Credit Cards » Compare Credit Cards » Citi Secured Mastercard vs Capital One Secured Mastercard: How They Compare?
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Citi Secured Mastercard vs Capital One Secured Mastercard: How They Compare?

Both cards don't offer rewards or bonuses, but the Capital One Secured Mastercard is our winner due to better credit-building features.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

The Citi Secured Mastercard and Capital One Secured Mastercard are both secured credit cards designed to assist individuals in building or rebuilding their credit. However, they differ in various aspects that may influence your choice.

General Comparison

The Citi Secured Mastercard offers flexibility in choosing your initial deposit amount, ranging from $200 to $2,500. Your security deposit determines your credit limit, providing control over your spending capacity.

The application process involves an immediate review, and if approved, you have 14 days to fund your security deposit. This card is ideal for those seeking a straightforward approach to credit building without the complication of rewards.

On the other hand, the Capital One Secured Mastercard is known for its simplicity and accessibility. It requires a lower minimum security deposit of $49, $99, or $200, based on your creditworthiness.

The Capital One Secured Mastercard has no annual fee and no foreign transaction fees, a nice advantage compared to the Citi Secured card. However, its maximum credit limit, at least at the start, is lower.

Here's a side-by-side comparison of the card's main features:

citi secured mastercard review

capital_one_secured_mastercard

Citi Secured Mastercard
Capital One Secured Mastercard
Annual Fee
$0
$0
Rewards
None
N/A
Welcome bonus
None
N/A
Credit Limit
$200 – $2,500
$200 – $1,000
Foreign Transaction Fee
3%
$0
Purchase APR
21.24% – 29.24% (Variable)
30.74% (Variable)
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Offers From Our Partners

Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

Milestone® Mastercard®

Annual Fee:
$175 the first year; $49 thereafter
APR:
35.90%
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Compare Extra Perks & Credit Building Features

Both Citi and Capital One Secured Mastercard offer features and benefits for cardholders, primarily those who are looking to build their credit:

Citi Secured Mastercard

citi secured mastercard review

  • Flexible Payment Due Dates: Citi Secured Mastercard allows you to choose from available payment due dates at the beginning, middle, or end of the month, providing flexibility to align with your financial schedule.
  • Credit Bureau Reporting: It reports monthly to all three major credit bureaus, aiding users in demonstrating responsible credit behavior, which is crucial for improving their credit score over time.
  • Automatic Account Alerts: Enjoy stress-free management with automatic alerts that remind you of balance levels, upcoming payments, and instances where you exceed your credit limit. These alerts can be received via email or directly on your mobile phone.
  • Free FICO Score Access: Cardholders benefit from free online access to their FICO credit score, providing valuable insights into their creditworthiness and allowing them to track improvements over time.
  • $0 Liability on Unauthorized Charges: Experience peace of mind with the Citi Secured Mastercard, as it offers $0 liability on unauthorized charges, ensuring you are not held responsible for any unauthorized transactions made on your card.
  • 24/7 Customer Service: Citi provides round-the-clock customer service, with representatives available 24 hours a day, 7 days a week. This ensures that you can get assistance whenever you need it, addressing any concerns or queries promptly.
  • ID Theft Protection: Citi Secured Mastercard provides an ID Theft Protection program, monitoring selected information to alert users of any suspicious activity, helping to safeguard against identity theft.
Capital One Secured Mastercard

capital_one_secured_mastercard

  • Automatic Credit Line Reviews: Capital One Secured offers automatic consideration for a higher credit line after as little as 6 months of responsible card use.

  • Credit Reporting: The card reports to all three major credit bureaus, providing an opportunity to build credit with a history of responsible card usage.

  • No Hidden Fees: Capital One Secured comes with no foreign transaction fees, replacement card fees, or authorized user fees, ensuring transparency and no unwanted surprises.

  • Refundable Deposits & Upgrades: Responsible card use may result in earning back the initial deposit and the potential to upgrade to a standard, unsecured Platinum card.

  • Make Your Deposit, Open Your Account: A minimum deposit of $49, $99, or $200 opens your account, providing an initial credit line of $200.

  • Account Alerts: Set up personalized email or text reminders to stay informed about your account activity and manage it effectively.

  • CreditWise from Capital One: Enjoy free credit monitoring with CreditWise, regardless of whether you have a Capital One credit card, without impacting your credit score.

  • $0 Fraud Liability: In case of a lost or stolen card, you won't be held responsible for unauthorized charges, offering added security.

  • Account Alerts from Eno: Receive alerts for potential mistakes or unexpected charges, such as duplicate purchases or sudden recurring bill increases, enhancing fraud detection and financial oversight.

Compare The Alternatives

If you're looking for a credit-building credit card, here are some alternatives :

OpenSky® Secured Visa® Credit Card

First Progress Platinum Elite Mastercard® Secured Credit Card

Milestone® Mastercard®

OpenSky® Secured Visa® Credit Card
First Progress Platinum
Milestone® Mastercard®
Annual Fee
$35
$29
$175 the first year; $49 thereafter
Foreign Transaction Fee
3%
3%
1% of each transaction in U.S. dollars
Purchase APR
25.64% (variable)
25.24% Variable
35.90%

Compare Citi Secured Mastercard

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.