Best secured cards after bankruptcy: rebuild credit!
If you've just filed for bankruptcy, it's time to start rebuilding your credit., So, read our list of the best secured cards for after bankruptcy!
by Victória Lourenço
Find the best secured cards for after bankruptcy and learn more about this financial option!
After you file for bankruptcy, one of the most important things you need to do is rebuild credit. Secured cards are a great way to do this. That’s why we’ve created a list of the best secured cards for after bankruptcy!
Learn all about what Chapter 7 bankruptcy is!
Are you looking for information about bankruptcy? We can help! Read on to learn what Chapter 7 bankruptcy is!
Moreover, some great options are available if you know where to look. Also, in this post, we’ll show the best cards for people who have recently filed for bankruptcy.
And we’ll provide some tips on how to use them wisely. So, read on to find out more about the best secured cards to get after bankruptcy and how they can help you get back on your feet after a difficult time.
How to deal with life after banktrupcy?
It’s natural to look forward to the day when you no longer have to think about your bankruptcy.
If you’ve fallen on hard times financially, laying a solid financial groundwork can help you get back on your feet and lessen the chances that you’ll experience the same thing again.
Moreover, declaring bankruptcy might make you feel like you’ve hit rock bottom economically.
Bankruptcy can be on your credit report for 7 to 10 years, making it more difficult to receive a mortgage or other credit in the future, despite the fact that it can wipe out your old debt.
What steps must one take to get back on one’s feet after declaring bankruptcy?
The road to financial recovery from bankruptcy is paved with obstacles like managing your cash flow, restoring your credit, and re-entering the job market.
However, it is possible to regain your financial footing. One of the main ways to do that is to apply for good secured cards after bankruptcy.
That’s why we’ll give you a list of the best ones that can accept you even after you’ve through bankruptcy! So, keep reading!
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Learn about the best secured cards after bankruptcy: 5 options!
If you’re looking for the best way to build your credit score after bankruptcy, we can help. In our list below, you’ll find the best secured cards to use after bankruptcy! Read on to be on your way to building credit!
Secured Sable ONE Credit Card
This is one of the best secured credit cards, and it can give you many incredible benefits to build credit even after going through bankruptcy! Moreover, you can get all of them for no annual fee!
Also, with this card, you’ll be able to get 2% cash back on qualifying purchases and other exclusive perks! Moreover, you can even get approved in as little as five minutes!
Also, you can even get an unsecured credit card after some time! So, check out our table below to learn more features of this great credit-building card!
|Credit Score||Low credit score.|
|Annual Fee||No annual fee.|
|Regular APR||There is a relatively low variable APR starting at 6.99%.|
|Rewards||2% unlimited cashback on eligible purchases.|
How to apply for a Sable secured credit card?
Are you looking for a credit card with great benefits for U.S. residents? Then, the Sable secured card can be for you! Keep reading to know how to apply!
First Progress Platinum Select Mastercard® Secured Credit Card
With the First Progress Platinum Select Mastercard® Secured Credit Card, you can get many perks to build your credit score as fast as possible.
Moreover, you’ll be able to get a low annual fee to get the perks, such as credit reporting to all three major credit bureaus.
However, you’ll need to make good use of your credit card to increase your score. Since it will send your monthly payment reports to the credit bureaus, you’ll need to make all your payments on time!
Also, if you want to learn more about one of the best secured cards to get after bankruptcy, read our table below!
|Credit Score||This card does not have any minimum credit score requirements.|
|Annual Fee||$39 annual fee.|
|Regular APR||16.24% variable APR (purchases).|
|Welcome Bonus||There is no welcome bonus.|
|Rewards||There is no rewards program.|
How to apply for a First Progress Platinum secured
The First Progress Platinum Elite MasterCard® Secured Credit Card can be for you! Read more to know how to apply!
OpenSky® Secured Visa® Credit Card
With the OpenSky® Secured Visa® Credit Card, you can find the best ways to reach a good or even excellent credit score after bankruptcy. It is a good secured card to rebuild credit, especially after bankruptcy.
Also, on the official website, you can find ways to get the best information about how to build your credit. Moreover, the minimum security deposit required is $200!
So, if you want to learn more about this credit-building card, check out our table below!
|Credit Score||You can apply with a low score.|
|Annual Fee||$35 annual fee.|
|Regular APR||20.39% (variable) on purchases|
20.39% (variable) on cash advances
How to apply for the OpenSky® Secured card?
The OpenSky® Secured Visa® Credit Card is a great option for people who don’t have a good credit score or a credit score at all. So, keep reading to know how to apply!
Credit One Bank® Platinum Visa® for Rebuilding Credit
With the Credit One Bank® Platinum Visa® for Rebuilding Credit, you can do more than just rebuild your credit after bankruptcy by getting one of the best secured cards available. You can even earn cashback for everyday purchases with this card.
Moreover, you can even check if you pre-qualify with no harm to your current credit score. This way, even if your score is low, you don’t have to worry about the application process having an impact on it.
Also, you can even get more perks with this credit card. You can even increase your credit line by making good use of this card.
So, check out our table below to learn more about the rewards this incredible secured card can offer you!
|Credit Score||You can qualify with a low credit score.|
|Annual Fee||$75 for the first year. After that, $99 annual fee (this fee will be $8.25 per month).|
|Regular APR||25.49% (variable APR for purchases and cash advances).|
|Rewards||Earn 1% cash back on qualifying purchases.|
Apply for the Credit One Bank® Platinum Visa
The Credit One Bank® Platinum Visa card is full of benefits, such as cash back, Visa security features, and much more. Check out how the application process works.
Capital One Quicksilver Secured Cash Rewards Credit Card
With the Capital One Quicksilver Secured Cash Rewards Credit Card, you can get some of the benefits offered by Capital One. Also, you’ll be able to build credit while earning a 1.5% cash back on all purchases.
Moreover, you can easily apply and get a chance of being accepted even with a fair credit score. Plus, you’ll be able to see if you’re pre-approved with no credit score impact!
Also, you can get all these benefits for no annual fee! So, see our table below to learn more about this secured card’s features!
|Credit Score||Fair score.|
|Annual Fee||No annual fee.|
|Regular APR||26.99% variable APR for purchases.|
|Rewards*||You can earn unlimited 1.5% cash back on all purchases you make with your card.|
Now that you know which are the best secured cards for after bankruptcy, you can start building credit and get better credit card and loan opportunities in the future!
Is it possible to get a mortgage after bankruptcy?
Going bankrupt will damage your credit score for some years. But don’t lose hope! A few years is nothing compared to your whole life. And a low credit score is not the end of your finances too.
In the following content, we’ll talk about mortgages and credit scores. Read on to see how you can get a mortgage if your credit score is not that good.
How to get a mortgage with poor credit?
Are you looking for a new home but have a poor score? If so, read our post to learn how to get a mortgage with poor credit!
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