After filing for bankruptcy, your credit card options are very limited. You might consider a secured credit line if you have not been fully rehabilitated. These credit cards are designed to help you rebuild your creditworthiness and score. A post-bankruptcy creditcard can be applied for to help improve your credit rating.
Capital One Platinum Secured
Capital One offers a credit line with a 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. 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. Applicants should have a checking or savings account to avoid rejection. In addition, applicants must prove that they have income to cover monthly expenses. This may sound like a hardship. Another option is to get a credit card with no bank account such as the Green Dot Visa Secured card. You can use these credit cards to deposit cash in participating stores. You can also use these cards to get free checks.
Discover it Secured
You should look into a credit card like Discover it Secured if you want to rebuild your credit following bankruptcy. It offers many benefits, including a low annual fee. There are no late or foreign transaction fees. This card also gives you free access your FICO score.
Rebuilding your credit means that you make timely payments and adopt 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 allow you to build a solid payment history and demonstrate that you don't rely on credit.
Secured Visa OpenSky
OpenSky Secured Visa bankrupt credit card for those with poor credit is an excellent option. You can apply for the card via Western Union or a debit card. However, you will be required to pay a $200-$3,000 security fee to get the card started. Once the money has been received, OpenSky will mail you your card. It may take two to three 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. You will also only need to make a $200 to $3,000 refundable deposit to be approved. The deposit will act 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 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 However, it is important to be aware of the card's conditions and fees. Expected fees and rates can be common. If you're prequalified, you should only apply to the card.
Capital One offers credit cards to people who have been through bankruptcy. 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.