Hi, what if I am discharged from bankruptcy, what credit card will help me rebuild my credit back without any annual fees?
As you are discharged from bankruptcy it is worth checking your credit history and credit score. Read carefully your credit report and if there are some inaccuracies try to clean them up.
Don’t apply for a credit card right away as you are discharged, wait 1-2 years. If you are not patient enough you most possibly will be denied.
Now, if you've waited enough and did all cleaning ups you can shop for a credit card. You may apply for a secured credit card or general, unsecured, credit card. Secured credit cards require collateral in form of a security deposit. Except this security deposit, secured credit card acts as an unsecured one.
Unsecured credit cards do not require any security deposit so you don’t need to pay to get this card (except some possible fees like setup fee).
As you are lived through a bankruptcy and waited long enough, consider the credit cards for limited/no credit. Pay a closer attention to the credit reporting. Your goal is to rebuild your credit so this should be mentioned in credit card description. If to find a card that helps you rebuild your credit is quite easy, to find a card with no annual fee is the other thing. In your case it will be hard to find a card with no annual fee, instead try to concentrate on minimum payments. Commonly the credit cards for people with ruined credit history have high interest rates and fees, and the limits don’t please too. However, they may have some rewards or bonus programs so do some calculations before you apply.
Other Questions And Answers
At my local bank there was an advertisement that if one enrolls in Alaska airline credit card and spends $1000 in the first 3 months then a travel companion could fly free. Is this still in effect? Does it apply to international trips and 1st class? Does the flight need to be Alaska airlines/ Virgin airlines?
Currently, the Alaska Airlines credit card has the following offer: “Annual companion fare from $121 ($99, plus taxes and fees from $22) after you make $1,000 or more in purchases within the first 90 days of your account opening”. This benefit will qualify for a round-trip coach Companion Fare on Alaska...
I once had the US Airways credit card, then the airlines merged with American Airlines and my card transitioned into the AAdvantage MasterCard with a higher annual fee and without companion pass. I use the card one year and then closed it because I don’t fly with American Airline often. Now I am looking for a credit card without an annual fee. What are my options?
You may like one of the regular travel rewards credit cards offered by major banks. Travel rewards credit cards allow earning miles on all purchases. The cards also have one-time sign up bonuses which may be enough for a domestic flight. There are credit offers without annual fees, the other offers come with rather low...
I had the US Airways MasterCard back in 2013 but had to close it because I got divorced and had some troubles with keeping up with my credit cards fees. I’m back on track now and would like to apply for this card again but can’t seem to find it anywhere. Can you help?
The US Airways Premier World MasterCard is no longer offered. US Airways removed their credit card after merging with American Airlines. Today you can apply for one of the AAdvantage credit cards offered by Citi or for a regular travel rewards credit card. Both types of credit cards will allow you to earn miles and redeem...
Have Jetblue discontinued their free checked bag offer? I have the Jetblue MasterCard and don't have this benefit.
JetBlue still has the one free checked bag perk but not everyone can get it. First of all, the members of TrueBlue program will be able to get their first checked bag free if they've reached Blue Plus level or Blue Flex level, provided the checked bag is under 50 pounds (22.68 kg). Then, cardholders of the JetBlue Plus...
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