual fee.

3% Foreign transaction fees. Citi Secured Mastercard charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

The following fees apply to Citi Secured Mastercard:

Citi Secured Mastercard Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$5
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Citi Secured Mastercard report your account activity to credit bureaus?

Citi Secured Mastercard reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.

How to apply for Citi Secured Mastercard

• Visit the Citibank website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.