Your credit card options after bankruptcy are limited. If you're not yet fully rehabilitated, you may consider a secured credit card, which will require a cash deposit. These credit cards are intended to rebuild your creditworthiness. To improve your credit score, you can apply to a post-bankruptcy card.
Capital One Platinum Secured
Capital One offers a card with a very low security deposit. The deposit is usually between $49 and $200, depending on your overall credit score. It also boosts your spending limit by the same amount. If they are able to pay the security deposit, even bankruptcy can apply for this card.
Capital One Platinum secured credit card is available for applicants with low credit scores. To avoid denial, applicants need to have a savings or checking account. The applicant must also show proof of income to cover 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 these cards to get free checks.
Discover it Secured
If you are trying to rebuild your credit after filing for bankruptcy, you should consider a credit card 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. Access to your FICO score is also free.
Start rebuilding your credit by making timely payments and practicing responsible purchasing 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 to establish a payment history that is stable and prove lenders that you do not depend on credit.
Secured Visa OpenSky
OpenSky Secured Visa to Bankrupt Credit Card is a great option. To get the card, you can either apply with a debit or Western Union card. However, you will need to make a $200-$3,000 security deposit to get your card approved. OpenSky will mail the card to you once the money has been received. It may take two to three weeks before you receive it.
One of the greatest benefits of the OpenSky Secured Visa for bankrupt credit card is that there is no credit check or checking account required to apply. You will also only need to make a $200 to $3,000 refundable deposit to be approved. The deposit will serve as your credit limit. As long as you meet these requirements, the card will be approved, even if you have a low credit score.
Capital One Platinum Visa to Rebuild Credit
People with bad credit are able to get a credit card that earns them cash back. Credit One Bank's Platinum Visa allows you to earn 1% cash back for everyday purchases. It is important that you are aware of the card's terms and fees. 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. They offer a Platinum Visa for Rebuilding Credit with a low rate of interest and no foreign transaction fees. The Credit Protection Program helps you avoid your credit score from falling while you are rebuilding.