A Secured Mastercard From Citi is a great way to help rebuild your credit and save money. If your credit rating has been feeling like it has lost its way, and you are willing to improve it, a Secured Mastercard from Citi can be a great option for you.
A Secured Mastercard From Citi gives you the ability to build up a credit line with a low interest rate. A Secured Mastercard From Citi also gives you the benefit of not having to make as much out of pocket monthly payments. You simply have to put down a small deposit and you are all set to go.
You can make purchases with this credit card anywhere you would like but there are some restrictions. You are not able to make purchases overseas using a Citi Secured Mastercard, but that is okay because it is very unlikely that you will be able to charge items to a credit card overseas anyway.
Secured Mastercards From Citi do not allow you to charge more than the amount of the loan, unless you want to, in which case you can apply for another Secured card. A Secured Mastercard From Citi also does not allow you to make purchases if your balance is zero.
Secured Mastercards From Citi do not allow you to have more than one account with them. If you decide to transfer your other accounts to another Citi Secured Mastercard account, you will have to cancel any current balances before you apply for a new Secured Mastercard.
You may be wondering if there is an annual fee associated with a Citi Secured Mastercard. There is an annual fee associated with Secured Mastercard from Citi but it is quite low. You will pay the full amount of the card each and every year, and that means you get paid every single time you swipe your card.
Secured Mastercard From Citi charges an annual fee of two thousand five hundred dollars, which is less than $100. With this low monthly fee, you can build up a respectable amount of debt that you will be able to repay each month, and at the end of every month, you are able to use your card to make purchases.
Secured Mastercard From Citi is a very flexible card to have, and it will enable you to buy everything from clothing to electronics with this card. Once you have used your card to make your purchases, you will get a statement showing the amount you spent, the date of purchase, and the total amount owed.
Secured Mastercard From Citi works like a normal credit card, except it is for people who don't have very good credit. The credit card is tied to your deposit.