8  Best Credit Cards After Bankruptcy

8 Best Credit Cards After Bankruptcy

Many filers keep their bankruptcy status on the downlow, but there’s no need to be embarrassed about recovering from a Chapter 7 or Chapter 13 bankruptcy. In fact, having a discharged bankruptcy on your credit report is more common than a lot of people realize.

One of the best strategies you can use is to leverage one of the credit cards after bankruptcy that will help you re-establish credit.

Over the last decade, as many as 1.5 million people filed bankruptcy each year. Bankruptcy gives you a fresh financial start, and some credit card companies love this.

Our advice is to start with one of these "credit card after brankruptcy" options, then work your way up to 0% APR cards and rewards cards tailored toward people with excellent credit.

The key is, Just pay your bill on time, and avoid maxing out your card and you should slowly see your FICO score increase if you use your cards responsibly and avoid racking up new collections or judgments.

Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated April 16, 2019 but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

Why trust us: Faveable has spent thousands of hours researching, interviewing experts, and testing products to come up with carefully selected lists trusted by millions of consumers since 2013.

Best Credit Cards After Bankruptcy

  • 8. Capital One Secured Credit Card
  • 7. BankAmericard® Secured Credit Card
  • 6. OpenSky® Secured Visa® Credit Card
  • 5. Capital One Quicksilver One
  • 4. Credit One Bank® Visa® Credit Card
  • 3. Best Western Rewards® Secured MasterCard®
  • 2. Discover it® Secured Card
  • 1. Capital One® Platinum Credit Card

Best Secured Credit Card With No Annual Fee

Capital One Secured Credit Card

Best Secured Credit Card With No Annual Fee: Capital One Secured Credit Card
86 % Editor Score
80 % User Score
609 Clicks

Why People Love it

  • No annual fee
  • High approval odds
  • Good for rebuiding credit

  • Excellent for repairing or building credit.
  • Clear usage terms help you avoid unpleasant surprises when your statement arrives.
  • Max $1,000 limit
  • Requires security deposit
  • No rewards

Details

Application Process: Apply online and pay the required security deposit - either $49, $99, or $200. This is a refundable deposit based on your credit history.

Rewards: No rewards - this is just a basic credit card designed to help you repair or establish credit.

Bonus offers: There are no bonus offers, but cardholders have the chance to increase their credit line after 5 consecutive on-time payments.

Annual fee: None.

Details:Capital One Secured Credit Card »

Best First Secured Credit Card

BankAmericard® Secured Credit Card

Best First Secured Credit Card: BankAmericard® Secured Credit Card
Variable APR
21.74%
Cash Advance APR
21.74 - 26.49%
Rewards Rate
n/a
Annual Fee
$39
Intro APR
n/a
Bonus Offers
n/a
86 % Editor Score
82 % User Score
199 Clicks

Why People Love it

  • Helps you build credit by reporting to all three credit bureaus
  • Potentially get your deposit back before you close the account
  • Get free access to your FICO score

  • A reasonable interest rate for a secured credit card
  • Helps you build credit with credit reporting and free access to your FICO score
  • Charges an annual fee
  • Requires a security deposit

Details

Application Process: Apply online and get a response within 60 seconds. Just make sure you have at least $300 to spare since you’ll need it for your deposit.

Rewards: None.

Bonus Offers: None.

Annual Fee: $39.

Details:BankAmericard® Secured Credit Card »

Best Secured Card With No Credit Check

OpenSky® Secured Visa® Credit Card

Best Secured Card With No Credit Check: OpenSky® Secured Visa® Credit Card
Variable APR
18.64%
Cash Advance APR
18.64%
Rewards Rate
n/a
Annual Fee
$35
Intro APR
n/a
Bonus Offers
n/a
80 % Editor Score
85 % User Score
204 Clicks

Why People Love it

  • No credit check required for approval 
  • Doesn't require a checking account 
  • Low APR compared to other secured cards

 

  • Low annual fee
  • Helps build or repair credit
  • Requires a security deposit
  • Payments can take up to two weeks to clear
  • Charges an annual fee

Details

Application Process: Apply online and get a response within 60 seconds. 

Rewards: None

Bonus Offers: None

Annual Fee: $35.

Details:OpenSky® Secured Visa® Credit Card »

Capital One Quicksilver One

Capital One Quicksilver One
88 % Editor Score
87 % User Score
224 Clicks

Why People Love it

  • Unlimited 1.5% cash back for qualifying purchases
  • Widely accepted worldwide
  • Opportunity to increase your credit limit after 5 billing cycles

There's no minimum amount required for reward redemption, so you don't have to overspend in an attempt to collect your rewards. Some cardholders have the option to upgrade to the regular Quicksilver card without a hard credit pull, so you can use the QuicksilverOne as a starter card.

The interest rate is high, so try to graduate to the regular Quicksilver card if your credit improves from average to good.

Details

Application Process: Apply online in a minute or two, then receive an immediate approval or denial. Occasionally it takes 7 to 10 days for Capital One to reach a decision.

Annual Fee: There's a $39 annual fee, but at least you don't have account maintenance fees or foreign transaction fees.

Rewards and Redemption Options: You earn 1.5% cash back every time you swipe your card for an approved purchase, and you aren't confined to specific rewards categories. There's no minimum required for redemption, and rewards never expire.

You can redeem rewards via a statement credit, check, gift card, or charity donation.

Bonus Offers: None, but you'll qualify for some if you eventually upgrade to the regular Quicksilver card.

Details:Capital One Quicksilver One »

Best Cash Back Credit Card for Bad Credit

Credit One Bank® Visa® Credit Card

Best Cash Back Credit Card for Bad Credit: Credit One Bank® Visa® Credit Card
Variable APR
17.49% - 25.49%
Cash Advance APR
19.40% - 25.49%
Rewards Rate
1% cash back on eligible purchases.
Annual Fee
$0 - $99
Intro APR
n/a
Bonus Offers
n/a
30 % Editor Score
85 % User Score
497 Clicks

Why People Love it

  • Easy approval process
  • Bankruptcy-friendly card
  • Doesn't require a security deposit

  • Handy prequalification tool helps you figure out if you'll get approved -- without a hard inquiry
  • Some cardholders qualify for 1% cash back on eligible purchases
  • You might not have an annual fee
  • There's no guarantee you'll get rewards — it's based on your creditworthiness
  • You may have to pay an annual fee
  • Not all purchases generate rewards

Details

Application Process: Get pre-qualified online then apply. Approval is typically instant.

Rewards: You may or may not get approved to earn rewards. If you do, you'll earn 1% cash back on eligible gas and groceries plus mobile phone, internet, cable, and satellite TV services.

Bonus Offers: None.

Annual Fee: Annual fees range from $0 to $99.

Details:Credit One Bank® Visa® Credit Card »

Best Hotel Credit Card for Bad Credit

Best Western Rewards® Secured MasterCard®

Best Hotel Credit Card for Bad Credit: Best Western Rewards® Secured MasterCard®
Variable APR
21.24%
Cash Advance APR
25.49%
Rewards Rate
Receive 13 points per $1 on Best Western stays (10 points as Best Western Rewards member, 3 points for using your MasterCard), plus receive 1 point per $1 on all other purchases
Annual Fee
$40
Intro APR
n/a
Bonus Offers
5,000 bonus points after your first purchase
70 % Editor Score
92 % User Score
185 Clicks

Why People Love it

  • Graduate to an unsecured card in as little as 11 months
  • Credit limit increase without an additional deposit in as early as 7 months
  • Very few secured credit cards offer rewards

  • The card requires a security deposit of at least $300
  • The card charges a $29 annual fee
  • Its APR is sky-high

Details

Application Process:  Apply online through First Bank. You'll receive a response immediately and be prompted to make $300 to $5,000, which will be equal to your credit line.

Rewards:  You earn 13 points for every dollar you spend at Best Western properties and 2 points per dollar spent on other qualifying purchases.

Bonus Offers: Earn 5,000 bonus points after their first qualifying purchase. 

Annual Fee: $29.

Details:Best Western Rewards® Secured MasterCard® »

Best Secured Credit Card if You Want Bonus Offers

Discover it® Secured Card

Best Secured Credit Card if You Want Bonus Offers: Discover it® Secured Card
Variable APR
24.49%
Cash Advance APR
26.49%
Rewards Rate
Earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases.
Annual Fee
$0
Intro APR
10.99% on balance transfers for 6 months
Bonus Offers
Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
96 % Editor Score
95 % User Score
356 Clicks

Why People Love it

  • Offers cash-back rewards, plus a bonus the first yaer
  • Refundable security deposit, potentially before you close your account
  • No annual fee

 

  • Get up to 2% cash back on everyday spending
  • You can get your deposit back as soon as eight months after you open the account
  • No foreign transaction fee
  • Requires a security deposit to open an account
  • Discover is widely accepted overseas

Details

Application Process: Apply online and get a response within 60 seconds

Rewards: The card offers 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. Plus, earn unlimited 1% cash back on all other purchases

Bonus Offers: Discover matches the cash-back rewards you accumulate during your first year, with no limits.  

Annual Fee: None.

Details:Discover it® Secured Card »

Best Unsecured for Bad Credit

Capital One® Platinum Credit Card

Best Unsecured for Bad Credit: Capital One® Platinum Credit Card
Variable APR
19.99% - 28.99%
Cash Advance APR
28.99%
Rewards Rate
n/a
Annual Fee
n/a
Intro APR
n/a
Bonus Offers
n/a
76 % Editor Score
82 % User Score
423 Clicks

Why People Love it

  • Credit limit can increase after 5 months of on-time payments
  • Pick your monthly due date
  • No annual fee or foreign transaction fees

  • Helps you build credit without distractions
  • Can qualify with average credit
  • Card offers no rewards or any other major benefits
  • High APR

Details

Application Process: Apply online and get a response within 60 seconds.

Rewards: None.

Bonus Offers: None.

Annual Fee: None.

Details:Capital One® Platinum Credit Card »

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Article Staff

Missy Nolan is a single mom who is too sleep-deprived to come up with a clever bio at the moment. She has been a professional writer for more than 10 years and loves staying home with her 3 kids. Well, most of the time. Missy rocks at parenting, baking, cooking, saving cute outfits she'll never wear on Pinterest, and sipping her beloved secret-menu Starbucks Pink Drink while strolling through Target.

She's your go-to girl for advice or feedback on any of the things listed above, as well as tips on healthy living, bargain hunting, marketing, and finances. Connect with Missy here or at MakeItWithMissy.com, a food blog that features healthy recipes and grocery deals.

You can also find Missy on Legit Lender, Health.com, The Nest, Catalogs.com, and OneSpace.

Editor Jenna Holtz
Researcher Ronnie Langston
Art Director Cherry Barbacena

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