The best credit card after bankruptcy is the one that doesn't have a high annual fee and offers rewards. One example 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 Credit Card
OpenSky Secured Visar(r) credit cards are great options for anyone who has recently filed bankruptcy. This card allows you to make timely payments and can allow you to choose a credit limit that is based on the refundable deposit. The APR and annual fees are also lower than other secured credit cards. OpenSky is a secured credit card from Capital Bank, but comes with the benefits of a Visa card.
OpenSky Secured Visa also has the great advantage of not running a credit check. Your credit limit will be determined by how much you deposit to your card account. You have the option of increasing it at any moment. This card will charge a $35 annual fee. The only downside to this card is that it won't upgrade to an unsecured account.
Discover it Secured Card Credit Card
The Discover it secured credit card is the right option for you if you are looking to get your life back on track after bankruptcy. You don't need to pay an annual charge and you can get rewards for each use of your card. The secured credit card has no foreign transaction fees and late fees. It also offers free access to your FICO score, which will help you improve your credit score.
Although secured credit cards generally carry a higher interest rate, they can be an important tool to learn proper credit card habits. A Discover It Secured credit card can help you get back on your feet after Chapter 13. This card will allow you to earn double cashback on all your first year purchases.
Capital One Platinum Secured Kreditkarte
Capital One Platinum Secured Credit Cards after chapter thirteen are a good option if you have recently filed for Chapter 13 or have a poor credit history. The credit card is free of annual fees and can grow with your needs. There will be a minimum $49 security deposit. You can also pay the balance in monthly installments for a total of $39. After approval, the card can be used to rebuild your credit. After paying the security deposit, the company will increase credit limit from $500 to $1,000.
This card is great for people who are trying to improve their credit score. It requires an initial deposit in the amount of $49 to $200. You can then pay it off over thirty-five working days by making $20 payments. Although the card doesn't offer rewards or a high credit limit it has some benefits such as no foreign transaction fees. Mastercard ID theft protection and Fraud Protection are included.