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goal credit cards to have?

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amclaughlin42
Regular Contributor

goal credit cards to have?

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


Cards: CreditOne AMEX - $600, Cap1 QS - $500, Avant-$300, Cap1 WM Store - $300
GOAL - Chase FU - Goal Score 725
07/2021 - Experian 675 Equifax 673 Transunion 688
07/2019 - Experian 623 - Equifax 628 - Transunion 622
04/2019 - Experian 597 - Equifax 610 - Transunion 619
01/2017 - Experian 479 - Equifax 457 - Transunion 461
04/2017 - Experian 502 - Equifax 473 - Transunion 476
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1 REPLY 1
Brian_Earl_Spilner
Credit Mentor

Re: goal credit cards to have?

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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