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Member
heyyou12
Posts: 20
Registered: ‎03-23-2011
0

getting approved for a very good credit card

[ Edited ]

I have a question for you all I have a discharged the bankruptcy from over six year ago and have recently paid off all my credit cards with high balances down to zero 

capitalone 0/750

capitalone 0/1500

sears solution mastercard 0/570

merrick bank 0/1000

creditone bank 0/400

bestbuy 0/1800

hhgregg 0 /2000 

 

 

Certain credit cards that have recently been paid off have not yet reported but my last fico was like 680 however with paying everything with high balces off like i did the fico will be over 700 

 

 

My question is can i get approved for more main stream crediit cards like discovery and american express even with my bankruptcy  

 

Wondering what info and the help you can all give and what card you recommend  ..............................

Community Leader
Valued Contributor
starry1
Posts: 2,201
Registered: ‎11-29-2012
0

Re: getting approved for a very good credit card

Probably not until your bk is 7-8 years old.  Barclays is bk-friendly.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 7/30/14 TU 611; EQ 650; EX 640
Goal Score:  625 for now– New goal 675

Cap1 sec $1k (SD) / Fingerhut $1.3k / nRewards $3.5k / cashRewards $5k / NavChek $2.5k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $500 / Target $400 / PPSC $800 / Texaco $400 (last app 09/29/14)
Member
heyyou12
Posts: 20
Registered: ‎03-23-2011
0

Re: getting approved for a very good credit card

 

Hey and thanks for the response, so no matter how good my recent credit is when applying for companies like american express if i have a six year old the bankruptcy they will be auto declining me ??

Contributor
Bobert22
Posts: 236
Registered: ‎01-20-2013
0

Re: getting approved for a very good credit card

[ Edited ]

heyyou12 wrote:

 

Hey and thanks for the response, so no matter how good my recent credit is when applying for companies like american express if i have a six year old the bankruptcy they will be auto declining me ??


American Express might be a touch cookie to crack, especially since your BK is not at least 7 years old. Once it hits the 7 year mark then you should have a very good chance of being approved for AMEX. 

 

to build your credit, I would try Chase Bank as that is one of the well-known prime lenders. 

 

How many inquiries do you have on each of the three credit beaureas in the past 12 months?

 

I would apply for the Chase Freedom. If you get denied, call the back door number for Chase recon (sticky on the main forums credit card board). Chase should be able to get you approved. Good luck! 

Capital One 2006--$5,000 ||| AMEX Macy's 2008--$2,300 ||| Kohl's 2009-- $1,000 ||| JCP 2010-- $1,000 ||| Walmart Discover 2010-- $5,000 ||| Sears 2011 -- $3,600 ||| Sears 2011 -- $3,500 ||| Chase Freedom 2012--$7,500 ||| Discover IT 2013 -- $4,000
||| Chase Sapphire Preferred 2013 -- $10,000

SCORES: EQ FICO: 787, EX FAKO: 801, TU FICO: 790 (Lender Pull)
Member
smtclirim
Posts: 64
Registered: ‎02-23-2013
0

Re: getting approved for a very good credit card

try walmart

Starting Score: 06/03/2011 TU 625 EQ 612
Current Score (myFico ): February 2013 TU 720 EQ 720 EX 734
Wallet: Lowes15k, Paypal Mastercard 14k, WalmartDiscover 14k, Samsclub Discover 14k, Citi Forward 8.5k, PenFed Visa 6.5k
Challenge: App Free since 02/10/13. Next apps July 2013




Contributor
Bobert22
Posts: 236
Registered: ‎01-20-2013
0

Re: getting approved for a very good credit card

also wait until your credit cards have reported your paid balances. It's always good to have total utilization under 9%. 

Capital One 2006--$5,000 ||| AMEX Macy's 2008--$2,300 ||| Kohl's 2009-- $1,000 ||| JCP 2010-- $1,000 ||| Walmart Discover 2010-- $5,000 ||| Sears 2011 -- $3,600 ||| Sears 2011 -- $3,500 ||| Chase Freedom 2012--$7,500 ||| Discover IT 2013 -- $4,000
||| Chase Sapphire Preferred 2013 -- $10,000

SCORES: EQ FICO: 787, EX FAKO: 801, TU FICO: 790 (Lender Pull)
Frequent Contributor
RSCo
Posts: 472
Registered: ‎02-11-2013
0

Re: getting approved for a very good credit card


heyyou12 wrote:

I have a question for you all I have a discharged the bankruptcy from over six year ago and have recently paid off all my credit cards with high balances down to zero 

capitalone 0/750

capitalone 0/1500

sears solution mastercard 0/570

merrick bank 0/1000

creditone bank 0/400

bestbuy 0/1800

hhgregg 0 /2000 

 

 

Certain credit cards that have recently been paid off have not yet reported but my last fico was like 680 however with paying everything with high balces off like i did the fico will be over 700 

 

 

My question is can i get approved for more main stream crediit cards like discovery and american express even with my bankruptcy  

 

Wondering what info and the help you can all give and what card you recommend  ..............................


congratulations on making it thru a very difficult period I'm sure... 

 

Citi Hilton Honors: $25,000 -- Amex PRG: $NPSL -- Citi TY Premier World: $9,880 -- NWFCU: $7,500 -- Citi Home Depot: $7,000 -- Citi AAdvantage Platinum Visa Sig: $5,000 -- Visa Black Card: $5,000 -- Discover IT: $5,000 -- AmexTrueEarnings: $5,000 -- Amex Gold Delta: $4,500 -- Pottery Barn: $4,000 -- Ethan AllenGE: $4000 -- Chase Slate: $2,500 -- CapOne Platinum: $2,500 -- CapOne Platinum: $2,500 -- AmazonGE: $2,200 -- Barclays BJs: $1,800 -- WalmartGE: $1,500 -- PenFed LOC: $500
Valued Contributor
Burned2manybridgesB4
Posts: 2,158
Registered: ‎03-15-2012
0

Re: getting approved for a very good credit card

[ Edited ]
Member
heyyou12
Posts: 20
Registered: ‎03-23-2011
0

Re: getting approved for a very good credit card

 

Thanks so very much to alll that have responded with all the feedback and help

 

Oh and I currently have 1 inquiries over the past year

 

And yeah i was planning on canceling that creditone as well an thanks for that link letting me know it is good to do so

 

Also with all the available balances at zero is it good to keep them at zero or better to have a bit of a balance as long as it does not exceed 10% available credit  

 

And also i have no late payment what so ever on my credit so that is good as well

 

So you are thinking base on my credit i am having a awesome chance at getting a freedom card then ??

 

Once more thanks sooo very much too all that commented here

Established Contributor
aussiesareforever
Posts: 741
Registered: ‎10-04-2010
0

Re: getting approved for a very good credit card


Bobert22 wrote:

heyyou12 wrote:

 

Hey and thanks for the response, so no matter how good my recent credit is when applying for companies like american express if i have a six year old the bankruptcy they will be auto declining me ??


American Express might be a touch cookie to crack, especially since your BK is not at least 7 years old. Once it hits the 7 year mark then you should have a very good chance of being approved for AMEX. 

 

to build your credit, I would try Chase Bank as that is one of the well-known prime lenders. 

 

for Chase recon (sticky on the main forums credit card board). Chase should be able to get you approved. Good luck! 


I would call that very optimistic. Your chances for getting approved for an AMEX definitely goes up over time but there are LOTS of people on these forum who have been denied with a >8 year old BK. AMEX prefers no BK but will sometimes approve with a BK reporting

 

As with everything, YMMV.

BK in 2008, after making very stupid financial decisions.

Barclay's Apple Financing Card ($6400) --- Capital One Quicksilver ($10,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)

FICO Scores: TU 735 EQ 709 EX 740 (Feb 2013, all pulled by lender)


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