Credit card options for those who have filed bankruptcy are severely limited. If you're not yet fully rehabilitated, you may consider a secured credit card, which will require a cash deposit. These credit cards will help you rebuild your creditworthiness. A post-bankruptcy creditcard can be applied for to help improve your credit rating.
Capital One Platinum Secured
Capital One offers credit cards with low security deposits. Depending on your credit score, the deposit can be anywhere from $49 to $200. It increases your spending limit by the equivalent amount. You can apply even if you're bankrupt, as long as they're willing and able to pay the security fee.
Applicants with a low credit score can apply for the Capital One Platinum Secured credit card. Applicants must have a checking account or savings account in order to avoid being denied. 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 these cards to get free checks.
Get it Secured
Consider a Discover it Secured card credit card if your goal is to rebuild your credit score after bankruptcy. It offers many benefits, including a low annual fee. There are no late or foreign transaction fees. You also have free access to your FICO Score.
Start rebuilding your credit by making timely payments and practicing responsible purchasing habits. Because secured credit cards offer smaller credit lines, it is a good idea to start with small purchases each month. This will help you build a stable payment history and show lenders that you are not relying on credit.
Secured Visa OpenSky
OpenSky Secured Visa is a great choice for people with poor credit. 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 can take up to three working days before you get your card.
OpenSky Secured Visa is a bankrupt credit card that does not require a credit check. For approval, you will only need a $200-$3,000 refundable deposit. The deposit will be used to limit your credit. You can still get approved for the card if you meet all these requirements, even though you may have low credit scores.
Capital One Platinum Visa to Rebuild Credit
For people with poor credit, a credit card that pays cash back is a great option. 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. Expected fees and rates can be common. If you're prequalified, you should only apply to the card.
If you have had a bankruptcy in the past, you can still apply for a credit card with Capital One. The Platinum Visa for Rebuilding Credit comes with a low-interest rate and no foreign transaction charge. Credit Protection Program protects your credit score while you are rebuilding.