The best credit card for bankruptcy is one that doesn't charge a high annual cost and offers rewards. The Discover it(r) Secured Credit Card is an example of such a card. The card does not have an annual fee, foreign transaction fees, late fees, or a penalty. It also gives you free access to your FICO Score.
OpenSky Secured Visa Credit Card
OpenSky Secured Visar (r) credit card can be a great choice for those who have just filed bankruptcy. You can choose a credit limit based on your refundable deposit, and this card allows you to make payments on time. It also has a relatively low annual fee and APR compared to other secured credit cards. OpenSky, a secured credit card issued by Capital Bank, comes with all the benefits of a Visa Card.
OpenSky Secured Visa has another great feature: it doesn't run credit checks. Your credit limit is based on how much you deposit into your card's account. You can raise it anytime you wish. A $35 annual fee will be charged for this card. This card will not upgrade to an unseen account.
Discover it Secured credit card
If you're trying to get back on your feet after a chapter 13 bankruptcy, the Discover it Secured Credit Card is the right choice for you. You won't have to pay an annual fee and can earn rewards every time you use your card. The secured credit card has no foreign transaction fees and late fees. This card will allow you to access your FICO score free of charge, which will help with credit improvement.
Although secured credit cards generally carry a higher interest rate, they can be an important tool to learn proper credit card habits. A Discover it Secured Credit Card after chapter 13 can help get you back on track. It will give you double cashback rewards for your first year of purchases.
Capital One Platinum Secured Visa Card
Capital One Platinum Secured Credit Cards after chapter thirteen are a good option if you have recently filed for Chapter 13 or have a poor credit history. The credit card comes with a no-annual fee and allows you to grow. Although you will need to pay a $49 security deposit, it is possible to make monthly payments. Once you are approved, you will be able to use the card for rebuilding your credit. After paying the security deposit, the company will increase credit limit from $500 to $1,000.
This card is an excellent option for anyone who wants to rebuild their credit rating. It requires an initial deposit of $49, $99, or $200, but you can pay it off in thirty-five days in installments of $20. While the card does not offer any rewards or a high limit on credit, it does offer some benefits like no foreign transaction fees. The card also includes Mastercard ID theft protection, fraud protection, and emergency card services.