The CitiÂ® Secured MastercardÂ® is an incredibly basic secure credit card that can work well for those looking to build a credit history without paying an annual fee. If approved, you can make a deposit between $ 200 and $ 2,500 to start with $ 100 increments, and you’ll be on your way to a stronger credit profile if you manage your card responsibly.
Interest rate: 22.49% (variable)
Annual subscription : $ 0
Advantages and disadvantages: The CitiÂ® Secured MastercardÂ® doesn’t offer any additional benefits, but it does provide consumers with an easy way to build credit over time. You won’t pay an annual fee, which many secure cards charge. Once you’re approved, you can deposit between $ 200 and $ 2,500, which gives you a line of credit that you can use to make purchases.
The main disadvantage of this card is that the CitiÂ® Secured MastercardÂ® does not offer any rewards or significant benefits for cardholders. However, if you don’t want to earn any rewards and really want to focus on building credit, this can still be a solid option.