Secured Credit Cards

[beyondtherapy]

I have filed for bankruptcy, effective April 13th. I am listed as a No Asset. My 341 is set for May 27th.

Am I allowed to apply for a secured credit card? I will need to rent a car in the month of May, and I won't be able to rent one without a credit card. I do have a debit card attached to my bank account, but all the car rentals in my neighborhood insist on a credit card to be able to rent.

Please advise? Thanks.

-BT

[Flowers]

I have to think that if the debit card has a Visa logo on it, it should work as a credit card.
Only thing is that the account will be debited immediately.
At least this is what happened to me when i made a hotel reservation.
Others might know better.

[mamaluv]

I don't know the answer as to applying for a secured card...however most rental places put a $500 hold on your card when renting a car, so if you don't have $500 in your checking account you will run into a problem. Couple months ago I was renting a car (thru Avis) and the guy in line in front of me, he was trying to us a debit card and did not have the funds for the hold so they said 'sorry, too bad' They wouldn't rent to him.

[CatsInTrouble]

No, she's right, many rental places will NOT accept a deit, even if you have thousands of dollars in your account and even with the logo. Thrifty will not, I know that.

However, I do know that Advantage is debit-card friendly. THey will accept it for payment and for the $$$ hold of $300, with certain policies....more documentation.

Sorry I don't know the answer to your first question