Recommended Credit Cards 2010

[pris72]

I have a capital one card with a $300 limit, orchard bank with a $300 limit and a first premiere platinum with a $700 limit. That's it for me until I can build up my credit enough to get a higher limit card, perhaps with chase or discover. My bank however turned me down, which is bank of America.


Filed Chapter 7: 2/26/10
Meeting of creditors: 4/18/10
Discharge: 6/14/10

[kclovis]

I was approved today for capital one platinum card with $500 limit and 0% APR until May 2011. Annual fee waived also. No upfront processing fees or anything.

Chapter 7 discharged 01/17/2010

[nc73]

I was approved today for capital one platinum card with $500 limit and 0% APR until May 2011. Annual fee waived also. No upfront processing fees or anything.

Chapter 7 discharged 01/17/2010

I got the same one but with fees since it is a rebate one. Discharged this past Friday!

[SPalin]

Congrats! And who said your in credit hell for 7 years!

[calgirl67]

Credit Hell? We were discharged June 2010 and already we have a HSBS Platinum $750 limit, Orchard Bank $500 and Capital One $750 limit.

Oh yes, they are locked in the safe and for EMERGENCIES only. Emergency NOT meaning "I must have that LCD tv" meaning I cannot pay the rent this month or my dog needs expensive vet care. We are not going down that road ever again. I put Netflix on HSBC, our book club membership ($15) on the Orchard and nothing on Crap One. I guess I had better order something online for $20 and pay it off slowly so it reports to the creditr bureaus!

[nc73]

Credit cards should be used to build credit back to what it was before not as a savings account. Well at least that's what I keep telling myself! So I hope you've all setup a savings account just for that purpose. If you've got too many emergencies in a year how are you going to pay all that debt off? What if your credit limit doesn't cut it due to an expensive emergency?

[calgirl67]

Well luckily I have $18000 in my savings account!

[TurnThePage]

I'm thinking of rebuilding my credit now that it's been a year since I filed a Chapter 7 ... I was just turned down by my local bank. The reason: "Bankruptcy and little credit experience .." Maybe I'll have better luck with Capital One.

[TurnThePage]

I was approved today for capital one platinum card with $500 limit and 0% APR until May 2011. Annual fee waived also. No upfront processing fees or anything.

Chapter 7 discharged 01/17/2010

I got approved for this same one, $500 unsecured credit limit, but has an Annual Fee. I guess $39 makes up for the 0% Intro APR ... I admit this still seems like the best post-bankruptcy credit card! Usually one is stuck with secured credit cards that have a monthly maintenance fee and / or a high amount of interest ... Great Forum!

[backtoschool]

I got approved for this same one, $500 unsecured credit limit, but has an Annual Fee. I guess $39 makes up for the 0% Intro APR ... I admit this still seems like the best post-bankruptcy credit card! Usually one is stuck with secured credit cards that have a monthly maintenance fee and / or a high amount of interest ... Great Forum!

Capital One is good about raising your limit if you pay on time and use the card a little bit too. You don't have to carry a balance to get your limit raised automatically, just use the card a little bit and then pay it off.

[onthefence]

Capital One is good about raising your limit if you pay on time and use the card a little bit too. You don't have to carry a balance to get your limit raised automatically, just use the card a little bit and then pay it off.

We are in the middle of our CH7, our 341 is next week. I am not in a huge hurry to run out and get another cc, but want to establish new trade lines (thanks bts) in order to start healing our credit report (can you tell I like to plan?). My question is if Capital One is included in our bankruptcy, how likely is it that they will approve us - perhaps after a bit of time? Maybe try another company first? Anyone have experience with this?

[tanya0525]

We are in the middle of our CH7, our 341 is next week. I am not in a huge hurry to run out and get another cc, but want to establish new trade lines (thanks bts) in order to start healing our credit report (can you tell I like to plan?). My question is if Capital One is included in our bankruptcy, how likely is it that they will approve us - perhaps after a bit of time? Maybe try another company first? Anyone have experience with this?

It took me about 7 months after discharge to get cap. one. But I did Other cards before that.

[Charlie777]

From what I read on this and other threads, I think different folks mileage may vary.

I discharged a 6K credit card and 30K LOC with CapitalOne. Their prequalifier tells me I should apply for three cards but I get denied - at least they say it's based on internal information at Capital One and they don't inflict hard inquiries on me. Dfferent people say they may or may not blacklist.

I started with a secured card at a Credit Union (Navy Federal), have added a USAA secured and a Best Buy Reward Zone MC.

Many people have success with Orchard Bank (owned by HSBC) but I also discharged an account (Best Buy actually) with HSBC and Orchard won't approve me.

Citibank (I discharged there as well) won't even give me a secured card. They took my application and cashed my check but then returned it.

[Lee123]

I was discharged in August. Have been trying to get a credit card to rebuild credit, but the only luck I have had so far is I got approved for a Credit One card for $300 today (and that is pending). Capital One denied me because my income was insufficient, but they said to reapply in 45 days. I am seriously thinking about doing a recon.

Also, somehow a Victoria Secret store card I have slipped through the cracks during my BK.Not only is that tradeline still open, they increased my credit limit directly after I was discharged. I keep meaning to make a small purchase on it, but really have no need to. I'm afraid that due to my inactivity they will cancel it, but I really feel like I need it to show I have a positive tradeline.

I don't have the extra cash to put money into a secured card so I have tried Hooters, HSBC, Orchard, Household, everything. I was wanting to wait until the first of the year to apply for credit, but I am going out of town in November and need to rent a car. If you don't have a cc the rental companies want your firstborn child. It's very difficult!