Your credit card options after bankruptcy are limited. A secured credit card will be available if you aren't fully rehabilitated. It will require a cash deposit. These credit card are designed to help rebuild creditworthiness. A post-bankruptcy creditcard can be applied for to help improve your credit rating.
Capital One Platinum Secured
Capital One offers a credit line with a low security deposit. Depending on your credit score and other factors, the deposit usually ranges between $49- $200. It also boosts your spending limit by the same amount. Even bankrupts can apply for this credit card, assuming they're willing to pay the security deposit.
Capital One Platinum Security credit card can be applied for by applicants with a poor credit score. To avoid denial, applicants need to have a savings or checking account. The applicant must also show proof of income to cover monthly expenses. You can also use a secured credit card, like the Green Dot Visa(r), if you don't have a bank account. These credit cards are available to deposit cash at any participating store. You can also use them to make free checks.
Discover it Secured
You should look into a credit card like Discover it Secured if you want to rebuild your credit following bankruptcy. The card's benefits and rewards make it an excellent choice. There is also no annual fee. You don't have to pay late fees or foreign transaction fees with this card. Access to your FICO score is also free.
As you begin rebuilding your credit, make sure to make your payments on time and practice responsible buying habits. Securing credit cards come with smaller credit limits so it's important to start slowly and make small purchases every month. This will help build a track record of stable payments and show lenders that your income is not dependent on credit.
Secured Visa with OpenSky
OpenSky Secured Visa Bankrupt Credit Card for Bad Credit is a great option. For the card to be issued, you must pay $200 to $3,000 in security deposit. Once the money has been received, OpenSky will mail you your card. It may take two to three weeks before you receive it.
OpenSky Secured Visa Bankrupt Credit Card has the best advantage of all: There is no need to have a checking account or credit check in order to apply. You will also only need to make a $200 to $3,000 refundable deposit to be approved. The deposit will act as your credit limit. As long as you meet these requirements, the card will be approved, even if you have a low credit score.
Rebuilding Credit: Capital One Platinum Visa
A credit card that earns cash back is an excellent option for people with bad credit. You can earn one percent cashback on all your everyday purchases with the Platinum Visa from Credit One Bank You should be aware of the conditions and fees for your card. Unexpected fees and rates are common, and you should only apply for the card if you are prequalified for it.
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 protects your credit score while you are rebuilding.