Are you looking to build your credit history? The Citi® Secured Mastercard® might be the right choice for you. In this blog post, we’ll discuss the advantages, disadvantages, and extra features of this card, as well as how to apply for it.
Advantages of the card Citi® Secured Mastercard®
– No annual fee – $0 Liability on unauthorized charges – Choose from available payment due dates – Tools to help you stay on track, including auto pay and account alerts – Free access to your FICO score online – Mastercard® ID Theft Protection™ available for no additional charge
Disadvantages of the card Citi® Secured Mastercard®
– High purchase rate with a variable APR of 27.74% – Security deposit required, ranging from $200 – $2,500 – Limited credit limit equal to the amount of the security deposit
Extra features offered by Citi® Secured Mastercard®
– Automatic Account Alerts – Choose your Payment Due Date – Digital Wallets for secure online and in-store shopping – Contactless Pay for quick and safe transactions
Learn how to apply for your credit card Citi® Secured Mastercard®
To apply for the Citi® Secured Mastercard®, you must meet the credit qualification criteria, which includes a review of your income and debt. If approved, you’ll need to provide a security deposit ranging from $200 – $2,500.
Discover the main ways to apply for the card Citi® Secured Mastercard®
– Apply through the Citi website – Apply via the Citi mobile app – Visit a Citi branch for in-person assistance
Prerequisites for request
– Meet credit qualification criteria – Provide a security deposit – Agree to the terms and conditions of the card
From the site
To apply online, visit the Citi website, navigate to the credit cards section, and find the Secured Mastercard®. Follow the prompts to complete the application process.
From the site App
Download the Citi mobile app from the App Store or Google Play Store. Log in to your account or create one if you’re new to Citi, then navigate to the credit cards section to find the Secured Mastercard®. Follow the instructions to apply.
By agency
Visit a Citi branch near you and speak with a representative for assistance with the application process.
The Citi® Secured Mastercard® offers valuable features for individuals looking to build or rebuild their credit history. While it comes with a high purchase rate and requires a security deposit, the benefits such as no annual fee, $0 Liability on unauthorized charges, and free access to your FICO score online make it a worthwhile option for those in need of a secured credit card. Overall, this card provides a solid foundation for improving your credit and financial health.
