Citi Diamond Secured Credit Card

By Raquel Oliveira • 03/06/2025

Citi Diamond Secured Credit Card Provides access to Citi’s credit-building tools.

This secured credit card allows you to deposit a security amount that serves as your credit limit, providing you with the opportunity to demonstrate responsible credit usage and improve your credit score. 

The Citi Diamond Secured card offers all the benefits of a traditional credit card while helping you establish a positive credit history.

With no annual fee, the Citi Diamond Secured Credit Card is an affordable choice for those who are looking to improve their credit score without additional costs.

Additionally, it reports to all three major credit bureaus, making it an ideal tool for individuals who want to build a solid credit history over time.

Unique Feature of the Citi Diamond Secured Credit Card

The unique feature of the Citi Diamond Secured Credit Card is its ability to help individuals build or rebuild their credit through responsible use of a secured line of credit. 

With this card, you deposit a refundable security deposit that becomes your credit limit. This is a great way to establish a credit history and show that you can handle credit responsibly.

Pros and Cons

Pros:

• No annual fee: Enjoy the benefits of a secured credit card without paying an annual fee.
• Reports to all three major credit bureaus: Build your credit history by demonstrating responsible use.
• Refundable security deposit: Your deposit serves as your credit limit and is refundable once you close your account or upgrade to an unsecured card.
• Access to Citi’s online tools: Manage your account easily with Citi’s online tools, including account alerts and payment tracking.

Cons:

• Requires a refundable security deposit, which may be a barrier for some applicants.
• No rewards program, meaning users will not earn cashback or travel points.
• High APR, making it expensive for those who carry a balance instead of paying in full each month.

How do I know if the Citi Diamond Secured is the best credit card for me?

This credit card is designed for individuals who are focused on improving their credit score and who can manage their spending responsibly with a secured card.

For those who are committed to making on-time payments and keeping balances low, the Citi Diamond Secured Mastercard can serve as a stepping stone to qualifying for unsecured credit cards in the future.

However, if you are looking for a credit card that offers cashback rewards or travel perks, this card may not meet your expectations. Additionally, if you do not want to tie up funds in a security deposit, you may need to consider unsecured credit-building alternatives.

If your primary goal is to establish or rebuild credit in a structured and reliable manner, this secured credit card is a valuable tool to support that objective.

Why do we like this card?

We like the Citi Diamond Secured Credit Card because it provides a simple, effective way for individuals to build or rebuild their credit. 

With no annual fee and the opportunity to upgrade to an unsecured card in the future, this card offers great value for those looking to improve their credit score. 

For individuals looking for a reliable, no-frills secured credit card that prioritizes credit-building, the Citi Diamond Secured Mastercard is an excellent option.

Conclusion

The Citi Diamond Secured Mastercard is a strong choice for individuals who want to establish or rebuild their credit responsibly.

With no annual fee, structured credit-building features, and reporting to all three major credit bureaus, it provides a reliable foundation for improving financial health.

If you are looking for a simple and effective way to build credit, the Citi Diamond Secured Mastercard is a practical and affordable option that provides essential tools for financial growth.