Citibank Offers Secured Citi MasterCard

Citi Cards will also provide bilingual applications in Chinese/English and Spanish/English for the secured card. A deposit, which is placed in an 18-month CD, with a minimum of $200 and a maximum of $5,000, secures the Citi MasterCard and becomes the amount of the customers credit line. Unlike some secured cards, the deposit will earn interest. If payments are made on time, and the account is kept in good standing for a full 18 months, the customer may be eligible for an unsecured Citi credit card as well as other financial products. Credit is a major responsibility and therefore educating new secured cardholders about smart money management and responsible spending is vital. Citi will provide support through its credit education program, Use Credit Wisely, accessible at www.UseCreditWisely.com. Use Credit Wisely provides free financial tools and advice to help people of all ages, backgrounds and economic levels to develop healthy credit habits, protect themselves against credit card and identity fraud, and to dispel common credit myths. The comprehensive Use Credit Wisely credit education initiative also features the Spanish-language Hablando de Credito program for the Hispanic Community, accessible at www.CuidaTuCredito.com. Additionally, the secured card includes all the benefits of a Citi MasterCard such as: - Worldwide acceptance at over 30 million establishments - Cash access at over 820,000 ATMs worldwide - Multilingual customer service - Photocard, putting the customers signature and photo on the card so only they can use it - Fraud Early Warning gives 24-hour protection from fraud - Lost Wallet Service, which quickly replaces a customers card if its lost or stolen, and also provides the customer with emergency cash(subject to available cash advance limit) - Buyers Security, which protects most purchases against theft or accidental damage for up to 90 days from the date of purchase Residents and non-residents, who are at least 18 years of age, have an annual income of at least $8,000 and a valid Social Security Number or Taxpayer ID Number (TIN) are eligible to apply. Non-residents can apply by completing a W-8BEN Form and by providing a copy of a government issued ID, such as an I/94 Immigration form, passport or national identification card as well as proof of an existing banking relationship. The Citi secured card has an Annual Percentage Rate of Prime + 9.99%, currently 13.99%, and a $29.00 Annual Fee.