The best credit card after bankruptcy is the one that doesn't have a high annual fee and offers rewards. A good example of this card is the Discover it(r), Secured Credit Card. This card has no annual fee, foreign transaction fees or late fees, and also provides free access to your FICO score.
OpenSky Secured Visa(r), Credit Card
OpenSky Secured Visar (r) credit card can be a great choice for those who have just filed bankruptcy. You can choose a credit limit based on your refundable deposit, and this card allows you to make payments on time. It also charges a much lower annual fee than other secured credit accounts. OpenSky is a Capital Bank secured credit card, which comes with all of the benefits associated with a Visa card.
OpenSky Secured Visa also has the great advantage of not running a credit check. Your credit limit is based on how much you deposit into your card's account. You can raise it anytime you wish. The $35 annual fee for this card is payable. The only problem with this card is the inability to transfer to an unsecured account.
Discover it Secured credit card
If you need to get back on your feet following a bankruptcy chapter 13, the Discover it Secured Card is for you. You don't need to pay an annual charge and you can get rewards for each use of your card. This secured credit card does not charge foreign transaction fees or late fees. You will also be able to access your FICO score for free, which can help you improve credit scores.
While secured credit cards typically have a higher rate of interest, they can be useful tools to help you learn good credit card habits. The Discover it Secured credit cards can help you get your credit back on track after chapter 13. You'll earn double cashback for all purchases in the first year.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Secured Crt Card after chapter 13 is an option if it's been a while since you filed for chapter 13, or if your past credit history shows no sign of recovery. This credit card doesn't have an annual fee, and it can grow with you. There will be a minimum $49 security deposit. You can also pay the balance in monthly installments for a total of $39. Once your card is approved, you can start rebuilding credit. Once your security deposit is paid, the company will extend your credit limit to $1,000.
This card is a great option for those who want to rebuild their credit history. It requires an initial deposit of $49, $99, or $200, but you can pay it off in thirty-five days in installments of $20. It does not offer rewards, nor does it have a large credit limit. However, there are some benefits such no foreign transaction fee. You also get Mastercard ID theft protection and fraud protection.