Factors to Consider
- Secured credit cards: These cards require a security deposit, making them easier to obtain for individuals with a bankruptcy record.
- Subprime credit cards: Some credit card issuers specialize in offering cards to individuals with poor credit histories, including bankruptcies.
- Pre-qualification: Some issuers allow individuals to check if they pre-qualify for a card without affecting their credit score.
Credit Card Issuers
- Capital One: Known for offering secured credit cards to individuals with less-than-perfect credit.
- Discover: Offers a secured credit card with cashback rewards, even to individuals with a bankruptcy record.
- Credit One Bank: Specializes in subprime credit cards and may be more lenient towards applicants with a bankruptcy history.
- OpenSky: Does not require a credit check, making it ideal for individuals rebuilding their credit after bankruptcy.
Tips for Approval
- Rebuild credit: Demonstrating responsible credit behavior after bankruptcy can increase the likelihood of approval.
- Apply for a secured card: Secured credit cards are easier to obtain and can help rebuild credit over time.
- Check pre-qualification: Use tools provided by credit card issuers to see if you pre-qualify for a card before applying.