You have very few credit card options once you file for bankruptcy. You might consider a secured credit line if you have not been fully rehabilitated. These credit cards can help you rebuild creditworthiness and improve your score. A post-bankruptcy creditcard can be applied for to help improve your credit rating.
Capital One Platinum Secured
Capital One offers a card with a very low security deposit. Depending on your credit score, the deposit can be anywhere from $49 to $200. The same amount will increase your spending limit. This credit card is available to anyone, even bankrupts, provided that they are willing to pay the security deposits.
Capital One Platinum Secured credit cards are available to 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 difficult, an alternative is to apply for a credit without a banking account, such 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.
It's Secure!
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. Its features and rewards make it a good choice, and there is no annual fee. There are no late payment fees and foreign transactions fees. 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. Since secured credit cards have smaller credit lines, you should start with small purchases every month. This will help you establish a steady payment history and show lenders you don't depend on credit.
Secured Visa from 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. OpenSky mails you your card once they have received the money. It may take up two to three business days for you the card.
OpenSky Secured Visa For Bankrupt Credit Card is one of the most attractive options. There are no credit checks or checking accounts required. To be approved, you will need to deposit $200-$3,000. This deposit will be your credit limit. The card will be approved as long as you meet the requirements, even if it has a low credit rating.
Rebuilding Credit with Capital One Platinum Visa
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 It is important that you are aware of the card's terms and fees. It is common for unexpected fees and rates to occur, so only apply for the card when you are prequalified.
If you have had a bankruptcy in the past, you can still apply for a credit card with Capital One. They offer a Platinum Visa for Rebuilding Credit with a low rate of interest and no foreign transaction fees. Credit Protection Program will help prevent your credit score falling while you rebuild.