Deposit an amount, from $200 to $25,000 into a CD (Certificate of Deposit). Your credit card limit then becomes equal to the amount of money in your CD. We report your account performance to major credit bureaus, and after 18 months, you could become eligible for an unsecured Citi Platinum Select credit card. Meanwhile, you'll earn a competitive annual interest rate on your CD.
i have heard of people being declined for secured ccs- usually b/c of bk or unpaid liens or recent baddies. Some have said citi secured is for people who have NO credit, NOT rebuilding, but i have seen both types of people approved. Also, whether a cc reports as secured or not does NOT impact your fico scores.