How to Earn Points and Miles for Free Travel
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Our take
The Citi® Secured MasterCard® is designed for building your credit history from scratch. It takes a year and a half to get your deposit back but in return you may receive a solid credit score and an account in one of the most reputable banks of the US.
Details
- No annual fee.
- Provide a security deposit between $200 - $2,500 when submitting an application.
- Once your security deposit is received and you are approved, your credit limit will be equal to the amount of the security deposit you've submitted.
- To receive a Citi® Secured Mastercard® you must meet our credit qualification criteria for this card, which includes our review of your income and your debt.
- You must not have any bankruptcy history within the last two years.
- Citi® Identity Theft Solutions can help you resolve the matter and get your life back on track.
- Travel protection. Worldwide Travel Accident Insurance, Worldwide Car Rental Insurance and Trip Cancellation & Interruption Protection
- Purchase protection. Extended Warranty, Damage & Theft Purchase Protection and $0 Liability on Unauthorized Charges
Pros
Available for people with no credit
No annual fee
Cons
Requires no bankruptcies in past 2 years
No rewards available
Recomended Credit score
Poor
300
Fair
630
Good
690
Excellent
720
850
Balance transfer offer
Balance transfer regular apr
24.49%
variable
Balance transfer fee
3%
min $5
Rates and fees
Purchase regular apr
24.49%
variable
Cash advance apr
27.24%
variable
Regular annual fee
$0
Cash advance fee
5%
min $10
Foreign transaction fee
3%
Late payment fee
up to
$35
Return payment fee
up to
$35
Secured card details
Posting to credit bureau
Secured deposit
$200
- $2,500
Credit Limit
Equal to deposit
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