Maria Adams, Credit Cards Moderator
@m_adams
Yes, it is possible to get a Capital One credit card after defaulting on one. However, Capital One will likely deny your application for a credit card if you have a non-discharged bankruptcy on your credit report. Having a past-due or recently charged-off Capital One credit card account, or a Capital One card with a balance above your credit limit could also lead to a denied application.
After defaulting on a Capital One credit card, you should probably aim at cards geared for people with bad credit. A very good option is the Capital One Quicksilver Secured Cash Rewards Credit Card. This card offers 1.5 - 5% cash back on purchases and has a $0 annual fee.
Capital One Credit Cards You May Get After Defaulting on One
- Rates & Fees Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More
(see details, rates & fees)
Rewards: 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, and 1.5% cash back on all other purchases
Minimum deposit: $200
Annual fee: $0
Credit requirement: Accepts people with bad credit
- Rates & Fees Partially Secured: Capital One Platinum Secured Credit CardLearn MoreLearn Moreon issuer's website
- Rates & Fees Partially Secured: Capital One Platinum Secured Credit CardLearn MoreLearn Moreon issuer's website
- Partially Secured: Capital One Platinum Secured Credit CardLearn MoreLearn More
- Partially Secured:
(see details, rates & fees)
Minimum deposit: $49, $99 or $200
Annual fee: $0
Credit requirement: Accepts people with bad credit
If you’re not tied to Capital One as an issuer, you could also take a look at our editors’ latest picks for the best bankruptcy credit cards on the market. Feel free check out WalletHub’s picks for the best second chance credit cards, too, to weigh your options.
People also ask
Can you get a Capital One credit card after Chapter 7 bankruptcy?
Yes, you can get a Capital One credit card after Chapter 7 bankruptcy. A good option is the Capital One Platinum Secured Credit Card (see details, rates & fees), thanks to its $0 annual fee and the potential for a credit limit higher than your deposit.
Most importantly, having a Chapter 7 bankruptcy on your credit report doesn’t make you ineligible. The only stipulation is that your bankruptcy case must be resolved by the time you apply for the Capital One Platinum Secured (see details, rates & fees) Card. Applicants must also be at least...
read full answer by Bogdan Roberts, Credit Cards ModeratorWhat are the best second chance credit cards from Capital One?
Capital One’s best second chance credit cards are the Capital One Quicksilver Secured Cash Rewards Credit Card (see details, rates & fees) and the Capital One Platinum Secured Credit Card (see details, rates & fees). Both cards are available to people with bad credit and have a $0 annual fee.
Capital One Quicksilver Secured (see details, rates & fees) and Capital One Platinum Secured (see details, rates & fees) each require a refundable security deposit, making them easier to get than unsecured credit cards for bad credit, and both report your account activity to the three major credit bureaus every month.
Capital One Second Chance Credit Cards
- Details, Rates & Fees Rewards:
- Details, Rates & Fees Rewards:
- Rewards:
(see details, rates & fees)
Rewards: 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, and 1.5% cash back on all other purchases
Minimum Deposit...
read full answer by Chip Lupo, Credit Card WriterWhat is the best Capital One credit card to build credit?
One of the best Capital One credit cards to build credit with is the Capital One Platinum Credit Card (see details, rates & fees) because it is available to people with limited credit and has a $0 annual fee. Capital One Platinum (see details, rates & fees) also reports to the three major credit bureaus monthly, just like all other Capital One credit cards. The only real downside is that Capital One Platinum (see details, rates & fees) does not offer rewards (see details, rates & fees).
Best Capital One Credit Cards to Build Credit With
Initial Bonus: N/A
Ongoing Rewards: 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, as well as 1.5% cash back on all other purchases
Annual Fee: $39
Credit Score: Limited History
Initial Bonus: N/A
Ongoing Rewards: 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, and 1.5% cash back on all other purchases
Annual Fee: $0
Credit Score: Bad
Initial Bonus: N/A
Ongoing Rewards: N/A
Annual Fee: $0
Credit Score: Bad
Initial Bonus: $50 for spending $100 in the first 3 months
Ongoing Rewards: 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel, 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, along with 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases)
Annual Fee: $0
Credit Score: Limited History
Keep in mind that in order...
read full answer by Rodney Bennett, WalletHub AnalystDid we answer your question?
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