Credit card options for those who have filed bankruptcy are severely limited. A secured credit card may be an option if you are not fully rehabilitated. This will require you to make a cash deposit. These credit cards are intended to rebuild your creditworthiness. 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. You can also increase your spending limit by the same amount. This credit card is available to anyone, even bankrupts, provided that they are willing to pay the security deposits.
Capital One Platinum Security credit card can be applied for by applicants with a poor credit score. To avoid a denial, applicants must first have a checking or savings account. 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 can be used to deposit cash at participating stores. You can also use them to make free checks.
Get 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. It is a great choice because of its rewards and features. Also, there is no annual charge. You don't have to pay late fees or foreign transaction fees with this card. It also offers free access to your FICO score.
Rebuilding your credit means that you make timely payments and adopt responsible buying habits. Since secured credit cards have smaller credit lines, you should start with 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 bankrupt credit card for those with poor credit is an excellent 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 3 weeks before you receive it.
OpenSky Secured Visa For Bankrupt Credit Card is one of the most attractive options. There are no credit checks or checking accounts required. In addition, you will only need to provide a refundable deposit of $200 to $3,000 to receive an approval. The deposit will serve as 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: Capital One Platinum Visa
If you have bad credit, a creditcard that earns cashback is an excellent choice. 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.
Capital One will still allow you to apply for a card if you've ever been in bankruptcy. They offer a Platinum Visa for Rebuilding Credit with a low rate of interest and no foreign transaction fees. Credit Protection Program protects your credit score while you are rebuilding.