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I applied for a Citibank Secured card but was denied because they couldn't verify my identity so I sent a copy of my DL and paycheck stubs to verify income and address. So now I'm under reconsideration. I don't know why this is taking so long. I have a secured BoA card and Capital One Platinum but I want this Citibank Card so I can graduate. Plus I'm an authorized user on an Amex Gold Card. I'm trying to get my credit score well into the 600s.
Does anyone else have this problem with Citibank?
Sorry I don't have any personal experiences with Citibank myself, but from what I seen they do take some time to process a secured card application. When I was first looking at secured cards about 2 years ago, I read that some folks would mail in their secured application and Citi would cash the check and then take weeks before they make a decision on the application. Some folks even stated they didnt get their deposit back weeks after being declined. I guess the only thing I can suggest is to be patient with them.
Also you stated that you wanted a secured card that would graduate. Your secured BOA card should unsecure after a year. Mine recently unsecured between the 10th and 11th month. I hope you do get a approved for your Citi secured card, but even if you didnt, you still have a good secured card with BOA. Good luck, I hope all goes well with your Citi secured card app.
I know that Citi takes a while sometimes on address verification for non-graduated cards, so I'm sure that they are taking their sweet little time with your secured card app. I'd just call and follow up with them to check the current status of your application.
@frogfan12 wrote:I know that Citi takes a while sometimes on address verification for non-graduated cards, so I'm sure that they are taking their sweet little time with your secured card app. I'd just call and follow up with them to check the current status of your application.
And secured cards always take longer to process unfortunately; fraud check goes both ways on them.
To the OP: There's not much experience with Citibank secured products on this forum, but they don't have a bad reputation compared to some of the other lenders. If you've already gone through the challenging parts which is actually getting into their system and filing the additional paperwork, I think you should absolutely pursue the card. I appreciate your posting your experience with them here, and would definitely be interested to hear how they are if / when they graduate a year / 18 months / whatever out.
That's really strange. From what I know of that application, you have to print it out and send it in the mail with that information from the get-go...is it online now?
I tried applying for it in 2009 but was denied (I don't even remember why, tbh). It's since disappeared from their main website and it seems like the only way you can get to the app is through a Google search.
They re-opened it sometime in 2011, I remember Money magazine did a piece on secured cards and theirs was listed... but as mentioned earlier, there's hardly any experience with them on the forums that I've been able to ascertain (and I asked when I was establishing tradelines a few months ago).
Update: My application is still processing and undergoing a manual process. Yesterday I called Citibank because I had two missed calls from them (no one a left message) but the person I spoke with said she didn't know why they called. The entire process is confusing. The Customer Service Rep told me 7-10 more days. I don't know why it's taking so long.
How do you apply for secured card? It is no longer on their web site.