Secured Credit Card from Citi Bank Review
The nice thing about the secured credit card from Citi Bank is that you know you're getting a card from a well known bank. While there are some banks that you haven't heard about out there, you can be assured that when you apply for this card, you're going to be dealing with a bank that is legit, and is truly going to help you rebuild your credit over time.
Credit Check
From the research on the card, it looks as if the Citi Bank card does run a credit check. Most cards out there generally don't run a check, so if your credit is a factor, you may want to look into other cards.
Credit Limit
The minimum deposit on the card is around $200. Refer to your cardholder's agreement to learn more about the credit limit you're going to be able to reach. Every invidividual is going to vary on their credit limit. This card does have an APY making it a very lucrative card.
Credit Reporting
This Citi Bank card does report to the credit bureaus. This is a must if you're looking to have your purchases reported to the major credit bureaus themselves.
Annual Fee
There is an annual fee with the card. Be sure to refer to your card agreement to know what you're going to be charged exactly in terms of fees, as it may change.
Compared to most cards on the market, this card does have a lot of features and options that you may be interested in. You can become eligible for a unsecured card if you can prove that you can pay off your card in time. The card also features other items such as interest on your deposit, $0 liability, auto rental insurance, customer service 24/7, security and so much more.
