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There are two ways to get a Citi Secured card deposit refund:
- When you close your account, you will need to pay your outstanding balance and your deposit will be refunded to your checking account or as a check.
- Once you are approved for this credit card, your security deposit will be held in a non-interest-bearing Collateral Holding Account for 18 months. After this period, if your account is in good standing, you may be eligible for an unsecured card – at this point, your deposit will be refunded to you in full, provided that you do not have an outstanding balance. If you do, they will apply the security deposit to the outstanding credit card balance and refund the difference.
Citi® Secured Mastercard®
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