1) When rebuilding secured cards are not "worthless" as far as the scoring model goes they are TLs, PERIOD!
And when one has no history or needs history TL are of tremendous 'worth'
A builder is trying to add 'paid as agreed' history to their profile, while maintaining a low utilization, that's 65% of what the model is reading, if one can manipulate that, it certainly is NOT 'worth' s'mores
2) Taking HPs to get denials, secured or not SHOULD be of concern because it's still a HP being burnt
The OP has 4 trade lines already. If they want more they can get a store card through SCT easily enough and not let someone have their money for no reason.
I got this same denial a year and a half ago from Citi. I had some unpaid COs at the time. Were they referring to them???
Can someone please explain this exactly to me. $56k income not enough??
It was probably because of the unpaid CO because that is factored in your debt.