Chip Lupo, Credit Card Writer
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The Citi® Secured Mastercard® is a good first-time credit card because it is available to people with limited credit and its annual fee is $0. This means it’s easy to get approved for and inexpensive to own. Responsible use also builds credit, as the Citi Secured Card reports account info to the major credit bureaus monthly.
To get approved for the card, you will need to have a steady income and meet other basic requirements like being at least 18 years old and having an SSN or ITIN.
Why the Citi Secured Card Is a Good First-Time Credit Card
- Available to: People with limited credit
- Annual fee: $0
- APR: 27.49% (V)
- Security deposit: $200
- Reports to credit bureaus monthly: Yes
It’s worth noting that the Citi Secured Card isn’t the only good first-time credit card out there. You can learn more about the best first-time credit cards on WalletHub.
Citi® Secured Mastercard®
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