You have very few credit card options once you file for bankruptcy. 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 will help you rebuild your creditworthiness. You can apply for a credit card post-bankruptcy to improve your score.
Capital One Platinum Secured
Capital One offers a credit line with a low security deposit. The deposit is usually between $49 and $200, depending on your overall credit score. It increases your spending limit by the equivalent amount. Even bankrupts can apply for this credit card, assuming they're willing to pay the security deposit.
Capital One Platinum secured credit card is available for applicants with low credit scores. To avoid a denial, applicants must first have a checking or savings account. Additionally, applicants must show that they have sufficient income to cover their monthly expenses. You can also use a secured credit card, like the Green Dot Visa(r), if you don't have a bank account. These credit cards can be used to deposit cash at participating stores. You can also use them to make 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. It offers many benefits, including a low annual fee. This card also has no fees for foreign transactions or late payments. Access to your FICO score is also free.
When you start rebuilding credit, be sure to pay your bills on time and follow responsible buying 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 you build a stable payment history and show lenders that you are not relying on credit.
Secured Visa from 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 your card once the money is received. It may take two to three weeks before you receive it.
OpenSky Secured Visa Bankrupt Credit Card has the best advantage of all: There is no need to have a checking account or credit check in order to apply. For approval, you will only need a $200-$3,000 refundable deposit. This deposit will be your credit limit. These requirements will still be met and the card will be approved even if your credit score is low.
Rebuilding Credit with Capital One Platinum Visa
A credit card that earns cash back is an excellent option for people with bad credit. A Platinum Visa from Credit One Bank allows you to earn one percent cash back on everyday purchases. Be aware of all fees and conditions. Unexpected fees and rates are common, and you should only apply for the card if you are prequalified for it.
Capital One offers credit cards to people who have been through 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.