The best credit cards after bankruptcy are those that don't have high annual fees and offer rewards. For example, the Discover it(r), Secured Credit Card is one such card. This card has no annual fee, foreign transaction fees or late fees, and also provides free access to your FICO score.
OpenSky Secured Visa Card(r)
OpenSky Secured Visar(r) credit cards are great options for anyone who has recently filed bankruptcy. This card allows for you to make your payments on time and lets you set a credit limit. It also charges a much lower annual fee than other secured credit accounts. OpenSky comes with the same benefits as a Visa card but is a secured card from Capital Bank.
Another great feature of the OpenSky Secured Visa is that it does not run a credit check. The amount that you deposit into the card's account will determine your credit limit. You can also increase it at any time. The annual fee for this card will be $35. The only problem with this card is the inability to transfer to an unsecured account.
Discover it Secured Credit Cards
The Discover it secured credit card is the right option for you if you are looking to get your life back on track after bankruptcy. There is no annual fee and you will earn rewards each time you use the card. Plus, this secured credit card offers no late fees or foreign transaction fees. This card will allow you to access your FICO score free of charge, which will help with credit improvement.
Secured credit cards usually have a higher interest rates, but can be used to teach credit card skills. The Discover it Secured credit cards can help you get your credit back on track after chapter 13. You'll earn double cashback for all purchases in the first year.
Capital One Platinum Secured credit card
A Capital One Platinum Secured credit card after chapter thirteen is a good choice if you have just filed chapter 13 or have poor credit. The card does not have an annual fee and can be repaid as you wish. A minimum $49 security deposit is required. However, you can make payments in increments of $35 per month. Once your card is approved, you can start rebuilding credit. After your security deposit has been paid, the company will increase your credit limit by $1,000.
This card is ideal for those looking to build their credit history. The initial deposit is $49, $99 or $200. However, you can pay the balance in twenty-five days with $20 installments. 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.