Citi Secured CC; what are my chances...

[Anonymous]

Hello, i'm currently working on rebuilding my credit.

TU - 594, Equifax - 597, Experian - 579

No auto loans. 

8 student loan accounts all in good standing; they're deferred until next April but I have began paying on them. 

I have two accounts in collections--one was recently paid because I was served, and the other I have not yet touched. Both accounts are a little over a year old. 

I have a CO with Capitol One. It's an outstanding balance of $1,227 with 123% utilization. I'm beginning to pay it off this month. 

I applied for the Discover IT Secured CC last weekend & was approved. I'm so excited to help rebuild my credit. I want to apply for the Citi Secured CC but I'm a bit weary after reading a couple of posts. It's either a hit or a miss when it comes to getting approved and the wait time is so long. Do I even stand a chance? Thanks guys.

[Anonymous]

I was approved for the Citi secured back in March, with scores lower. Had one collection account and 1 charge off. From what I have heard as long as you don't have a BK (which you didn't say you did) and as long as you haven't burned Citi in the past (which you also didn't mention) you have a solid chance. A day or two after I applied they withdrew my money, and then about 5-6 days later I got the email confirming I was approved. They sit on the money before confirming you're approved to make sure it doesn't bounce.

Obviously that all being said, YMMV. Your situation sounds very similar to mine though. Best of luck and keep us posted!