Can I apply for a business credit card after having a... - Credit Cards for Business FAQ


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Credit Card Applications » Questions » FAQs » Credit Cards for Business » Can I apply for a business credit card after having a Chapter 13 bankruptcy?

Can I apply for a business credit card after having a Chapter 13 bankruptcy?

Answered on | Updated on March 2nd, 2013
The content is accurate at the time of publication and is subject to change.

Your bankruptcy filing will likely remain on your credit report for the next decade dragging your credit score down and making it unlikely that you will be approved for many business credit cards. Think about what you plan to use the business credit card for, and whether a prepaid card might meet your needs for convenient payment method instead of a business credit card.

Chapter 13 bankruptcy requires that you write up a debt repayment plan and make payments until all the debts are discharged – which means that you may still be paying off debt following your bankruptcy. You may want to consider whether getting a credit card is the best financial move for you.

If you are determined to get a credit card, you will need to look at credit cards for bad credit. A secured card might be the best way to go until your bankruptcy filing is behind you and you have regained your financial footing.

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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