Does the Citi Secured Mastercard have an annual fee?

No. Our record lists a $0 annual fee for the Citi Secured Mastercard.

Is the Citi Secured Mastercard worth it in the first year?

Using our illustration ($12,000 of yearly spending), the first year comes out around $120 before credits, including a welcome bonus valued at $0. Year two drops to about $120 before credits.

What credit do I need for the Citi Secured Mastercard?

Our record lists "Poor" credit as the typical target for the Citi Secured Mastercard. It's a secured card, so a refundable deposit is part of the application. Citi makes the final decision based on its own criteria.

Citi® Secured Mastercard®

Citi

No Annual Fee

Annual Fee

mastercardPoorno-annual-feesecured5 months ago

Welcome Offer

No Welcome Offer

Check issuer terms ↗

OpenCard analysis

Is the Citi Secured Mastercard right for you?

The Citi Secured Mastercard is a no-annual-fee secured rewards card from Citi. It earns a flat 1x on purchases. With no fee, it only needs to beat the flat rate your current card already pays.

Who it's for

✓ People building or rebuilding credit with a refundable deposit
✓ Anyone who wants flat-rate rewards without paying an annual fee
✓ People who want one rate (1x) everywhere without tracking categories

First-year value estimate

Welcome bonus

Rewards on spending

$120

Annual fee (year 1)

−$0

Year 1, before credits

$120

Year two, without the welcome bonus: about $120 before credits ($120 in rewards minus the $0 fee).

Assumptions

$12,000 a year of purchases at 1x, about $1,000 a month.
Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
No welcome bonus is listed in our record, so none is counted.
No annual fee in any year.

An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-04-27.

How it compares

Capital One Quicksilver Secured Cash Rewards →

Capital One, same $0 annual fee; earns 1.5% on everything.

U.S. Bank Altitude Go Visa Secured →

U.S. Bank, same $0 annual fee; earns 4x on dining.

Amex Cash Magnet →

American Express, same $0 annual fee; earns 1.5x on everything.

Compare side by side →

Frequently asked questions

Does the Citi Secured Mastercard have an annual fee?: No. Our record lists a $0 annual fee for the Citi Secured Mastercard.
What does the Citi Secured Mastercard earn?: A flat 1x on purchases.
Is the Citi Secured Mastercard worth it in the first year?: Using our illustration ($12,000 of yearly spending), the first year comes out around $120 before credits, including a welcome bonus valued at $0. Year two drops to about $120 before credits.
What credit do I need for the Citi Secured Mastercard?: Our record lists "Poor" credit as the typical target for the Citi Secured Mastercard. It's a secured card, so a refundable deposit is part of the application. Citi makes the final decision based on its own criteria.

Earning Rates

1×All Purchases1 point per $1 spent; points can be redeemed for cash credit

Other Benefits

Credit Bureau Reporting

Reports to all three major credit bureaus (Equifax, Experian, TransUnion)

Security Deposit

Refundable deposit required: $200 minimum, $2,500 maximum. Deposit equals your credit limit.

Graduation Program

May graduate to an unsecured Citi card after about 18 months of on-time payments

Insurance

Sources

Last Updated: Apr 27, 2026