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Citi Secured MasterCard
Consumer Reviews, Credit Score and Income Needed, Credit Limits

Picture of Citi® Secured Mastercard®
30 Reviews
Consumer Rating:
star ratingstar ratingstar ratinghalf star ratingno star rating

Apply Here apply here 3.9
Lowest:
0
Average Score:
504
Highest:
667

Card Details
Card Details

Annual Fee: $0
Deposit: $200 to $2,500
APR: 23.74%

Our Take
Our Take

The Citi Secured Mastercard is one of the better secured credit cards for rebuilders because there is no annual fee and you can graduate to an unsecured Citicard. You have to be aware of a few quirks like being aware that you have to hold the card for 18 months, that you cannot add further deposits and that if you have been through BK, you need to be discharged for 2 years before you can apply. But otherwise, it is a pretty decent secured credit card to build or rebuild your credit.

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Credit Score: 667 Credit Limit: 200 Age: 18-24
Approved 7 years after Bankruptcy
Income On Application: $68000
Posted 03/15 2021
Overall Rating: star ratingstar ratingno star ratingno star ratingno star rating
I have had this card for just over a year now. I had applied for a Discover IT secured card, as well as a Capitol One Secured card at the same time. Both are much better products, and it is faster to graduate and get your credit limit increased. With Discover, I received my deposit back and my credit limit was more than doubled within 6 months. Capitol One I received an increase in about 6 months as well. With this card, I'm stuck with a low limit making the card, since you can't even add to the secured limit, essentially worthless. I'd honestly close it, but I've worked so hard to increase my score over the last year, and I'm afraid of the damage closing my account will do. I filed Chapter 7 so that is still on my credit history, but in the last year I've raised my Credit Rating well over 100 points.
 
Credit Score: 528 Credit Limit: 300 Age: 25-34
Posted 06/29 2016
Overall Rating: star ratingstar ratingno star ratingno star ratingno star rating
When I applied for the card, I deposited $300 as my collateral. Seven months later, I wanted to increase it to $1000 because I had to rent a car. I called CSR and think I reached someone from India who did not understand what a secured card was. I tried calling another day and was told it cannot be done and that that I had to go to a branch and speak to the manager. But there is no branch close by and I am really quite surprised that Citi will not allow you to increase your deposit and credit limit. After 5 months, I got an increase (without deposit) for my Capital One secured!

I went back to Citi's website and read the terms and conditions again. So it appears that we need to keep the deposit with them for 18 months and they do not pay interest and it looks like we cannot add to the deposit! Quite ridiculous if you asked me.