Explore different credit card offers from Chase. Chase offers cash back credit cards, rewards credit cards, travel credit cards and business credit cards. Apply for a Chase credit card now. The major reason many prefer unsecured credit cards to secured cards is, really, the major difference between the two: the deposit. A secured credit card is secured by the deposit you put down, and, in most cases, that deposit will set your credit limit. An unsecured card requires no deposit but may have more stringent requirements. OMG!!! i'm so happy right now i just got approve for Discover More credit card 5% cash back limit $ and Chase United Mileage Plus Explorer credit card limit $ waiting for Citi AA advantage card approval, credit analyst mailed something for verification. I did a mini app this week to see if i could get approve with bankruptcy on my file.
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If you can afford it, try to get as high of a credit limit as possible. Spending and repaying large amounts on your credit line will raise your creditworthiness much faster.
Pay on time. APR rates are going to be higher for cardholders with low credit scores, so pay on time and don't get stuck with high fees. Monitor your credit score.
Keeping a close eye on your credit score will help you repair your score, faster. There are two primary types of credit cards: unsecured and secured. This deposit acts as your line of credit. This deposit is refundable if you pay it off or you close the card. These cards typically come with more benefits, less interest and help you earn good credit faster. Then, as you start to improve your score, you can work your way up to an unsecured credit card.
Bankruptcy friendly credit cards with low annual rates and cash back offers will help you not only rebuild your credit score, but save money in the process. Discover it Secured Credit Card. One of the best perks about this bankruptcy friendly credit card is that if you improve your credit score enough over the course of using it, Discover will automatically perform monthly checks on your spending habits.
If you meet their requirements, they'll automatically refund your deposit without the need to close the card. Capital One Secured Mastercard. This card is a great entry point when rebuilding your score. After five months of timely payments, users will have the ability to qualify for higher monthly amounts. So, the deposit is the only amount you'll end up paying to use this card. It should be noted, however, that Capital One will not approve users for this card if your bankruptcy is marked as unresolved.
So before applying for this card be sure that your bankruptcy filing is completely discharged. This card also comes with a fairly high APR, so ensure that your payments are always on time. Capital One doesn't offer any rewards for this card, so its sole purpose is to help users rebuild their credit with a low deposit amount.
Wells Fargo Secured Card. Anyone can benefit from the high credit limits this card can offer. Like most secured bankruptcy friendly credit cards, the Wells Fargo card comes with the possibility of a deposit refund following timely monthly payments. The OpenSky Secured credit card is another high limit option for those wanting to avoid a credit check.
No credit check is great for two reasons in particular: no damage to your credit score, and no worries about being approved. When a lender runs a check on your credit score, it usually results in a small dent on the borrower's credit score. For most users, this isn't a problem, but when rebuilding your score, every point counts. A Chapter 7 bankruptcy filing will stay on your credit report for up to ten years.
Because your debts are discharged , however, they'll be removed from your credit score after only seven years. The more time passes, the less of an effect your bankruptcy will have on your credit. Bankruptcy friendly credit cards will help improve your credit score and increase your credibility with potential lenders, allowing you to resume normal financial routines.
Well, yes and no. This is an automatic denial. Also I have NEVER, had a creditor call me at home to review my denied application or give it a second review, and then approve it over the phone and ask me if thats enough credit or do you need more, I mean come-on. I have also never seen a credit score in the 's with a BK on it.
If you were able to achieve these things I think that is wonderful. Skip Navigation. Forum Topics. Sign In Help. Turn on suggestions. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Showing results for. Search instead for. Did you mean:. Bankruptcy friendly credit cards. All forum topics Previous Topic Next Topic. Re: Bankruptcy friendly credit cards. Since my last post, I've paid everything off except the Cap 1 with the balance transfer.
Message 31 of Moderator Emeritus. Hampton08 wrote: Since my last post, I've paid everything off except the Cap 1 with the balance transfer. Just puttin' syrup on something, don't make it pancakes. Message 32 of New Member. Message 33 of Established Contributor.
Other than being out of the country, it's my favorite card thus far. For legal advice please consult an attorney. Last CR pull from a lender housing was mid-score Message 34 of Message 35 of Message 36 of Valued Member. I was approved for a Citibank card in November