I am trying to rebuild my credit.  I filed... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I am trying to rebuild my credit.  I filed bankruptcy in 2003. What is a good card...

I am trying to rebuild my credit.  I filed bankruptcy in 2003. What is a good card to rebuild my credit with? Thank you

Answered on

The best card after bankruptcy is a secured credit card because if you apply for a general credit card, you will likely be denied. Prepaid cards are another option, but they do not report your credit performance to the credit bureaus. Secured credit cards involve putting up a security deposit which acts as collateral. The deposit is usually equal to the credit limit you will be given. When you are ready to close the account, you will get your deposit back.  You should look for a card without processing fees and with a low annual fee. The APRs are usually high, but some reasonable rates are available. Also, make sure the card is reporting to major credit bureaus.

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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