Credit Card suggestions 8 years post bankruptcy

[DaveInAZ]

Well, congrats on a weel done rebuild after BK. My BK7 was discharged Jan. 2011 and my rebuild really took off after finding MyFico.

Before going into CCs: "June 2018 got a Capital One car loan at a high interest rate". How high an interest rate? It shouldn't have been unreasonably high 7 years post discharge and your low debt. Cap One can be good for car loans with less than perfect credit, but can be high on interest rates. I bought a car in Sept. 2017 and Cap One offered me around 8%, I got 2.99% for 65 months from DCU (Digital Credit Union). With your credit scores you should be able to get under 4% from DCU, so you might look into refinancing and save a bunch of interest.

Now, CCs: "BoA Cash Rewards denied March 2019" - Have you called in for reconsideration? BoA is pretty much an automatic denial with a BK on your credit report, but they are reasonable if you call in & explain things. Try 800-824-5895 and/or 800-354-0401. I included a BoA CC in my BK and opened a secured card in 2015 with the minimum $300, today it's a Cash Rewards w/$5k CL and last year I got a Travel Rewards CC w/$5k CL.

Your Cap One QS One is likely "bucketed" as a starter card, meaning little or no change for CLIs, no annual fee, etc. Try their pre-qual page (google Capital One pre-qualification) and see what they show for you. With your scores you'll likely qualify for a Quicksilver, Venture or Savor One with decent CL.

Chase & Citi are automatic denials with a BK on your CR. Chase will recon if you call in, but bear in mind their "5/24", denial if more than 5 new accounts in the last 24 months. Since you included Citi in BK forget them until at least the BK falls off.

Good luck!

[mikesonthemend]

Thanks, @Duke.

Just upgraded my Platinum to QS via your link.

You rock!

[DoogieBall]

CapOne offered 7.3 and was the only one that approved me out of seven inquiries.  I was planning on refinancing once I had 12 months of payments under my belt.  I'll start looking into DCU and other finance in a few months.

I called the BoA recon line and was still denied.  I have to admit that the CSR was very nice.

I have no problem waiting until the Amex reaches a year old to start applying for new cards.  I'll regularly check the pre-quals to see if anything peaks my interest.

[DoogieBall]

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@HeavenOhio wrote:

In your case, you'd want to take any offer that's available just to lose the fee. If you have an offer for the VentureOne and would prefer a Quicksilver, take the VentureOne offer rather than waiting it out for something "better." Once you've escaped the fee, offers to PC to other no-fee cards should appear down the road. There'll be no offers at all for at least six months, but sometime after that, they should start to appear.

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I didn't even think of changing to a no-AF card.  I'll keep plugging away at the pre-qual page every so often.  Thanks

[Duke_Nukem]

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@mikesonthemend wrote:

Thanks, @Duke.

Just upgraded my Platinum to QS via your link.

You rock!

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You're welcome!  I can't claim to be the one originally finding that link, as its floated around here the past couple of months that I've found this wonderful site.  But I keep clicking it to see if they will ever offer that Savor card as a PC!  Glad it worked for you!