Worth it!
Let me start out by saying that this card is definitely worth it! I was young and dumb and really damaged my credit, about a year ago is when I really began to start wanting to clean it up. I applied for the Capitol One secured card, got approved, but forgot to fund the deposit so when I applied for it a second time, I was denied. Credit Karma suggested the Citi Secured card and I figured it wouldn't hurt to try. I got approved and have been using my card for about a month. I use it for gas and small food purchases. In that month my score shot up 58 points! It was a great feeling. If you're like me and read reviews, take my advice, get the card, its worth it!
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Good Card to Rebuild
Had the card for About a month still has yet to report to the credit bureaus they hold your first payment for 2 weeks because of a lengthy verification process. Good card no annual fee. Long application process will update when they report to the credit bureaus
My score has increased over 75 points within 2 months. I keep utilization low and I make my payments on time. Which is key!!!!! However, always remember to keep your utilization low 30% or less in order to see your credit score increase also pay your bill in full. If your card has $200 limit it’s good to use the maximum of $60 but granted that’s high so $28 or less would be great. Because it’s showing the creditors you’re responsible with credit. Showing zero utilization is not good to me Bc it’s basically saying your not showing any activity on your card. Which will not increase your score tremendously. You always want to show some activities and make payments in full by due date. Credit card can be tricky you have to find out your important dates such when your bill is due, when they report to credit bureaus and etc. this particular card is very easy to make payments. Then payments instantly reflects on your account. Which is great. I hope this information was helpful. Good luck. Let’s keep rebuilding and those scores on a rise!
Great card for rebuilding credit.
It does take a few weeks to get the card after approval. They have a great app for your phone. Make payments from your phone and see all your transactions. My score went up 64 points on Trans & like 24 points on the other just on approval. I have used the card with no issues so far.
Didn't help...
Was super excited after reading reviews to see a decent increase in my score after being approved. Waited and waited and no increase...made my first payment...my score went up a whopping 1 point! Sad after I made the $200 down payment on it. Hopefully the following months will show some increase?
Long Application Process
Took over a month to be approved and have card in hand .
It doesn't help you at all improve your credit history capital one does and they protect the merchant I have a nasty dispute with a seller and they won't give me a refund because the merchant isn't communicating with me. How's that I don't get it but I'll keep fighting it.
I'm thinking of closing it.
It's not helping me at all.
Report them to consumer financial protection Bureau, they protect consumers from credit card issues like refunds, unfair treatment, credit, etc.
Its very helpful when used right.
Payments might be slow but they are trustworthy so far.
Prepare to wait two months. Customer service sucks. Call center outsources to non-American company. Very little gain in credit score. No flexibility w/payment dates. Discover is better.
Horrible
Nothing but issues
Citibank will ruin you.
They will take away your available balance with no warning at all. And for little to no reason. To the point of you maxing out your card. Or being over the limit! These guys hurt us bad by doing this. With never missing a payment and more then the minimum payment for years! With ascore of 750... Shame on this company. Read the reviews on consumer affairs! Or the BBB,, the only good reviews they have are herefor some reason.
What are you talking about dummy? What the hell is ab avalible balance? How can a balance be avalible? You mean availble credit limit?? And of course they take your limit if your credit drop silly what else u expect. Plus this is a secured card they will never take away from you if you put a deposit. Only if your deposit is lower. Read the disclosure. It reads, we do soft checks on your credit at randomn and if your credit score goes down alot they can lower your availble limit. Yahl kill me with your reviews. This ain't a Citi problem, this is a you problem. Your credit dropped so did your limit. All credit card companies do that it ain't just citi goofy
@Rustykraqer your review is a little difficult to follow, but it sounds like you're saying you have a credit score of 750. If that's true , you really are a dummy for even screwing around with a citi secured card. Stop whining and get a real credit card