After filing for bankruptcy, your credit card options are very limited. You may want to consider a secured card if your credit history is not complete. These credit cards are intended to rebuild your creditworthiness. You can apply for a credit card post-bankruptcy to improve your score.
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 also boosts your spending limit by the same amount. Bankrupts are eligible to apply for this credit card provided they pay the security deposit.
Applicants with a low credit score can apply for the Capital One Platinum Secured credit card. Applicants should have a checking or savings account to avoid rejection. Applicants must also prove they have enough income to pay their monthly expenses. If this sounds like a hardship, another option is to use a credit card without a bank account, such as the Green Dot Visa(r) Secured card. These credit cards are available to deposit cash at any participating store. You can also use them for free checks.
You can find it secured
If you are looking to rebuild your credit rating after bankruptcy, you might consider a credit line like the Discover it secured credit card. The card's benefits and rewards make it an excellent choice. There is also no annual fee. This card also has no fees for foreign transactions or late payments. It also offers free access to your FICO score.
When you start rebuilding credit, be sure to pay your bills on time and follow 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 to establish a payment history that is stable and prove lenders that you do not depend on credit.
Secured Visa with OpenSky
OpenSky Secured Visa to Bankrupt Credit Card is a great option. You can apply for the card via Western Union or a debit card. However, you will be required to pay a $200-$3,000 security fee to get the card 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 For Bankrupt Credit Card is one of the most attractive options. There are no credit checks or checking accounts required. A $200 to $3,000 non-refundable deposit is required to get approval. The deposit will act as your credit limit. Even if your credit score falls below these standards, you will still be approved for the card.
Rebuilding Credit: Capital One Platinum Visa
If you have bad credit, a creditcard that earns cashback is an excellent choice. Credit One Bank offers a Platinum Visa that allows you to earn 1 percent cash back on every day purchases. It is important to understand the terms and conditions of the card. Expected fees and rates can be common. If you're prequalified, you should only apply to the card.
Capital One will still allow you to apply for a card if you've ever been in bankruptcy. Their Platinum Visa for Rebuilding Credit has a low interest rate and no foreign transaction fee. Credit Protection Program protects your credit score while you are rebuilding.