topic Re: CareCredit BK friendly? in Credit Cards

CareCredit BK friendly?

Anonymous — Tue, 16 Mar 2021 02:27:03 GMT

I have my BK7 discharge in Jan 2020. I would love to apply for CareCredit but wonder if they are BK friendly. I did not burn them in BK but did burn synchrony bank with amazon store card for about 2.8k.

Anyone knows if there is a chance to get approved for CareCredit?

My current credit score is 667 TU 665 EQ and 637 EXP.

just looking to get a card with higher CL.

thanks in advance

Re: CareCredit BK friendly?

Bradac56 — Wed, 17 Mar 2021 14:41:14 GMT

CareCredit is Synchrony and they are finikey over BK's.

I wouldn't say you have no chance but if your only wanting it for the CL I would look at different cards.

Re: CareCredit BK friendly?

Anonymous — Wed, 17 Mar 2021 20:43:51 GMT

Thank you for the advice. Yes I was looking more for CL. I did get Capital one with 3K will look at PenFed, unfortunately, can't get in Navy.

Re: CareCredit BK friendly?

Horseshoez — Wed, 17 Mar 2021 20:51:01 GMT

@Anonymous wrote:
Thank you for the advice. Yes I was looking more for CL. I did get Capital one with 3K will look at PenFed, unfortunately, can't get in Navy.

I'm thinking PenFed and Discover should be your next stops in your shopping for a card.

Re: CareCredit BK friendly?

Anonymous — Thu, 18 Mar 2021 17:43:43 GMT

Wait 2 years post BK or start a checking account with them now and perhaps get in earlier. But since they changed their underwriting rules a year ago, PenFed is 2 years post BK. Some with reaffirmed car loans etc. have gotten in earlier. But once your in, they are generous with prime interest rate and good SL (for the circumstance). I just applied yesterday 2.5 years post BK and got 17.99% $6500 SL Gold Visa.

Re: CareCredit BK friendly?

Bradac56 — Thu, 18 Mar 2021 20:13:47 GMT

Pendfed is doubtful at best with a 2020 BK.

I agree with opening a checking account plus adding a DD per paycheck to the account to start a relationship with them. Two years would be the earliest I would try getting a CC from them.

A secured Discovery card should be far more doable.

Re: CareCredit BK friendly?

pip3man — Fri, 19 Mar 2021 03:33:25 GMT

@Anonymous wrote:
Wait 2 years post BK or start a checking account with them now and perhaps get in earlier. But since they changed their underwriting rules a year ago, ~~PenFed is 2 years post BK~~. Some with reaffirmed car loans etc. have gotten in earlier. But once your in, they are generous with prime interest rate and good SL (for the circumstance). I just applied yesterday 2.5 years post BK and got 17.99% $6500 SL Gold Visa.

This is false. The 2yrs post BK waiting period is not quite the rule anymore. I was approved for my first Penfed card 9 months post BK7 filing and more recently the 2nd one at 12 months. I dont reach my first anniversary post BK7 discharge until July. OP needs to have at least a 650 EQ score and should apply for the Power Cash card for best chances of approval.

Re: CareCredit BK friendly?

Anonymous — Thu, 10 Jun 2021 13:08:27 GMT

I am 11 months post BK opened a savings account with $70 in it at penfed and same day applied for credit card . They approved me for $5000 at 17.99%. Power cash rewards . I did have to send prooof of income . I also have several other cc and was very focused on my credit rebuild since day one.