citi is not doing so well (understatement), and their consumer credit products will continue to face significant scrutiny to minimize losses. their secured card is an excellent way to get in the door with a prime bank, but don't expect any great CLIs. conservative CLIs ($500 at unsecuring) are the norm, just like with bofa.
you should try US Bank secured card if you get shot down at Citi. they are an excellent financial institution and offer excellent credit card products once you get in the door with them. the only problem is they may not offer some products in all states.
I have a Citi secured card that I received December 2009.
I applied for another one at the very end of January. Yesterday, Feb 8th, I received an email that I was approved for a second one. They pull EQ and there are no baddies on my report with that bureau.