What are the easiest good credit cards to get approved for after bankruptsy? Insider Monkey gives the answer in their article was published recently. Most companies won’t provide clear criteria for getting these cards, and applicants usually find out the result of their application, after the screening process ends. In addition to this, each credit company has its criteria for issuing cards to people with bad and poor credit.
Still, there are many different cards that are available to consumers, and we have taken into account several criteria to determine their availability for people, who went through Chapter 13 or Chapter 7 bankruptcy. When it comes to secured credit card deals, most companies require you to put several hundred dollars on your account. This fund is then used as a deposit in case something goes wrong.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked two of the easiest good credit cards to get approved for after bankruptsy.
The first one is Capital One Secured Master Card. It is the only secured card on the list that is being issued by the popular credit company. The card doesn’t offer too many features, but it reports your dealings to all three credit bureaus on a regular basis. Since this is a secured card, it requires you to pay the deposit. The deposit amount depends on your credit score, and it can range from $49 to $200 for the initial credit line of $200. After five regular payments, you can apply for a higher credit line, without paying an additional deposit. The second bank card should be now the Total Visa Card. This card is a standard credit card offer available to people with poor credit and therefore it found its place on our list of the easiest good credit cards to get approved for after bankruptcy. You will need to pay $89 for the card processing, but the company doesn’t charge annual fees or any other additional expenses. The initial credit line of $300 maybe sound small but it doesn’t require any deposit. This card is a regular Visa, which means that it is accepted everywhere in the United States, including the online stores.
For any further useful information, read Insider Monkey’s article about 6 easiest good credit cards to get approved for after bankruptsy.