You have very few credit card options once you file for bankruptcy. If you're not yet fully rehabilitated, you may consider a secured credit card, which will require a cash deposit. These credit card are designed to help rebuild creditworthiness. Post-bankruptcy credit cards can be obtained to help you rebuild your creditworthiness and score.
Capital One Platinum Secured
Capital One offers credit cards with low security deposits. Depending upon your credit score, the amount of the security deposit you pay is typically between $49 and $200. The same amount will increase your spending limit. You can apply even if you're bankrupt, as long as they're willing and able to pay the security fee.
Capital One Platinum Secured credit cards are available to 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. If this sounds too difficult, you can use a creditcard without a bank account like the Green Dot Visa (r) Secured. You can use these credit cards to deposit cash in participating stores. These cards can also be used to free up 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 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.
You should make timely payments as you rebuild your credit. Also, ensure that you are responsible about your purchases. Because secured credit cards offer smaller credit lines, it is a good idea to start with small purchases each month. This will help to establish a payment history that is stable and prove lenders that you do not depend on credit.
OpenSky Secured Visa
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. Once the money has been received, OpenSky will mail you your card. It could take up to three weeks for you to receive your card.
One of the greatest benefits of the OpenSky Secured Visa for bankrupt credit card is that there is no credit check or checking account required to apply. A $200 to $3,000 non-refundable deposit is required to get approval. The deposit will serve as 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. Credit One Bank offers a Platinum Visa that allows you to earn 1 percent cash back on every day purchases. It is important that you are aware of the card's terms and fees. Unexpected fees or rates are not uncommon, so you should only apply if you have been prequalified.
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 offers a low interest rate with no foreign transaction fees. Credit Protection Program protects your credit score while you are rebuilding.