USAA Credit Cards after Ch7

[Anonymous]

I'm 1 year 6 months from Ch7 discharge with 1 unsecured Capital One card I opened 1 year ago. 

I am a USAA member and didn't have any lines of credit with them before the BK.

My credit score is currently around 715- TU, 725- EQ, 670-EX

I'd like to open an unsecured USAA rewards card. I've seen a few older posts about USAA not being kind to those with bankruptcies. Is it worth trying for? I'm not one to have a bunch of cards and inquiries.  

[pizza1]

My understanding is that they won't consider until 6-7 years post DC. My BK7 was DC 08/2013, and I was approved for unsecured CC 01/2019. They were also burned in my BK as well. I had tried many times previously starting at the two year post BK mark, and never approved.

They no longer offer the secured CC. I would send an email to their credit department, and ask their policy on approving with BK on file with someone who didn't burn them.

When I tried, I was told 7 years regardless of burn or not. Every time I applied, a big red box came up saying "you have a bankruptcy!!!". LOL..

[MoBra]

Hi @pizza1 

Which cards and credit unions have you found that are bankruptcy friendly?  I burned Navy and PenFed so I'm looking for alternatives.

[kr43002]

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@MoBra wrote:

Hi @pizza1 

Which cards and credit unions have you found that are bankruptcy friendly?  I burned Navy and PenFed so I'm looking for alternatives.

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Reach out to your local credit union, and start a relationship with them. Capital One is also a very forgiving bank aswell. 

Discover is also a BK friendly place aswell.

It all depends on who you burned and who you didn't

You may want to consider opening a secured card as they are often easier to open; US Bank has a great Secured card offering with their Altitude and the Cash+

[pizza1]

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@MoBra wrote:

Hi @pizza1 

Which cards and credit unions have you found that are bankruptcy friendly?  I burned Navy and PenFed so I'm looking for alternatives.

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@MoBra ,  For CU's I have Navy, PF, BECU, Alliant ( got in with all of them after DC), I didn't burn any of them in my BK.  For CC's, I have or have had just about every lender, even lenders I burned in my BK.  Im a little over 8yrs post DC, so Ive done a lot of rebuilding.   Who all did you burn in your BK?

[Anonymous]

For me I had BofA, Sears Citi, and Discover. The only one that had a balance on it was the Discover which my ex-husband was using. The other two show discharged in bankruptcy even though they had no balance which irritates me to no end. 

I received a pre-approval from Capital One fairly soon after the discharge and got a $1000 limit. They have pre-approved me for their rewards card, but I'd prefer to get the USAA AMEX card if I could.  Thank you @pizza1 

[MoBra]

@pizza1 Congrats on your rebuild, I want to get there!!!

My goodness that list is long :

Navy Federal *3

Pen Fed *2

Capital One *3

American Express *2

Barclays *3

Bank of America

Discover

Honda

Comenity *5

Synchrony *4

I'm sure I'm missing a few

I just got in NASA, First Tech, SECU and waiting on Alliant's response.