Did I miss something?

[Anonymous]

Has Citibank always offered a secured credit card?

https://www.citi.com/credit-card-details/citi.action?ID=citi-secured-credit-card&category=view-all-c...

[Anomalous]

Yes. However, it wasn't available to app online for. I tried to get it back in 2011 by mailing in an application. Some went in a branch to get it.

[Anonymous]

I wonder if it ever graduates. If so, this may be an opportunity for people having difficulty getting in with Citi.

[tobey]

It does graduate. This was one of my first cards. I got mine in 2010 and it seems like it became unsecured a couple years later. I converted it to a Forward card a few months after that.

Back then, they were putting your deposit into a CD which had a pretty decent interest rate, so I put the max $5,000 in and ended up making a couple hundred! Not sure if they're still doing the CD thing. If they are, I'm sure the interest rate sucks. 

[Anonymous]

They have had it for a while...

[Anonymous]

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@Anonymous wrote:

I wonder if it ever graduates. If so, this may be an opportunity for people having difficulty getting in with Citi.

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I agree.

[Pway]

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@tobey wrote:

It does graduate. This was one of my first cards. I got mine in 2010 and it seems like it became unsecured a couple years later. I converted it to a Forward card a few months after that.

Back then, they were putting your deposit into a CD which had a pretty decent interest rate, so I put the max $5,000 in and ended up making a couple hundred! Not sure if they're still doing the CD thing. If they are, I'm sure the interest rate sucks. 

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The money one puts towards the security deposit does not collect any interest.  The interest rate is 21.99%.  One must not have any bankruptcy history for two years.  Which I should of known cause Citi does not like bk.

[Anonymous]

Thanks everyone for responding to my post. I'm glad the application is now available online.