Secured Citibank Credit Card Review – Build Credit

Citibank is offering a secured credit card (plus 18 month Certificate of Deposit) created to help you build credit.

Start using the new Citi Forward® Card and earn a .25% APR reduction when you use your credit wisely.

Many people looking to build credit either have no credit or have very poor credit and need a card that is easy to qualify for.

Citibank says that this card is simple to qualify for, which means if you qualify you can use it as a tool to help rebuild your credit.

Keep in mind that just owning the Secured Citibank credit card will not build good credit.  It is your spending habits and actions that will determine how your credit ends up.

Here are some details of this offer:

  • There is an annual fee of $29.00
  • Purchase APR: 18.24% Variable
  • Balance Transfer APR: N/A
  • $0 Liability on unauthorized charges
  • You may become eligible for an unsecured Citi® Platinum Select® MasterCard® After 18 months
  • Credit limit based on CD deposit (see below)

See more easy to qualify credit cards.

How the Credit Card + Certificate of Deposit work.

You are allowed to deposit $200 up to $5,000 into a CD (Certificate of Deposit). Your credit card limit then becomes equal to the amount of money in your CD. Your credit card account information will be reported to the three main credit bureaus plus you’ll earn money with your CD.

To get more information and see the fine print go here.