What unsecured credit cards can I get after a bankruptcy?

You can get a credit card any time after bankruptcy. But you should begin exploring options such as secured credit cards as soon as the bankruptcy is discharged in order to begin rebuilding your credit. Though some secured cards won’t approve people with recent bankruptcy, many will, such as Capital One Platinum Secured Credit Card and OpenSky® Secured Visa® Credit Card.… read full answer

If you filed for Chapter 7 bankruptcy, you should be able to get a secured card as soon as your bankruptcy is discharged. If it was Chapter 13 instead, you’ll need the approval of the trustee during your payment plan.

Credit card issuers generally won’t approve you for any cards while you’re still in the bankruptcy process. But once the bankruptcy discharges, you can get a card that fits your needs.

Here’s how soon after bankruptcy you can get a credit card:

• Secured credit card: After bankruptcy discharged

These cards require a refundable security deposit, usually at least $200, which doubles as your credit limit. Because you’re putting up your own money, your approval chances are high.

The Capital One Platinum Secured’s only bankruptcy requirement is that the case must be fully discharged. Some cards, like OpenSky, don’t even check your credit report when you apply, so they’re great for post-bankruptcy credit improvement.

• Unsecured credit cards for bad credit: After bankruptcy discharged

Credit cards that don’t require a security deposit are a lot harder for people with bad credit to get than secured cards. They’re also much more expensive, both in terms of interest rates and fees.

One example is the Credit One Visa. Credit One Bank says a discharged bankruptcy won’t hurt your approval chances, but could lead to a lower credit limit and a higher annual fee.

• Authorized user: Immediately

If a friend or family member makes you an authorized user on their credit card account, that account will be added to your credit reports, and you’ll benefit if the main account holder pays the bill on time every month. If your friend or relative allows it, you will also get a card with your name on it to use for purchases.

After your bankruptcy is discharged, you may still have difficulty getting approved for a new credit card at first. Some issuers may deny your application simply because there’s a recent bankruptcy on your credit report. However, some lenders might be more lenient. That’s because of rules that restrict when you can file for a second bankruptcy, making you a low risk of filing for bankruptcy again.

In addition to finding the right credit card with which to begin rebuilding your credit, you should review your credit reports for errors and monitor your credit score moving forward. You definitely don’t want the problems that led to bankruptcy to repeat themselves.

Yes, you can get approved for Capital One VentureOne after bankruptcy as long as you meet its approval requirements. The only stipulation with regard to bankruptcy is that it must be discharged by the time you apply.

Keep in mind that the Capital One VentureOne requires a credit score of 700, at a minimum. That means applicants need good credit or better to get approved. If you don’t know where you stand, you can … read full answercheck your credit score for free, right here on WalletHub. Aside from the specifics of your credit, other factors such as your income, debts and overall ability to afford credit card payments will also be taken into consideration.

If you fall short of Capital One VentureOne’s requirements, you can consider some of the best bankruptcy credit cards and focus on rebuilding you credit after bankruptcy.

Funny I saw this post after being declined for chase freedom (recommended by wallet hub)and right after I tried for the pre approval with Amex (not recommended by wallet hub) lol and was pre approved. I moved forward and was approved online for $1700 with the delta sky miles. There is an annual fee of $250 but that's the price of getting your foot in the door after BR. I am 5yrs post BR and started out with $500 capital one about 1 year after Ch7.… read full answer

cap one $5500

cap one $2000

credit one Amex $1500

Nordstrom $2500

current score 704