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Good Credit Cards for Bad Credit after discharge

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Anonymous
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Good Credit Cards for Bad Credit after discharge

What are some good credit cards to apply for after receiving a chapter 7 discharge? I applied and was approved by cap 1 for $300 unsecured. Thanks in advance for the help. Also my scores are all low 500s (FICO).

Message 1 of 4
3 REPLIES 3
Luscher
Valued Contributor

Re: Good Credit Cards for Bad Credit after discharge

You could try for Merrick although I think they might be invite only.
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 2 of 4
Dw4250
Valued Contributor

Re: Good Credit Cards for Bad Credit after discharge

Maybe a store card? Or a secured card that will unsecure after a year of good use (Wells Fargo, BOA, US Bank).

I would avoid first premier/credit one type cards unless that's all you can qualify for...

You only need 2-3 cards to rebuild. Use them well and your scores will steadily rise.
Message 3 of 4
b_diddy
Established Contributor

Re: Good Credit Cards for Bad Credit after discharge

+1

You don't say how long since your BK was discharged but 1 year + seems to be where things start to open up quite a bit.

FICO Scores: EX 733 (1/17/15) EQ 761 (1/17/15) TU 750 (1/17/15)
     
      
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