If I were you, I would focus more on getting cards that graduate to unsecured more so than the initial credit limit. Since, you'll essentially be paying to borrow your own money.
Discover and Capital One both have secured options. Discovers initial credit limit can be up to $2,500. And Capital One can have an initial credit limit of $1,000. Both can graduate to unsecured cards in about 6 months.
They also both have preapproval websites, so you can check if you're qualified without getting a hard credit pull, which is nice.
From what I've read, Capital One seems to be one of the quickest to forgive post bankruptcy/financial issues.
@LuckyB338 wrote:
Burned citi, chase, Amex, disco What are my chances?
I can only speak a bit for Chase and Discover. But, just based on what I've read, I don't think any of them are too forgiving.
I had a charged off Chase card, and haven't been able to get back in with them (it's been about 20 months). I doubt I will be able to since I caused them about a $10k loss. I never had a Discover card but it was difficult to get in with them for just a secured card. They declined me a few times based on credit score and new credit lines.
I would definitely look into Capital One. They approved me for an unsecured card (albeit, with a small $750 credit limit) when Discover wouldn't even approve me for a secured card.
I think your best bet will be trying the pre-approval sites to see what they say before taking a hard credit pull.
@LuckyB338 wrote:Cap one gave me pre qual for secured
Was that all that came up?
You may have to also consider the non-traditional options such as OpenSky, Petal, Green Dot. They're not the greatest, but they're a step above, say, Indigo, Blaze, and First Premier, which, although unsecured, have ridiculous fees associated with them.
@OmarGB9 wrote:
@LuckyB338 wrote:Cap one gave me pre qual for secured
Was that all that came up?
You may have to also consider the non-traditional options such as OpenSky, Petal, Green Dot. They're not the greatest, but they're a step above, say, Indigo, Blaze, and First Premier, which, although unsecured, have ridiculous fees associated with them.
I can attest to OpenSky being decent. When Discover initially rejected me, I had no credit open lines. And, like an idiot, I just applied for Discover without pre-approval because I thought there was no way I could get rejected for a secured card. I was wrong.
I went with OpenSky because there's no credit check and it's basically the closest thing you can get to guaranteed approval. I deposited the smallest amount and essentially just use it for a positive trade line and more on-time payments.
I believe you can deposit up to $3,500 with OpenSky if I recall correctly. The downside is that it will never become unsecured and you won't get your money back unless you close the card. And it has an annual fee of $35, I believe.