If you currently don’t have a very high credit score, you’ve certainly come across the likelihood of applying for a credit card and being denied due to your credit, haven’t you? With that in mind, we are going to tell you today about an option that you can consider as the ideal credit card, which is the Citi Secured Mastercard. 

Therefore, in this article, we are going to tell you an unbiased review of this card. Highlighting the advantages, disadvantages and basic requirements so that you can order yours in a simple and practical way. In addition, we will also tell you about what are the fees involved in this credit card. 

As we said earlier, we are going to provide you with a very detailed analysis of this card in order to explain to you what the advantages are. Disadvantages of it in the case of the first advantage that draws the most attention of users is the fact that the card does not charge any annual fee. That is, you can use your card for free without paying anything extra for it.

This is all in addition, of course, to the fact that the card is available to people who have a credit score that is considered middling in the market. For this reason, it can be requested by people who are starting their financial journey now or even restoring their credit limit.

In addition, by having this credit card, you can also later upgrade to another type of card, in case you manage to increase your credit score.

Finally, because the card is offered under the Mastercard brand, you will be able to count on all the advantages involved in this company. After all, this is one of the most widely accepted card brands in the world. It also offers points and rewards programs for its users. Regarding the fees involved in this credit card. It is important to emphasize that they exist, but they are considered very low compared to other cards that offer the same benefits. 

Now that you know what the advantages of this credit card are, it is also important to keep in mind that it has some disadvantages that we are going to mention now. First, regarding the security deposit, it is important that you know that it needs to be at least 200 USD and it must be paid fairly quickly.

In that case, you will have up to 14 days after account opening to deposit the security deposit amount. And this fact, for some people, can be a little discouraging, as they do not have this amount at hand when opening the account.

Another major disadvantage that we can mention is the time in which your account will be automatically reviewed. That is, it can take up to 18 months after opening the account to determine whether you are eligible to have your security deposit returned, and this is considered long compared to other similar credit card alternatives. 

Finally, it is also necessary to keep in mind that this credit card does not have any rewards program, which makes it a not very attractive choice for people who want to spend a lot on the card and have points and rewards received.

If we’ve come this far, it’s because you’ve probably been interested in the card proposal and want to know how to order yours, know that you just have to click on the button below and you’ll have access to all the important information to order your card immediately.