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Valued Member
ScottsdaleDad
Posts: 31
Registered: ‎02-21-2010

Citibank secured credit card

Does anyone know the minimum fico for the Citibank secured credit card? How long does it take from application until you received a decision?

 

Thanks


Starting Score: TU=595, EQ=635
Current Score: TU=650, EQ=629
Goal Score: TU=725, EQ=725


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Established Contributor
YoungEntrepeneur
Posts: 586
Registered: ‎03-03-2009

Re: Citibank secured credit card

Look elsewhere if you have baddies on your CR. This card is for consumers who have limited history and want to build credit history rather than rebuild.
Established Contributor
cashnocredit
Posts: 959
Registered: ‎07-18-2009

Re: Citibank secured credit card

A year ago I was at about 580 and got a WF secured CC. Six months ago I was around 650 FICO when I first got a Citi secured. I had several utility CAs and a tax lien that were about 3 years old but clean in the last 2 years. Also no bk as I've heard they really don't like a bk on the file. I love the interest rate on the CD. Best deal anywhere.I just broke 700 and now have a pre-approve for a Discover More with great rates. Before that the best offer I got was Premiere with about $260 in front end fees for a 300 line. Yuck.
I have reestablished credit over the last couple years
so my moniker is, well, rather out of date.

WM Discover $1800, WF Plat 12k, Chase Freedom Siggy15k, Amex Plat (60k H/B), Citi AA EWMC 25k
Valued Member
ScottsdaleDad
Posts: 31
Registered: ‎02-21-2010

Re: Citibank secured credit card

Thanks for the info. I applied for a WF secured card last Friday, but still haven't heard a decision. I guess that's a good thing I haven't been declined yet. Still waiting for Citibank decision. They took their money out on 2/23. The only card I have so far is Orchard. Was just turned down for NASA FCU. Will try Navy FCU next as I heard they are BK friendly. I'm looking 3-4 cards to build my credit. Will post when I hear back from everyone.

Starting Score: TU=595, EQ=635
Current Score: TU=650, EQ=629
Goal Score: TU=725, EQ=725


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New Contributor
chic
Posts: 58
Registered: ‎08-05-2009

Re: Citibank secured credit card

I was denied for the Citibank secured, took over a week for them to get back to me, and a week after that to return my funds for the secured deposit. I only have one cc open boa, no baddies in 4yrs. It would be great if Citi gave a response as quickly as they withdrew the funds.

 


2009 Starting Score: 504EQ 515TU
Current Score: 604EQ 641TU
Goal Score: 700


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Valued Contributor
casinoannie97
Posts: 1,989
Registered: ‎08-17-2007

Re: Citibank secured credit card

I still don't understand that they can deny you a CD.  Anyone?????  At over 4% it is a good rollover it would seem.

 

Do you mean you need good credit to put your own money up.

 

Regular Contributor
emartin82
Posts: 140
Registered: ‎12-29-2008

Re: Citibank secured credit card

that really sucks. if you got denied with bad accounts four years ago then i dont stand a chance. another wasted inquiry.
Valued Member
ScottsdaleDad
Posts: 31
Registered: ‎02-21-2010

Re: Citibank secured credit card

I just got turned down by WF for their secured card because of my BK discharged 4/08. Citibank said I should have a final decision on Friday. Not holding my breath though. I'm trying credit unions exclusively from now on so I'm not wasting hard inquiries.

Starting Score: TU=595, EQ=635
Current Score: TU=650, EQ=629
Goal Score: TU=725, EQ=725


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Senior Contributor
laz98
Posts: 4,291
Registered: ‎09-06-2008

Re: Citibank secured credit card

shouldn't they approve you before they start picking your pockets????
Latest scores: Walmart TU: 766. MyFICO TU: ---. DCU EQ: 741. PSECU EX: 756.
Valued Member
ScottsdaleDad
Posts: 31
Registered: ‎02-21-2010

Re: Citibank secured credit card

You would think so. Citibank takes their money out in 1 day, and I heard it takes a week to get it back if they turn you down. Interesting how they can ACH your account in 1 day, but they can't refund your money by ACH.

Starting Score: TU=595, EQ=635
Current Score: TU=650, EQ=629
Goal Score: TU=725, EQ=725


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