Chip Lupo, Credit Card Writer
@CLoop
It’s unlikely that you’ll get approved for the Amazon Credit Card after bankruptcy, since it requires good credit or better to qualify. You’ll need to focus on rebuilding your credit with another credit card before you apply for this card.
Things to Know About Credit Cards After Bankruptcy
You should wait until your bankruptcy is discharged to apply for credit.
Card issuers generally do not approve applicants with unresolved bankruptcies on their credit reports. Your odds of approval will be far better if you wait until after your discharge. For the best results, consider waiting a few months to a year after discharge before attempting to get a new credit card.
Your options will be limited.
A bankruptcy on your credit report is likely to tank your credit score and limit your choices for credit cards in the future. Bankruptcies stay on your credit report for 7 to 10 years, but this won’t prevent you from getting approved for a credit card the entire time.
Card issuers don’t like getting burned twice.
It’s unlikely that any card issuers named as debtors in your bankruptcy case will approve you for a new credit card immediately after your bankruptcy. It’s a good idea to start with a credit card from an issuer that was not named in your bankruptcy, and wait several years to approach issuers that were named.
Bankruptcy discharge timelines depend on which chapter you file.
Chapter 7 bankruptcy takes 4 to 6 months after filing to be discharged, and could take longer. If you filed Chapter 13, you’ll need the approval of your trustee if you want to apply for a credit card during your payment plan, and payment plans in Chapter 13 typically last for 3 to 5 years.
For a card that can help you rebuild your credit, you can also check out our editors’ latest picks for the best bankruptcy credit cards to weigh your options.
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People also ask
What bank issues the Amazon Credit Card?
The Amazon Credit Card is issued by Chase. Aside from the Amazon Credit Card, other Chase credit cards include the Southwest Rapid Rewards® Plus Credit Card, The World of Hyatt Credit Card, and Marriott Bonvoy Bold® Credit Card.
The Amazon Credit Card is intended for applicants with good credit. Its key features are 1 - 5 points per $1 spent, an initial bonus of $50 Amazon gift card upon approval ($150 for Prime members), and travel benefits. The annual fee is $0.
The Amazon Credit Card has a WalletHub editor’s rating of 4.3/5. If you want to learn more about this card, you can read our full Amazon Credit Card review.
read full answer by Sarah Bilkins, WalletHub Credit Card AnalystHow do I get a credit card after bankruptcy?
A secured credit card is relatively easy to get approved for, no matter how bad your credit is, because you’re required to place a refundable security deposit, the amount of which serves as your spending limit.
The Capital One Platinum Secured (see details, rates & fees) Card is your best option to consider, as it does not charge an annual fee and has the potential to be “partially-secured.” That means your spending limit could be higher than the amount of your refundable...
read full answer by Syd Jones, WalletHub Credit Card AnalystDid we answer your question?
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