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

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Can I apply for a credit card after bankruptcy?

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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.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
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