You have very few credit card options once you file for bankruptcy. A secured credit card may be an option if you are not fully rehabilitated. This will require you to make a cash deposit. These credit cards can help you rebuild creditworthiness and improve your score. To improve your credit score, you can apply to a post-bankruptcy card.
Capital One Platinum Secured
Capital One offers credit cards with low security deposits. The deposit is usually between $49 and $200, depending on your overall credit score. It increases your spending limit by the equivalent amount. If they are able to pay the security deposit, even bankruptcy can apply for this card.
Capital One Platinum Security credit card can be applied for by applicants with a poor credit score. Applicants need to first have a checking/savings account in order not to be denied. Applicants must also prove they have enough income to pay their monthly expenses. This may sound like a hardship. Another option is to get a credit card with no bank account such as the Green Dot Visa Secured card. These credit cards can be used to deposit cash at participating stores. You can also use these cards to get free checks.
It's Secure!
If you are looking to rebuild your credit rating after bankruptcy, you might consider a credit line like the Discover it secured credit card. Its features and rewards make it a good choice, and there is no annual fee. There are no late or foreign transaction fees. You also have free access to your FICO Score.
Rebuilding your credit means that you make timely payments and adopt responsible buying habits. Because secured credit cards offer smaller credit lines, it is a good idea to start with small purchases each month. This will help build a track record of stable payments and show lenders that your income is not dependent on credit.
OpenSky Secured Visa
The OpenSky Secured Visa for bankrupt credit card is a great option for those with bad credit. You can apply for the card with a debit card or via Western Union, but you will need to pay a security deposit of $200 to $3,000 to get started. OpenSky will mail out your card after the money has cleared. It could take up to three weeks for you to receive your card.
OpenSky Secured Visa to Bankrupt Credit Card offers many benefits. You don't need a checking or credit score to apply. In addition, you will only need to provide a refundable deposit of $200 to $3,000 to receive an approval. The deposit will serve as your credit limit. You can still get approved for the card if you meet all these requirements, even though you may have low credit scores.
Rebuilding Credit: Capital One Platinum Visa
A credit card that earns cash back is an excellent option for people with bad credit. Credit One Bank offers a Platinum Visa that allows you to earn 1 percent cash back on every day purchases. It is important that you are aware of the card's terms and fees. It is common for unexpected fees and rates to occur, so only apply for the card when you are prequalified.
Capital One can approve you for a credit card even if your bankruptcy has been filed in the past. Their Platinum Visa for Rebuilding Credit is low in interest and has no foreign transaction fee. Credit Protection Program will help prevent your credit score falling while you rebuild.