There are many benefits to having a Citi secured credit card. Many of these benefits include no annual fees, flexible payment deadlines, and 0% APR. Other cards have no responsibility for fraudulent purchases. Read on to discover more about these cards and how they can benefit your financial future. No one wants a credit card that doesn't build credit.
There is no annual fee
Citi Secured Mastercard is an international no-frills credit card that can easily be used in millions across the globe. It is suitable for people with bad credit, limited credit, or none at all. Cardholders have the option to pay no annual fee and can concentrate on building their credit score and making on-time payment.
Citi Secured Mastercard does not have an annual fee. It is a great tool to begin building credit history. You can access your FICO score online and it will report to all three major credit agencies every month. The card can be used anywhere and there is no annual fee.
Flexible payment due dates
Citi credit cards with flexible payment due dates are a good option if you have difficulty making your monthly payments. These cards offer you flexibility in how you pay and can help you build your credit score. You can also set up Auto Pay to automatically pay your bill, so that you never miss a payment.
Another perk of the card is that it reports your payment and spending activity to the major credit bureaus. You can improve your credit score and build good credit. Pay attention: You can damage your credit history if you miss a payment or use it for large purchases. Also, don't max out your card because this will seriously hurt your credit score.
False purchases not covered by $0
You should have a credit line with zero liability for fraud purchases if there are concerns about you getting charged with fraudulent transactions. Each issuer has different policies and they are all explained on their website. If you suspect that your account was misused, you can call the company directly. In addition, many cards provide 24-hour monitoring and have parameters for determining if a charge is fraudulent. You might also be able to receive secure messages or texts asking you to confirm purchases. However, if you don't verify a payment within sixty days, the full amount may be due to you.
You also get 24/7 customer service and flexibility with payment due dates on a credit card that is zero-liability for fraudulent purchases. Citi credit cards are free from liability for unauthorised purchases. Citi Identity Theft Solutions provides free identity theft assistance, which can help you if someone steals your identity. A Citi card also routinely monitors your account for fraudulent activity and contacts you if suspicious activity is detected.
0% APR
A Citi secured credit cards at 0% APR are great for people with bad credit histories. You will need to make a deposit between $200 and $2,500 to get the credit card. This amount can be refunded if you decide not to use it. You also get a user-friendly app and flexible payment terms. Although a secured card doesn't earn rewards, it is a great option for those with a poor credit history or limited credit history.
Citi will examine your credit history, and report on account activity to the credit bureaus. This can help with getting better interest rates. However, you must apply for the card online, so it takes about four weeks to get a decision. Your decision will be received within seven to ten working days.
No foreign transaction fee
The Citi Secured Mastercard is an excellent credit building card with no annual fee. The only thing you need to do to receive the card is to make a minimum $200 security deposit. The card allows you to have a credit line of up $2,500. The only fees on this card are balance transfer fees of 3% of the amount you transfer, and a 3% foreign transaction fee.
Citi Secured Mastercard comes with no annual fee and the standard APR rates. It comes with a contactless payment chip for faster transactions. It also offers special deals for travel, dining and entertainment. It isn't the best credit card but offers many benefits. Its cash back program is modest but it can add up to a substantial amount each year. The card's only problem is the foreign transaction fee.