Can I apply for a credit card after bankruptcy? - Bad Credit FAQ


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Credit Card Applications » Questions » FAQs » Bad Credit » Can I apply for a credit card after bankruptcy?

Can I apply for a credit card after bankruptcy?

Answered on

Yes, absolutely.

In fact, many people are surprised when they are flooded with credit card offers soon after they have declared bankruptcy. That’s because creditors know that people who have gotten into debt over their heads once, are likely to do it again. They also know that you can’t file for bankruptcy again for many years so they are often happy to have you as a cardmember.

That said, pay close attention to the terms of the cards you’re offered after filing for bankruptcy. They usually have very high fees and APRs because you are considered a risk. It might be better to wait a while and get your financial footing back before taking on a new line of credit. However, if you need a credit card and are sure that you will be able to pay it off in full each month, look for the card with the lowest fees possible.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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