cancel
Showing results for 
Search instead for 
Did you mean: 

Citibank secured credit card

New Contributor

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 (5/16/16): EX=593, TU=587, EQ=572
Current Score (8/24/16): EX=634, TU=649, EQ=649
Goal Score: EX=725, TU=725, EQ=725


Take the FICO Fitness Challenge


Message 1 of 13
12 REPLIES
Established Contributor

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.
Message 2 of 13
Valued Contributor

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so my moniker is, well, rather out of date.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 Siggy18k, Amex Plat (60k H/B), Citi AA EWMC 25k
Message 3 of 13
New Contributor

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 (5/16/16): EX=593, TU=587, EQ=572
Current Score (8/24/16): EX=634, TU=649, EQ=649
Goal Score: EX=725, TU=725, EQ=725


Take the FICO Fitness Challenge


Message 4 of 13
New Contributor

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


Take the FICO Fitness Challenge
Message 5 of 13
Valued Contributor

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.

 

Message 6 of 13
Regular Contributor

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.
Message 7 of 13
New Contributor

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 (5/16/16): EX=593, TU=587, EQ=572
Current Score (8/24/16): EX=634, TU=649, EQ=649
Goal Score: EX=725, TU=725, EQ=725


Take the FICO Fitness Challenge


Message 8 of 13
Senior Contributor

Re: Citibank secured credit card

shouldn't they approve you before they start picking your pockets????
Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 9 of 13
New Contributor

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 (5/16/16): EX=593, TU=587, EQ=572
Current Score (8/24/16): EX=634, TU=649, EQ=649
Goal Score: EX=725, TU=725, EQ=725


Take the FICO Fitness Challenge


Message 10 of 13