goal credit cards to have?

amclaughlin42 — Tue, 20 Feb 2024 15:29:16 GMT

So my wife and I are filing for bankruptcy ch 7. Im looking into what are the best cards to have so I can work my way back there. Were looking at being discharged in late May, filing this week sometime.

burned NFCU Cash Rewards in my bankruptcy for around $6500,

Chase FU for $3800

Capital One for about $2000 over 3 cards

Avant $400

Credit One Amex for $1200

Ive heard this makes anything from Navy Fed out of the question in the future.

Is chase possible again? I had discover but its been closed and paid 18 months prior to filing BK7, Ive even been struggling getting a secured card from them. I hear Capital One is very forgiving

Cards that I hear are good goal cards.

Capital One Venture X

Amex Gold - Majority of my spending is grocceries

Chase Sapphire Preferred.

These would all be goal cards, Im aiming to achieve in time. Amex is the only one of the 3 I didnt burn in my bankruptcy. My chase checking account is still open but I transfer money out of there and dont keep money in because APY is terrible on their checking and savings.

I feel like these cards would benefit me the most not the biggest fan of capital one in general so I still prefer chase, but wasnt sure if theyd be a possibility down the road

Re: goal credit cards to have?

Brian_Earl_Spilner — Tue, 20 Feb 2024 15:41:24 GMT

Chase = blacklist for 10 years. Very small possibility of getting in sooner, but they will never forget you burned them so that will cause issues.

Capital One = will be one of your first cards coming out of bk because one of the few that will give you a healthy limit

Avant = not sure how they handle being burned. I assume they'll give you another.

Credit One = probably another one of the first cards you'll get after bk.

Amex = blacklisted for 61 months after bk.

Navy = pay them back and you are free to apply for credit products again.

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goal credit cards to have?

Re: goal credit cards to have?