What’s the best credit card to get after a bankruptcy?

jorst asked:


I declared bankruptcy three years ago. I’m being deluged with credit card offers. Is there a best card to go for, a best interest rate, or should I just forget the whole thing and stick it out with my Visa debit card I have through my bank?

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2 Responses to “What’s the best credit card to get after a bankruptcy?”

1. VaTreasures Says:
   February 13th, 2009 at 7:35 pm

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   Get one with no annual fee. You should get one with a low credit limit(you can lower it or underreport your income) and pay it off every month.

2. Amanda Says:
   February 13th, 2009 at 11:59 pm

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   Whatever you get, you really should pay it off every month to work toward getting your credit repaired. Also, beware, just because they say you are “pre-approved” they may not offer you a card when they run a credit check. IF you plan to keep a balance, there are many credit cards that have 0% interest for a year or so. Once again, pay it off every month to prevent future bankrupcies. Only charge when you have cash to back it up.

   Good luck.

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