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Citi Secured

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jbsilva21
Regular Contributor

Citi Secured

So i applied for the citi secured a few days ago. Today I noticed that they deducted the security deposit. Does this mean it is approved?

Message 1 of 18
17 REPLIES 17
Anonymous
Not applicable

Re: Citi Secured


@jbsilva21 wrote:

So i applied for the citi secured a few days ago. Today I noticed that they deducted the security deposit. Does this mean it is approved?


Yes.  Once the deposit is deducted, you are good to go.  Congrats!!

Message 2 of 18
jbsilva21
Regular Contributor

Re: Citi Secured

Yesssssss!

Message 3 of 18
Anonymous
Not applicable

Re: Citi Secured

Congrats!!!

 

I applied Monday afternoon and the status still shows as "under review". I am really hoping to see that deposit taken from my account because I want back in the door with Citi sooooooo badly.  I am very anxious that it is taking and will result in a decline Smiley Sad 

Message 4 of 18
Anonymous
Not applicable

Re: Citi Secured


@Anonymous wrote:

Congrats!!!

 

I applied Monday afternoon and the status still shows as "under review". I am really hoping to see that deposit taken from my account because I want back in the door with Citi sooooooo badly.  I am very anxious that it is taking and will result in a decline Smiley Sad 


Hang in there and will keep fingers crossed for you.  Update the thread with results ok...

Message 5 of 18
jbsilva21
Regular Contributor

Re: Citi Secured

Good luck cam3150.
Message 6 of 18
jbsilva21
Regular Contributor

Re: Citi Secured

Update, I checked this morning via the application status link and it still states that the application requires further processing. So I decieded to call and spoke with a CSR and he basically told me the same thing. He also mentioned that just because the deposit is taken, it does not necessarily mean that it is approved. Yikes, now I have a bad feeling about it. He told me that they take the deposit and then check your info. Doesn't make sense to me at least. When I got approved for BoA secured last year the ran my credit, approved me, and then took my deposit. I guess another week of waiting to see where I stand.Smiley Frustrated 

Message 7 of 18
gibeon
Established Contributor

Re: Citi Secured

Cities secured is a slow process. Used to take a month or there about.

I think mine took 10 days with the online application to actually show the approval, though they took funds well before that.
23 Open Bank Cards / 7 Open Store Cards / TOO many inquires / Mid/High 600's
Message 8 of 18
jbsilva21
Regular Contributor

Re: Citi Secured

Well, I wouldn't care if it took a month just as long as it is approved!

Message 9 of 18
Anonymous
Not applicable

Re: Citi Secured


@jbsilva21 wrote:

So i applied for the citi secured a few days ago. Today I noticed that they deducted the security deposit. Does this mean it is approved?


When I apped and was eventually approved for the citi secured it took forever and ever (and ever) for them to approve the application.

Be patient, itll happen

Message 10 of 18
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