CITI CD WITH SECURED CREDIT

[laz98]

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@Anonymous wrote:

I don't know if you can add on.  check out the site.  But the interest is great opposed to getting nothing from most secured cards.

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i did check it out.  i couldn't find anything pertaining to that.  was wondering if someone had asked or found out.

[YoungEntrepeneur]

I have the Citi Secured Card and I tried adding money to the CD about a year ago and they didn't allow it.

[Anonymous]

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@YoungEntrepeneur wrote:
I have the Citi Secured Card and I tried adding money to the CD about a year ago and they didn't allow it.

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Does Citi secured graduate to unsecured after a year or so?

[JMN]

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@Anonymous wrote:

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@YoungEntrepeneur wrote:
I have the Citi Secured Card and I tried adding money to the CD about a year ago and they didn't allow it.

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Does Citi secured graduate to unsecured after a year or so?

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Their website states that it may become unsecured at 18 months. Of course, that all depends on how much they like you.

 

[YoungEntrepeneur]

My Citi Secured Card is set to unsecure next week. I received a letter from Citi two weeks ago stating that they are going to refund my deposit of $200 and grant an initial CL of $400.

[YoungEntrepeneur]

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@Anonymous wrote:

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@YoungEntrepeneur wrote:
I have the Citi Secured Card and I tried adding money to the CD about a year ago and they didn't allow it.

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Does Citi secured graduate to unsecured after a year or so?

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No, after 18 months.

[Andy77]

Young -

Congrats on your CL of 400.00

If I may ask..over the 18 months did you pif each month?

How much was the most you charged in a month?

Thanks 

[laz98]

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@YoungEntrepeneur wrote:
I have the Citi Secured Card and I tried adding money to the CD about a year ago and they didn't allow it.

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well boooooooo.  i thought maybe i could just start with 500 & add to it every month, so it's not such a big chunk all at once.  but i guess i will just wait.

[Anonymous]

Does anybody know how this card reports? Does it report as secured on the CR?

Also, is this hard to obtain? I plan to do this with Citi... I have a 644... thoughts?

***Edit - Does the CITI CD SECURED card report to CRA's?***

Message Edited by jdw00ds on 02-26-2010 12:12 PM

[YoungEntrepeneur]

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@laz98 wrote:

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@YoungEntrepeneur wrote:
I have the Citi Secured Card and I tried adding money to the CD about a year ago and they didn't allow it.

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well boooooooo.  i thought maybe i could just start with 500 & add to it every month, so it's not such a big chunk all at once.  but i guess i will just wait.

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That's what my plan was but it backfired.