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Just applied for a Citi Secured card, regretting my decision

FruitSnacks
Contributor

Re: Just applied for a Citi Secured card, regretting my decision

First of all - congratulations on your approval!
I just want to chime in and say that I think you will be just fine with your Citi card. Treat it well. Stay on top of it. It will grow with you.




Message 11 of 12
techgrad2020
Established Member

Re: Just applied for a Citi Secured card, regretting my decision

@Amwar73mf 

 

Citi is not for everyone. I also regret getting a Citi secured card.

 

Biggest regret was starting with a $300 toy limit. Citi will never allow YOU to increase that limit. They will not accept additional deposits. My card unsecured in 18 months. I received a check in the mail. No problem. But my CL did not increase. My scores are also low 700 recently (up from 660-680 which was a consistent range for over 12 months). My account has crossed the 2 year mark and still no CLI. No lates, no returned payments, no collections, never a BK, PIF and low utilization for last 6 months. It's no mystery. Citi told me the reason -- Too many accounts opened in the last 2 years. But ALL of my other cards have grown substantially so .....  

 

So I dug a hole and buried the Citi card in the backyard.  YMMV

Message 12 of 12
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