Citi® Secured MasterCard®

Required Credit Score:
Limited History
365 reviews   Write a Review
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at Citibank’s
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Citi® Secured MasterCard®’s Rewards

This card does not offer rewards.

Citi® Secured MasterCard®’s Key APRs & Fees

Purchase Intro APR
Not Offered
Transfer Intro APR
Not Offered
Regular APR
22.24% (V)
    3% (min $5)

Citi® Secured MasterCard®’s Additional Info

  • MAX LATE FEE   $35
  • MAX PENALTY APR   29.99% (V)
  • GRACE PERIOD   23 days
    25.49% (V)
    5% (min $10)
  • SMART CHIP   Yes, chip-and-signature
  • Start building credit for tomorrow
  • A security deposit is required for this product (minimum $200)
  • Unlike a prepaid card, it helps build credit history, with monthly notifications to the credit bureaus
  • 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
Apply Now
at Citibank’s
secure site

Customer Questions and Answers

Don't see what you're looking for? Submit your question about Citi® Secured MasterCard® to our community.

The only business secure credit card is offered by CSI. All other secured cards are personal. Capital One & First Progress are OK. Open Sky, US bank and Citi secure credit cards are very good. Others are charging too much. Which more

Photo of Card H.
Apr 20, 2016
Our two favorites are the Capital One Secured Card and the Harley-Davidson Secured Card because they do not charge annual fees. Plus, the Capital One offer is actually partially-secured, which means you might get approved for a credit line in excess of the amount of your required deposit. You can find a head to head comparison of the two cards here: . And if you’re interested in reading more, we also have a full review of the Capital One Secured Card: . Hope this helps.
10 Votes 22 12

I don't have checking or a savings account. Is there other way I could send the deposit?

Photo of Card H.
Apr 20, 2016
Your security deposit has to be transferred from your bank account for online applications. However, if you do not have a bank account, please visit a Citibank branch to speak with a banker about applying for the card. Hope this helps!
9 Votes 15 6

Is the regular APR rate applied to every purchase?

Photo of Card H.
Apr 20, 2016
That depends on whether you have a revolving balance, which is an unpaid balance that you carry from one month to the next. If you always pay your bill in full by the due date, none of your purchases will accrue interest. In fact, you will have a 23-day grace period between when your bill is made available each month and when interest begins to be assessed. However, if you carry a balance from one month to the next, new purchases will be assessed interest on a daily basis. You can find out more here:
5 Votes 8 3
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Customer Reviews

Share your insights and review the Citi® Secured MasterCard®.

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3.5 out of 5

365 reviews
Photo of Card H.
May 23, 2016
The Citi Secured MasterCard is a middle-of-the-road credit-building option for people with limited or no credit as well as those with a bad rating but no recent bankruptcies on their record. The main reason for that assessment is the card's $25 annual fee. That's below average for a secured credit card, but it's still not free, as a handful of alternatives are.

If you would nevertheless like to learn more about this offer, you can check out our in-depth Citi Secured MasterCard review: http://www.cardhub/edu/citi-secured-credit-card-review/.
Photo of Lindsay K.
Dec 16, 2013
The Citi Mastercard is a good option for someone who has a patchy
credit history, or maybe someone who has never had a credit card
before. The minimum deposit of $200 is reasonable. I love that
they raise your limit over time, so they are really teaching you how
to use credit with low risk. The apr is not fantastic at 18.24% although I have
certainly seen much worse so it's not terrible for a first timer.
I would say all in all, this card would be a solid choice for people who either
want to repair, or build their credit.
Photo of Tyler F.
Dec 12, 2013
The Citi Secured Credit Card is an affordable way to build or rehab your credit. Unlike other banks, such as Wells Fargo, the Citi Secured MasterCard only requires a $200 deposit. With no monthly or 1 time fee's you can have this card for only an annual fee of $29. Its perfectly acceptable interest rate makes it the ideal card to rehab your less than stellar credit.
Photo of Jason L.
Dec 12, 2013
The Citi Secured Credit Card is a decent card if you're rebuilding your credit or need your first card. It's very similar to the Bank of Americard Secured card in almost every way. The interest rate on the Citi MasterCard is a little lower at 18% and the cash advance rate is at the standard 25%. The Citi MasterCard does have a yearly fee of 29 dollars which isn't horrible but it also comes with the 0% liability with no fees that a lot of secured cards don't offer. Another good thing about this card is they automatically try to get you an unsecured credit card after a little while. more
Photo of David M.
Dec 9, 2013
The Citi Secured Master Card Credit Card could be the perfect card for one person and an exceptionally useless card for someone else. This card is meant for those who are trying to build their credit from nothing or for those who are trying to fix their credit and bring it back from the dumps. The card has an annual fee, which I despise, but otherwise the fees and rates are comparable to other credit cards. The huge difference, of course, is the fact that your credit limit on the card is equal to the amount of money deposited in a CD related to the card. This variable limit could more
Photo of Scott B.
Dec 3, 2013
There are certainly pros and cons to the Citi Secured Credit Card. It does help new users of credit have a safe and easy way of establishing a credit history and borrowing for future major purchases. The APR isn't outstanding and the card is more of a debit card in a way than a pure credit card, but it prevents new borrowers from overspending. Great card for first time borrowers. Bad for established customers
Photo of Joseph G.
Nov 28, 2013
Simply one of the best cards to have. I bought the Citi Secured two years ago for improving my credit history and after about 2 years now, I have been qualified for the Unsecured Citi card. I deposited about $2000 of my savings and my credit limit rose to that amount. I always look out for protection against theft and fraudulent charges and Citi has never disappointed me with that. The interest rates are about average - at 18% compared to others in the category that range about 25-29% . The only disappointing feature is the extremely low interest rates on my $2000 CD. Otherwise its a fantastic card to have!
Photo of Gary S.
Nov 24, 2013
This is simply an offer to allow those who have bad credit, an opportunity to have a credit card to make purchases that are best paid by such a card[rather than cash etc.]. There is a negligible amount of interest on your deposit[necessary to obtain the card], and a $29 fee/month for this opportunity. After 18 months you MAY be able to get an UNsecured credit card.
For those that feel they MUST have a credit card and this is the only offer that can get them a card, go for it! Years ago I used Capital One [Silver]and their Master Card with a $50 deposit and NO monthly fee more
Photo of Connie S.
Nov 15, 2013
The Citi Secured MasterCard Credit Card would be especially helpful for young people needing to build a credit history, or people who have a bad credit history and need to help their credit score. It's a good bonus to be earning interest in the money in the CD. I've not ever used a card like this, but would recommend it to someone starting out. The fees seem low compared to others that people with bad/no credit can get, but I am personally accustomed to no fees at all, so I guess it's middle-of-the-road. I've had friends that got their first cards when I did and weren't responsible with them like more
Photo of Krystal M.
Nov 6, 2013
Credit cards like the Citi Secured Credit Card are necessary for building your credit back up. This is one of the better secured credit cards I have seen compared to others that are similar. A minimum deposit of $200 isn't too bad considering you're trying to build up your credit. I've seen much higher amounts on other cards like this. Annual fee is well below average and there isn't a monthly fee! Most secure credit cards charge a high monthly fee. Also, you can earn interest on the money you've deposited on the card. What I really like about this card, is after 18 months you can become eligible to more
Photo of Steven A.
Nov 2, 2013
As someone with little credit, the Citi Secured MasterCard is extremely helpful. It is a great way to build yourself up again and get back on your feet, or even establish some credit. Other cards aren't always understanding of people with bad or no credit and will charge you outrageous fees and interest rates. I would definitely recommend to teenagers and people with bad credit.
Photo of Carla M.
Oct 30, 2013
Because of bad credit I am unable to obtain an unsecured credit card, with the Citi bank secured card I am able to once again be able to use a credit card ! By depositing the $200 on the card along with the $29 fee I was good to go! Citi bank has allowed me to begin to rebuild my credit back once again, and having the emergency card around is always helpful when I need some gas or my morning coffee!
Photo of Alexis B.
Oct 25, 2013
The Citi Secured Mastercard was my second credit card when I was a teenager and I highly recommend it (although I think it may be discontinued now) to people who want to build their credit. Perfect for high schoolers/college students. This card is somewhat similar to the Open Sky Visa Card in that your credit limit is whatever is deposited. After 18 months of using this card, you may be eligible for an unsecured Platinum Select Card! No monthly fee, no fee to open it; only an annual fee of $29 which I personally view as worth it. This card is a lifesaver and I highly recommend it!
Photo of Sidhu R.
Oct 17, 2013
I had a horrible accident a couple of years ago and was at logger heads with the insurance agent that put my credibility at stake. I had to set things right soon and I happened to land on the Citi Secured Master Card. Piled most of my savings into my Citi account and stuck to my credit limit for more than a year and the bank saw to it that my credit worthiness was set right. Am indebted to Citi for that. A few more months and I would be eligible for a platinum card that would greatly improve my credit worthiness. A big Thank You To Citi Secured Master more
Photo of Dallas H.
Oct 14, 2013
The Citi Secured Mastercard credit card is a good credit card if you are trying to rebuild your credit or have no credit. There are no startup fees like a lot of other secured credit cards, and only an annual fee of $29. The minimum amount needed to secure the card is $200, which is much lower than other cards that can require a $500 deposit for a secured account. There is also a positive in that you can interest on whatever money you put down, and you can get a regular unsecured credit card after only 18 months. The interest rate for purchases is 18.24%, which is competitive among more
Photo of Adam H.
Oct 11, 2013
I've been working on rebuilding my credit over the past 18 months and this card has been very helpful in doing so. I made a deposit of $300 and the annual fee is only $29, which seems to be pretty standard for secured credit cards. The APR is pretty low compared to the other card I have at 14.99%. I'm not sure how their customer service department is, but only because I've never had to call them - which to me means they've been great. I haven't gotten any random fees or charges or anything. The only downside is that it takes a minimum of 18 months to convert the more
Photo of Pascal J.
Oct 10, 2013
The Citi Secured Credit card looks like a pretty good way to improve your credit score. Your credit line is dictated by the amount of money you deposit in a CD-200-5000 dollars. Your performance is then reported to credit bureaus. Your deposit will earn interest of 1%. This all seems like a good way to improve your credit and work your way up to better credit cards. What I don't like is the APR of 18.24%. That is fairly high and for someone with already bad credit, it may cause difficulties. With an APR of 14.99%, the First Platinum Select secured credit card is a little more reasonable, but the more
Photo of Jesse S.
Oct 6, 2013
The Citi Secured Credit Card is an alright card for rebuilding your credit but there are much better secured credit cards out there. This card requires a minimum deposit of 200 dollars and there is an annual fee of 29 dollars. You also must wait 18 months before you can get a regular credit card. I prefer a Bank of America secured credit card. The minimum deposit is 100 dollars and there is no annual fee at all. You can also get a regular credit card in 12 months, which is what I really want. I would recommend this credit card with the disclaimer that there are better deals out there to be had.
Photo of Nia L.
Oct 2, 2013
This is a slightly different take on a secured credit card, where instead of making a simple deposit you are required to invest in a certificate of deposit. This has some ups and downs, since a certificate of deposit can be beneficial in the long term with a 1% interest rate generating some extra income on the deposit. Unfortunately, a certificate of deposit can’t be accessed until the end of an interest cycle, which is typically a set amount of time like a year. If money is tight and you ever need to access the money, there could be penalties involved, which is always a tough decision to make. Aside more
Photo of Ben M.
Sep 25, 2013
This Cit Secured Credit Card is different from normal credit cards. If you've never used a secured card before, your credit limit is based on how big of a cash deposit you make on the card. It's for people with bad or low credit that can't get a normal credit card. While this card does come with an annual fee, I've noticed it's lower than other secured cards out there which is good. This card will help you build up your credit which is good, but if you are not concerned about that you might want to get something like a Prepaid Card like American Express Serve which has very more
Photo of Andi R.
Sep 20, 2013
I think the Citi secured credit card is great! It is designed for people who have low or bad credit, with a low interest rate and can be used to rebuild credit. As its a secured credit card you need to place a deposit down on the card ($200) and then you can spend that(much like a prepaid debit card) however the cost for this is very reasonable as the annual fee is only $29 which is a lot lower than other cards like this. Having had a capital one card in the past I am much happier with this card, Lower APR, better customer service and fraud protection on more
Photo of Sheryl P.
Sep 13, 2013
The Citi Secured Credit Card is a secured credit card for those that have bad credit. If you are not familiar with how secured credit cards work, you place a deposit on the card that basically is the size of your credit limit. Secured cards usually come with annual fees, and this cards fees are reasonable at only $29 a year. On top of that, you do get MasterCard's standard fraud protection as well, which some secured cards do not offer. The main benefit of this card over other secured cards is that you do earn interest on your deposit.
Photo of Brian C.
Sep 9, 2013
The Citi Secured MasterCard Credit Card is an option for those trying to build credit or those that need to restore their credit after hard times. Unfortunately for someone that might need this card, the terms are not very good. To get the card you need to put up 200 dollars of your own money. Also there is an annual fee. I have few other cards that do not have annual fees and do not charge me for having the card. Also 18.24% seems pretty high to me for a credit card especially one with an annual fee. The only card I use with an annual fee gives me upgrades more
Photo of Chris M.
Aug 26, 2013
The Citi Secured Credit Card is another credit building or rebuilding card. The problem with secured cards is that most of them have lots and lots of ridiculous fees attached that never seem to end. They suffer from horrible customer service when you need it, and generally are just unreliable. Not with the Citi secured master card though. There is a $29.00 annual fee, but other than that, it is the only downside. Fantastic customer service. No monthly maintenance fees, or fees to use the card. Also it's from a reputable brand that you can trust. It's a great card for establishing your credit.
Photo of William R.
Aug 19, 2013
The Citi Secured Credit Card is a great offer for those wanting to start building a great credit score. Compared to my U.S Bank credit card, this Citi card offers a lot more features, such as depositing an amount into a CD (Earning 1.01% annually.), and that amount becomes your card limit for your convenience. In addition, you can become an unsecured card holder after 18 months, to enjoy more freedom while spending. The regular interest rate is average, but it is tolerable. The annual fee is very low, and you have $0 liability for charges you did not authorize, in addition to Citi identity theft protections. Plus, when you more
Photo of Edward D.
Aug 12, 2013
When it comes to secured credit cards to help build up your credit so you can get those fancy cards with the benefits, the Citi Secured Credit Card is actually pretty good. The card's APR is going to be high with 18% but there's not much you can do when you have terrible credit, and thats why you're using this card. It requires a $200 deposit to get the card so if you default they get that money. After a year to 18 months, you get reviewed for a chance at a credit card thats unsecured. This will report monthly to the major bureaus and help you get that credit more
Photo of David B.
Aug 5, 2013
As far as secured cards go, the Citi Secured Credit Card is rather typical, but does carry a decent rate on purchases. The annual rate isn't as bad as some, and the monthly/one times fees about as good as it gets. Also, with a plan to get an unsecured card after a year and a half, Citi provides an option of people with limited or bad history to build up their credit a little bit with this card. Also, the ability to earn some money on your CD is a feature that I was unaware of with other cards.
Photo of Mike G.
Aug 2, 2013
If you have been applying for credit cards and are having trouble getting one due to your credit history you might want to consider the Citi Secured MasterCard. It different than a prepaid credit card, as your credit limit is secured by the size of a deposit you are willing to put into a CD for 18 months. This amount could be anywhere between $200-$500. The upside to this card is that you will earn a 1% interest rate on your CD, which is better than a savings account. But you will have to pay a $29 annual fee. The main advantage of this card over a prepaid debit card more
Photo of Jordan W.
Aug 1, 2013
The Citi Secured MasterCard credit card is a great stepping stone for improving your credit if you have bad credit or if you have limited credit history. Essentially, this card allows you to deposit a particular amount of money, which then becomes your credit limit for 18 months. If you perform well in those months, you can upgrade to another card with a higher credit limit! This is a great way to start building your credit with a card that has almost no interest rate. I would highly recommend this card to start improving your credit score so that you can move on to higher limits.
Photo of David K.
Oct 24, 2012
I had a Bankruptcy more than 22 years ago, the total CitiBank Card balance was less than $500 USD and they STILL REFUSE to even approve me for a Secured Card. Here is the info pertaining to CitiBank's rules on the letter I just received: ".

"Banks are free to set standards for credit applicants which serve to evaluate the applicant's ability to repay loans, provided such standards are not based on discriminatory grounds. We are permitted to decline your application based on more
+335 users submitted a rating without a full review
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Last updated on: Aug 22nd, 2016 at 11:10 EDT

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