Does Citi Have A Secured Credit Card?

Using a secured credit card is a great way to build your credit history and safely boost your credit score.
Secured credit card offers can be found everywhere. Most major financial institutions such as Citi bank offer such credit cards. The most difficult aspect of getting a secured credit card is choosing the right offer for you.

Secured credit cards allow you to use a credit card that is associated with your bank account. Your credit line is based on a percentage of the amount deposited in the account. For example, if you have deposited $1000 and creditor allows you a credit line of 50% of your deposit, you can charge up to $500 on the secured credit card. Retailers are happy to accept secured credit card purchases, in fact retailers cannot tell the difference between purchases are with secured or unsecured credit cards. Banks feel confident in extending credit to consumers using secured credit cards because of the security of the associated savings account. Consumers can use secured credit card purchases to improve their credit history by building a track record of successful credit repayments.

With all of these benefits, it seems that using a secured credit card is good for everyone. One of the best places to look for secured credit card offers is a bank where you have an existing account. If you have an existing relationship with a bank, it will be easy to get answers to questions. Additionally, there will be fewer surprises once you begin using your new secured credit card if you are familiar with the bank’s systems.

Customers who bank with Citi banks and financial institutions may ask “Does Citi have a secured credit card program?” To answer this question, simply search your online Citi bank to identify all the offers for secured credit cards. Citi offers a wide variety of secured lines of credit. You can select from these options or inquire at your local Citi branch to find the offer that best matches your needs. Local Citi branches may also have preferred customer offers with reduced fees or promotions.

Secured credit cards are a great way to build your positive credit history. Your credit score is based on the length of your credit history and your successful repayments of credit. Establishing a history with a secured credit card you will boost your score without the risk of defaulting on loans. Citi offers many options for secured credit cards. Talk to Citi representatives to find the best card for you.



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